Knee Replacement Market Research Report - Global Forecast till 2027

Global Knee Replacement Market Research Report: Information by Product Type (Total Knee Reconstructive Implants, Partial Knee Reconstructive Implants, Revision Knee Reconstructive Implants), Material (Metal Alloy, Ceramic Material, Strong Plastic Parts and Others), End User (Hospitals and Clinics, Specialty Centers, and Rehabilitation Centers), and Region (Americas, Europe, Asia-Pacific, and the Middle East & Africa)—Forecast till 2027

ID: MRFR/MED/1049-HCR | | Region: Global | 105 pages

Please note that the assessment period of report has been updated from 2019-2025 to 2020-2027. Cordially fill Sample form for the updated data.

Market Scenario


Knee replacement—also known as knee arthroplasty—is a joint surgical procedure to replace the affected parts of the knee to relieve pain and disability. Knee replacement surgery is performed on patients that are affected by diseases such as osteoarthritis, post-traumatic arthritis or rheumatoid arthritis.


The global knee replacement market is majorly driven by the increasing geriatric population giving rise to old-age ailments such as arthritis, osteoporosis, and diabetes. Additionally, rising technological advancements such as minimally invasive surgeries along with presence of better implant materials are likely to drive the growth of knee replacement market.


However, the high cost of implants and growing awareness for non-surgical treatment methods such as exercises and shoe aids are likely to hamper the growth of the market.


The global knee replacement market is projected to reach USD 10 billion by 2025 and expected to grow at a CAGR of 3.7% during the forecasted period.


Segmentation


MRFR segments the global knee replacement market on the basis of product type, material, and end user.


Global knee replacement market, on the basis of product type, has been segmented into partial knee reconstructive implants, total knee reconstructive implants, and revision knee reconstructive implants. The total knee reconstructive implants segment has been further sub-segmented into medial pivot implants, mobile bearing implants, fixed bearing implants, and others.


On the basis of material, the knee replacement market is segmented into ceramic material, metal alloy, strong plastic parts, and others.


On the basis of the end users, the market is segmented into hospitals & clinics, specialty centers, and rehabilitation centers.


The knee replacement market has been segmented, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa.


The knee replacement market in the Americas has further been segmented into North America and Latin America, with the North American market divided into the US and Canada.


The European knee replacement market has been bifurcated into Western Europe and Eastern Europe. Western Europe has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe. 


The knee replacement market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The knee replacement market in the Middle East & Africa has been segmented into the Middle East and Africa.


Key Players


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), are some of the key players operating in the global knee replacement market.


Regional Market Summary


Global Knee Replacement Market Share (%), by Region, 2018


Source: Centers for Disease Control and Prevention (CDC), Eurostat, White Papers, Company Presentations, and Annual Reports


Geographically, the market has been segmented into the Americas, Europe, Asia-Pacific, and the Middle East & Africa.


The Americas has been segmented into North America and South America. North America has been further segmented into the US and Canada. Increasing aging population affected with knee joint disorders and increase in awareness level for joint-related treatments are likely to enhance the growth of knee replacement market in the North American region. Additionally, high number of research and development in knee implant industry and growing government initiative are pushing the growth of the market. According to American Joint Replacement Registry, around 161,040 joint replacement procedures were performed in the US in 2015. Moreover, according to the Agency for Healthcare Research and Quality, more than 600,000 knee replacements are performed each year in the US. Additionally, according to United States Census Bureau, around 49.2 million adults aged 65 and above were present in the US as of 2016.


Europe is the second-largest market and is expected to grow a strong growth during the forecast period owing to the availability of innovative and advanced treatment facilities, rising cases of knee replacements, and rising number of trained medical professionals. Furthermore, growing older population is giving rise to patient population is likely to enhance the growth of the market. For instance, Eurostat estimated that over 19.2% of population in Europe were aged 65 and above. This rising older population is likely to lead to rising patient population.Additionally, Ramsay Health Care UK stated that more than 70,000 knee replacements are carried out in England and Wales each year.


Asia Pacific is expected to be the fastest growing market due to increasing prevalence of joint disorders such as rheumatoid arthritis, osteoarthritis, and hip injuries. China is the fastest growing region owing to its large older population and rising patient population. Rising geriatric population and awareness about health are factors driving the growth of the market. Additionally, the availability of new treatment methods is propelling the market in Asia-Pacific. According to the Asia-Pacific Arthroplasty Society, in 2015, approximately 20,000 hip & knee replacements were performed in Thailand. This huge number of knee replacement surgeries is driving the Asia-Pacific knee replacement market.


The Middle East & Africa is expected to show the least growth in the market due to major factors such as lack of awareness, limited access, and affordability of treatment facilities.


