Overview


According to FutureWise analysis the market for knee replacement in 2023 is US$ 9.45 billion, and is expected to reach US$ 12.56 billion by 2031 at a CAGR of 3.62%.

Knee replacement, sometimes referred to as knee arthroplasty, is a surgical operation in which an artificial joint, or prosthesis, is used to replace a diseased or damaged knee joint. The procedure is typically performed to relieve pain and improve mobility in patients with severe knee problems, such as osteoarthritis, rheumatoid arthritis, and post-traumatic arthritis. The damaged knee joint parts are removed during a knee replacement procedure and replaced with synthetic ceramic, metal, or plastic parts. The components are designed to mimic the natural shape and function of the knee joint, allowing for improved movement and reduced pain.

Complete knee replacement and partial knee replacement are the two primary types of knee replacement surgery. Complete knee replacement involves replacing all three compartments of the knee joint, while partial knee replacement includes merely repairing the knee joint's damaged region. Knee replacement surgery is typically performed under general anesthesia, and the procedure usually takes about 1-2 hours to complete. After the surgery, patients typically need to stay in the hospital for a few days and undergo rehabilitation to regain mobility and strength in the knee joint. Knee replacement surgery is an effective and safe treatment option for patients with severe knee problems who have not improved after receiving non-surgical therapy such as medication, physical therapy, and injections.

FutureWise Market Research has published a report that provides an insightful analysis of Knee Replacement Market trends that are affecting the overall market growth. This report will provide a detailed analysis of market share, regional insights, and competitor analysis that includes stature of key manufacturers operational in this industry. By the end of the forecast period FutureWise research analysts projects that Knee Replacement Market will experience a significant growth. According to the analysis done, this report will help understand the information referring to the total valuation held by this industry. Additionally, this report will help in understanding the growth opportunities held by various segments of this market, further assist in making better strategic and expansion decisions by key stakeholders of an organization.
  • Zimmer Inc.
  • Conformis
  • Stryker
  • Smith and Nephew
  • Exactech, Inc.
  • Corin Group
  • Aesculap Implants Systems LLC
  • Medacta International.
  • Allegra Orthopaedics Limited
  • Kinamed, Inc.
  • Johnson And Johnson (DePuy Synthes Companies)
  • MicroPort Orthopedics Inc.
  • Medtronic PLC

(Note: The list of the major players will be updated with the latest market scenario and trends)

Recent developments by key players in Knee Replacement Market:

  • In June 2021, Ortho Development Corporation's Balanced Knee System and TriMax prostheses, used in conjunction with Think Surgical's TSolution One Total Knee Application, received FDA approval, according to a joint announcement from Think Surgical and Ortho Development.

Several factors are expected to drive significant growth in the global knee replacement market in the coming years. One of the primary drivers of the knee replacement market is the aging global population. As the population age, they are more likely to develop knee problems and require knee replacement surgery. According to the WHO, the global population aged 60 years and above is anticipated to reach 2 billion by 2050. This demographic shift is expected to lead to an increase in demand for knee replacement surgeries. Another key driver of the knee replacement market is the increasing prevalence of obesity and related conditions such as diabetes and hypertension. Obesity is a significant risk factor for knee problems and is linked to an elevated risk of knee replacement surgery. As the global prevalence of obesity continues to rise, the demand for knee replacement surgery is expected to increase. Advancements in knee replacement technology and techniques are also likely to promote the growth of the knee replacement market. For example, the development of minimally invasive surgical techniques has made knee replacement surgery less invasive and has reduced recovery times. Additionally, the use of computer-assisted surgery and patient-specific implants has improved the accuracy and precision of knee replacement procedures. The knee replacement market is also being driven by the increasing adoption of outpatient knee replacement surgery. This approach has grown in popularity in recent years, as it reduces hospital stays and costs and improves patient satisfaction.

Despite these drivers, there are also some factors that may hinder the growth of the knee replacement market. These include the high cost of knee replacement surgery, which may limit access to the procedure for some patients, and the risk of complications associated with knee replacement surgery, such as infection, blood clots, and implant failure.

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

By Material

  • Metal Alloy
  • Ceramic Material
  • Strong Plastic Parts
  • Others

By End User

  • Hospitals and Clinics
  • Specialty Centers
  • Rehabilitation Centers

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

This market research report also emphasis on factors affecting the growth rate in various regions listed above. A deep-down analysis of region will also be provided in the final version of this market which is based on conclusion of primary interviews and secondary data point gathered during the process.

