Knee Replacement Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2015-2020 and Forecast 2021-2027

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Global Knee Replacement Market by Procedure (Total Knee Replacement, Partial Knee Replacement, Revision Knee Replacement), by Bearing (Fixed-bearing Implants, Mobile-bearing Implants), by End-user (Hospitals, Orthopaedic Clinics, Ambulatory Surgical Centres) and Geography

 

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Report

Description

Global Knee Replacement Market was valued at USD $6.6 billion in 2020 and is anticipated to grow at $8.1 billion till 2027 recording a CAGR of 4.2% during the forecast period 2021-2027. Knee Replacement is one of the most common replacement surgery of joints which are undertaken by the patients with knee damaging diseases like post-traumatic, arthritis osteoarthritis/rheumatoid arthritis. Growing elderly patients and increase in number of surgeries undertaken is anticipated to grow the global knee replacement market. Various steps are included in implanting artificial device and replacing damaged knee. There are various type of implants made up of ceramic material, strong plastic parts or metal alloys, Several factors like rise in the prevalence of diseases like diabetes, osteoporosis, arthritis, obesity, growing ageing population increasing sports-related injuries, improving advanced technologies like minimally invasive surgeries and superior materials of implants are the factors driving the global knee replacement market. High cost of the surgery, rise in number of OEM’s and increase in awareness about non-surgical treatments like weight losing, exercises, walking aids, shoe inserts and painkiller medicines are the factors restraining the growth of global knee replacement market. Knee replacement is the most widely used procedure to treat knee arthritis pain. Advancements in the technologies of knee replacement like minimally invasive surgery, improvement in materials of implant and rise in success rates of the procedures are allowing people to undergo the knee replacement surgery. Technologies likev3D printed knee implants manufactured by the company ConforMIS in USA. For example, X3 Advanced Bearing Technology (in 2011) and Mako Robotic-Arm Assisted Technology (in 2017) and Zimmer Biomet has launched Persona Medial Congruent Bearing in March 2016, designed for providing natural motion for the knee by increasing stability of joints are boosting the growth of the market. According to U.S. Department of Health & Human Services about 294,000 children below age of 18 are suffering from various rheumatic conditions in U.S. In June, 2017, Zimmer Biomet Holdings introduced X-ray-based Patient Specific Instrument, X-PSI Knee System world’s 1st CE Marked surgical planning system. In June 2014, DePuy Synthes introduced 2 new technologies for ATTUNE Knee System Medialized Anatomic Patella and ATTUNE Rotating Platform

 


Knee Replacement Market

MARKET SUMMARY
-
4.2%
  • Study Period– 2021-2027
  • Base Year– 2020
  • CAGR– 4.2%
  • Largest Market– North America
  • Fastest Growing Market– Asia-Pacific

Global Knee Replacement Market

  • The global knee replacement market is classified on the basis of procedure, bearing, end-user and geography.
  • The diseased tissues and cartilages from the knee joint are removed and replaced with an artificial knee implant during knee arthroplasty surgery.
  • With an increase in the frequency of osteoarthritis and other knee disorders such as psoriatic arthritis and rheumatoid arthritis worldwide, demand for this operation is expected to skyrocket in the coming years. According to a survey conducted by the Arthritis Foundation, over 14 million people in the United States have symptomatic knee osteoarthritis.
  • Growing demand for minimally invasive surgical treatments and an increase in the geriatric population are expected to drive the growth rate in the coming years. Every year, more than 600,000 knee replacement procedures are performed in the United States, according to the Agency for Healthcare Research and Quality (AHRQ).
  • The younger generation, which has a high BMI, has also played a significant role in the advancement of procedures. During the projected period, the market is expected to benefit from rising healthcare spending and technical advancements in knee replacement surgery.
Market Key Players
  • Stryker
  • Zimmer
  • DePuy Synthes
  • Aesculap Implants Systems
  • Medacta
  • Exactech
  • CONMED
  • MicroPort Orthopedics
  • Kinamed
  • OMNIlife science
  • ConforMIS
Drivers and Restrains

Knee Replacement Market

One of the primary causes anticipated to drive demand for bone procedures in the future is a rise in the prevalence of knee osteoarthritis around the world. The demand for knee implants is expected to rise in the coming years as the rate of diagnosis of knee arthritis among adults rises. According to the Osteoarthritis Research Society International (OARSI), global knee osteoarthritis is expected to reach 5% of the population by 2050, and this number is expected to climb as the population ages. During the projection period, the rapid increase in the ageing population and the rapidly expanding obesity epidemics are likely to fuel demand for knee replacement surgery. The annual incidence of knee osteoarthritis in the United States is highest between the ages of 55 and 64, according to the Arthritis Foundation. Implants made of precious metals and designed with superior technology are used in knee replacement treatments. Furthermore, the cost of these products is increased by the strict standards that govern their approval. The availability of these devices has been limited in developing countries with low healthcare spending and a scarcity of trained surgeons.


