Knee Replacement Market, by Procedure (Total Knee Replacement, Partial Knee Replacement, Kneecap Replacement, and Revision Knee Replacement), by Implant Type (Fixed-bearing Implants, Mobile-bearing Implants, Medial Pivot Implants, and Others), by Material

Knee Replacement Market, by Procedure (Total Knee Replacement, Partial Knee Replacement, Kneecap Replacement, and Revision Knee Replacement), by Implant Type (Fixed-bearing Implants, Mobile-bearing Implants, Medial Pivot Implants, and Others), by Material (Metal-on-Plastic, Ceramic-on-Plastic, Ceramic-on-Ceramic, and Metal-on-Metal), by End User (Hospital, Orthopedic Clinics, Ambulatory Surgery Centers, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Knee replacement, also called knee arthroplasty or total knee replacement, is a surgical procedure to resurface a knee damaged by arthritis. Metal and plastic parts are used to cap the ends of the bones that form the knee joint, along with the kneecap. This surgery may be considered for someone who has severe arthritis or a severe knee injury. The goal of knee replacement surgery is to resurface the parts of the knee joint that have been damaged and to relieve knee pain that cannot be controlled by other treatments.
Various types of arthritis may affect the knee joint. Osteoarthritis, a degenerative joint disease that affects mostly middle-aged and older adults, may cause the breakdown of joint cartilage and adjacent bone in the knees. Rheumatoid arthritis, which causes inflammation of the synovial membrane and results in excessive synovial fluid, can lead to pain and stiffness. Traumatic arthritis, arthritis due to injury, may cause damage to the cartilage of the knee.
Market Dynamics
Approval and launch of new knee replacement devices is expected to propel growth of the global knee replacement market during the forecast period. For instance, in August 2021, Fuse Medical Inc., an emerging manufacturer and distributor of innovative medical devices for the orthopedic and spine marketplace, announced the launch of Sterizo Total Knee Replacement System, the latest addition to a comprehensive line of orthopedic product offerings. The Sterizo Total Knee System is a next-generation technology platform based on proven and accepted design principles in the orthopedic total knee arthroplasty marketplace. Its high flexion engineered, multi radius design delivers exceptional range of motion. The Sterizo Total Knee System offers full range of sizes as well as multiple stabilization options, including, Cruciate Retained, Ultra Congruent Anterior Stabilized, and Posterior Stabilized.
However, high cost of knee replacement surgery is expected to limit the market growth. For instance, the cost of various knee replacement surgeries such as total knee replacement surgery, partial knee replacement surgery, bilateral knee replacement surgery, minimal invasive knee replacement surgery, and revision knee replacement surgery are US$ 50,000, US$ 45,000, US$ 45,000, US$ 22,000, and US$ 20,000, respectively, in the U.S. Therefore, such expensive surgery procedures are expected to hinder the knee replacement market growth, as patients often opt out of the surgery and go for the alternatives such as physiotherapy, acupuncture, and other physical exercises.
Key features of the study:
This report provides in-depth analysis of the global knee replacement market, market size (US$ Bn), and compound annual growth rate (CAGR (%)) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by leading players
It profiles key players in the global knee replacement market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and strategies
Key players covered as a part of this study include Zimmer Biomet, Stryker Corporation, Smith & Nephew Plc, Johnson & Johnson Services Inc., B. Braun Melsungen AG, Medacta International, MicroPort Scientific Corporation, ConforMIS, Inc., Corin Group, Exactech, Inc., DJO Global, Inc., Baumer Holding AG, SurgTech Inc. Wright Medical Group N.V., and X.NOV
Insights from this report would allow marketers and management authorities of companies to make informed decisions with respect to future product launches, governmental initiatives, technological up-gradation, market expansion, and marketing tactics
The global knee replacement market report caters to various stakeholders in this industry, including investors, product manufacturers, distributors, and suppliers for knee replacement market, research and consulting firms, new entrants, and financial analysts.