Global Knee Replacement Market, by Product Type



  • Total Knee Reconstructive Implants

  • Fixed Bearing Implants

  • Mobile Bearing Implants

  • Medial Pivot Implants

  • Others

  • Partial Knee Reconstructive Implants

  • Revision Knee Reconstructive Implants


Global Knee Replacement Market, by Material



  • Metal Alloy

  • Ceramic Material

  • Strong Plastic Parts

  • Others


Global Knee Replacement Market, by End User



  • Hospitals and Clinics

  • Specialty Centers

  • Rehabilitation Centers


Global Knee Replacement Market, by Region



  • Americas

    • North America

      • US

      • Canada



    • Latin America



  • Europe

    • Western Europe

      • Germany

      • France

      • Italy

      • Spain

      • UK

      • Rest of Western Europe



    • Eastern Europe



  • Asia-Pacific

    • Japan

    • China

    • India

    • Australia

    • South Korea

    • Rest of Asia-Pacific



  • Middle East & Africa

    • Middle East

    • Africa




Intended Audience



  • Knee Replacement centers

  • Contract research organizations (CROs)

  • Research and development (R&D) companies

  • Government research laboratories

  • Independent research laboratories

  • Government and independent regulatory authorities

  • Market research and consulting service providers

  • Medical research laboratories

  • Academic medical institutes and universities



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 10 Billion (2025)
  CAGR   3.7% (2019-2025)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   by Product Type, Material
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   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

  • The global knee replacement market is majorly driven by the increasing geriatric population giving rise to old-age ailments such as arthritis, osteoporosis, and diabetes.
  • Additionally, rising technological advancements such as minimally invasive surgeries along with presence of better implant materials are likely to drive the growth of knee replacement market.
  •   Key Market Drivers   This rising older population is likely to lead to rising patient population.Additionally, Ramsay Health Care UK stated that more than 70,000 knee replacements are carried out in England and Wales each year.


    Frequently Asked Questions (FAQ) :


    knee replacement market is projected to grow at approximately 3.7% CAGR during the assessment period (2019-2025).

    knee replacement market is estimated to reach a valuation of approx. USD 10 BN by the end of 2025.

    High prevalence of arthritis & osteoporosis, rising advancements in surgical process such as minimally invasive surgeries, and the availability of better implant materials are major tailwinds pushing the growth of the global knee replacement market.

    North America holds the largest share in the global knee replacement market, followed by Europe and the Asia Pacific, respectively.

    Zimmer Inc. (US), Stryker (US), DePuy Synthes (US), Smith and Nephew (UK), Corin Group (UK), Exactech, Inc. (US), Aesculap Implants Systems LLC (US), Allegra Orthopaedics Limited (Australia), Medacta International (Switzerland), and Kinamed, Inc. (US), are some of the top players operating in the global knee replacement market.