By region, the market is segmented into North America, Latin America, Europe, Asia-Pacific, and Middle East & Africa. North America registered the highest share in the market in 2022. Throughout the forecast period, North America is anticipated to dominate the global market for knee replacements. Increasing accident rates and a rise in the number of individuals with degenerative conditions are among the reasons contributing to the surge. Additionally, some of the reasons propelling the growth of the knee replacement market in the United States include significant product releases, high concentrations of market participants or manufacturer's presence, acquisitions & collaborations among leading players in the nation. For instance, the most recent hand-held smart equipment for knee replacement surgery, Lantern, was introduced in November 2021 by OrthAlign, a privately held business in the United States. It is a hand-held smart tool that can be used with any implant platform and surgical approach. Such continual product introductions are expected to boost market expansion in the nation. Therefore, it is anticipated that the studied market will grow in the North America region as a result of the aforementioned factors.
  • Tier 1 players- established companies in the market with a major market share
  • Tier 2 players
  • Emerging players which are growing rapidly
  • New Entrants
  • Growth prospects
  • SWOT analysis
  • Key trends
  • Key data-points affecting market growth
  • To provide with an exhaustive analysis on the Knee Replacement Market By Product Type, By Material, By End User and By Region.
  • To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
  • To evaluate and forecast micro-markets and the overall market
  • To predict the market size, in key regions— North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • To record and evaluate competitive landscape mapping- product launches, technological advancements, mergers and expansions
  • We have a flexible delivery model and you can suggest changes in the scope/table of content as per your requirement
  • The customization Mobility Care offered are free of charge with purchase of any license of the report
  • You can directly share your requirements/changes to the current table of content to: sales@futurewiseresearch.com

Table of Contents


  • 1.   Market Introduction

    •   1. Objectives of the Study
        2. Market Definition
        3. Market Scope
         3.1. Years Considered for the Study
         3.2. Market Covered
        4. Currency
        5. Limitations
        6. Stakeholders

  • 2.   Research Methodology

    •   1. Research Data
         1.1. Secondary Data
          1.1.1. Key Data from Secondary Sources
         1.2. Primary Data
          1.2.1. Key Data from Primary Sources
        2. Market Size Estimation
        3. Market Breakdown and Data Triangulation
        4. Assumptions for the Study

  • 3.   Executive Summary
    •   1. Market Outlook
        2. Segment Outlook
        3. Competitive Insights
  • 4.   Knee Replacement Market Variables, Trends and Scope

    •   1. Market LineProducts Outlook
        2. Penetration and Growth Prospect Mapping
        3. Industry Value Chain Analysis
        4. Cost Analysis Breakdown
        5. Technology Overview
        6. Regulatory Framework
         6.1. Reimbursement Framework
         6.2. Standards and Compliances

  • 5.   Market Overview
    •   1. Market Dynamics
         1.1. Market Driver Analysis
          1.1.1. Increasing focus of Knee Replacement Companies on Brand Protection
          1.1.2. Untapped Opportunities in Emerging Regions
         1.2. Market Restraint Analysis
          1.2.1. High Cost Associated with Implementation of Predictive Analysis
         1.3. Industry Challenges
          1.3.1. Presence of Ambiguous Regulatory Framework
  • 6.   Knee Replacement Market Analysis Tools
    •   1. Industry Analysis - Porter’s
         1.1. Supplier Power
         1.2. Buyer Power
         1.3. Substitution Threat
         1.4. Threat from New Entrants
         1.5. Competitive Rivalry
        2. Pestel Analysis
         2.1. Political Landscape
         2.2. Environmental Landscape
         2.3. Social Landscape
         2.4. Technology Landscape
         2.5. Legal Landscape
        3. Major Deals And Strategic Alliances Analysis
         3.1. Joint Ventures
         3.2. Mergers and Acquisitions
         3.3. Licensing and Partnership
         3.4. Technology Collaborations
         3.5. Strategic Divestments
        4. Market Entry Strategies
        5. Case Studies
  • 7.   Knee Replacement Market, By Product Type Historical Analysis and Forecast 2023-2031 (USD Million)

    •   1. Total Knee Reconstructive Implants
         1.1. Fixed Bearing Implants
         1.2. Mobile Bearing Implants
         1.3. Medial Pivot Implants
         1.4. Others
        2. Partial Knee Reconstructive Implants
        3. Revision Knee Reconstructive Implants

  • 8.   Knee Replacement Market, By Material Historical Analysis and Forecast 2023-2031 (USD Million)

    •   1. Metal Alloy
        2. Ceramic Material
        3. Strong Plastic Parts
        4. Others

  • 9.   Knee Replacement Market, By End User Historical Analysis and Forecast 2023-2031 (USD Million)

    •   1. Hospitals and Clinics
        2. Specialty Centers
        3. Rehabilitation Centers

  • 10.   North America Knee Replacement Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)

    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. U.S.A
         2.2. Canada
         2.3. Mexico
        3. Market Size (USD Million) Forecast for North America 2023-2031

  • 11.   Latin America Knee Replacement Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)

    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. Brazil
         2.2. Venezuela
         2.3. Argentina
         2.4. Rest of Latin America
        3. Market Size (USD Million) Forecast for Latin America 2023-2031

  • 12.   Europe Knee Replacement Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)

