Global Knee Replacement Devices
Market Report
2025
Delivery Includes:- Market Timeline 2021 till 2033, Market Size, Revenue/Volume Share, Forecast and CAGR, Competitor Analysis, Regional Analysis, Country Analysis, Segment Analysis, Market Trends, Drivers, Opportunities, Restraints, ESG Analysis, Porters Analysis, PESTEL Analysis, Market Attractiveness, Patent Analysis, Technological Trend, SWOT Analysis, COVID-19 Analysis, Consumer Behavior Analysis, etc.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Knee Replacement market size is USD XX million in 2023 and will expand at a compound annual growth rate (CAGR) of XX% from 2024 to 2031.
2021 | 2025 | 2033 | CAGR | |
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Global Knee Replacement Devices Market Sales Revenue | $ 8.75 Billion | 121212 | 121212 | 3.37% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Implant Type |
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Market Split by Procedure |
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Market Split by End User |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Knee Replacement Devices Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Knee replacement, also known as knee arthroplasty, is a type of joint replacement surgery in which the diseased knee tissues are removed and replaced with an implant or artificial joint. Patients with osteoarthritis, rheumatoid arthritis, or post-traumatic arthritis are treated with this kind of surgery. Materials like ceramic, plastic, or metal alloys are utilised to make implants that are used during surgical procedures. Resurfacing damaged knee joint components and relieving patients' persistent knee pain are the main objectives of knee replacement surgery.
Rising Osteoarthritis Prevalence to Fuel Market Growth-
One of the main causes predicted to drive up demand for bone procedures is the rising global prevalence of osteoarthritis in the knee. In the upcoming years, it is anticipated that the demand for knee implants will rise due to an increase in the adult population's diagnostic rate of knee arthritis. The Osteoarthritis Research Society International (OARSI) reports that as the world's population ages, the prevalence of osteoarthritis in the knee is expected to increase and is expected to reach 5%.
During the projection period, there will probably be a large increase in demand for knee replacement surgery due to the aging population's quick increase and the obesity epidemic's expanding pace. According to the World Health Organisation, approximately 73% of those with osteoarthritis are above the age of 55.
The global increase in the prevalence of osteoarthritis and other joint conditions including psoriatic and rheumatoid arthritis is a major factor driving the growth of the knee replacement device market. For example, statistics released by the Arthritis Foundation estimate that 14 million Americans have symptomatic osteoarthritis in their knees as of 2020. Furthermore, the European Journal of Rheumatology reports that in 2020, there were an anticipated 200 million individuals in the United States and Europe with osteoporosis condition, with 30% of those affected being women.
Source- https://www.arthritis.org/getmedia/e1256607-fa87-4593-aa8a-8db4f291072a/2019-abtn-final-march-2019.pdf
Consequently, an increase in the number of patients with osteoporosis problems has raised the need for knee replacement surgery, which has a major positive impact on the market's growth.
The main factors affecting the sales of these items utilized in replacement procedures are currently rising awareness of the material developments and designs of knee implants and robot-assisted knee surgeries. Robotic technology is encouraging increased procedural accuracy and lowering surgeons' reliance on the results of their work. Additionally, several significant industry participants are expanding their product offerings to include robotic surgery in addition to more extensive knee implants. For example, in order to obtain access to the Navio Surgical System, which provides robotic assistance in partial knee surgeries using a CT-free navigation system and a handheld robotic bone shaping device, Smith & Nephew bought Blue Belt Holdings, Inc. in 2016.
Source- https://www.smith-nephew.com/en/news/2016/01/05/20160105-sn-completes-acquisition-of-surgical-robotics-business-blue-belt-technologies
Thus, the market for knee replacements is expected to rise at a faster rate in the upcoming years because of the rising demand for customized knee implants and the entry of new competitors who are supplying cutting-edge knee implants.
