Hip and Knee Replacement Market

South East Asia Hip and Knee Replacement Market By Types (Hip Systems, Partial Hip Systems, Revision Hip Systems, Total Knee Systems, Partial Knee Systems, and Revision Knee Systems), By End-user (Hospitals & Ambulatory Surgical Centers, Orthopedic Clinics, and Others), and Country (Thailand, Malaysia, Singapore, Indonesia, Philippines, Vietnam, Hongkong, and Rest of SEA)

  • Report ID: HC-3838
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 149
  • Format:
  • Pub. Date: 12-11-2021
  • Share:

Market Outlook:

The South East Asia Hip and Knee Replacement Market was estimated at USD 338.5 million in 2020 and is anticipated to reach USD 466.8 million by 2028, expanding at a CAGR of 4.2% during the forecast period. Hip and knee replacement surgeries are becoming popular and effective around the world. The main symptom of hip and knee replacement or joint replacement operation is osteoarthritis, due to reduced function and quality of life. The hip is one of the major joints in the body. The damaged bone and cartilage are removed and replaced with prosthetic components during hip replacement, also known as hip arthroplasty. Knee replacement surgery is also called knee arthroplasty, and it repairs and replace function in severely diseased knee joints.

Hip and Knee Replacement Market by outlook

Scope of the Report  

The report on the South East Asia Hip and Knee Replacement Market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Hip and Knee Replacement Market – South East Asia Industry Analysis, Size, Share, Growth, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

By Types (Hip Systems, Partial Hip Systems, Revision Hip Systems, Total Knee Systems, Partial Knee Systems, And Revision Knee Systems), By End-User (Hospitals & Ambulatory Surgical Centers, Orthopedic Clinics, And Others)

Regional Scope

SEA Country (Thailand, Malaysia, Singapore, Indonesia, Philippines, Vietnam, Hongkong, and Rest of SEA)

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered

Stryker, Zimmer Biomet, Johnson & Johnson Services, Inc., Smith+Nephew, Exactech, Inc., MicroPort Scientific Corporation, B. Braun Melsungen AG, Conformis, Inc., Integra LifeSciences Corporation, and Arthrex, Inc.

 

Macro-economic Factors

Technological Innovations

Technological advancements include the development of safe and effective hip implants with new technology. Advancements in innovative robotic technology have made implants cost-effective. Companies are focusing on investing in technologically advanced products and product development. These factors are expected to boost technological innovations in the market.

Coronavirus

The global Hip and Knee Replacement Market was negatively impacted by the covid-19, owing to the disturbance in the supply chain and limitations in the cross broader transaction. Globally, governments imposed social distancing, remote working, and economic shutdowns, all of which had a negative impact on the hip & knee implants market. A large number of cases were canceled due to the COVID-19 outbreak, which results in economic losses for healthcare organizations and had a substantial impact on patients. The rising number of COVID-19 cases caused disruptions in the demand for hip and knee replacements. The increasing elderly population, as well as the rising prevalence of osteoarthritis and rheumatoid arthritis in the elderly population, are projected to fuel the market after recovering from the pandemic situation.

Market Dynamics

Market Driver- Growing number of partial replacement surgeries globally

Partial replacement surgeries eliminate damaged tissue and bone in the hip and knee joint. A surgical procedure that replaces only one part of a damaged knee is known as partial knee replacement surgery. A partial hip replacement procedure aids those patients whose hip joints have not been severely injured and the physician only needs to replace the ball of the hip joint with a prosthetic insert. Increasing number of surgeries, due to rising arthritis and osteoarthritis cases among people, is expected to boost partial replacement surgeries.

Market Driver- Increase in prevalence of osteoarthritis & increasing cases of orthopedic injury

Osteoarthritis (OA) is the most prevalent musculoskeletal disorder among the elderly, and women are more likely to be affected by OA than men. Osteoarthritis (OA) of the hip and knee affects 242 million people across the world, reported by WHO.

Osteoarthritis (OA) is a chronic disease that causes the bones to rub together and causes stiffness, pain, and cartilage in joints to deteriorate, & impaired movement. These injuries contain fractures, dislocations, and breaks. Increasing prevalence of osteoarthritis in the coming decades, mainly in emerging countries. These factors are anticipated to drive the market in the coming years.

