Global Knee Replacement Market Share, Size, Trends, Growth, Analysis: By Procedure: Total Knee Arthroplasty, Partial Knee Arthroplasty, Revision Knee Arthroplasty; By Implant Type: Fixed Bearing, Mobile Bearing, Others; By End Use; Regional Analysis; Market Dynamics; Competitive Landscape; Key Trends and Developments in the Market; 2023-2028

Global Knee Replacement Market Outlook

The global knee replacement market is expected to grow at a CAGR of 3.40% between 2023 and 2028.

 

Key Trends in the Market

Knee replacement, also frequently known as total knee replacement or knee arthroplasty is a surgical procedure that helps to resurface a knee. There are many conditions where a knee replacement may be required, for example, due to rheumatoid arthritis, gout, unusual bone growth, haemophilia, knee joint bone death, knee deformity, or knee injury. Injured or damaged cartilage and bone are removed from the knee and replaced with artificial materials such as plastic and metal.

 

  • The rising in the prevalence of orthopaedic disorders, Osteoarthritis (OA), and osteoporosis, along with lower extremity conditions is expected to drive the knee replacement market across the globe.
  • Technological advancements in knee replacement surgeries and materials used are resulting in greater accuracy and better results, due to which patients are more comfortable with getting knee replacements performed. The rising comfort factor regarding undergoing knee replacement and the corresponding high demand for the procedure are driving the market growth.
  • The increasing ageing population coupled with growing obesity among people are surging the number of people suffering from knee problems. While many try alternative modes of treatment, such as physiotherapy, weight loss, or medication, in some cases knee replacement becomes necessary.

 

Market Analysis

Based on the procedure, the knee replacement market can be segmented into total knee arthroplasty, partial knee arthroplasty, and revision knee arthroplasty. On the basis of implant type, the market is categorised into fixed bearing, and mobile bearing, among others. Based on the end use, the market is divided into hospitals, orthopaedic clinics, and ambulatory surgical centres, among others. The regional markets can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global knee replacement market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

 

  • Zimmer Biomet Holdings, Inc.
  • Stryker Corporation
  • MicroPort Scientific Corporation
  • Conformis, Inc.
  • Medacta Group SA
  • Johnson and Johnson Services Inc.
  • B. Braun Melsungen AG
  • Others

 

Market Share by End use

The hospital segment is expected to gain momentum in the knee replacement market across the globe on account of the availability of innovative treatment options and fully equipped surgical facilitates. The easy accessibility of hospitals is further influencing the segment growth among consumers during the forecast period.

 

As knee replacement is typically not an emergency procedure, more patients are seeking premium facilities and specialty clinics, fuelling the growth of the orthopaedic clinics segment in the market.

 

Market Share by Region

Geographically, the North American region occupies a significant market share for knee replacements on account of the surging prevalence osteoarthritis, rising geriatric population, and increase in popularity of knee replacements across the region. The availability of insurance coverage along with an increase in the number of trauma as well as accident cases across the region is further driving the market demand for knee replacement during the forecast period. The rapid adoption of innovative products and the well-established healthcare industry in the region is expected to fuel market growth across North America.

 

Competitive Landscape

Stryker Corporation is a leading medical technology company across the globe. The company aims to provide innovative services and products for surgical and medical treatments in orthopaedics, neurotechnology, and spines, that aid to improve hospital and patient outcomes.

 

MicroPort Scientific Corporation is a worldwide medical device manufacturer and developer based in China. The company produces and designs products for a variety of medical fields involving interventional radiology, cardiology, orthopaedics, surgery, and electrophysiology.

 

Medacta Group SA is an international corporation that specialises in the design, distribution, and production of advanced orthopaedic products, along with the development of accompanying surgical techniques.

 

