- Total Knee Replacement
- Partial Knee Replacement
- Revision Knee Replacement
Knee Replacement Market was valued at USD 6.6 billion in 2022 and is anticipated to grow at USD 8.1 billion till 2028 recording a CAGR of 4.2% during the forecast period 2023-2029. Knee Replacement is one of the most common replacement surgeries for joints which are undertaken by patients with knee-damaging diseases like post-traumatic, arthritis, and osteoarthritis/rheumatoid arthritis. Growing elderly patients and an increase in the number of surgeries undertaken are anticipated to grow the global knee replacement market. Various steps are included in implanting an artificial device and replacing the damaged knee. There are various types of implants made up of ceramic material, strong plastic parts, or metal alloys, Several factors like the rise in the prevalence of diseases like diabetes, osteoporosis, rheumatoid arthritis treatment, obesity, growing aging population increasing sports-related injuries, improving advanced technologies like minimally invasive surgeries and superior materials of implants are the factors driving the global knee replacement market. The high cost of the surgery, the rise in the number of OEMs, and the increase in awareness about non-surgical treatments like weight loss, exercises, walking aids, shoe inserts, and painkiller medicines are the factors restraining the growth of the global knee replacement market. Knee replacement is the most widely used procedure to treat knee arthritis pain. Advancements in the technologies of knee replacement like minimally invasive surgery, improvement in materials of implant, and rise in success rates of the procedures are allowing people to undergo knee replacement surgery. Technologies like printed knee implants manufactured by the company ConforMIS in the USA. For example, X3 Advanced Bearing Technology (in 2011) Mako Robotic-Arm Assisted Technology (in 2017), and Zimmer Biomet have launched Persona Medial Congruent Bearing
Knee Replacement Market Key Developments:
- In March 2016, designed to provide natural motion for the knee by increasing the stability of joints boosting the growth of the market. According to the U.S. Department of Health & Human Services, about 294,000 children below the age of 18 are suffering from various rheumatic conditions
- In U.S. In June 2017, Zimmer Biomet Holdings introduced an X-ray-based Patient-Specific Instrument, the X-PSI Knee System world's 1st CE Marked surgical planning system.
- In June 2014, DePuy Synthes introduced 2 new technologies for the ATTUNE Knee System Medialized Anatomic Patella and ATTUNE Rotating Platform
Global Knee Replacement Market Summary
Study Period
2024-2030
Base Year
2023
CAGR
4.2%
Largest Market
North America
Fastest Growing Market
Asia Pacific
Knee Replacement Market Dynamics
One of the primary causes anticipated to drive demand for bone procedures in the future is a rise in the prevalence of knee osteoarthritis around the world. The demand for knee implants is expected to rise in the coming years as the rate of diagnosis of knee arthritis among adults rises. According to the Osteoarthritis Research Society International (OARSI), global knee osteoarthritis is expected to reach 5% of the population by 2050, and this number is expected to climb as the population ages. During the projection period, the rapid increase in the ageing population and the rapidly expanding obesity epidemics are likely to fuel demand for knee replacement surgery. The annual incidence of knee osteoarthritis in the United States is highest between the ages of 55 and 64, according to the Arthritis Foundation. Implants made of precious metals and designed with superior technology are used in knee replacement treatments. Furthermore, the cost of these products is increased by the strict standards that govern their approval. The availability of these devices has been limited in developing countries with low healthcare spending and a scarcity of trained surgeons.
North-America Got Significant Share
Knee Replacement Market Regional Analysis
Knee replacement market is segmented as Latin America, Asia-Pacific, Europe, North America and The Middle East and Africa. North America is dominating in the global knee replacement market owing to the rise in geriatric population and increasing prevalence rate of arthritis and various joint. Asia-Pacific is anticipated to show significant growth due to the untapped opportunities, growing incorporation of implants in the orthopaedic procedures and increasing prevalence rate of arthritis and robust improvement in the healthcare infrastructure.
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
- The report covers in-detail insights about the competitor's overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments, and start-up details that are actively working in the market
- The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Global Knee Replacement Market Segmentation
By Procedure
By Bearing
- Fixed-bearing Implants
- Mobile-bearing Implants
By End User
- Hospitals
- Orthopaedic Clinics
- Ambulatory Surgical Centres
By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa (MEA)
Frequently Asked Questions
The knee replacement market size was valued at USD 6.6 billion in 2022
The knee replacement market key players are: Stryker (U.S.) Zimmer Inc., (U.S.) DePuy Synthes (U.S.) Aesculap Implants Systems, LLC (U.S.) Medacta (Switzerland) Exactech, Inc. (U.S.) CONMED (U.S.) MicroPort Orthopedics, Inc (U.S.) Kinamed, Inc.(U.S.) OMNIlife science Inc. (U.S.) ConforMIS (U.S.)
