Joint Replacement Devices Market Size & Growth Drivers 2031

The joint replacement devices market size is projected to reach US$ 34.53 billion by 2031 from US$ 24.07 billion in 2024. The market is expected to register a CAGR of 5.4% during 2025–2031.

Joint Replacement Devices Market Analysis

The market growth is driven by the demographic shifts toward an aging population, increasing prevalence of obesity-linked osteoarthritis, and rapid technological advancements in surgical precision and implant design. Surge in robotic-assisted and AI-integrated procedures, and penetration into low- and middle-income countries are expected to create ample market opportunities.

Joint Replacement Devices Market Overview

The market focuses on orthopedic implants used to restore mobility and relieve pain in patients with severely damaged joints resulting from osteoarthritis, rheumatoid arthritis, trauma, or other degenerative conditions. The market comprises implants for hip, knee, shoulder, and any other joint replacement, as well as associated fixation components and surgical instruments. Joint replacement devices are in high demand because of the elderly population, the increasing rate of obesity, the rising number of sports injuries, and the preference for an improved standard of living.

Technological innovations include sophisticated biomaterials and minimally invasive robotic surgeries.

Joint Replacement Devices Market: Strategic Insights

Joint Replacement Devices Market Drivers and Opportunities

Market Drivers:

• Demographic Shifts Toward an Aging Population:
  An aging population is more susceptible to osteoarthritis, which leads to a sustained demand for hip and knee replacement surgeries. This demand has stimulated the innovation of geriatric-focused and durable implants.
• Increasing Prevalence of Obesity-Linked Osteoarthritis:
  Obesity accelerates joint degeneration regardless of age, increasing the number of patients requiring joint replacement surgery. As a result, the demand for reinforced, high-load implants that maintain functionality despite greater surgical complexity has been rising.
• Rapid Technological Advancements in Surgical Precision and Implant Design:
  The improvements in robotics, AI, and navigation have significantly enhanced surgical precision, personalization, and outcomes. At the same time, complications and recovery time are reduced, accelerating adoption and shaping innovation‍​‍‌​‍​‌.

Market Opportunities:

• Surge in Robotic-Assisted and AI-Integrated Procedures:
  Robotic and AI-powered joint replacements enhance surgical precision, minimize complications, expand patient eligibility, and increase procedural volumes. As a result, they drive demand for advanced, data-driven implants and accelerate the global adoption of premium technology.
• Expansion of Outpatient and Ambulatory Surgery Models:
  The growth of outpatient and ambulatory joint replacement reduces costs and hospital stays, thereby increasing procedural volumes and driving demand for portable, modular, and fast-recovery-focused implants and surgical systems.
• Penetration into Low- and Middle-Income Countries (LMICs):
  Providing affordable, locally adapted implants and building capacity in LMICs not only addresses unmet orthopedic needs but also improves mobility, productivity, and healthcare equity.

Joint Replacement Devices Market Report Segmentation Analysis

The joint replacement devices market is divided into different segments to give a clearer view of how it works, its growth potential, and the latest trends. Below is the standard segmentation approach used in most industry reports:

By Type:

• Knee: The knee replacement segment leads the market due to high osteoarthritis prevalence, aging populations, obesity trends, and the widespread adoption of advanced implants and robotic-assisted surgical techniques. ​‍​‌‍​‍‌​‍​‌‍​‍‌
• Hip: The hip replacement segment is mainly influenced by fractures, degenerative joint diseases, aging demographics, and continuous advancements in implant materials that improve durability, stability, and long-term patient outcomes.
• Shoulder: The shoulder replacement segment is influenced by an increasing number of sports injuries, rotator cuff disorders, trauma cases, and the growing use among active elderly populations seeking pain relief and mobility restoration.
• Ankle: Ankle replacement is a smaller but gradually expanding segment, driven by improved implant designs, advanced surgical techniques, and a growing preference for joint preservation over fusion to maintain mobility.
• Others: Other joint replacements, such as elbow and wrist, contribute limited revenue but show gradual growth, primarily driven by rising trauma cases, the prevalence of rheumatoid arthritis, and surgeons’ growing familiarity with specialized implants.

By End User:

• Hospitals
• Orthopedic Clinics
• Ambulatory Surgical Centers
• Others

Each end user in the market has distinct handling, safety, and regulatory needs, shaping equipment selection and operational protocols.

By Geography:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

The joint replacement devices market in Asia Pacific is expected to witness the fastest growth. The increasing prevalence of osteoarthritis and other joint-related disorders—which significantly raises the demand for joint replacement surgeries—is likely to drive the market.

Joint Replacement Devices Market Regional Insights

The regional trends and factors influencing the Joint Replacement Devices Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses Joint Replacement Devices Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Joint Replacement Devices Market Report Scope

Joint Replacement Devices Market Players Density: Understanding Its Impact on Business Dynamics

The Joint Replacement Devices Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Joint Replacement Devices Market Share Analysis by Geography

Asia Pacific is expected to grow at the fastest rate during the forecast period. Emerging markets in Latin America, the Middle East, and Africa also have many untapped opportunities for joint replacement device providers to expand.

