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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:
|
| Breakup by Procedure |
|
| Breakup by Implant Type |
|
| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*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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