    TABLE OF CONTENT

    Chapter 1. Report Prologue

    Chapter 2. Market Introduction

    2.1 Definition

    2.2 Scope of the Study

    2.2.1 Research Objective

    2.2.2 Assumptions

    2.2.3 Limitations

    Chapter 3. Research Methodology

    3.1 Introduction

    3.2 Primary Research

    3.3 Secondary research

    3.4 Market Size Estimation

    Chapter 4. Market Dynamics

    4.1 Drivers

    4.2 Restrains

    4.3 Opportunities

    4.4 Challenges

    Chapter 5. Market Factor Analysis

    5.1 Porters Five Forces Analysis

    5.1.1 Bargaining Power of Suppliers

    5.1.2 Bargaining Power of Buyers

    5.1.3 Threat of New Entrants

    5.1.4 Threat of Substitutes

    5.1.5 Intensity of Rivalry

    5.2 Value Chain Analysis

    Chapter 6. Global Knee Replacement Market, by Product Type

    6.1 Introduction

    6.2 Total Knee Reconstructive Implants

    6.2.1 Fixed Bearing Implants

    6.2.2 Mobile Bearing Implants

    6.2.3 Medial Pivot Implants

    6.2.4 Others

    6.3 Partial Knee Reconstructive Implants

    6.4 Revision Knee Reconstructive Implants

    Chapter 7. Global Knee Replacement Market, by Material

    7.1 Introduction

    7.2 Metal Alloy

    7.3 Ceramic Material

    7.4 Strong Plastic Parts

    7.5 Others

    Chapter 8. Global Knee Replacement Market, by End User

    8.1 Introduction

    8.2 Hospitals and Clinics

    8.3 Specialty Centers

    8.4 Rehabilitation Centers

    Chapter 9. Global Knee Replacement Market, by Region

    9.1 Introduction

    9.2 America

    9.2.1 North America

    9.2.1.1 US

    9.2.1.2 Canada

    9.2.2 Latin America

    9.3 Europe

    9.3.1 Western Europe

    9.3.1.1 Germany

    9.3.1.2 France

    9.3.1.3 Italy

    9.3.1.4 Spain

    9.3.1.5 UK

    9.3.1.6 Rest of Western Europe

    9.3.2 Eastern Europe

    9.4 Asia-Pacific

    9.4.1 Japan

    9.4.2 China

    9.4.3 India

    9.4.4 Australia

    9.4.5 Republic of Korea

    9.4.6 Rest of Asia-Pacific

    9.5 Middle East & Africa

    9.5.1 Middle East

    9.5.2 Africa

    Chapter 10. Company Landscape

    10.1 Introduction

    10.2 Market Share Analysis

    10.3 Key Development & Strategies

    10.3.1 Key Developments

    Chapter 11 Company Profiles

    11.1 Zimmer Inc.

    11.1.1 Company Overview

    11.1.2 Product Type Overview

    11.1.3 Financials Overview

    11.1.4 Key Developments

    11.1.5 SWOT Analysis

    11.2 DePuy Synthes

    11.2.1 Company Overview

    11.2.2 Product Type Overview

    11.2.3 Financial Overview

    11.2.4 Key Developments

    11.2.5 SWOT Analysis

    11.3 Stryker

    11.3.1 Company Overview

    11.3.2 Product Type Overview

    11.3.3 Financial Overview

    11.3.4 Key Development

    11.3.5 SWOT Analysis

    11.4 Smith and Nephew

    11.4.1 Company Overview

    11.4.2 Technologys/Business Segment Overview

    11.4.3 Financial Overview

    11.4.4 Key Development

    11.4.5 SWOT Analysis

    11.5 Exactech, Inc.

    11.5.1 Company Overview

    11.5.2 Product Type Overview

    11.5.3 Financial overview

    11.5.4 Key Developments

    11.5.5 SWOT Analysis

    11.6 Corin Group

    11.6.1 Company Overview

    11.6.2 Product Type Overview

    11.6.3 Financial Overview

    11.6.4 Key Developments

    11.6.5 SWOT Analysis

    11.7 Aesculap Implants Systems LLC

    11.7.1 Overview

    11.7.2 Product Type Overview

    11.7.3 Financial Overview

    11.7.4 Key Developments

    11.7.5 SWOT Analysis

    11.8 Medacta International

    11.8.1 Overview

    11.8.2 Product Type/ Technology Overview

    11.8.3 Financials

    11.8.4 Key Developments

    11.8.5 SWOT Analysis

    11.9 Allegra Orthopaedics Limited

    11.9.1 Overview

    11.9.2 Product Type Overview

    11.9.3 Financials

    11.9.4 Key Developments

    11.9.5 SWOT Analysis

    11.10 Kinamed, Inc.

    11.10.1 Overview

    11.10.2 Product Type Overview

    11.10.3 Financials

    11.10.4 Key Developments

    11.10.5 SWOT Analysis

    11.11 Others

    11.11.1 Overview

    11.11.2 Product Type Overview

    11.11.3 Financials

    11.11.4 Key Developments

    11.11.5 SWOT Analysis

    Chapter 12. Appendix

    LIST OF TABLES

    Table 1 Global Knee Replacement Synopsis, 2020-2027

    Table 2 Global Knee Replacement Market Estimates and Forecast, 2020-2027, (USD Million)

    Table 3 Global Knee Replacement Market, by Region 2020-2027, (USD Million)

    Table 4 Global Knee Replacement Market, by Product Type 2020-2027, (USD Million)

    Table 5 Global Knee Replacement Market, by Material 2020-2027, (USD Million)

    Table 6 Global Knee Replacement Market, by End User 2020-2027, (USD Million)

    Table 7 North America: Knee Replacement Market, by Product Type 2020-2027, (USD Million)

    Table 8 North America: Knee Replacement Market, by Material 2020-2027, (USD Million)

    Table 9 North America: Knee Replacement Market, by End User 2020-2027, (USD Million)

    Table 10 US: Knee Replacement Market, by Product Type 2020-2027, (USD Million)

    Table 11 US: Knee Replacement Market, by Material 2020-2027, (USD Million)

    Table 12 US: Knee Replacement Market, by End User 2020-2027, (USD Million)

    Table 13 Canada: Knee Replacement Market, by Product Type 2020-2027, (USD Million)

    Table 14 Canada: Knee Replacement Market, by Material 2020-2027, (USD Million)

    Table 15 Canada: Knee Replacement Market, by End User 2020-2027, (USD Million)