The knee replacement market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
| 1. Executive Summary |
| 2. Global Knee Replacement Market Introduction |
| 2.1.Global Knee Replacement Market - Taxonomy |
| 2.2.Global Knee Replacement Market - Definitions |
| 2.2.1.Product Type |
| 2.2.2.Bearing |
| 2.2.3.End Users |
| 2.2.4.Region |
| 3. Global Knee Replacement Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4. Global Knee Replacement Market Analysis, 2018 - 2022 and Forecast 2023 - 2029 |
| 4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Knee Replacement Market By Product Type , 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 5.1. Total Knee Replacement |
| 5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Partial Knee Replacement |
| 5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Revision Knee Replacement |
| 5.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 6. Global Knee Replacement Market By Bearing, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 6.1. Fixed-bearing Implants |
| 6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Mobile-bearing Implants |
| 6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 7. Global Knee Replacement Market By End Users, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 7.1. Hospitals |
| 7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Orthopaedic Clinics |
| 7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Ambulatory Surgical Centres |
| 7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 8. Global Knee Replacement Market By Region, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia Pacific (APAC) |
| 8.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Middle East and Africa (MEA) |
| 8.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Latin America |
| 8.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9. North America Knee Replacement Market,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 9.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Total Knee Replacement |
| 9.1.2.Partial Knee Replacement |
| 9.1.3.Revision Knee Replacement |
| 9.2. Bearing Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Fixed-bearing Implants |
| 9.2.2.Mobile-bearing Implants |
| 9.3. End Users Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Hospitals |
| 9.3.2.Orthopaedic Clinics |
| 9.3.3.Ambulatory Surgical Centres |
| 9.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.United States of America (USA) |
| 9.4.2.Canada |
| 10. Europe Knee Replacement Market,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 10.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Total Knee Replacement |
| 10.1.2.Partial Knee Replacement |
| 10.1.3.Revision Knee Replacement |
| 10.2. Bearing Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Fixed-bearing Implants |
| 10.2.2.Mobile-bearing Implants |
| 10.3. End Users Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Hospitals |
| 10.3.2.Orthopaedic Clinics |
| 10.3.3.Ambulatory Surgical Centres |
| 10.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Germany |
| 10.4.2.France |
| 10.4.3.Italy |
| 10.4.4.United Kingdom (UK) |
| 10.4.5.Spain |
| 10.4.6.Rest of EU |
| 11. Asia Pacific (APAC) Knee Replacement Market,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 11.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Total Knee Replacement |
| 11.1.2.Partial Knee Replacement |
| 11.1.3.Revision Knee Replacement |
| 11.2. Bearing Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Fixed-bearing Implants |
| 11.2.2.Mobile-bearing Implants |
| 11.3. End Users Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Hospitals |
| 11.3.2.Orthopaedic Clinics |
| 11.3.3.Ambulatory Surgical Centres |
| 11.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.China |
| 11.4.2.India |
| 11.4.3.Australia and New Zealand (ANZ) |
| 11.4.4.Japan |
| 11.4.5.Rest of APAC |
| 12. Middle East and Africa (MEA) Knee Replacement Market,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 12.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Total Knee Replacement |
| 12.1.2.Partial Knee Replacement |
| 12.1.3.Revision Knee Replacement |
| 12.2. Bearing Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Fixed-bearing Implants |
| 12.2.2.Mobile-bearing Implants |
| 12.3. End Users Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Hospitals |
| 12.3.2.Orthopaedic Clinics |
| 12.3.3.Ambulatory Surgical Centres |
| 12.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.GCC Countries |
| 12.4.2.South Africa |
| 12.4.3.Rest of MEA |
| 13. Latin America Knee Replacement Market,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 13.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Total Knee Replacement |
| 13.1.2.Partial Knee Replacement |
| 13.1.3.Revision Knee Replacement |
| 13.2. Bearing Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Fixed-bearing Implants |
| 13.2.2.Mobile-bearing Implants |
| 13.3. End Users Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Hospitals |
| 13.3.2.Orthopaedic Clinics |
| 13.3.3.Ambulatory Surgical Centres |
| 13.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Brazil |
| 13.4.2.Mexico |
| 13.4.3.Rest of LA |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1.Stryker (U.S.) |
| 14.2.2.Zimmer Inc., (U.S.) |
| 14.2.3.DePuy Synthes (U.S.) |
| 14.2.4.Aesculap Implants Systems, LLC (U.S.) |
| 14.2.5.Medacta (Switzerland) |
| 14.2.6.Exactech, Inc. (U.S.) |
| 14.2.7.CONMED (U.S.) |
| 14.2.8.MicroPort Orthopedics, Inc (U.S.) |
| 14.2.9.Kinamed, Inc.(U.S.) |
| 14.2.10.OMNIlife science Inc. (U.S.) |
| 14.2.11.ConforMIS (U.S.) |
| 15. Research Methodology |
| 16. Appendix and Abbreviations |
- Stryker (U.S.)
- Zimmer Inc., (U.S.)
- DePuy Synthes (U.S.)
- Aesculap Implants Systems, LLC (U.S.)
- Medacta (Switzerland)
- Exactech, Inc. (U.S.)
- CONMED (U.S.)
- MicroPort Orthopedics, Inc (U.S.)
- Kinamed, Inc.(U.S.)
- OMNIlife science Inc. (U.S.)
- ConforMIS (U.S.)