Market Restraint- Product recall due to mechanical complications

Dislocation arises when the ball of the hip moves from the hip socket. This occurs in less than 2% of patients after surgery. Besides, after sometime the hip replacement components begin to wear or loosen. This is a long-term complication of total hip replacement that arises in some patients. Then company recalled hip implants products. For instance, DePuy discontinued the products, as a large number of patients required a second hip replacement after the company's implants failed. These factors have an adverse impact on the market.

Market Opportunity- Growing adoption of robot-assisted innovative surgeries

Knee replacement surgery is now more effective with robot-assisted technology, due to medical technology advancements, there are new options for knee replacement surgery. Robot-assisted knee replacement technology aids both the orthopedic surgeon and the patient. It allows for effective and time-saving surgery and reduces pain and blood loss. Robot-assisted surgery is stimulating development in hip and knee surgery. Which is expected to create immense opportunities for the key players in the market.

Segmental Outlook

Based on types, the market is segmented into total hip systems, partial hip systems, revision hip systems, total knee systems, partial knee systems, and revision knee systems.

The total knee systems segment accounts for a substantial share of the market and is expected to expand at a significant CAGR during the forecast period, due to total knee arthroplasty is an effective treatment for severe osteoarthritis. For most people, knee replacement naturally leads to less pain, advanced quality of life, and improved mobility. Total knee arthroplasty (TKA) is one of the most money-making procedures.

Hip and Knee Replacement Market by type

Based on end-users, the market is fragmented into hospitals & ambulatory surgical centers, orthopedic clinics, and others. The others segment is further split into orthopedics surgery centers, rehabilitation centers, research institutes, and academic institutes.

The orthopedic clinic segment is expected to hold a significant share of the market, owing to the increasing number of private orthopedic clinics. Orthopedics is a medical specialty that focuses on the treatment of the musculoskeletal system, which is expected to propel the segment in the forecast periods.

Hip and Knee Replacement Market by end users

Regional Outlook

Based on country, the market is separated into namely, Thailand, Malaysia, Singapore, Indonesia, Philippines, Vietnam, Hongkong, and Rest of SEA. The market in the Philippines held a significant share of the market during the forecast period, as the growing number of elderly people in the Philippines, is expected to boost the market in the Philippines.

The market in Vietnam is expected to grow at a substantial pace during the forecast period, due to rising prevalence of osteoarthritis in Vietnam, it’s about one-third of men and women in Vietnam have osteoarthritis of the knee, which is anticipated to fuel the knee replacement market in Vietnam.

The incidence of diabetes in Cambodia (percentage of the population aged 20 to 79) was 7.3% in 2021, up from 6.4% in 2019. Factors such as the growing aging population, rising prevalence of diabetes, and the country's economy are projected to boost the market in the Rest of SEA.

Hip and Knee Replacement Market by regions

Key Benefits for Industry Participants & Stakeholders

  • In-depth Analysis of the South East Asia Hip and Knee Replacement Market
  • Historical, Current and Projected Market Size in terms of Value
  • Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
  • Industry Drivers, Restraints, and Opportunities Covered in the Study
  • Recent Industry Trends and Developments
  • Competitive Landscape & Strategies of Key Players
  • Neutral Perspective on South East Asia Hip and Knee Replacement Market Performance

Segments

Key Segments Covered

By Type

  • Total Hip Systems
  • Partial Hip Systems
  • Revision Hip Systems
  • Total Knee Systems
  • Partial Knee Systems
  • Revision Knee Systems
By End-user
  • Hospitals & Ambulatory Surgical Centers
  • Orthopedic Clinics
  • Others (Orthopedics Surgery Centers, Rehabilitation Centers, Research Institutes, & Academic Institutes)
By Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
Key Market Players Profiled in the Report
  • Stryker
  • Zimmer Biomet
  • Johnson & Johnson Services, Inc.
  • Smith+Nephew
  • Exactech, Inc.
  • MicroPort Scientific Corporation
  • B. Braun Melsungen AG
  • Conformis, Inc.
  • Integra LifeSciences Corporation
  • Arthrex, Inc.

