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The bone replacement market size is forecast to increase by USD 5.84 billion at a CAGR of 6.78% between 2023 and 2028. The market is experiencing significant growth due to the rising number of individuals diagnosed with osteoporosis and the subsequent increase in osteoporotic fractures. Elective surgeries for hip and knee replacements are on the rise, driven by the aging population and the resulting age-related osteoporosis. Infectious diseases, such as bone infections, pose a challenge to market growth. However, advancements in bone tissue engineering, including the use of bone morphogenic proteins, are expected to address the orthopedic needs of the aging population improve mobility, and alleviate chronic pain. The shortage of skilled orthopedic surgeons remains a concern, but technological advancements in minimally invasive procedures and robotic-assisted surgeries are helping to mitigate this challenge.
The market for missing bone gaps due to accidents, traumatic injuries, or damaged bones has witnessed significant growth in recent years. Bone transplantation, a common surgical intervention, involves replacing the damaged bone tissue with implants made of metal, ceramic, or plastic. Knee replacements and extremities replacements are among the most common types of bone replacement procedures. Osteoarthritis, a degenerative joint disease, and age-related osteoporosis are major orthopedic needs leading to an increase in the demand for bone replacement implants. Osteoporosis and osteoporotic fractures, characterized by low bone mass and mobility issues, also contribute to the market's growth. Non-operative treatments like injectable therapy using polymers are also gaining popularity for bone reconstruction.
Furthermore, chronic pain and orthopedic disorders are other factors driving the market's expansion. The geriatric population is a significant consumer base due to the higher prevalence of bone-related conditions in this age group.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The knee segment is estimated to witness significant growth during the forecast period. The market, particularly the knee segment, is experiencing significant demand due to the rising prevalence of knee disorders such as osteoarthritis and rheumatoid arthritis. Knee replacement surgery offers a long-term solution for patients suffering from severe knee joint pain, limited mobility, and inflammation. This segment's growth is driven by technological advancements and innovative products from leading companies, including Zimmer Biomet and Johnson & Johnson. Total knee replacement (TKR) is the most common type of knee replacement surgery, where the femur, tibia, and patella's under-surface are replaced with implants. Allografts, autografts, ceramics, and synthetic materials are used in bone grafting procedures, while bone morphogenetic proteins are employed to stimulate bone growth. These advancements and innovations are expected to further fuel the market's growth in the hip, knee, and extremities segments.
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The Knee segment was valued at USD 5.41 billion in 2018 and showed a gradual increase during the forecast period.
North America is estimated to contribute 36% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market encompasses the use of various materials, including allografts, autografts, ceramics, synthetic materials, and bone morphogenetic proteins, for the reconstruction and replacement of bone tissue in hip, knee, and extremity procedures. North America is currently the leading region in this market, driven by the high prevalence of arthritis, knee injuries, and hip diseases, as well as the increasing number of related surgeries. The US and Canada, in particular, are significant contributors due to their advanced healthcare infrastructure, growing adoption of advanced knee implants, and publicly funded healthcare systems, where government programs cover a substantial portion of medical expenses. The market in North America is expected to continue its dominance during the forecast period.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The rising number of people diagnosed with arthritis is the key driver of the market. Arthritis, a debilitating condition characterized by inflammation, pain, and stiffness of the joints, can lead to missing bones or gaps due to damaged cartilage or bone loss. This condition most frequently affects weight-bearing joints such as the hips and knees, often as a result of osteoarthritis or accidents. Surgical treatment, including bone transplantation and joint replacements, serves as an effective solution for restoring normal joint function. Knee replacements, a common surgical procedure, are used to alleviate pain and improve mobility in individuals with osteoarthritis of the knee. Extremities replacements, including hip replacements, offer similar benefits for those with damaged bones in other areas of the body.
Furthermore, the prevalence of arthritis is projected to rise in the coming years, with an estimated 54 million adults in the US currently diagnosed. Bone transplantation alternatives, such as advanced prosthetics and tissue engineering, are also under exploration to address the growing demand for effective treatments.
