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Australia Hip & Knee Implants Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2030

Australia Hip & Knee Implants Market: By Procedure Type (Primary Implant, Partial/Unicompartmental implant and Revision implant); Material (Metal, Ceramic and Polyethylene); End User (Hospitals, Specialized Orthopedic Clinics and Others); Sales Channel (Direct Channel, Distribution Channel and Others)—Industry Dynamics, Market Size, Opportunity, and Forecast for 2023–2030

  • Published Date: 27-Jan-2023  |   Format: pdfpowerpointexcel  |  Report ID: AA0123354  | Delivery: 2 to 4 Hours

FREQUENTLY ASKED QUESTIONS

The Australia Hip and Knee Implant Market was valued at US$ 552.0 million in 2022 and is expected to reach US$ 1,315 million by 2030.

The Australia Hip and Knee Implant Market is estimated to grow at a CAGR of 11.46% during the forecast period 2023-2030.

The factors driving the growth of the market are the increasing aging populace and the rising prevalence of osteoarthritis in Australia.

Defects associated with hip and knee implants may restrain the growth of the hip and knee implant market in Australia.

The Australia Hip and Knee Implants Market is segmented by procedure type, material, end user, and sales channel. 

Affordable healthcare and favourable reimbursement policies is providing growth opportunity to the market. 

Procedure type segment holds the largest share during the forecast period.

Primary implant holds the largest share in 2022 and is expected to grow with the highest CAGR during the forecast period 2023 – 2030. 

Zimmer Biomet, Stryker Corporation, Smith & Nephew, and B. Braun Melsungen among all the others are the key players

COVID-19 has a negative impact on the market due to patients' ability to schedule joint replacement surgeries.

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