Competitive Landscape

  • Manufacturers operating in the global Hip and Knee Replacement Market include Stryker, Zimmer Biomet, Johnson & Johnson Services, Inc., Smith+Nephew, Exactech, Inc., MicroPort Scientific Corporation, B. Braun Melsungen AG, Conformis, Inc., Integra LifeSciences Corporation, and Arthrex, Inc.
  • Market Players are pursuing key strategies such as acquisitions, collaborations, and geographic expansion where a potential opportunity arises for the Hip and Knee Replacement market.
Hip and Knee Replacement Market by key players
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hip and Knee Replacement Market Overview
   4.1 Introduction
      4.1.1 Market Taxonomy
      4.1.2 Market Definition
      4.1.3 Macro-Economic Factors Impacting the Market Growth
   4.2 Hip and Knee Replacement Market Dynamics
      4.2.1 Market Drivers
      4.2.2 Market Restraints
      4.2.3 Market Opportunity
   4.3 Hip and Knee Replacement Market - Supply Chain Analysis
      4.3.1 List of Key Suppliers
      4.3.2 List of Key Distributors
      4.3.3 List of Key Consumers
   4.4 Key Forces Shaping the Hip and Knee Replacement Market
      4.4.1 Bargaining Power of Suppliers
      4.4.2 Bargaining Power of Buyers
      4.4.3 Threat of Substitution
      4.4.4 Threat of New Entrants
      4.4.5 Competitive Rivalry
   4.5 South East Asia (SEA) Hip and Knee Replacement Market Size & Forecast, 2018-2028
      4.5.1 Hip and Knee Replacement Market Size and Y-o-Y Growth
      4.5.2 Hip and Knee Replacement Market Absolute $ Opportunity
   4.6 Pricing Analysis & Forecast, By Type, 2018-2028
   4.7 South East Asia (SEA) Hip and Knee Replacement Market: Impact Of Key Regulations
   4.8 Reimbursement Outlook
   4.9 Pipeline Analysis
   4.10 Competitor Activity
   4.11 Value Chain Analysis
Chapter 5 South East Asia (SEA) Hip and Knee Replacement Market Analysis and Forecast By Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities By Type
      5.1.2 Basis Point Share (BPS) Analysis By Type
      5.1.3 Absolute $ Opportunity Assessment By Type
   5.2 Hip and Knee Replacement Market Size Forecast By Type
      5.2.1 Total Hip Systems
      5.2.2 Partial Hip Systems
      5.2.3 Revision Hip Systems
      5.2.4 Total Knee Systems
      5.2.5 Partial Knee Systems
      5.2.6 Revision Knee Systems
   5.3 Market Attractiveness Analysis By Type
Chapter 6 South East Asia (SEA) Hip and Knee Replacement Market Analysis and Forecast By End-user
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities By End-user
      6.1.2 Basis Point Share (BPS) Analysis By End-user
      6.1.3 Absolute $ Opportunity Assessment By End-user
   6.2 Hip and Knee Replacement Market Size Forecast By End-user
      6.2.1 Hospitals & Ambulatory Surgical Centers
      6.2.2 Orthopedic Clinics
      6.2.3 Others
   6.3 Market Attractiveness Analysis By End-user