The increasing number of bone replacement surgeries performed in outpatient settings is the upcoming trend in the market. The market for bone replacement surgeries, including knee, hip, and extremities replacements, has experienced significant growth due to advancements in surgical techniques and technologies. These innovations, such as robotic surgeries and improved implants, have made it possible to perform bone replacement procedures as outpatient treatments. This shift towards outpatient care offers several advantages, including reduced hospital stays, improved outcomes, and a quicker recovery process. For individuals with missing bones or damaged bones due to accidents or osteoarthritis, bone replacement surgery is an effective solution. While bone transplantation is an alternative, outpatient bone replacement surgeries have become increasingly popular due to their numerous benefits.
Furthermore, the expertise of arthroplasty surgeons, comprehensive blood management, and multimodal pain management have made outpatient bone replacement surgeries a viable option for patients with no severe medical or psychiatric comorbidities. Overall, the advancements in surgical treatment for bone gaps have led to a rise in the number of outpatient bone replacement surgeries.
A shortage of skilled orthopedic surgeons is a key challenge affecting the market growth. The market encompasses surgical treatments for missing bones or gaps resulting from accidents or damaged bones. Bone transplantation is a common solution for such cases, and it is essential to have skilled orthopedic surgeons for its successful implementation. However, there is a growing shortage of orthopedic surgeons, particularly those with expertise in bone replacement surgeries. By 2025, the US is projected to experience a significant deficit in the supply of orthopedic surgeons relative to its demand. This shortage is particularly acute in the field of orthopedic surgery, where sub-specialization has led to a scarcity of surgeons with the necessary expertise.
Furthermore, knee replacements, hip replacements, and extremities replacements are common bone replacement procedures used to treat conditions such as osteoarthritis. Bone transplant alternatives, such as tissue engineering and 3D printing, are being explored to address the shortage of donor bones and reduce the reliance on human donors.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
B.Braun SE: The company offers bone replacement such as the Bicontact Universal Hip System.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market encompasses surgical treatments for missing bones or gaps caused by accidents, damaged bones due to osteoarthritis, knee injuries, hip replacements in the extremities, and bone transplantation alternatives. The market caters to various bone problems, including those resulting from road accidents, an aging population, and traumatic injuries. The sector offers bone grafting devices made of synthetic materials, ceramics, and polymers, as well as bone morphogenetic proteins for osteoconductive characteristics. The bone replacement sector addresses the orthopedic needs of the geriatric population, who are prone to age-related osteoporosis, osteoporotic fractures, and elective surgeries. It also targets those suffering from chronic pain, mobility issues, and infectious diseases.
Furthermore, the market includes bone grafts made of allografts, autografts, and biomaterials, as well as implants made of metal, ceramic, and plastic. Non-operative treatments and bone reconstruction using stem cell therapies, regenerative medicine, and tissue engineering are emerging trends in the bone replacement sector. The middle-class population and medical tourism are significant contributors to the market's growth. 3D printing technology and biological implants are also gaining popularity in the field.
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Market Scope |
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Report Coverage |
Details |
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Page number |
185 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.78% |
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Market growth 2024-2028 |
USD 5.83 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
6.23 |
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Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
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Performing market contribution |
North America at 36% |
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Key countries |
US, Germany, UK, China, and Japan |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
AK Medical Holding Ltd., Arthrex Inc., B.Braun SE, Baumer, Baxter International Inc., Beijing Chunlizhengda Medical Instruments Co. Ltd., Conformis Inc., DJO Global Inc., Exactech Inc., Globus Medical Inc., Heraeus Holding GmbH, Johnson and Johnson Services Inc., KYOCERA Corp., Medtronic Plc, Nuvasive Inc., Olympus Corp., Smith and Nephew plc, Stryker Corp., United Orthopedic Corp., and Zimmer Biomet Holdings Inc. |
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Market dynamics |
Parent market analysis, market growth inducers and obstacles, market forecast, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period |
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Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Material
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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