North-America Got Significant Share

Knee Replacement Market

Knee replacement market is segmented as Latin America, Asia-Pacific, Europe, North America and The Middle East and Africa. North America is dominating in the global knee replacement market owing to the rise in geriatric population and increasing prevalence rate of arthritis and various joint. Asia-Pacific is anticipated to show significant growth due to the untapped opportunities, growing incorporation of implants in the orthopaedic procedures and increasing prevalence rate of arthritis and robust improvement in the healthcare infrastructure.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Key Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2015 to 2020) and forecast (2021 to 2027)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Knee Replacement Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.


Report

Table Of Content

  1. Executive summary
  2. Global Knee Replacement Market Introduction
    • Global Knee Replacement Market– Taxonomy
    • Global Knee Replacement Market–Definitions
      • End User
      • Procedure Type
  1. Global Knee Replacement Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Knee Replacement Market Dynamics – Factors Impact Analysis
    • Global Knee Replacement Market– Recent Market Introductions
  2. Global Knee Replacement Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024
    • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market Oppurtunity Analysis
  3. Global Knee Replacement Market Forecast, By Procedure Type, 2013 – 2017 and Forecast, 2018 – 2024
    • Total Knee Replacement
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Partial Knee Replacement
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Revision Knee Replacement
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Knee Replacement Market Forecast, By Bearing Type, 2013 – 2017 and Forecast, 2018 – 2024
    • Fixed-bearing Implants
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Mobile-bearing Implants
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Knee Replacement Market Forecast, By End User, 2013 – 2017 and Forecast, 2018 – 2024
    • Hospitals
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Orthopaedic Clinics
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Ambulatory Surgical Centers
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Knee Replacement Market Forecast, By Region, 2013 – 2017 and Forecast, 2018 – 2024
    • North America
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Knee Replacement Market- Opportunity Analysis Index – By Procedure Type, By Bearing Type, By End User, and Region, 2018 – 2024
  2. North America Knee Replacement Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024
    • Procedure Type Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Total Knee Replacement
      • Partial Knee Replacement
      • Revision Knee Replacement
    • Bearing Type Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Fixed-bearing Implants
      • Mobile-bearing Implants
    • End User Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Hospitals
      • Orthopedic Clinics
      • Ambulatory Surgical Centers
    • Country Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • US.
      • Canada
    • North America Knee Replacement Market- Opportunity Analysis Index – By Procedure Type, By Bearing Type, By End User, and Country, 2018 – 2024
    • North America Knee Replacement Market Dynamics – Trends
  3. Europe Knee Replacement Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024
    • Procedure Type Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Total Knee Replacement
      • Partial Knee Replacement
      • Revision Knee Replacement
    • Bearing Type Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Fixed-bearing Implants
      • Mobile-bearing Implants
    • End User Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Hospitals
      • Orthopedic Clinics
      • Ambulatory Surgical Centers
    • Country Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Germany
      • UK
      • France
      • Spain
      • Italy
      • Russia
      • Poland
      • Rest of Europe
    • Europe Knee Replacement Market- Opportunity Analysis Index – By Procedure Type, By Bearing Type, By End User, and Country, 2018 – 2024
    • Europe Knee Replacement Market Dynamics – Trends
  4. Asia-Pacific Knee Replacement Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024
    • Procedure Type Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Total Knee Replacement
      • Partial Knee Replacement
      • Revision Knee Replacement
    • Bearing Type Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Fixed-bearing Implants
      • Mobile-bearing Implants
    • End User Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Hospitals
      • Orthopedic Clinics
      • Ambulatory Surgical Centers
    • Country Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn),
  5. Y-o-Y Growth (%), and Market Share (%)
    • Japan
    • China
    • India
    • ASEAN
    • Australia & New Zealand
    • Rest of Asia-Pacific
  • Asia-Pacific Knee Replacement Market- Opportunity Analysis Index – By Procedure Type, By Bearing Type, By End User, and Country, 2018 – 2024
  • Asia-Pacific Knee Replacement Market Dynamics – Trends
  1. Latin America Knee Replacement Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024
    • Procedure Type Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Total Knee Replacement
      • Partial Knee Replacement
      • Revision Knee Replacement
    • Bearing Type Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Fixed-bearing Implants
      • Mobile-bearing Implants
    • End User Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Hospitals
      • Orthopedic Clinics
      • Ambulatory Surgical Centers
    • Country Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Brazil
      • Mexico
      • Argentina
      • Venezuela
      • Rest of Latin America
    • Latin America Knee Replacement Market- Opportunity Analysis Index – By Procedure Type, By Bearing Type, End User, and Country, 2018 – 2024
    • Latin America Knee Replacement Market Dynamics – Trends
  2. Middle East & Africa Knee Replacement Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024
    • Procedure Type Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Total Knee Replacement
      • Partial Knee Replacement
      • Revision Knee Replacement
    • Bearing Type Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Fixed-bearing Implants
      • Mobile-bearing Implants
    • End User Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Hospitals
      • Orthopedic Clinics
      • Ambulatory Surgical Centers
    • Country Analysis (2013 – 2017) and Forecast (2018 – 2024) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Gulf Cooperation Council (GCC) Countries
      • Israel
      • South Africa
      • Rest of MEA
    • MEA Knee Replacement Market- Opportunity Analysis Index – By Procedure Type, By Bearing Type, By End User, and Country, 2018 – 2024
    • MEA Knee Replacement Market Dynamics – Trends
  3. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Drug & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
      • Stryker (U.S.)
      • Zimmer Inc., (U.S.)
      • DePuy Synthes (U.S.)
      • Aesculap Implants Systems, LLC (U.S.)
      • Medacta (Switzerland)
      • Exactech, Inc. (U.S.)
      • CONMED (U.S.)
      • MicroPort Orthopedics, Inc (U.S.)
      • Kinamed, Inc.(U.S.)
      • OMNIlife science Inc. (U.S.)
      • ConforMIS (U.S.)
  4. Research Methodology
  5. Key Assumptions and Acronyms

