How big is the Joint Replacement market?

The global Joint Replacement market size was estimated at USD 17.1 billion in 2020 and is expected to reach USD 20.1 billion in 2021.

What is the Joint Replacement market growth?

The global Joint Replacement market is expected to grow at a compound annual growth rate of 3.37% from 2021 to 2028 to reach USD 25.4 billion by 2028.

Which segment accounted for the largest Joint Replacement market share?

North America dominated the market with a share of over 62.9% in 2020. An increase in factors, such as the prevalence of osteoarthritis, geriatric population, availability of insurance coverage, and the number of trauma & accident cases, is projected to drive the demand for joint replacements in North America.

Who are the key players in the Joint Replacement market?

Some key players operating in the Joint Replacement market include Johnson & Johnson Services, Inc. (DePuy Synthes), Stryker, Zimmer Biomet, Smith+Nephew, DJO, LLC., Arthrex, Inc., Exactech, Inc., Conformis, MicroPort Orthopedics, and Corin Group.

What are the factors driving the Joint Replacement market?

Key factors that are driving the market growth include an increase in the prevalence of orthopedic disorders, osteoporosis, osteoarthritis (OA), and lower extremity conditions and technological advancements.