Knee Replacement Market Research Report Information By End Use (Clinics and Hospitals, Rehabilitation Centres, Specialty Centres), By Product (Partial Knee Reconstructive Implants, Total Knee Reconstructive Implants, Medical Pivot Implants, Fixed Bearing Implants, Revision Knee Reconstructive Implants, Mobile Bearing Implants, Others), By Materials (Metal Alloy, Ceramic Material, Strong Plastic Parts), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2030

Global Knee Replacement Market Overview

The Knee Replacement Market Size was valued at USD 6.5 billion in 2022 and is projected to grow from USD 6.99 Billion in 2023 to USD 10.85 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 7.60% during the forecast period (2023 - 2030). High incidence of road accidents leading to amputations, and increasing prevalence of osteoarthritis & rise in the number of Knee Injury Cases are the key market drivers enhancing the market growth.

  Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Knee Replacement Market Trends

• Rising Prevalence of Knee Osteoarthritis to boost market growth

The rising prevalence of knee osteoarthritis is one of the key factors driving the market growth of the knee replacement. Knee osteoarthritis is a common condition, particularly among the elderly population, which causes the degradation of cartilage in the knee joint, leading to pain and mobility issues. As the population ages, the prevalence of knee osteoarthritis is expected to increase, driving demand for knee replacement surgery. Knee replacement surgery involves replacing the damaged knee joint with a prosthetic implant. The procedure is typically recommended for patients with severe knee osteoarthritis who have not responded to conservative treatments such as medication and physical therapy. The increasing prevalence of knee osteoarthritis means that there is a growing pool of potential candidates for knee replacement surgery. This, in turn, is expected to drive the demand for knee replacement implants and related products, supporting the market growth of the knee replacement. For instance, according to The Centers for Disease Control and Prevention (CDC) reports that in 2019, an estimated 32.5 million adults in the United States had osteoarthritis, and knee osteoarthritis is one of the most common types. Also, In the United Kingdom, the National Joint Registry (NJR) reports that 106,381 knee replacement procedures were performed in the 2019/20 financial year. Knee osteoarthritis is one of the primary reasons for knee replacement surgery.

Also, during the forecast period, it is anticipated that the frequency of post-traumatic arthritis will rise along with the demand for minimally invasive surgical methods. For instance, the Agency for Healthcare Research and Quality (AHRQ) estimates that more than 600,000 knee replacement procedures are carried out in the United States each year. Furthermore, in August 2021, the FDA authorized Persona IQ, the first smart knee replacement device in the world, for use in total knee replacement surgery. Persona IQ was developed by Canary Medical, a medical data company, and Zimmer Biomet, a pioneer in global medical technology. The market growth is driven by the leading companies' patient-centric development approach, which takes into account the unmet demands for a potent treatment of severe knee osteoarthritis.

The market for knee replacement devices has grown significantly over the years as a result of improvements in surgical methods including robotic surgery and navigation support systems. Also, the rising demand for affordable, personalized knee implants motivates large manufacturers to spend money on research and development, which opens up new opportunities for growth. The global market for knee replacement devices is growing due to increased awareness of the need to treat orthopedic problems.

Knee Replacement Market Segment Insights

Knee Replacement End Use Insights

The Market segments of Knee Replacement, based on fusion End Use, includes Clinics and Hospitals, Rehabilitation Centres, Specialty Centres. The hospitals segment held the majority share in 2022 contribution to around ~65-70% in respect to the Knee Replacement Market revenue. This is mostly because hospitals now have cutting-edge facilities and a growing healthcare infrastructure. In the upcoming years, it is expected that the healthcare sector would maintain its dominance. This is due to the increase in orthopedic procedures conducted in hospitals and the growth in patients seeking treatment for orthopedic injuries.

In 2021:North Shore University Hospital, part of Northwell Health in New York, launched a Comprehensive Joint Replacement Program, which includes knee replacement surgery using robotic technology.

In 2020:Beaumont Health in Michigan launched a Joint Replacement Home Recovery Program, which allows knee replacement patients to recover at home with remote monitoring from healthcare professionals.

Knee Replacement Product Insights

The Knee Replacement Market segmentation, based on Product, includes partial knee reconstructive implants, total knee reconstructive implants, medical pivot implants, fixed bearing implants, revision knee reconstructive implants, mobile bearing implants, others. The total knee reconstructive implants segment dominated the market in 2022 and is projected to be the faster-growing segment during the forecast period, 2022-2030. This is due to increased demand for implants and customized replacement systems. The considerable patient base of arthritis sufferers and the rise in the number of patients receiving the operation are further reasons that contribute to the segment's high proportion of the market.

In 2021:Zimmer Biomet launched the Persona IQ, a personalized knee implant system that uses data from MRIs and X-rays to create customized implants for individual patients.

Figure 2: Knee Replacement Market, by Surgery, 2022 & 2030 (USD Bllion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Knee Replacement Regional Insights

By Region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. North America Knee Replacement market accounted for USD 2.97 billion in 2022 and is expected to exhibit a significant CAGR growth during the study period. This is attributed to the rising elderly population, increasing prevalence of arthritis, and other joint abnormalities. Additionally, it is projected that the availability of a well-established healthcare facility and access to technically advanced implant surgeries will drive market expansion.

