The total global large joints market is growing at a rate of 4.8%, which will take the 2021 market value of $19 billion up to $26 billion by 2028. One of the emerging trends in the large joint market is that the share of hip replacement is increasing, while knee replacement will lose some share.
The overall Australian large joint devices market was valued at $639.8 million in 2017. This is expected to increase over the forecast period, at a CAGR of 1.8%, to reach $726.3 million by 2024. The Australian large joints replacement market is at the mature stage and is characterized by high level of commoditization. As the
The total global hip replacement market is growing at a rate of 5.3%, which will take the 2021 market value of $8.7 billion up to $12.5 billion by 2028. One of the key trends within the market is the shift toward using cementless implants, and the cemented total hip replacement procedures are losing market share.
The full report suite on the U.S. market for orthopedic large joint devices includes knee reconstruction devices, hip reconstruction devices and associated accessories such as knee cutting blocks and bone cement. The report also includes a market overview for the new emerging technologies such as robotic-assisted surgery and intelligent instrumentation.