    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. Germany
         2.2. U.K
         2.3. France
         2.4. Italy
         2.5. Spain
         2.6. Russia
         2.7. Poland
         2.8. Rest of Europe
        3. Market Size (USD Million) Forecast for Europe 2023-2031

  • 13.   Asia Pacific Knee Replacement Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)

    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. Japan
         2.2. China
         2.3. India
         2.4. Australia and New Zealand
         2.5. ASEAN
         2.6. Rest of Asia Pacific
        3. Market Size (USD Million) Forecast for Asia Pacific 2023-2031

  • 14.   Middle East and Africa Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)

    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. GCC
         2.2. Israel
         2.3. South Africa
         2.4. Rest of MEA
        3. Market Size (USD Million) Forecast for MEA 2023-2031

  • 15.   Market Share Analysis and Competitive Landscape
    •   1. Global Landscape - Key Players, Revenue and Presence
        2. Global Share Analysis - Key Players (Tier 1, Tier 2, Tier 3)
        3. Global Emerging Companies
        4. North America - Market Share Analysis and Key Regional Players
        5. Europe - Market Share Analysis and Key Regional Players
        6. Asia Pacific - Market Share Analysis and Key Regional Players
        7. Global Key Player - Growth Matrix
  • 16.   Company Profiles (Competition Dashboard, Competitors Deep Dive, Products Offered and Financial Layouts)

    •   1. Zimmer Inc.
         1.1. Company Overview
         1.2. Product Portfolio
         1.3. SWOT Analysis
         1.4. Financial Overview
         1.5. Strategic Overview
        2. Conformis
         2.1. Company Overview
         2.2. Product Portfolio
         2.3. SWOT Analysis
         2.4. Financial Overview
         2.5. Strategic Overview
        3. Stryker
         3.1. Company Overview
         3.2. Product Portfolio
         3.3. SWOT Analysis
         3.4. Financial Overview
         3.5. Strategic Overview
        4. Smith and Nephew
         4.1. Company Overview
         4.2. Product Portfolio
         4.3. SWOT Analysis
         4.4. Financial Overview
         4.5. Strategic Overview
        5. Exactech, Inc.
         5.1. Company Overview
         5.2. Product Portfolio
         5.3. SWOT Analysis
         5.4. Financial Overview
         5.5. Strategic Overview
        6. Corin Group
         6.1. Company Overview
         6.2. Product Portfolio
         6.3. SWOT Analysis
         6.4. Financial Overview
         6.5. Strategic Overview
        7. Aesculap Implants Systems LLC
         7.1. Company Overview
         7.2. Product Portfolio
         7.3. SWOT Analysis
         7.4. Financial Overview
         7.5. Strategic Overview
        8. Medacta International.
         8.1. Company Overview
         8.2. Product Portfolio
         8.3. SWOT Analysis
         8.4. Financial Overview
         8.5. Strategic Overview
        9. Allegra Orthopaedics Limited
         9.1. Company Overview
         9.2. Product Portfolio
         9.3. SWOT Analysis
         9.4. Financial Overview
         9.5. Strategic Overview
        10. Kinamed, Inc.
         10.1. Company Overview
         10.2. Product Portfolio
         10.3. SWOT Analysis
         10.4. Financial Overview
         10.5. Strategic Overview
        11. Johnson And Johnson (DePuy Synthes Companies)
         11.1. Company Overview
         11.2. Product Portfolio
         11.3. SWOT Analysis
         11.4. Financial Overview
         11.5. Strategic Overview
        12. MicroPort Orthopedics Inc.
         12.1. Company Overview
         12.2. Product Portfolio
         12.3. SWOT Analysis
         12.4. Financial Overview
         12.5. Strategic Overview
        13. Medtronic PLC
         13.1. Company Overview
         13.2. Product Portfolio
         13.3. SWOT Analysis
         13.4. Financial Overview
         13.5. Strategic Overview

  • 17.   Pre and Post COVID-19 Impact
    •   1. Positive influence on the healthcare industry
        2. The financial disruption of the manufacturing sector
        3. Impact of COVID-19 on emerging companies
        4. Significant mandates in the healthcare regulations initiated by administrations
        5. The overall economic slowdown of the developing and developed nations
  • 18.   FutureWise SME Key Takeaway Points for Client

Ask for Discount
Buy Now
Customize This Report
  • We Offer Special Discounts for start-ups, NGOs, and Educational & Research institutions.

Need Assistance

  • UK : +44 141 628 9353
  • US : +1 347 709 4931

What you get

  • Excel Dataset
  • Market Overview
  • Infographics
  • PowerPoint Presentation
  • PDF Report

What's included

  • Consumer Perception and Procurement
  • Market Data Forecast
  • Competitive Analysis
  • Risks and Opportunity Assessment
  • Market Trends and Dynamics
Partner

Our Clients

image0
image1
image2
image3
image4
image5
image6
image7
image8
image9
image10
image11
image11
image11
image11
image11
image11
image11
image11
image11
image11
image11
image11
image11
image11
image11