Further, the major countries studied in the market report are: The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: KNEE REPLACEMENT MARKET SHARE BY REGION 2022 (%)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe knee replacement market accounts for the second-largest market share due to the availability of cutting-edge treatment facilities, government backing for the growth of the healthcare industry, an ageing population, and growing road accidental cases. Further, the Germany market of knee replacement held the largest market share, and the UK market of knee replacement was the fastest growing market in the European region

The Asia-Pacific Knee Replacement Market is expected to grow at the fastest CAGR from 2022 to 2030. This is due to untapped development potential, increasing use of orthopaedic implants, rising rates of arthritis, and quickly developing healthcare infrastructure. Moreover, rising consumer awareness of healthcare issues and technology developments in developing nations are anticipated to support expansion. Moreover, China market of knee replacement held the largest market share, and the India market of knee replacement was the fastest growing market in the Asia-Pacific region

Knee Replacement Key Market Players & Competitive Insights

Major market players are spending a lot of money on R&D to increase their product lines, which will help the market of knee replacement grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the knee replacement industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.

One of the primary business strategies adopted by manufacturers in the global knee replacement industry to benefit clients and expand the market sector is to manufacture locally to reduce operating costs. In recent years, knee replacement industry has provided treatment with some of the most significant benefits. The knee replacement market major player such as Zimmer Inc. (US), DePuy Synthes (US), Smith and Nephew (UK) and others are working to expand the market demand by investing in research and development activities.

Zimmer Inc. is a medical technology company that specializes in orthopedic implants and related surgical products. The company was founded in 1927 and is headquartered in Warsaw, Indiana, USA. Zimmer Inc. is a subsidiary of Zimmer Biomet, which was formed in 2015 through the merger of Zimmer Holdings and Biomet. The company's product portfolio includes implants for joint replacement surgeries, such as hip, knee, and shoulder replacements, as well as products for sports medicine, spine, and dental procedures. Some of the company's notable products include the Persona line of knee implants, the G7 Acetabular System for hip replacements, and the Comprehensive Reverse Shoulder System for shoulder replacement. In 2021, Zimmer Biomet launched the Persona IQ, a personalized knee implant system that uses data from MRIs and X-rays to create customized implants for individual patients.

Also, Smith+Nephew is a global medical technology company headquartered in London, UK. The company specializes in developing and selling medical devices, particularly in the areas of orthopedics, sports medicine, and wound management. Smith+Nephew's product portfolio includes devices for joint replacement surgeries, such as hip and knee replacements, as well as devices for sports medicine procedures, such as ligament repair and meniscus repair. The company also offers a range of advanced wound care products, including dressings, negative pressure wound therapy systems, and devices for managing chronic wounds. In 2020, Smith+Nephew introduced the OR3O Dual Mobility System, a total knee implant designed to reduce the risk of dislocation and improve stability.

Key Companies in the market of knee replacement includes

• Zimmer Inc. (US)


• DePuy Synthes (US)


• Stryker (US)


• Smith and Nephew (UK)


• Exactech, Inc. (US)


• Corin Group (UK)


• Aesculap Implants Systems LLC (US)


• Medacta International. (Switzerland)


• Allegra Orthopaedics Limited (Australia)


• Kinamed, Inc. (US), among others

Knee Replacement Industry Developments

In 2020, Stryker announced the launch of its Triathlon Total Knee System with SmartRobotics, which uses robotic technology to assist surgeons in performing knee replacement surgery.

In 2019, Johnson & Johnson subsidiary DePuy Synthes launched the ATTUNE Revision Knee System, an implant designed to address the challenges of revision knee replacement surgery.

Knee Replacement Market Segmentation

Knee Replacement End Use Outlook

• Clinics and Hospitals


• Rehabilitation Centres


• Specialty Centres

Knee Replacement Product Outlook

• Partial Knee Reconstructive Implants


• Total Knee Reconstructive Implants


• Medical Pivot Implants


• Fixed Bearing Implants


• Revision Knee Reconstructive Implants


• Mobile Bearing Implants


• Others

Knee Replacement Materials Outlook

• Metal Alloy


• Ceramic Material


• Strong Plastic Parts

Knee Replacement Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America
  
  
  
  

Report Scope:

Report Attribute/Metric	Details
Market Size 2022	USD 6.5 billion
Market Size 2023	USD 6.99 billion
Market Size 2030	USD 10.85 billion
Compound Annual Growth Rate (CAGR)	7.60% (2023-2030)
Base Year	2022
Market Forecast Period	2023-2030
Historical Data	2019 - 2021
Market Forecast Units	Value (USD Billion)
Report Coverage	Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered	End Use, Product, Materials, and Region
Geographies Covered	North America, Europe, Asia Pacific, and Rest of the World
Countries Covered	The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled	Zimmer Inc. (US), DePuy Synthes (US), Stryker (US), Smith and Nephew (UK), Exactech, Inc. (US), Corin Group (UK), Aesculap Implants Systems LLC (US), Medacta International. (Switzerland), Allegra Orthopaedics Limited (Australia), and Kinamed, Inc. (US)
Key Market Opportunities	Technological Advancements
Key Market Dynamics	High Incidence of Road Accidents Leading to Amputations Increasing Prevalence of Osteoarthritis & Rise in the Number of Knee Injury Cases

Frequently Asked Questions (FAQ) :