December 5, 2023

Orthopaedic Joint Replacement Market Growth: Addressing Rising Musculoskeletal Conditions

As the world’s population ages, the pursuit of painless movement becomes a paramount goal. Joint functionality, when lost due to various conditions, has led to a surge in the demand for knee and hip prostheses, resulting in some of the most sought-after and successful surgical procedures today. The Orthopaedic Joint Replacement Market is flourishing, driven by a relentless focus on artificial joints designed to enhance the quality of life.

Artificial Joints Transform Lives

Total joint replacement, a surgical procedure involving the replacement of arthritic or damaged joint parts with metal, plastic, or ceramic devices called prostheses, has become a beacon of hope for those suffering from joint pain and disability. These prostheses are meticulously engineered to mimic the natural movement and kinematics of healthy joints, offering patients a chance at a more active, pain-free life.

Key Joint Replacements

The American Academy of Orthopaedic Surgeons reports that hip and thigh, as well as knee and lower leg replacements, are the most commonly performed joint replacements. However, the reach of replacement surgeries extends beyond these areas, encompassing joints like the foot and ankle, hand and wrist, shoulder, elbow, neck, and back. With rapid technological advancements and innovative surgical techniques such as robotic-assisted surgery, the safety and reliability of orthopaedic joint replacement procedures continue to improve. Custom implants and 3D-printed implants are expanding the possibilities further.

Remarkable Success Rates

Statistics paint a compelling picture of the success of joint replacement surgeries. According to the American Academy of Orthopedic Surgeons, 90% of people with replaced knees have reported significant reductions in pain. This improvement enables individuals to return to activities they once enjoyed, such as walking and golf. A study published in the Journal of Bone and Joint Surgery revealed that a significant proportion of the U.S. population undergoes joint replacements, with higher numbers among women. Importantly, over 90% of replaced knees are still functional after 15 years, and research from 2019 shows that 82% of total knee replacements remain functional even after 25 years.

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A Growing Market

The global Orthopaedic Joint Replacement Market is poised for substantial growth. Increasing diagnoses of musculoskeletal conditions and a high prevalence of osteoporosis fractures are driving the demand for orthopaedic procedures. The World Health Organization estimates that 20-33% of people worldwide live with painful musculoskeletal conditions. The International Osteoporosis Foundation highlights that millions of osteoporosis fractures occur, particularly in regions like Europe, the Americas, the Western Pacific, and Southeast Asia, offering ample opportunities for the orthopaedic joint replacement market to thrive.

Technological Advancements

Cutting-edge technology is playing a pivotal role in the expansion of the Orthopaedic Joint Replacement Market. Innovations such as autonomous surgical robots, 3D-printed surgical planning models and instruments, and augmented reality-assisted surgeries are revolutionizing orthopaedic interventions. Companies like Zebra Medical Vision and Globus Medical are leading the way in developing technologies that promise precision and safety, instilling confidence in patients.

Materials Matter

Advanced materials are enhancing acceptance in the global Orthopaedic Joint Replacement Market. Patient Specific Instrumentation (PSI) systems offered by manufacturers like Smith & Nephew, Wright Medical Technology, DePuy, Biomet, Medacta, and Zimmer are allowing for highly personalized surgical planning based on preoperative 3D imaging. These innovations, along with space-age biomaterials, are contributing to longer-lasting and more biocompatible implants, ultimately improving patients’ quality of life.

Regulations Ensure Quality

Stringent regulations and standards set by organizations like ISO/TC 150/SC 4 for bone and joint replacements, along with testing and accreditation companies like EndoLab and BSI, are ensuring the quality of orthopaedic joint replacement procedures. As per a study published in The Journal of Rheumatology, the number of total hip and knee arthroplasties is expected to rise significantly, further emphasizing the need for adherence to high standards.

Key Players

Prominent players in the global Orthopaedic Joint Replacement Market include Stryker, J&J (Orthopaedics), Zimmer Biomet, Smith & Nephew (Sports Medicine, Trauma, and Reconstruction), Medtronic (Spine Division), Colfax Corp., DJO Global, Wright Medical, Orthofix Medical, ConMed (Orthopaedic Surgery), DePuy Synthes, NuVasive, Globus Medical, Össur, Integra LifeSciences, and Wright Medical.

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The Orthopaedic Joint Replacement Market is on an upward trajectory, driven by innovation, precision, and a commitment to improving the lives of individuals suffering from joint-related ailments. As these technologies continue to advance, the future looks promising for those seeking a pain-free, active lifestyle.

Global Industry Analysis (2018 – 2021) – Growth Trends and Market Forecast (2022 – 2029)

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This press release first seen on Brilad