세계의 관절 치환술 시장 : 고정 유형, 관절 유형, 재료, 절차, 최종 사용자별 예측(2025-2030년)

The Joint Replacement Market was valued at USD 18.25 billion in 2023, expected to reach USD 19.22 billion in 2024, and is projected to grow at a CAGR of 5.45%, to USD 26.47 billion by 2030.

The joint replacement market, a crucial segment of orthopedic medical devices, involves procedures replacing damaged or arthritic joints with artificial implants. The market caters majorly to hip and knee replacements, driven by an aging global population, increasing cases of osteoarthritis, and advancements in surgical techniques. Enhanced awareness of joint health and accessibility to surgical interventions significantly fuel demand. Applications span across hospitals, orthopedic clinics, and specialty surgical centers, with end-users including geriatric demographics chiefly in developed regions. Rising incidences of obesity and sedentary lifestyles further expedite market expansion. Key growth influencers encompass technological innovations like 3D-printed implants, robotic-assisted surgeries, and minimally invasive procedures, which enhance patient outcomes and reduce recovery time. Geographically, North America dominates due to advanced healthcare infrastructure, whereas emerging markets like Asia-Pacific present abundant opportunities owing to improving healthcare systems and increasing disposable incomes. A noteworthy opportunity lies in personalized medicine; custom implants designed using patient-specific anatomy promise improved compatibility and longevity. Yet, challenges persist, such as regulatory hurdles, high procedure costs, and risk of implant failure or complications deterring potential patients. Additionally, the COVID-19 pandemic temporarily shifted focus away from elective surgeries, slowing market momentum. Innovation could be best driven in biomaterial development, ensuring implants are more biocompatible and durable, whereas expanding telemedicine services can enhance pre-and post-operative care. The competitive landscape reflects an oligopolistic nature, with few dominant players like Stryker, Zimmer Biomet, and Johnson & Johnson, yet startups introduce disruptive technologies. Strategic partnerships and continuous R&D investment are recommended to leverage market potential fully. Emphasizing education on joint health and rehabilitation can further enhance market penetration, addressing prevailing limitations and maximizing growth potential.

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Joint Replacement Market

The Joint Replacement Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

• Market Drivers
  • Growing prevalence of orthopedic disorders and lower extremity conditions
  • Increasing need for minimally invasive surgeries accompanied by the existence of improved implant materials
  • Supportive reimbursements for small joint replacement
• Market Restraints
  • High cost associated with joint replacement and issues of product recalls
• Market Opportunities
  • Emergence of bio-based materials for joint replacements
  • Advancements in robotic-assisted surgery technologies
• Market Challenges
  • Concerns associated with product compatibility

Porter's Five Forces: A Strategic Tool for Navigating the Joint Replacement Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Joint Replacement Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Joint Replacement Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Joint Replacement Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Joint Replacement Market

A detailed market share analysis in the Joint Replacement Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Joint Replacement Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Joint Replacement Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Strategy Analysis & Recommendation: Charting a Path to Success in the Joint Replacement Market

A strategic analysis of the Joint Replacement Market is essential for businesses looking to strengthen their global market presence. By reviewing key resources, capabilities, and performance indicators, business organizations can identify growth opportunities and work toward improvement. This approach helps businesses navigate challenges in the competitive landscape and ensures they are well-positioned to capitalize on newer opportunities and drive long-term success.

Key Company Profiles

The report delves into recent significant developments in the Joint Replacement Market, highlighting leading vendors and their innovative profiles. These include Aditi Corporation, Aesculap, Inc., Arthrex, Inc., B. Braun SE, Corin Group, DJO Global Inc., Exactech, Inc., Globus Medical, Inc., Integra LifeSciences Corporation, Johnson & Johnson Services, Inc., Kyocera Corporation, Medtronic PLC, Meril Life Sciences Pvt. Ltd., MicroPort Scientific Corporation, NuVasive Inc., Orthofix Medical Inc., Smith & Nephew PLC, Stryker Corporation, Uteshiya Medicare Private Limited, Wright Medical Group N.V., and Zimmer Biomet Holdings, Inc..

Market Segmentation & Coverage

This research report categorizes the Joint Replacement Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Based on Fixation Type, market is studied across Cemented, Cementless, Hybrid, and Reverse Hybrid.
• Based on Joint Type, market is studied across Ankle Replacement, Finger or Hand Joints Replacement, Hip Replacement, Knee Replacement, and Shoulder Replacement.
• Based on Material, market is studied across Ceramic on Ceramic, Ceramic on Plastic, Metal on Metal, and Metal on Plastic.
• Based on Procedure, market is studied across Partial Replacement, Revision Joint Replacement, and Total Replacement.
• Based on End-Use, market is studied across Ambulatory Surgical Centers, Hospitals, and Orthopedic Clinics.
• Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Table of Contents

1. Preface

• 1.1. Objectives of the Study
• 1.2. Market Segmentation & Coverage
• 1.3. Years Considered for the Study
• 1.4. Currency & Pricing
• 1.5. Language
• 1.6. Stakeholders

2. Research Methodology

• 2.1. Define: Research Objective
• 2.2. Determine: Research Design
• 2.3. Prepare: Research Instrument
• 2.4. Collect: Data Source
• 2.5. Analyze: Data Interpretation
• 2.6. Formulate: Data Verification
• 2.7. Publish: Research Report
• 2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