    Table 16 Latin America: Knee Replacement Market, by Product Type 2020-2027, (USD Million)

    Table 17 Latin America: Knee Replacement Market, by Material 2020-2027, (USD Million)

    Table 18 Latin America: Knee Replacement Market, by End User 2020-2027, (USD Million)

    Table 19 Europe: Knee Replacement Market, by Product Type 2020-2027, (USD Million)

    Table 20 Europe: Knee Replacement Market, by Material 2020-2027, (USD Million)

    Table 21 Europe: Knee Replacement Market, by End User 2020-2027, (USD Million)

    Table 22 Western Europe: Knee Replacement Market, by Product Type 2020-2027, (USD Million)

    Table 23 Western Europe: Knee Replacement Market, by Material 2020-2027, (USD Million)

    Table 24 Western Europe: Knee Replacement Market, by End User 2020-2027, (USD Million)

    Table 25 Eastern Europe: Knee Replacement Market, by Product Type 2020-2027, (USD Million)

    Table 26 Eastern Europe: Knee Replacement Market, by Material 2020-2027, (USD Million)

    Table 27 Eastern Europe: Knee Replacement Market, by End User 2020-2027, (USD Million)

    Table 28 Asia-Pacific: Knee Replacement Market, by Product Type 2020-2027, (USD Million)

    Table 29 Asia-Pacific: Knee Replacement Market, by Material 2020-2027, (USD Million)

    Table 30 Asia-Pacific: Knee Replacement Market, by End User 2020-2027, (USD Million)

    Table 31 Middle East & Africa: Knee Replacement Market, by Product Type 2020-2027, (USD Million)

    Table 32 Middle East & Africa: Knee Replacement Market, by Material 2020-2027, (USD Million)

    Table 33 Middle East & Africa: Knee Replacement Market, by End User 2020-2027, (USD Million)

    LIST OF FIGURES

    Figure 1 Research Process

    Figure 2 Segmentation of the Global Knee Replacement Market

    Figure 3 Segmentation Market Dynamics for the Global Knee Replacement Market

    Figure 4 Global Knee Replacement Market Share, by Product Type, 2020

    Figure 5 Global Knee Replacement Market Share, by Material, 2020

    Figure 6 Global Knee Replacement Market Share, by End User, 2020

    Figure 7 Global Knee Replacement Market Share, by Region, 2020

    Figure 8 North America: Knee Replacement Market Share, by Country, 2020

    Figure 9 Europe: Knee Replacement Market Share, by Country, 2020

    Figure 10 Asia-Pacific: Knee Replacement Market Share, by Country, 2020

    Figure 11 Middle East & Africa: Knee Replacement Market Share, by Country, 2020

    Figure 12 Global Knee Replacement Market: Company Share Analysis, 2020 (%)

    Figure 13 Zimmer Inc.: Key Financials

    Figure 14 Zimmer Inc.: Segmental Revenue

    Figure 15 Zimmer Inc.: Geographical Revenue

    Figure 16 DePuy Synthes: Key Financials

    Figure 17 DePuy Synthes: Segmental Revenue

    Figure 18 DePuy Synthes: Geographical Revenue

    Figure 19 Stryker: Key Financials

    Figure 20 Stryker.: Segmental Revenue

    Figure 21 Stryker: Geographical Revenue

    Figure 22 Smith and Nephew.: Key Financials

    Figure 23 Smith and Nephew: Segmental Revenue

    Figure 24 Smith and Nephew: Geographical Revenue

    Figure 25 Exactech, Inc: Key Financials

    Figure 26 Exactech, Inc: Segmental Revenue

    Figure 27 Exactech, Inc: Geographical Revenue

    Figure 28 Corin Group: Key Financials

    Figure 29 Corin Group: Segmental Revenue

    Figure 30 Corin Group: Geographical Revenue

    Figure 31 Aesculap Implants Systems LLC: Key Financials

    Figure 32 Aesculap Implants Systems LLC: Segmental Revenue

    Figure 33 Aesculap Implants Systems LLC: Geographical Revenue

    Figure 34 Medacta International: Key Financials

    Figure 35 Medacta International: Segmental Revenue

    Figure 36 Medacta International: Geographical Revenue

    Figure 37 Allegra Orthopaedics Limited: Key Financials

    Figure 38 Allegra Orthopaedics Limited: Segmental Revenue

    Figure 39 Allegra Orthopaedics Limited: Geographical Revenue

    Figure 40 Kinamed, Inc.: Key Financials

    Figure 41 Kinamed, Inc.: Segmental Revenue

    Figure 42 Kinamed, Inc.: Geographical Revenue