Report

Company Profile

  • Stryker (U.S.)
  • Zimmer Inc., (U.S.)
  • DePuy Synthes (U.S.)
  • Aesculap Implants Systems, LLC (U.S.)
  • Medacta (Switzerland)
  • Exactech, Inc. (U.S.)
  • CONMED (U.S.)
  • MicroPort Orthopedics, Inc (U.S.)
  • Kinamed, Inc.(U.S.)
  • OMNIlife science Inc. (U.S.)
  • ConforMIS (U.S.)

Description

Global Knee Replacement Market was valued at USD $6.6 billion in 2020 and is anticipated to grow at $8.1 billion till 2027 recording a CAGR of 4.2% during the forecast period 2021-2027. Knee Replacement is one of the most common replacement surgery of joints which are undertaken by the patients with knee damaging diseases like post-traumatic, arthritis osteoarthritis/rheumatoid arthritis. Growing elderly patients and increase in number of surgeries undertaken is anticipated to grow the global knee replacement market. Various steps are included in implanting artificial device and replacing damaged knee. There are various type of implants made up of ceramic material, strong plastic parts or metal alloys, Several factors like rise in the prevalence of diseases like diabetes, osteoporosis, arthritis, obesity, growing ageing population increasing sports-related injuries, improving advanced technologies like minimally invasive surgeries and superior materials of implants are the factors driving the global knee replacement market. High cost of the surgery, rise in number of OEM’s and increase in awareness about non-surgical treatments like weight losing, exercises, walking aids, shoe inserts and painkiller medicines are the factors restraining the growth of global knee replacement market. Knee replacement is the most widely used procedure to treat knee arthritis pain. Advancements in the technologies of knee replacement like minimally invasive surgery, improvement in materials of implant and rise in success rates of the procedures are allowing people to undergo the knee replacement surgery. Technologies likev3D printed knee implants manufactured by the company ConforMIS in USA. For example, X3 Advanced Bearing Technology (in 2011) and Mako Robotic-Arm Assisted Technology (in 2017) and Zimmer Biomet has launched Persona Medial Congruent Bearing in March 2016, designed for providing natural motion for the knee by increasing stability of joints are boosting the growth of the market. According to U.S. Department of Health & Human Services about 294,000 children below age of 18 are suffering from various rheumatic conditions in U.S. In June, 2017, Zimmer Biomet Holdings introduced X-ray-based Patient Specific Instrument, X-PSI Knee System world’s 1st CE Marked surgical planning system. In June 2014, DePuy Synthes introduced 2 new technologies for ATTUNE Knee System Medialized Anatomic Patella and ATTUNE Rotating Platform

 

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