• 5.1. Market Dynamics
  • 5.1.1. Drivers
    • 5.1.1.1. Growing prevalence of orthopedic disorders and lower extremity conditions
    • 5.1.1.2. Increasing need for minimally invasive surgeries accompanied by the existence of improved implant materials
    • 5.1.1.3. Supportive reimbursements for small joint replacement
  • 5.1.2. Restraints
    • 5.1.2.1. High cost associated with joint replacement and issues of product recalls
  • 5.1.3. Opportunities
    • 5.1.3.1. Emergence of bio-based materials for joint replacements
    • 5.1.3.2. Advancements in robotic-assisted surgery technologies
  • 5.1.4. Challenges
    • 5.1.4.1. Concerns associated with product compatibility
• 5.2. Market Segmentation Analysis
  • 5.2.1. Fixation Type: Growing usage of cemented fixation to provide immediate stability of the implant
  • 5.2.2. End-Use: High accessibility of joint replacement surgeries in hospitals due to availability of required infrastructure to facilitate longer recovery times
• 5.3. Porter's Five Forces Analysis
  • 5.3.1. Threat of New Entrants
  • 5.3.2. Threat of Substitutes
  • 5.3.3. Bargaining Power of Customers
  • 5.3.4. Bargaining Power of Suppliers
  • 5.3.5. Industry Rivalry
• 5.4. PESTLE Analysis
  • 5.4.1. Political
  • 5.4.2. Economic
  • 5.4.3. Social
  • 5.4.4. Technological
  • 5.4.5. Legal
  • 5.4.6. Environmental

6. Joint Replacement Market, by Fixation Type

• 6.1. Introduction
• 6.2. Cemented
• 6.3. Cementless
• 6.4. Hybrid
• 6.5. Reverse Hybrid

7. Joint Replacement Market, by Joint Type

• 7.1. Introduction
• 7.2. Ankle Replacement
• 7.3. Finger or Hand Joints Replacement
• 7.4. Hip Replacement
• 7.5. Knee Replacement
• 7.6. Shoulder Replacement

8. Joint Replacement Market, by Material

• 8.1. Introduction
• 8.2. Ceramic on Ceramic
• 8.3. Ceramic on Plastic
• 8.4. Metal on Metal
• 8.5. Metal on Plastic

9. Joint Replacement Market, by Procedure

• 9.1. Introduction
• 9.2. Partial Replacement
• 9.3. Revision Joint Replacement
• 9.4. Total Replacement

10. Joint Replacement Market, by End-Use

• 10.1. Introduction
• 10.2. Ambulatory Surgical Centers
• 10.3. Hospitals
• 10.4. Orthopedic Clinics

11. Americas Joint Replacement Market

• 11.1. Introduction
• 11.2. Argentina
• 11.3. Brazil
• 11.4. Canada
• 11.5. Mexico
• 11.6. United States

12. Asia-Pacific Joint Replacement Market

• 12.1. Introduction
• 12.2. Australia
• 12.3. China
• 12.4. India
• 12.5. Indonesia
• 12.6. Japan
• 12.7. Malaysia
• 12.8. Philippines
• 12.9. Singapore
• 12.10. South Korea
• 12.11. Taiwan
• 12.12. Thailand
• 12.13. Vietnam

13. Europe, Middle East & Africa Joint Replacement Market

• 13.1. Introduction
• 13.2. Denmark
• 13.3. Egypt
• 13.4. Finland
• 13.5. France
• 13.6. Germany
• 13.7. Israel
• 13.8. Italy
• 13.9. Netherlands
• 13.10. Nigeria
• 13.11. Norway
• 13.12. Poland
• 13.13. Qatar
• 13.14. Russia
• 13.15. Saudi Arabia
• 13.16. South Africa
• 13.17. Spain
• 13.18. Sweden
• 13.19. Switzerland
• 13.20. Turkey
• 13.21. United Arab Emirates
• 13.22. United Kingdom

14. Competitive Landscape

• 14.1. Market Share Analysis, 2023
• 14.2. FPNV Positioning Matrix, 2023
• 14.3. Competitive Scenario Analysis
  • 14.3.1. Intellijoint Surgical Expands Market Reach with Intellijoint KNEE Approval in Japan
  • 14.3.2. FDA Approval Enhances Treatment for Early-Stage Knee Osteoarthritis
  • 14.3.3. Aster Medcity Introduces Robotic Technology for Knee Replacement Surgeries
• 14.4. Strategy Analysis & Recommendation

Companies Mentioned

• 1. Aditi Corporation
• 2. Aesculap, Inc.
• 3. Arthrex, Inc.
• 4. B. Braun SE
• 5. Corin Group
• 6. DJO Global Inc.
• 7. Exactech, Inc.
• 8. Globus Medical, Inc.
• 9. Integra LifeSciences Corporation
• 10. Johnson & Johnson Services, Inc.
• 11. Kyocera Corporation
• 12. Medtronic PLC
• 13. Meril Life Sciences Pvt. Ltd.
• 14. MicroPort Scientific Corporation
• 15. NuVasive Inc.
• 16. Orthofix Medical Inc.
• 17. Smith & Nephew PLC
• 18. Stryker Corporation
• 19. Uteshiya Medicare Private Limited
• 20. Wright Medical Group N.V.
• 21. Zimmer Biomet Holdings, Inc.