Knee Replacement Implants Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Knee Replacement Market
The knee replacement market size was valued at USD 9.45 billion in 2019, and the market is now projected to grow from USD 9.45 billion in 2019 to USD 12.48 billion by 2032, exhibiting a CAGR of 4.3% during the forecast period of 2019-2032.
Pandemic notably impacted the global financial system, leaving people jobless. Leading orthopedic players are experiencing a drop in revenue because of the ban on elective surgical tactics, extent drops in knee substitute tactics, behind schedule enterprise deals, supply chain disruptions, and people's fear of having infected. The disease has additionally brought about delivery chain disruptions and a lower in people visiting healthcare centers.
The worldwide occurrence of knee osteoarthritis is anticipated to upward thrust, with the diagnosis rate among the person population growing. The Osteoarthritis Research Society International predicts that worldwide knee osteoarthritis will attain 5%, with the getting older population contributing to this growth. The growing weight problems epidemic and the aging populace are also contributing to the call for knee substitute surgeries.
Advanced technology like artificial intelligence (Al) and robotics are improving surgical strategies efficiency, leading to a worldwide call for these clinical gadgets. Al allows surgeons create personalized plans primarily based on knee motion, and extended research and improvement spending and new product launches in robotics are anticipated to pressure knee replacement market growth within the near future.
Comprehensive Analysis of Knee Replacement Market
The knee opportunity market carries overall knee arthroplasty, partial knee arthroplasty, and revision arthroplasty. The overall knee arthroplasty segment is predicted to increase at a immoderate CAGR because of the geriatric affected person populace and expanded reputation of robotic-assisted surgical strategies. The revision arthroplasty section is anticipated to be the quickest-growing because of growing revision knee strategies, technological trends, and a shift of knee surgical methods among younger patients. The partial knee arthroplasty phase is possibly to extend at a extensive CAGR due to the development of progressive partial knee implants. The market is categorised into hospitals, orthopedic clinics, and ambulatory surgery facilities. Hospitals dominate the market due to advanced facilities and rising healthcare infrastructure, while orthopedic clinics are expected to witness significant growth.
The North America region lead the knee replacement market share by benefitting a market size of USD 5.05 billion in 2019 due to increase in osteoarthritis patients and geriatric population. Factors consisting of the adoption of pc-aided implant designs, robotic-assisted surgical tactics, and favorable compensation scenarios are also predicted to strain marketplace growth in the US.
Key companies encompass Stryker, DePuySynthes Companies, Aesculap and Conformis. Other players include B. Braun, Johnson & Johnson, Smith & Nephew and Medacta International.
Think Surgical Inc. Has acquired clearance from the U.S. Food and Drug Administration to marketplace its TSolution One device for total knee alternative in October 2019.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2016-2027
Base Year 2019
Forecast Period 2020-2027
Historical Period 2016-2018
Unit Value (USD billion)
SegmentationBy Procedure
Total Knee Arthroplasty
Partial Knee Arthroplasty
Revision Knee Arthroplasty
By Implant Type
Fixed Bearing
Mobile Bearing
Others
By End-user
Hospitals
Orthopedic Clinics
Ambulatory Surgical Centers
Others
By Region
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Prevalence of Knee Osteoarthritis by key Country/Region-2019
- 4.2. Technological Advancements in Knee Implants
- 4.3. Overview of Number of Knee Replacement Surgeries by key Country/Region-2019
- 4.4. The Regulatory Scenario by Key Country/Region
- 4.5. key Industry Developments-Mergers, Acquisitions, Partnerships, & New Product Launch)
- 4.6. Impact of COVID-19 on Knee Replacement Market
- 5. Global Knee Replacement Market Analysis, Insights and Forecast, 2016-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Procedure
- 5.2.1. Total Knee Arthroplasty
- 5.2.2. Partial Knee Arthroplasty
- 5.2.3. Revision Arthroplasty
- 5.3. Market Analysis, Insights and Forecast – By Implant Type
- 5.3.1. Fixed Bearing
- 5.3.2. Mobile Bearing
- 5.3.3. Others
- 5.4. Market Analysis, Insights and Forecast – By End User
- 5.4.1. Hospitals
- 5.4.2. Orthopedic Clinics
- 5.4.3. Ambulatory Surgery Centers
- 5.4.4. Others
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Latin America
- 5.5.5. Middle East & Africa
- 6. North America Knee Replacement Market Analysis, Insights and Forecast, 2016-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis – By Procedure
- 6.2.1. Total Knee Arthroplasty
- 6.2.2. Partial Knee Arthroplasty
- 6.2.3. Revision Arthroplasty
- 6.3. Market Analysis – By Implant Type
- 6.3.1. Fixed Bearing
- 6.3.2. Mobile Bearing
- 6.3.3. Others
- 6.4. Market Analysis – By End User
- 6.4.1. Hospitals
- 6.4.2. Orthopedic Clinics
- 6.4.3. Ambulatory Surgery Centers
- 6.4.4. Others
- 6.5. Market Analysis – By Country/Sub-region
- 6.5.1. U.S.