Chapter 7 Coronavirus Disease (COVID-19) Impact
   7.1 Introduction
   7.2 Current & Future Impact Analysis
   7.3 Economic Impact Analysis
   7.4 Government Policies
   7.5 Investment Scenario
Chapter 8 South East Asia (SEA) Hip and Knee Replacement Analysis and Forecast
   8.1 Introduction
   8.2 South East Asia (SEA) Hip and Knee Replacement Market Size Forecast by Country
      8.2.1 Thailand
         8.2.1.1 By Type
         8.2.1.2 By End-user
      8.2.2 Malaysia
         8.2.2.1 By Type
         8.2.2.2 By End-user
      8.2.3 Singapore
         8.2.3.1 By Type
         8.2.3.2 By End-user
      8.2.4 Indonesia
         8.2.4.1 By Type
         8.2.4.2 By End-user
      8.2.5 Philippines
         8.2.5.1 By Type
         8.2.5.2 By End-user
      8.2.6 Vietnam
         8.2.6.1 By Type
         8.2.6.2 By End-user
      8.2.7 Hongkong
         8.2.7.1 By Type
         8.2.7.2 By End-user
      8.2.8 Rest of South East Asia (SEA)
         8.2.8.1 By Type
         8.2.8.2 By End-user
   8.3 Basis Point Share (BPS) Analysis by Country
   8.4 Absolute $ Opportunity Assessment by Country
   8.5 Market Attractiveness Analysis by Country
Chapter 9 Competition Landscape
   9.1 Hip and Knee Replacement Market: Competitive Dashboard
   9.2 South East Asia (SEA) Hip and Knee Replacement Market: Market Share Analysis, 2020
   9.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
      9.3.1 Stryker
      9.3.2 Zimmer Biomet
      9.3.3 Johnson & Johnson Services, Inc.
      9.3.4 Smith+Nephew
      9.3.5 Exactech, Inc.
      9.3.6 MicroPort Scientific Corporation
      9.3.7 B. Braun Melsungen AG
      9.3.8 Conformis, Inc.
      9.3.9 Integra LifeSciences Corporation
      9.3.10 Arthrex, Inc.

Key Segments Covered

By Type

  • Total Hip Systems
  • Partial Hip Systems
  • Revision Hip Systems
  • Total Knee Systems
  • Partial Knee Systems
  • Revision Knee Systems
By End-user
  • Hospitals & Ambulatory Surgical Centers
  • Orthopedic Clinics
  • Others (Orthopedics Surgery Centers, Rehabilitation Centers, Research Institutes, & Academic Institutes)
By Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
Key Market Players Profiled in the Report
  • Stryker
  • Zimmer Biomet
  • Johnson & Johnson Services, Inc.
  • Smith+Nephew
  • Exactech, Inc.
  • MicroPort Scientific Corporation
  • B. Braun Melsungen AG
  • Conformis, Inc.
  • Integra LifeSciences Corporation
  • Arthrex, Inc.
  • Manufacturers operating in the global Hip and Knee Replacement Market include Stryker, Zimmer Biomet, Johnson & Johnson Services, Inc., Smith+Nephew, Exactech, Inc., MicroPort Scientific Corporation, B. Braun Melsungen AG, Conformis, Inc., Integra LifeSciences Corporation, and Arthrex, Inc.
  • Market Players are pursuing key strategies such as acquisitions, collaborations, and geographic expansion where a potential opportunity arises for the Hip and Knee Replacement market.
Hip and Knee Replacement Market by key players

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FAQ Section

Some frequently asked quetions about this report!

Additional company profiles can be provided on request

According to this Growth Market Reports report, the Hip and Knee Replacement Market is likely to register a CAGR of 4.2% during the forecast period 2020-2028, with a projected valuation of USD 466.8 million by the end of 2028.

In addition to market size (in US$ Million), Company Market Share (in % for the base year 2020), pricing analysis, the impact of key regulations, reimbursement outlook, pipeline analysis, competitor activity, and value chain analysis.

Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.

Increased prevalence of partial replacement surgeries, growing elderly population, rising prevalence of osteoarthritis & growing cases of orthopedic injury, and increased occurrence of obesity rates are the factors anticipated to drive the market growth during the forecast period.

The global Hip and Knee Replacement Market was negatively impacted by the covid-19, owing to the disruption in the supply chain and a large number of cases of hip & knee replacement were canceled due to the COVID-19 outbreak, which results in economic losses for healthcare organizations and had a substantial impact on patients.

Hospitals & Ambulatory Surgical Centers, and Orthopedic Clinics are the major end-users of Hip and Knee Replacement market.

The base year considered for the South East Asia Hip and Knee Replacement Market report is 2020. The complete analysis period is 2018 to 2028, wherein, 2018, and 2019 are the historic years, and the forecast is provided from 2021 to 2028.

Factors such as disposable income, economic impact, technological innovations, healthcare infrastructure, government & regulatory policies, and medical device industry are analyzed in the final report.

Major manufacturers include Stryker, Zimmer Biomet, Johnson & Johnson Services, Inc., Smith+Nephew, Exactech, Inc.