Total Knee Replacement Market Size By Product (Primary Knee Replacement Systems, Revision Knee Replacement Systems, Partial Knee Replacement Systems), By Device Type (Three Compartmental Knee Implants, Bicompartmental Knee Implants, Unicompartmental Knee

Total Knee Replacement Market Size By Product (Primary Knee Replacement Systems, Revision Knee Replacement Systems, Partial Knee Replacement Systems), By Device Type (Three Compartmental Knee Implants, Bicompartmental Knee Implants, Unicompartmental Knee Implants), By Component (Femoral, Tibial, Patellar), By Implant Type (Fixed-bearing Implants, Mobile-bearing Implants, Medial Pivot Implants), By Design (Posterior Stabilized Design, Cruciate Retaining Design), By Surgery Type (Traditional Surgery, Technology Assisted Surgery Type), By Fixation Material (Cemented, Cementless, Hybrid), By Material (Metal-on-plastic, Ceramic-on-plastic, Ceramic-on-ceramic, Metal-on-metal), By Polyethylene Inserts (Conventional Polyethylene Inserts, Highly Cross-Linked Polyethylene Inserts, Antioxidant Polyethylene Inserts), By End-use (Hospitals, Ambulatory Surgical Centers), Industry Analysis Report, Growth Potential, Competitive Market Share & Forecast, 2023 - 2032

Global Total Knee Replacement Market is projected to grow steadily through 2032 owing to the surging demand for personalized as well as patient-specific implants. Moreover, growing rates of chronic illnesses, rising prevalence of osteoporosis, technological and scientific improvements in total knee replacement, and an expanding global elderly population are some of the key reasons that are projected to propel the market expansion.

Additionally, rising disposable incomes in emerging economies, higher healthcare expenditure, and product launches are anticipated to improve the outlook for international trade. For instance, in August 2020, DJO Global launched two new EMPOWR systems, EMPOWR Acetabular as well as EMPOWR Partial Knee. By permitting implantation with a single tray, these devices are designed to restore healthy kinematics and improve surgical process efficiency. The launch helped the business attract more customers by promoting better sales in the market.

The total knee replacement market has been divided in terms of product, device, component, implant, design, surgery, material, polyethylene inserts, end-use, and region.

Based on product, the revision knee replacement systems segment is expected to grow rapidly by the end of 2032 credited to the rising demand for revisional knee replacement surgery given the implant instability, excessive body weight, high-impact activities, etc.

With respect to device, the three-compartmental knee implants segment was valued at over USD 6.5 billion in 2022. Three compartmental knee implants give the surgeon a variety of implant choices depending on the state of the soft tissues and the size of the bone defect. Combining these implants with computer-assisted operating methods improves implant alignment. The device also supports detecting conditions including anterior knee pain and swelling, mid-flexion instability, etc. The aforementioned factors are slated to complement the segmental growth.

In terms of material, the ceramic-on-ceramic segment is speculated to attain high gains over the forthcoming years. The material is highly durable and prevents debris from entering that could be damaging to the body. Physicians are increasingly preferring ceramic-on-ceramic materials, especially for expecting mothers. Innovative implants created with the use of cutting-edge ceramic technology are more robust and raise fewer safety problems, such as ceramic fractures. Such trends are likely to foster the market development.

From the regional perspective, the Europe total knee replacement market is poised to amass more than USD 2.5 billion in revenue by 2032 attributed to the high prevalence of chronic illnesses and supporting healthcare policies that are set to increase the hospitalization rate.