As per MRFR analysis, the South Korea Total Hip and Knee Replacements Market Size was estimated at 540.75 (USD Million) in 2024.The South Korea Total Hip and Knee Replacements Market Industry is expected to grow from 562.75(USD Million) in 2025 to 1,368.3 (USD Million) by 2035. The South Korea Total Hip and Knee Replacements Market CAGR (growth rate) is expected to be around 8.412% during the forecast period (2025 - 2035)
Key South Korea Total Hip and Knee Replacements Market Trends Highlighted
The South Korea Total Hip and Knee Replacements Market is experiencing several significant trends driven by a growing aging population and an increasing prevalence of musculoskeletal disorders. As demographics shift, there is a rising demand for orthopedic surgeries, particularly hip and knee replacements, among individuals aged 65 and older. This trend is also fueled by lifestyle changes, such as an increase in obesity rates and sedentary behavior, which contribute to joint degeneration. In recent times, technological advancements play a crucial role, with innovations in surgical techniques, implant materials, and rehabilitation processes significantly improving patient outcomes and recovery times.
Furthermore, the South Korean government actively supports healthcare improvements, including initiatives to expand access to orthopedic surgery and rehabilitation services, which presents notable opportunities for healthcare providers and manufacturers in this market. The increase in investment in research and development by South Korean companies shows a commitment to enhancing the quality of implants and surgical procedures. Additionally, there is a growing interest in minimally invasive surgical options that reduce recovery times and hospital stays, making joint replacement surgeries more appealing to patients.
The rise of health awareness among the population and the growing acceptance of elective surgeries pave the way for more patients to consider joint replacements earlier.This shift in perspective allows for capturing opportunities related to preventive care and early intervention in musculoskeletal conditions. Overall, the South Korea Total Hip and Knee Replacements Market is set to evolve with advancements in technology, increased healthcare access, and a focus on patient-centered approaches, shaping the future landscape of orthopedic care in the region.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
South Korea Total Hip and Knee Replacements Market Drivers
Aging Population in South Korea
The aging population in South Korea is a significant driver of growth for the South Korea Total Hip and Knee Replacements Market Industry. According to the South Korean National Statistical Office, the proportion of the population aged 65 and older is projected to reach 24.1% by 2035, up from 15.7% in 2020. This demographic shift is crucial, as older adults are more susceptible to degenerative conditions that often require total hip and knee replacement surgeries.
The Ministry of Health and Welfare has reported an increase in joint-related ailments, particularly osteoarthritis, among seniors, underscoring the urgent need for these surgical interventions. With a higher life expectancy and increased severity of joint issues in the elderly, the demand for replacements is set to rise sharply, emphasizing the importance of this demographic trend in bolstering the South Korea Total Hip and Knee Replacements Market.As healthcare infrastructure improves, more elderly individuals are likely to seek surgical solutions for mobility issues, fostering market growth.
Advancements in Surgical Techniques and Technology
Technological advancements in medical devices and surgical techniques are pivotal in driving the South Korea Total Hip and Knee Replacements Market Industry. Innovations such as minimally invasive surgical approaches and robotic-assisted surgeries have significantly improved patient outcomes, shortening recovery times and reducing complications. Organizations like the Korean Orthopaedic Association have facilitated training programs for these advanced techniques, leading to increased adoption among surgeons.
Improvements in healthcare techniques and facilities increase the quality of service and attract patients looking for better surgical options. As the report from the Korean Ministry of Health states, hospitals utilizing modern technologies are receiving an influx of patients for joint surgeries, which is further accelerating the market growth in South Korea.
Rising Incidence of Obesity and Lifestyle-Related Diseases
The increasing prevalence of obesity and associated lifestyle-related diseases in South Korea is a notable driver for the South Korea Total Hip and Knee Replacements Market Industry. According to the Korean Centers for Disease Control and Prevention, the obesity rate among adults has increased from 30.6% in 2005 to 38.2% in 2020.
This surge in obesity correlates with a rise in conditions such as osteoarthritis, leading to a higher demand for hip and knee replacements.Government health campaigns aimed at combating obesity and promoting physical activity may also inadvertently highlight the need for surgical interventions for those already affected, thus contributing to market growth.
South Korea Total Hip and Knee Replacements Market Segment Insights
Total Hip and Knee Replacements Market Procedure Type Insights
The South Korea Total Hip and Knee Replacements Market encompasses a diverse range of procedure types reflecting the complexity and demand for orthopedic solutions within the region. The procedure types are categorized into Total Hip Replacement, Partial Hip Replacement, Revision Hip Replacement, Total Knee Replacement, Partial Knee Replacement, and Revision Knee Replacement. Each procedure serves distinct needs based on the severity of joint damage and patient health conditions.