- 6.5.2. Canada
- 7. Europe Knee Replacement Market Analysis, Insights and Forecast, 2016-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis – By Procedure
- 7.2.1. Total Knee Arthroplasty
- 7.2.2. Partial Knee Arthroplasty
- 7.2.3. Revision Arthroplasty
- 7.3. Market Analysis – By Implant Type
- 7.3.1. Fixed Bearing
- 7.3.2. Mobile Bearing
- 7.3.3. Others
- 7.4. Market Analysis – By End User
- 7.4.1. Hospitals
- 7.4.2. Orthopedic Clinics
- 7.4.3. Ambulatory Surgery Centers
- 7.4.4. Others
- 7.5. Market Analysis – By Country/Sub-region
- 7.5.1. U.K.
- 7.5.2. Germany
- 7.5.3. France
- 7.5.4. Spain
- 7.5.5. Italy
- 7.5.6. Scandinavia
- 7.5.7. Rest of Europe
- 8. Asia Pacific Knee Replacement Market Analysis, Insights and Forecast, 2016-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis – By Procedure
- 8.2.1. Total Knee Arthroplasty
- 8.2.2. Partial Knee Arthroplasty
- 8.2.3. Revision Arthroplasty
- 8.3. Market Analysis – By Implant Type
- 8.3.1. Fixed Bearing
- 8.3.2. Mobile Bearing
- 8.3.3. Others
- 8.4. Market Analysis – By End User
- 8.4.1. Hospitals
- 8.4.2. Orthopedic Clinics
- 8.4.3. Ambulatory Surgery Centers
- 8.4.4. Others
- 8.5. Market Analysis – By Country/Sub-region
- 8.5.1. Japan
- 8.5.2. China
- 8.5.3. India
- 8.5.4. Australia
- 8.5.5. Southeast Asia
- 8.5.6. Rest of Asia Pacific
- 9. Latin America Knee Replacement Market Analysis, Insights and Forecast, 2016-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis – By Procedure
- 9.2.1. Total Knee Arthroplasty
- 9.2.2. Partial Knee Arthroplasty
- 9.2.3. Revision Arthroplasty
- 9.3. Market Analysis – By Implant Type
- 9.3.1. Fixed Bearing
- 9.3.2. Mobile Bearing
- 9.3.3. Others
- 9.4. Market Analysis – By End User
- 9.4.1. Hospitals
- 9.4.2. Orthopedic Clinics
- 9.4.3. Ambulatory Surgery Centers
- 9.4.4. Others
- 9.5. Market Analysis – By Country/Sub-region
- 9.5.1. Brazil
- 9.5.2. Mexico
- 9.5.3. Rest of Latin America
- 10. Middle East & Africa Knee Replacement Market Analysis, Insights and Forecast, 2016-2027
- 10.1. Key Findings / Summary
- 10.2. Market Analysis – By Procedure
- 10.2.1. Total Knee Arthroplasty
- 10.2.2. Partial Knee Arthroplasty
- 10.2.3. Revision Arthroplasty
- 10.3. Market Analysis – By Implant Type
- 10.3.1. Fixed Bearing
- 10.3.2. Mobile Bearing
- 10.3.3. Others
- 10.4. Market Analysis – By End User
- 10.4.1. Hospitals
- 10.4.2. Orthopedic Clinics
- 10.4.3. Ambulatory Surgery Centers
- 10.4.4. Others
- 10.5. Market Analysis – By Country/Sub-region