Patients who need knee Knee Replacement surgery are most frequently young persons who have had knee joint injuries such as meniscal or ligament tears. In order to speed up the production of new cartilage in joints, methods such as autologous chondrocytes and cell-based cartilage resurfacing are utilized to heal damaged cartilage. Arthritis can be delayed or avoided by strengthening and rebuilding cartilage, which also significantly reduces joint discomfort and increases joint mobility. Orthopedic surgeons can use minimally invasive arthroscopy to remove or repair loose cartilage fragments. Using tiny incisions, surgeons perform arthroscopy procedures by inserting thin, flexible surgical instruments fitted with cameras. This kind of cartilage restoration has the benefit of being completed by surgeons in a single procedure.
The rising prevalence of diabetes and obesity around the world is predicted to fuel the expansion of the knee replacement market. Diabetes is linked to increased cartilage loss, and the market for cartilage restoration products is expected to grow as obesity rates rise. For instance, according to the OECD data, it is estimated that 38 million people in EU member states would have diabetes by 2035 if current trends continue.
Source-http://https://www.oecd-ilibrary.org/docserver/health_glance_eur-2014-17-en.pdf?expires=1711686679&id=id&accname=guest&checksum=5A7BE8608EAB15D47F42C0B567896F53
Diabetes, particularly Type 2 diabetes, is typically accompanied by a number of other issues, including obesity. Experts say that the combination of diabetes and obesity can make procedures like knee replacement surgery more difficult. Obesity like this typically leads to post-operative problems like loosening of the joints or fractures surrounding the implant. Diabetes increases the risk of surgical site infections, delayed healing, and problems with bone recovery. It could also result in knee stiffness. The impacted scar tissue frequently becomes a hindrance to knee motion. This is typically resolved with physiotherapy exercises in mild cases. Under severe circumstances, the scar tissue must be broken up. Thus, Knee Replacement is the solution to address these issues surrounding diabetes and obesity.
The need for knee replacement is expected to increase due to the rise in traffic accidents and sports-related injuries worldwide. The cartilage in a joint may sustain injury if it is subjected to a severe impact, as in the event of an automobile accident or a severe fall. A statistic from the World Health Organization (WHO) states that 1.35 million people die in traffic accidents each year, which emphasizes the need for efficient knee replacement techniques.
Athletic participants are more likely to experience articular damage, particularly those who play high-impact sports like rugby, American football, and wrestling. According to the National Safety Council, referring to the reports of sports and recreational injuries in 2020, the number of injuries rose by 20% in 2021 and was up by 12% in 2022.
Source- https://injuryfacts.nsc.org/home-and-community/safety-topics/sports-and-recreational-injuries/
Together, these elements support the market's growth prospects and are anticipated to propel its future rise.
A limited supply of skilled surgeons and the high cost of orthopedic procedures would limit the market-
Implants made of precious metals and cutting-edge technology are used during knee replacement operations. Moreover, these items are expensive due to the strict standards that must be met for approval. Restricted introduction of these goods has been observed in developing nations with low healthcare spending and a shortage of experienced surgeons.
An increase in the use of robotics and Al in surgical procedures-
The employment of cutting-edge technology, such as robotics and artificial intelligence (A), increases the efficiency of surgical procedures. Globally, there is a growing need for these technologically advanced medical equipment. Al works with surgeons to create highly individualized surgery plans by analyzing each patient's knee's dynamic motion. In the future forecast years, rising R&D expenditures and a rise in the number of robotics-related new product launches are anticipated to propel market expansion.
The COVID-19 pandemic is causing havoc around the world and has had a big effect on the economy. The illness, which originated in China and has since spread throughout the world, has disrupted people's lives by leaving them unemployed, fearful of the future, and facing different kinds of healthcare difficulties. Top orthopedic companies are reporting significantly lower sales, as can be seen in their quarterly financial reports. This can be linked to the prohibition on elective surgery, the sharp decline in the number of knee replacement procedures performed, the postponement of commercial transactions, the disruption of the supply chain, and the public's reluctance to attend medical facilities out of concern about contracting an infection. The National Center for Biotechnology Information states that orthopedic and spine procedures, including hip and knee replacements, are categorized as non-urgent under Tier 2a and should be delayed.
