Hip and Knee Replacement Market Projected to Hit USD 60.0 billion at an 3.37% CAGR by 2032

Hip and Knee Replacement Market: Advancing Orthopedic Solutions for a Growing Global Demand

Hip and Knee Replacement Market Growth Research Report and Trends Analysis By Procedure Type (Total Hip Replacement, Partial Hip Replacement, Total Knee Replacement, Partial Knee Replacement), By Material Type (Metal, Plastic, Ceramic, Alloy), By End User (Hospitals, Ambulatory Surgical Centers, Orthopedic Clinics), By Patient Demographics (Age Group 18-44, Age Group 45-64, Age Group 65 and above) and By Regions - Forecast to 2032

According to MRFR Hip And Knee Replacement Market size, share, growth, opportunity, competitive environment, manufacturers, players, and vendors, as well as its segments and sub-segments, is provided by this intelligence research outlook. In-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on in its latest pricing dashboard.

The Hip and Knee Replacement Market is a critical component of the global orthopedic industry, witnessing consistent expansion fueled by demographic shifts, rising chronic joint conditions, and continuous technological progress. Valued at USD 46.03 billion in 2024, up from USD 44.53 billion in 2023, the market is projected to reach USD 60.0 billion by 2032, growing at a CAGR of 3.37% during the 2025–2032 forecast period. As aging populations increase and lifestyle-related joint conditions rise, the demand for hip and knee replacement procedures continues to escalate across all regions.

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Market Overview and Key Drivers

The hip and knee replacement market has evolved significantly in the past decade. These procedures, once reserved primarily for elderly patients, are now increasingly performed on younger demographics due to the growing prevalence of osteoporosis, osteoarthritis, and sports-related injuries. This shift is reshaping the dynamics of implant design, durability, and surgical preferences.

One of the key market drivers is the global aging population. Individuals aged 65 and above represent the most significant segment requiring joint replacement surgeries due to degenerative bone diseases. Alongside this, the rising obesity rates are contributing to joint deterioration, particularly in the knee, further driving the need for replacements.

Technological advancements are another major catalyst. From robotic-assisted surgeries to 3D-printed personalized implants, the hip and knee replacement market is adopting innovation at an unprecedented pace. These developments enhance surgical precision, reduce recovery times, and improve overall patient outcomes.

The rising healthcare expenditure worldwide, combined with a growing focus on quality of life and early diagnosis of joint degeneration, is pushing patients and healthcare providers to opt for surgical intervention sooner, broadening the market's scope.

Segmentation Overview

The hip and knee replacement market is segmented based on procedure type, material type, end user, patient demographics, and region. The procedure segment includes total replacement, partial replacement, and revision surgeries. Total knee and total hip replacements account for the highest share due to their clinical effectiveness and broad applicability.

In terms of material, the market is witnessing a shift toward ceramic-on-ceramic and metal-on-polyethylene combinations due to their longevity and improved biocompatibility. Innovations in advanced biomaterials are focused on reducing wear and increasing the lifespan of implants, especially for younger and more active patients.

End users of these implants include hospitals, orthopedic clinics, and ambulatory surgical centers. While hospitals dominate due to infrastructure capabilities and surgeon availability, outpatient centers are increasingly performing high-volume joint replacements due to cost efficiency and shorter recovery periods.

Patient demographics reveal that while seniors continue to lead demand, a rising number of middle-aged patients (45–64) are undergoing knee and hip replacements due to active lifestyles and higher incidence of early-onset joint disorders.

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Regional Insights

North America leads the hip and knee replacement market, driven by high patient awareness, advanced medical technology, and well-established reimbursement frameworks. The United States is the largest market in this region, with a growing number of surgeries performed annually and an expanding network of orthopedic specialists.

Europe follows closely, led by Germany, France, and the UK. The region benefits from a strong medical device industry, aging population, and public health policies supporting elective orthopedic surgeries.

The Asia-Pacific region is expected to witness the highest growth rate through 2032. Countries like China, India, and Japan are seeing rising rates of arthritis and obesity, improved healthcare access, and increasing investment in hospital infrastructure. This regional growth offers substantial opportunities for manufacturers looking to expand in price-sensitive, high-volume markets.

South America and MEA are emerging markets in the hip and knee replacement industry. Governments and private players are investing in healthcare modernization, and awareness campaigns are educating populations about joint health and surgical solutions.

Competitive Landscape

The hip and knee replacement market is highly competitive and innovation-centric. Major players such as:

• NuVasive
• Orthofix
• Arthrex
• Smith and Nephew
• Corin Group
• Zimmer Biomet
• DePuy Synthes
• Johnson and Johnson
• B. Braun Melsungen
• ConforMIS
• Exactech
• Wright Medical Group
• Stryker Corporation
• Aesculap
• Medtronic

Future Outlook and Key Opportunities

Looking ahead, the hip and knee replacement market offers several strategic opportunities. The expansion of minimally invasive surgical techniques is transforming recovery expectations and enhancing patient appeal. Robotic and AI-assisted surgeries are gaining traction and are likely to become standard in high-volume orthopedic centers.

The development of next-generation implant materials, including bioresorbable and antimicrobial coatings, promises to improve post-surgical outcomes and reduce infection rates. Furthermore, 3D printing is enabling personalized implants that fit better and last longer, particularly beneficial for younger patients and those with complex anatomies.

Emerging markets will play a pivotal role in shaping the market’s future. As healthcare access improves, the demand for affordable and scalable joint replacement solutions will surge, creating new avenues for growth and investment.

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股関節および膝関節置換術の市場規模 | Marktanteil von Hüft- und Knieersatz | Analyse du marché des prothèses de hanche et de genou | 고관절 및 무릎 교체 시장 분석 | 髋关节和膝关节置换市场概况| Tendencias del mercado de reemplazo de cadera y rodilla

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