Other market players include Zimmer Biomet Holdings, Inc., Conformis, Inc., Johnson and Johnson Services Inc., and B. Braun Melsungen AG, among others.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Procedure
  • Implant Type
  • End Use
  • Region
Breakup by Procedure
  • Total Knee Arthroplasty
  • Partial Knee Arthroplasty
  • Revision Knee Arthroplasty
Breakup by Implant Type
  • Fixed Bearing
  • Mobile Bearing
  • Others
Breakup by End Use
  • Hospitals
  • Orthopaedic Clinics
  • Ambulatory Surgical Centres
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Zimmer Biomet Holdings, Inc.
  • Stryker Corporation
  • MicroPort Scientific Corporation
  • Conformis, Inc.
  • Medacta Group SA
  • Johnson and Johnson Services Inc.
  • B. Braun Melsungen AG
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Knee Replacement Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Knee Replacement Historical Market (2018-2022) 
    8.3    Global Knee Replacement Market Forecast (2023-2028)
    8.4    Global Knee Replacement Market by Procedure
        8.4.1    Total Knee Arthroplasty
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Partial Knee Arthroplasty
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
        8.4.3    Revision Knee Arthroplasty
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2022)
            8.4.3.3    Forecast Trend (2023-2028)
    8.5    Global Knee Replacement Market by Implant Type
        8.5.1    Fixed Bearing
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Mobile Bearing
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Others
    8.6    Global Knee Replacement Market by End Use
        8.6.1    Hospitals
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022)
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Orthopaedic Clinics
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022)
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    Ambulatory Surgical Centres
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2022)
            8.6.3.3    Forecast Trend (2023-2028)
        8.6.4    Others
    8.7    Global Knee Replacement Market by Region
        8.7.1    North America
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2018-2022) 
            8.7.1.3    Forecast Trend (2023-2028)
        8.7.2    Europe
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2018-2022) 
            8.7.2.3    Forecast Trend (2023-2028)
        8.7.3    Asia Pacific
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2018-2022) 
            8.7.3.3    Forecast Trend (2023-2028)
        8.7.4    Latin America
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2018-2022) 
            8.7.4.3    Forecast Trend (2023-2028)
        8.7.5    Middle East and Africa
            8.7.5.1    Market Share
            8.7.5.2    Historical Trend (2018-2022) 
            8.7.5.3    Forecast Trend (2023-2028)
9    North America Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Zimmer Biomet Holdings, Inc.
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    Stryker Corporation
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    MicroPort Scientific Corporation
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Conformis, Inc.
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Medacta Group SA
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Johnson and Johnson Services Inc.
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    B. Braun Melsungen AG
            15.2.7.1    Company Overview
            15.2.7.2    Product Portfolio
            15.2.7.3    Demographic Reach and Achievements
            15.2.7.4    Certifications
        15.2.8    Others
16    Key Trends and Developments in the Market

 

List of Figures and Tables

1.    Global Knee Replacement Market: Key Industry Highlights, 2018 and 2028
2.    Global Knee Replacement Historical Market: Breakup by Procedure (USD Million), 2018-2022
3.    Global Knee Replacement Market Forecast: Breakup by Procedure (USD Million), 2023-2028
4.    Global Knee Replacement Historical Market: Breakup by Type (USD Million), 2018-2022
5.    Global Knee Replacement Market Forecast: Breakup by Type (USD Million), 2023-2028
6.    Global Knee Replacement Historical Market: Breakup by End Use (USD Million), 2018-2022
7.    Global Knee Replacement Market Forecast: Breakup by End Use (USD Million), 2023-2028
8.    Global Knee Replacement Historical Market: Breakup by Region (USD Million), 2018-2022
9.    Global Knee Replacement Market Forecast: Breakup by Region (USD Million), 2023-2028
10.    North America Knee Replacement Historical Market: Breakup by Country (USD Million), 2018-2022
11.    North America Knee Replacement Market Forecast: Breakup by Country (USD Million), 2023-2028
12.    Europe Knee Replacement Historical Market: Breakup by Country (USD Million), 2018-2022
13.    Europe Knee Replacement Market Forecast: Breakup by Country (USD Million), 2023-2028
14.    Asia Pacific Knee Replacement Historical Market: Breakup by Country (USD Million), 2018-2022
15.    Asia Pacific Knee Replacement Market Forecast: Breakup by Country (USD Million), 2023-2028
16.    Latin America Knee Replacement Historical Market: Breakup by Country (USD Million), 2018-2022
17.    Latin America Knee Replacement Market Forecast: Breakup by Country (USD Million), 2023-2028
18.    Middle East and Africa Knee Replacement Historical Market: Breakup by Country (USD Million), 2018-2022
19.    Middle East and Africa Knee Replacement Market Forecast: Breakup by Country (USD Million), 2023-2028
20.    Global Knee Replacement Market Structure

Key Questions Answered in the Report

The market is assessed to grow at a CAGR of 3.40% between 2023 and 2028.

The major market drivers are the increased prevalence of knee disorders and availability of effective knee replacements.

The key market trends include technological advancements in knee replacements and rising population of geriatric and obese patients requiring knee replacements.

The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The various procedures in the market for knee replacement include total knee arthroplasty, partial knee arthroplasty, and revision knee arthroplasty.

The primary implant types for knee replacement include fixed bearing, and mobile bearing, among others.

End uses of knee replacement include hospitals, orthopaedic clinics, and ambulatory surgical centres, among others.

The major players in the market are Zimmer Biomet Holdings, Inc., Stryker Corporation, MicroPort Scientific Corporation, Conformis, Inc., Medacta Group SA, Johnson and Johnson Services Inc., and B. Braun Melsungen AG, among others.

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