The joint replacement devices market grows differently across regions, as economic growth and rising healthcare expenditure have improved the affordability of joint replacement procedures. Below is a summary of market share and trends by region:

1. North America

• Market Share: Holds a significant portion of the global market
• Key Drivers:
  • The well-established reimbursement systems, advanced healthcare infrastructure, high volume of procedures, and rapid adoption of robotic and AI-assisted joint replacement technologies.
• Trends: Rapid adoption of robotic-assisted surgery, and a shift toward outpatient joint replacements

2. Europe

• Market Share: Substantial share due to early adoption of joint replacement devices
• Key Drivers:
  • Factors driving the market include the aging population, universal healthcare coverage, the increasing prevalence of osteoarthritis, and a growing focus on value-based orthopedic care.
• Trends: Growth in minimally invasive procedures, emphasis on cost-effective implants

3. Asia Pacific

• Market Share: Fastest-growing region with rising market share every year
• Key Drivers:
  • Rapid expansion fueled by large patient populations, increasing life expectancy, healthcare access improvement, medical tourism growth, and rising affordability of joint replacement procedures.
• Trends: Increasing penetration of affordable implants, expansion of private hospitals

4. South and Central America

• Market Share: Steadily progressing market share
• Key Drivers:
  • The market is supported by improvements in healthcare infrastructure, increased awareness of orthopedic treatments, a rise in trauma cases, and the gradual development of private healthcare systems.
• Trends: Gradual shift toward minimally invasive joint replacement, increasing private-sector participation

5. Middle East and Africa

• Market Share: Small market share, growing at a rapid pace
• Key Drivers:
  • The rising investments in healthcare infrastructure, increasing prevalence of joint disorders, expansion of medical tourism, and gradual adoption of advanced orthopedic ​‍​‌‍​‍‌​‍​‌‍​‍‌technologies.
• Trends: Expansion of specialized orthopedic centers, growing medical tourism, and increased public-private partnerships

Joint Replacement Devices Market Players Density: Understanding Its Impact on Business Dynamics

High Market Density and Competition

Competition is strong due to the presence of established players, such as Stryker Corp, Smith & Nephew Plc, Medtronic Plc, and Conmed Corp, which are also adding to the competitive landscape.

This high level of competition urges companies to stand out by offering:

• Advanced security features
• Value-added services such as analytics and predictive maintenance, real‑time operational analytics, and installation
• Competitive pricing models
• Strong customer support and easy integration

Opportunities and Strategic Moves

• Market growth through 2031 is largely driven by an aging population and increasing demand for primary joint replacements, especially knees. Technological advancements—such as robotic‑assisted surgery, AI-enabled planning, minimally invasive techniques, and patient‑specific solutions like 3D‑printed and cementless implants—are improving precision and outcomes, leading to faster recovery and accelerating global adoption.
• Partnerships and investments accelerate innovation, such as Smith+Nephew’s collaboration with Healthcare Outcomes Performance Company for ASC solutions, Alkem MedTech’s deal with Exactech for hip and knee implants in India, and Andera Partners’ investment in Adler Ortho for 3D-printed orthopedic solutions.

Other companies analysed during the course of research:

1. Exactech, Inc.
2. Corin Group Plc
3. Arthrex, Inc.
4. NuVasive, Inc.
5. Integra LifeSciences Corporation
6. Medacta International SA
7. United Orthopedic Corporation
8. LimaCorporate S.p.A.
9. Meril Life Sciences Pvt Ltd
10. Alegra Orthopedics Inc.
11. ConforMIS, Inc.
12. Ampli­tude Ortho SAS
13. Corentec Co., Ltd.
14. Yuwell‑Jiangsu Yuyue Medical Equipment & Supply Co., Ltd.
15. Sanatmetal Ltd.
16. Baumer S.A.
17. NeoOrtho Pte Ltd.
18. Beznoska Company Ltd.
19. ORTHOBIO Co., Ltd.
20. XpandOrtho SpA

Joint Replacement Devices Market News and Recent Developments

• Johnson & Johnson Launches INHANCE INTACT: A Total Shoulder Replacement System Designed for Tissue-Sparing Surgery - In October 2025, Johnson & Johnson MedTech, a global leader in orthopaedic technologies, announced the US launch of INHANCE INTACT, a proprietary instrumentation system designed for subscapularis‑sparing total shoulder arthroplasty (TSA). The system enables surgeons to replace a damaged shoulder joint while preserving the subscapularis muscle, supporting improved surgical outcomes and recovery.
• Zimmer Biomet Announces FDA Breakthrough Designation for World's First Iodine-Treated Total Hip Replacement System - In October 2025, Zimmer Biomet Holdings, Inc. announced that the U.S. Food and Drug Administration (FDA) has granted Breakthrough Device Designation for the company's first-to-world iodine-treated total hip replacement system. This is the first product in Zimmer Biomet's history to receive this designation.
• Zimmer Biomet Announces Japan PMDA Approval of World's First Iodine-Treated Total Hip Replacement System - In September 2025, Zimmer Biomet Holdings, Inc. announced that Japan's Pharmaceutical and Medical Devices Agency (PMDA) has approved the iTaperloc Complete and iG7 Hip System, the world's first orthopedic implants with iodine technology designed to inhibit bacterial adhesion on the implant surface.

Joint Replacement Devices Market Report Coverage and Deliverables

The "Joint Replacement Devices Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:

• Joint Replacement Devices Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Joint Replacement Devices Market trends, as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed PEST and SWOT analysis
• Joint Replacement Devices Market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the Joint Replacement Devices Market
• Detailed company profiles