SmartTRAK discusses market trends, including future potential market disrupters.
The FY24E US Total Joints Market is expected to increase +4.3% YoY from FY23; compared to 2023, with growth of +8.0%, the US Total Joints Market is still performing above 2019 pre-COVID levels. SmartTRAK projects this trend will continue in 2025, with the market expected to increase +3.7% from FY24E. With the backlog of procedures from the pandemic appearing to be reduced, SmartTRAK looks at other trends to watch in 2025, including:
- Joint Replacement Procedures Continue Migrating to the ASC Setting
- In 2023, SmartTRAK estimated that approximately 10% of all US hip and knee replacement procedures were performed in an ambulatory surgery center (ASC) setting. This trend shows no signs of slowing down. Based on recent procedure trends data, SmartTRAK projects ... (read more)
- While procedure volumes at ASCs have risen, Medicare reimbursement rates continue to drop. SmartTRAK tracking of Medicare surgeon reimbursement shows ... (read more)
- Technology Trends: Streamlining, Personalization, Outcomes
- Technology trends carrying over from 2024 include streamlining, personalization and outcomes. Some of the new products launching in 2025 are ... (read more)
- Potentially Disruptive Orthobiologic Therapies Coming to Market
- New Orthobiologic injection therapies aim to better manage symptoms and modify disease progression in osteoarthritis (OA) patients. SmartTRAK feels this is ... (read more)
- Eight New Therapies on the Horizon That Could Impact Joint Replacement
Curious about the latest trends in the joint replacement market for 2025? Click below to read her comprehensive market outlook article "Joint Replacement Trends to Watch in 2025" by Lisa Mahan, SmartTRAK's VP of Product Development & IT, Sr. Analyst Total Joints.