Total Hip Replacement is often crucial for patients with severe arthritis or joint deterioration, providing significant relief and improved mobility. In contrast, Partial Hip Replacement and Revision Hip Replacement cater to patients with less extensive joint damage or those requiring follow-up surgeries due to prosthetic failures or complications, respectively, thereby emphasizing the importance of individualized treatment plans in orthopedic care.
Total Knee Replacement procedures, similarly, are performed for a wide range of patients, often leading to substantial improvements in quality of life. The growth of health awareness in South Korea has contributed significantly to the rising number of Total Knee Replacement surgeries. These procedures are complemented by Partial Knee Replacement options, which target specific areas of the knee joint, thus preserving more of the natural bone and tissue.
Furthermore, Revision Knee Replacement solutions are an essential part of the market, addressing challenges presented by earlier implants that may not have succeeded, hence highlighting the need for ongoing innovation and quality control within orthopedic device technologies.
The overall trend in the South Korea Total Hip and Knee Replacements Market points toward an increasing preference for minimallyinvasive techniques and the use of advanced materials and technologies. This shift is driven by patient expectations for quicker recovery times and less postoperative pain, reflecting a broader trend in the healthcare market towards patient-centered care.
The growing elderly population in South Korea is another key driver of the market, as age-related conditions such as arthritis are more prevalent among older adults, resulting in greater demand for these surgical interventions. Consequently, the insights gathered from the various procedure types within the South Korea Total Hip and Knee Replacements Market reveal a robust and dynamic landscape, with evolving patient needs, varying degrees of procedure complexity, and ongoing advancements in medical technology.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Total Hip and Knee Replacements Market Implant Type Insights
The Implant Type segment of the South Korea Total Hip and Knee Replacements Market is a critical aspect of the overall market dynamics. This segment is primarily divided into Mobile Bearing, Fixed Bearing, and Other implants, each playing a significant role in surgical outcomes and patient satisfaction. Mobile Bearing implants are recognized for their enhanced range of motion and reduced wear rates, making them a popular choice among surgeons and patients alike. The Fixed Bearing types are traditionally used and continue to hold a substantial position due to their stability and well-established performance history.
Additionally, the 'Others' category encompasses various innovative designs and specialized implants, catering to unique patient needs and aligning with advances in orthopedic technology. As the South Korean population ages and the prevalence of joint-related issues increases, the demand for hip and knee replacement surgeries continues to rise. Factors like increasing healthcare expenditure, advancements in surgical techniques, and greater awareness about implant options contribute to the growth of this segment. Overall, the Implant Type division significantly influences the performance and revenue landscape of the South Korea Total Hip and Knee Replacements Market.
Total Hip and Knee Replacements Market End User Insights
The ser segment of the South Korea Total Hip and Knee Replacements Market plays a crucial role in the overall healthcare ecosystem, with a variety of settings accommodating orthopedic procedures. Hospitals typically lead this segment due to their comprehensive infrastructure, 24/7 access to advanced medical technology, and skilled surgical teams, making them a primary destination for major surgeries. Ambulatory Surgical Centers are gaining traction owing to the rising demand for outpatient surgeries, offering convenience and reduced hospital stays, which appeal to both patients and healthcare providers.
Orthopedic Clinics, specializing in musculoskeletal issues, are also significant players, providing tailored services and rehabilitation support, fulfilling a vital need for ongoing patient care. Moreover, the 'Others' category encompasses various settings such as rehabilitation centers and specialty clinics, further diversifying the market landscape. This segmentation reflects the evolving preferences of patients for various healthcare delivery models in South Korea, driven by the increasing incidence of joint disorders, an aging population, and advancements in minimally invasive surgical techniques, contributing to the sustained growth of the South Korea Total Hip and Knee Replacements Market.
South Korea Total Hip and Knee Replacements Market Key Players and Competitive Insights
The South Korea Total Hip and Knee Replacements Market has been witnessing substantial growth owing to the increasing prevalence of orthopedic diseases, demographic shifts such as an aging population, and rising awareness about advanced surgical procedures among patients. This market also benefits from the growing healthcare expenditure and the rapid advancements in technology, including minimally invasive techniques, robotics, and improved implant materials.
Competitive dynamics within this market are characterized by the presence of both established multinational corporations and emerging local players, each endeavoring to capture market share through innovative product offerings, strategic partnerships, and effective marketing strategies. As key stakeholders adapt to evolving patient needs and preferences, the competitive landscape continues to be reshaped. When considering specific players in this ecosystem, Exactech has carved out a significant presence in the South Korea Total Hip and Knee Replacements Market, focusing on providing comprehensive solutions that combine quality and innovation.
