Knee Replacement Market, By Product (Total Knee Replacement, Partial Knee Replacement, Kneecap Replacement, and Complex (or revision) Knee Replacement), By End Users (Hospitals, Orthopedic Centers, and Other), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2029

Report Code: PMI449820 | Publish Date: May 2022 | No. of Pages: 148

Global Knee Replacement Market Overview

Knee replacement is the joint replacement surgeries which will be undertaken for patients with knee damaging diseases consisting of osteoarthritis, post-traumatic arthritis or atrophic arthritis. The growing quantity of aged patients accompanied via the rising sort of surgical procedures undertaken is predicted to develop the worldwide knee alternative market. Current material innovations within the equipment associated with knee replacement surgeries have released a huge capacity for the expansion of the market within the next years. The rising acceptance of robotic-assisted knee surgeries will cause an upsurge in adoption throughout the planet. The excessive incidence of knee osteoarthritis will produce numerous opportunities for growth for the firms operating within the market.

The global knee replacement market accounted for 9.7 billion in 2020 and is estimated to be US$ 14.2 billion by 2029 and is anticipated to register a CAGR of 4.3%.

Impact of Covid-19 pandemic on market

With the outbreak of the COVID-19, various businesses are at the forefront to combat this pandemic. The pandemic has hindered the industrial supply chain and also disrupted the product segment. Government across the countries has imposed strict lockdown to limit the spread of disease. Leading players in the orthopedic world experience a significant drop in the revenues due to the ban on elective surgical procedures. This report will quantify the impact of pandemic on knee replacement market.

Global Knee Replacement Market Dynamics

Increasing the demand for Knee Replacement

Growing number of patients with osteoporosis is expected to propel the total knee replacement industry growth positively. According to the National Osteoporosis Foundation, approximately 10 million Americans are affected with osteoporosis and another 44 million have low bone density. Such high incidences of osteoporosis have placed the population at an increased risk, thereby increasing the demand for knee replacement products. Development of non-invasive surgical procedures that cause minimum pain is further expected to drive the total knee replacement market demand.

Technological Advancements

Increasing awareness about the material innovations and design of knee implants and robot assisted knee surgeries are currently becoming the key trends impacting the sales of these products used in the replacement surgeries. Robot assisted technology is promoting higher accuracy in procedures and has reduced the dependence of procedural outcomes on the surgeons. However, high cost of orthopedic procedures and limited availability of skilled surgeons might hamper the market.

Access Crucial Insights at a Fraction of the Cost | Request Your Discount

Global Knee Replacement Market Segmentation

 

The global knee replacement market is segmented based on product, end users and region.

On the basis of product, the global knee replacement market is segmented into total knee replacement, partial knee replacement, kneecap replacement, and complex (or revision) knee replacement. Based on end users, the target market segmented into hospitals, orthopedic centers, and other.

On region the global knee replacement market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominates the market, due to the presence of significant market players and increase within the prevalence of individuals affected by degenerative diseases. Within the U.S., 300,000 per annum knee replacement procedures are performed, and therefore the number is predicted to extend by 525, by the year 2030. Additionally, researchers of the National Institutes of Health’s (NIH) and National Institute of Arthritis and Musculoskeletal and Skin Diseases (NIAMS) are that specialize in improving the knee replacement surgery by replacing the weight-bearing surfaces of the knee. Due to these factors and the high prevalence of osteoarthritis within the region, the market is predicted to grow further, over the forecast period.

Reduce costs by up to 30% with a custom report tailored to your specific needs | Request Customized Report

Report Scope:

Attribute

Details

Base year for estimation

2020

Forecast period

2020 – 2029

Market representation

Revenue in USD Million & CAGR from 2020 – 2029

Market Segmentation

By Product- Total Knee Replacement, Partial Knee Replacement, Kneecap Replacement, and Complex (or revision) Knee Replacement

By End Users- Hospitals, Orthopedic Centers, and Other

Delivery Mode Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029. For the purpose of this study, has segmented the global knee replacement market report based on product, end users, and region.

Global Knee Replacement Market, By Product:

  • Total Knee Replacement
  • Partial Knee Replacement
  • Kneecap Replacement
  • Complex (or revision) Knee Replacement

Global Knee Replacement Market, By End Users:

  • Hospitals
  • Orthopedic Centers
  • Other

Global Knee Replacement Market, By Region:

      • North America
          • U.S.
          • Canada
      • Europe
          • Germany
          • UK
          • France
          • Russia
          • Italy
          • Rest of Europe
      • Asia Pacific
          • China
          • India
          • Japan
          • South Korea
          • Rest of Asia Pacific
      • Latin America
          • Brazil
          • Mexico
          • Rest of Latin America
      • Middle East & Africa
          • GCC
          • Israel
          • South Africa
          • Rest of Middle East & Africa

Global Knee Replacement Market Key Players

The key players operating in the global knee replacement market includes Stryker, Smith & Nephew, Medacta, MicroPort Scientific, B. Braun, ConforMIS, DePuy Synthes, Corin, DJO Global and Zimmer Biomet. The market is especially characterized by collaborations and partnerships between the businesses and acquisitions of smaller players as a part of strategic expansion as well as launching their new product specimen. For instance, in March 2018, Smith and Nephew announced commercial release of bi-cruciate retaining Journey II XR total knee arthroplasty across the U.S. and Japan. The product launch was aimed at capturing large customer base with innovative product offering.

Global Knee Replacement Market Company Profile

  • Stryker
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Smith & Nephew
  • Medacta
  • MicroPort Scientific
  • B. Braun
  • ConforMIS
  • DePuy Synthes
  • Corin
  • DJO Global
  • Zimmer Biomet

Global Knee Replacement Market Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years Considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Thickness Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Purview
    • Executive Summary
    • Key Findings—Global Outlook for Knee Replacement Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Product
      • Market Snippet, By End Users
      • Market Snippet, By Region
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Global Knee Replacement Market, By Product, 2019 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Segment Trends
    • Total Knee Replacement
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Partial Knee Replacement
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Kneecap Replacement
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Complex (or revision) Knee Replacement
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
  6. Global Knee Replacement Market, By End Users, 2019 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Segment Trends
    • Hospitals
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Orthopedic Centers
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Other
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
  7. Global Knee Replacement Market, By Region, 2019 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Mn), By Product, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By End Users, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Mn), By Product, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By End Users, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Mn), By Product, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By End Users, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast (US$ Mn), By Product, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By End Users, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Market Size and Forecast (US$ Mn), By Product, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By End Users, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East
  8. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  9. Company Profiles
      • Stryker
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
        • Business Strategies
      • Smith & Nephew
      • Medacta
      • MicroPort Scientific
      • B. Braun
      • ConforMIS
      • DePuy Synthes
      • Corin
      • DJO Global
      • Zimmer Biomet
  10. The Last Word
    • Future Impact
    • About Us
    • Contact

FAQs

The global knee replacement market is segmented based on product, end users and region.

Growing number of patients with osteoporosis is expected to propel the total knee replacement industry growth positively.

North America dominates the market, due to the presence of significant market players and increase within the prevalence of individuals affected by degenerative diseases.

The key players operating in the global knee replacement market includes Stryker, Smith & Nephew, Medacta, MicroPort Scientific, B. Braun, ConforMIS, DePuy Synthes, Corin, DJO Global and Zimmer Biomet.