China’s artificial hip and knee joints market to hit $1.01b by 2030

Thanks to a rising incidence of age-related joint disorders.

China’s artificial hip and knee joints market is projected to reach $1.01b by 2030 at a compound annual growth rate of 7.8%, said Research and Markets.

The sector’s expansion is attributed to the rising incidence of age-related joint disorders, such as osteoarthritis and osteoporosis.

“According to The World Bank Group data, the percentage of people aged 65 years and above in China has increased from 9.32% in 2013 to 14.27% in 2023,” the report said.

Another key driver is the implementation of centralised procurement policies, particularly through the Volume-Based Procurement initiative, which aims to reduce the cost of medical consumables by employing bidding and negotiation strategies.

In addition to these economic measures, minimally invasive procedures have seen notable demand among surgeons and patients, prompting increased investment in advanced surgical technologies.