Detailed Segmentation:
Global Knee Replacement Market, By Procedure:
Total Knee Replacement
Partial Knee Replacement
Kneecap Replacement
Revision Knee Replacement
Global Knee Replacement Market, By Implant Type:
Fixed-bearing Implants
Mobile-bearing Implants
Medial Pivot Implants
Others
Global Knee Replacement Market, By Material:
Metal-on-Plastic
Ceramic-on-Plastic
Ceramic-on-Ceramic
Metal-on-Metal
Global Knee Replacement Market, By End User:
Hospitals
Orthopedic Clinics
Ambulatory Surgery Centers
Others
Global Knee Replacement Market, By Region:
North America
By Country:
U.S.
Canada
By Procedure:
Total Knee Replacement
Partial Knee Replacement
Kneecap Replacement
Revision Knee Replacement
By Implant Type:
Fixed-bearing Implants
Mobile-bearing Implants
Medial Pivot Implants
Others
By Material:
Metal-on-Plastic
Ceramic-on-Plastic
Ceramic-on-Ceramic
Metal-on-Metal
By End User:
Hospital
Orthopedic Clinics
Ambulatory Surgery Centers
Others
Europe
By Country:
U.K.
Germany
Italy
Spain
France
Russia
Rest of Europe
By Procedure:
Total Knee Replacement
Partial Knee Replacement
Kneecap Replacement
Revision Knee Replacement
By Implant Type:
Fixed-bearing Implants
Mobile-bearing Implants
Medial Pivot Implants
Others
By Material:
Metal-on-Plastic
Ceramic-on-Plastic
Ceramic-on-Ceramic
Metal-on-Metal
By End User:
Hospital
Orthopedic Clinics
Ambulatory Surgery Centers
Others
Asia Pacific
By Country:
Australia
India
China
Japan
ASEAN
South Korea
Rest of Asia Pacific
By Procedure:
Total Knee Replacement
Partial Knee Replacement
Kneecap Replacement
Revision Knee Replacement
By Implant Type:
Fixed-bearing Implants
Mobile-bearing Implants
Medial Pivot Implants
Others
By Material:
Metal-on-Plastic
Ceramic-on-Plastic
Ceramic-on-Ceramic
Metal-on-Metal
By End User:
Hospital
Orthopedic Clinics
Ambulatory Surgery Centers
Others
Latin America
By Country:
Brazil
Mexico
Argentina
Rest of Latin America
By Procedure:
Total Knee Replacement
Partial Knee Replacement
Kneecap Replacement
Revision Knee Replacement
By Implant Type:
Fixed-bearing Implants
Mobile-bearing Implants
Medial Pivot Implants
Others
By Material:
Metal-on-Plastic
Ceramic-on-Plastic
Ceramic-on-Ceramic
Metal-on-Metal
By End User:
Hospital
Orthopedic Clinics
Ambulatory Surgery Centers
Others
Middle East
By Country:
GCC
Israel
Rest of Middle East
By Procedure:
Total Knee Replacement
Partial Knee Replacement
Kneecap Replacement
Revision Knee Replacement
By Implant Type:
Fixed-bearing Implants
Mobile-bearing Implants
Medial Pivot Implants
Others
By Material:
Metal-on-Plastic
Ceramic-on-Plastic
Ceramic-on-Ceramic
Metal-on-Metal
By End User:
Hospital
Orthopedic Clinics
Ambulatory Surgery Centers
Others
Africa
By Country/Region:
South Africa
Central Africa
North Africa
By Procedure:
Total Knee Replacement
Partial Knee Replacement
Kneecap Replacement
Revision Knee Replacement
By Implant Type:
Fixed-bearing Implants
Mobile-bearing Implants
Medial Pivot Implants
Others
By Material:
Metal-on-Plastic
Ceramic-on-Plastic
Ceramic-on-Ceramic
Metal-on-Metal
By End User:
Hospital
Orthopedic Clinics
Ambulatory Surgery Centers
Others
Company Profiles
Zimmer Biomet*
Company Overview
Product Portfolio
Financial Performance
Recent Highlights
Strategies
Stryker Corporation
Smith & Nephew Plc
Johnson & Johnson Services Inc.
B. Braun Melsungen AG
Medacta International
MicroPort Scientific Corporation
ConforMIS, Inc.
Corin Group
Exactech, Inc.
DJO Global, Inc.
Baumer Holding AG
SurgTech Inc.
Wright Medical Group N.V.
X.NOV
“*” marked represents similar segmentation in other categories in the respective section.