- 10.5.1. GCC Countries
- 10.5.2. South Africa
- 10.5.3. Rest of Middle East & Africa
- 11. Competitive Analysis
- 11.1. Key Industry Developments
- 11.2. Global Market Share Analysis (2019)
- 11.3. Competition Dashboard
- 11.4. Comparative Analysis – Major Players
- 11.5. Company Profiles (Overview, Products & services, SWOT analysis, Recent developments, strategies, financials (based on availability))
- 11.5.1. Zimmer Biomet
- 11.5.1.1. Overview,
- 11.5.1.2. Products & services,
- 11.5.1.3. SWOT analysis,
- 11.5.1.4. Recent developments,
- 11.5.1.5. strategies,
- 11.5.1.6. financials (based on availability)
- 11.5.2. Stryker
- 11.5.2.1. Overview,
- 11.5.2.2. Products & services,
- 11.5.2.3. SWOT analysis,
- 11.5.2.4. Recent developments,
- 11.5.2.5. strategies,
- 11.5.2.6. financials (based on availability)
- 11.5.3. DePuy Synthes Companies (Johnson & Johnson Services, Inc.)
- 11.5.3.1. Overview,
- 11.5.3.2. Products & services,
- 11.5.3.3. SWOT analysis,
- 11.5.3.4. Recent developments,
- 11.5.3.5. strategies,
- 11.5.3.6. financials (based on availability)
- 11.5.4. Smith & Nephew
- 11.5.4.1. Overview,
- 11.5.4.2. Products & services,
- 11.5.4.3. SWOT analysis,
- 11.5.4.4. Recent developments,
- 11.5.4.5. strategies,
- 11.5.4.6. financials (based on availability)
- 11.5.5. Aesculap, Inc.– a B. Braun company
- 11.5.5.1. Overview,
- 11.5.5.2. Products & services,
- 11.5.5.3. SWOT analysis,
- 11.5.5.4. Recent developments,
- 11.5.5.5. strategies,
- 11.5.5.6. financials (based on availability)
- 11.5.6. Medacta International
- 11.5.6.1. Overview,
- 11.5.6.2. Products & services,
- 11.5.6.3. SWOT analysis,
- 11.5.6.4. Recent developments,
- 11.5.6.5. strategies,
- 11.5.6.6. financials (based on availability)
- 11.5.7. MicroPort Scientific Corporation
- 11.5.7.1. Overview,
- 11.5.7.2. Products & services,
- 11.5.7.3. SWOT analysis,
- 11.5.7.4. Recent developments,
- 11.5.7.5. strategies,
- 11.5.7.6. financials (based on availability)
- 11.5.8. Conformis
- 11.5.8.1. Overview,
- 11.5.8.2. Products & services,
- 11.5.8.3. SWOT analysis,
- 11.5.8.4. Recent developments,
- 11.5.8.5. strategies,
- 11.5.8.6. financials (based on availability)
- 11.5.9. Other Prominent Players
- 11.5.9.1. Overview,
- 11.5.9.2. Products & services,
- 11.5.9.3. SWOT analysis,
- 11.5.9.4. Recent developments,
- 11.5.9.5. strategies,
- 11.5.9.6. financials (based on availability)
- 12. Strategic Recommendations
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