The company’s strength lies in its ability to deliver highly specialized products tailored to meet the unique requirements of different patient populations. Exactech has established a strong distribution network that allows it to reach a wide array of healthcare institutions across South Korea, enhancing its overall market penetration. Additionally, the company's dedication to research and development has facilitated the introduction of cutting-edge implant technology and instrumentation, further solidifying its position within this competitive market.
Aesculap, another key participant in the South Korea Total Hip and Knee Replacements Market, brings to the table a diverse portfolio of products and solutions, including orthopedic implants and surgical instruments specifically designed for total hip and knee replacement procedures. The company is well-regarded for its focus on quality, safety, and innovation, which strengthens its appeal among healthcare providers and patients alike. In terms of market presence, Aesculap leverages strategic alliances and often engages in collaborations that enhance its operational capabilities and expand its footprint in the region.
The company’s commitment to excellence is reflected in its rigorous standards for manufacturing and continuous efforts in educating healthcare professionals about the benefits of its offerings. Aesculap has also explored opportunities for mergers and acquisitions, illustrating its ambition to consolidate its market position and ensure that it remains at the forefront of orthopedic advancements in South Korea.
Key Companies in the South Korea Total Hip and Knee Replacements Market Include
South Korea Total Hip and Knee Replacements Market Industry Developments
The South Korea Total Hip and Knee Replacements Market has recently seen significant developments, particularly with advancements in technology and surgical techniques that improve patient outcomes. Companies such as Exactech and Stryker are leading the way in innovative solutions tailored for the growing aging population, which is a major driver for joint replacement procedures. In September 2023, Medtronic announced new partnerships aimed at enhancing rehabilitation post-surgery with their digital solutions. There has been a notable increase in market valuation, with Zimmer Biomet reporting extensive sales growth in knee implant systems, reflecting a rising demand for these procedures.
Additionally, in May 2023, DePuy Synthes acquired a local startup specializing in robotics, which has the potential to revolutionize orthopedic surgery in South Korea. The market is witnessing a steady influx of investments from both domestic and international firms, which is enhancing competition and accelerating growth. Looking back, major partnerships were formed in early 2022, with Ottobock collaborating with leading hospitals in Seoul to streamline patient care pathways. Overall, the South Korean market demonstrates a robust trajectory influenced by technology, partnerships, and a growing patient demographic seeking knee and hip replacements.
South Korea Total Hip and Knee Replacements Market Segmentation Insights
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2023 | 540.75(USD Million) |
| MARKET SIZE 2024 | 562.75(USD Million) |
| MARKET SIZE 2035 | 1368.3(USD Million) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 8.412% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Million |
| KEY COMPANIES PROFILED | Exactech, Aesculap, Smith & Nephew, Mako Surgical, Conformis, Zimmer Biomet, Seing, SurgiMend, B. Braun, Stryker, Medtronic, Ottobock, DePuy Synthes, Lima Corporate |
| SEGMENTS COVERED | Procedure Type, Implant Type, End User |
| KEY MARKET OPPORTUNITIES | Aging population demand, Increasing obesity rates, Advanced surgical technologies, Growth in sports injuries, Rising healthcare expenditure |
| KEY MARKET DYNAMICS | Aging population, Rising prevalence of osteoarthritis, Advancements in surgical techniques, Increasing healthcare expenditure, Growing demand for minimally invasive procedures |
| COUNTRIES COVERED | South Korea |
Frequently Asked Questions (FAQ) :
The South Korea Total Hip and Knee Replacements Market is expected to be valued at 562.75 million USD in 2024.
By 2035, the South Korea Total Hip and Knee Replacements Market is anticipated to reach a value of 1368.3 million USD.
The market is expected to grow at a CAGR of 8.412% from 2025 to 2035.
The primary procedure types include Total Hip Replacement, Partial Hip Replacement, Revision Hip Replacement, Total Knee Replacement, and Partial Knee Replacement.
Total Knee Replacement is expected to be valued at 425.0 million USD by 2035, making it a dominant segment within the market.
Key players include Exactech, Aesculap, Smith & Nephew, Mako Surgical, Conformis, Zimmer Biomet, Stryker, and DePuy Synthes among others.
The market value for Total Hip Replacement is estimated at 125.0 million USD in 2024.
The market for Partial Knee Replacement is expected to grow to 351.3 million USD by 2035.
Factors driving growth include an aging population, increased prevalence of orthopedic conditions, and advancements in medical technology.
Challenges include regulatory hurdles, rising healthcare costs, and competition among key players in the market.
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Assistant Manager He holds an experience of about 7+ years in market research and business consulting, working under the spectrum of life sciences and healthcare domains. rahul conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. his expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc. in addition to the above, his other responsibility includes strategic tracking of high growth markets & advising clients on the potential areas of focus they could direct their business initiatives
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