Source-http://https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7197340/
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The majority of market share is held by a number of firms who control the market. A few of the crucial company tactics used by market players to preserve and expand their worldwide reach are product launches, approvals, strategic acquisitions, and innovations. Additionally, a significant emphasis on strategic alliances with other industry participants in the knee implants space is probably going to help them increase their market share.
Recent Developments in the Knee Replacement Devices Market
Source- https://thinksurgical.com/news/
Source- https://investor.zimmerbiomet.com/news-and-events/news/2017/09-11-2017-123037343
Top Companies Market Share in Knee Replacement Devices Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
North America held the largest market share in 2023. The primary drivers of market expansion in North America are expected to be a rise in the number of patients receiving an osteoarthritis diagnosis and an increase in the number of elderly people. In addition, the U.S. knee implant market is anticipated to develop over the forecast period due to the increasing use of computer-aided implant designs, robot-assisted operations, and favorable reimbursement scenarios.
Europe is projected to have the second-largest market share after North America due to a growth in the incidence of bone disease and an increase in the number of chronic diseases like diabetes. The knee implants market in EUS countries is expected to be driven by advancements in implant material and design, the presence of prominent players with a robust distribution network, and the increasing demand for knee replacement treatments.
The current report Scope analyzes Knee Replacement Devices Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Knee Replacement Devices Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Knee Replacement Devices Industry growth. Knee Replacement Devices market has been segmented with the help of its Implant Type, Procedure End User, and others. Knee Replacement Devices market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
In 2023, the sector with the highest market share among them was fixed-bearing implants. The market is divided into divisions based on the kind of implant: fixed bearing, mobile bearing, and other types such as customized implants and medial pivotal implants. Fixed-bearing implants are a common implant option since they endure a long time and offer good motion. On the other hand, the rising demand for movable bearing implants can be attributed to their improved range of motion.
Over the course of the projection period, the mobile bearing implant category is expected to grow at a very high CAGR.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Knee Replacement Devices Industry. Request a Free Sample PDF!
The total knee arthroplasty segment accounted for the largest market share in 2023. The market segmentation for total knee arthroplasty, partial knee arthroplasty, and revision arthroplasty is based on the procedure. Out of all of them, the total knee arthroplasty sector had the biggest market share for knee replacements in 2023. Over the course of the forecast period, it is expected to grow at a significantly high CAGR. This can be attributed to the growing number of elderly patients as well as a greater public understanding of robotically assisted surgeries.
The revision arthroplasty market is expected to increase at the quickest rate due to the rise in revision knee procedures in total knee replacement procedures, advancements in revision implant technology, and a shift in the number of knee surgeries performed on younger patients. Due to the presence of major industry players engaged in the development of cutting-edge partial knee implants, the partial knee arthroplasty segment is anticipated to grow at a significant compound annual growth rate (CAGR) throughout the course of the forecast period.
Additionally, the need for customized implants among patients has increased due to partial knee arthroplasty procedures, which simply replace the damaged knee bone. In the upcoming years, this will cause medical practitioners to favor partial knee arthroplasty more frequently.
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The hospital segment held the majority of the market share in 2023. The market has been divided into hospitals, orthopedic clinics, ambulatory surgery centers, and other end-user segments. Of these, the hospital segment accounts for a sizable portion of the market. This is mostly because hospitals now have cutting-edge amenities and an expanding healthcare infrastructure. It is expected that the hospital sector will maintain its leadership in the upcoming years. This is explained by the increase in orthopedic surgery conducted in hospitals as well as the rise in patients visiting hospitals due to orthopedic injuries.
Due to the increase in orthopedic clinics, the orthopedic clinic segment is expected to grow significantly over the forecast period. Additionally, throughout the forecast period, an increase in orthopedic surgeries performed in ambulatory surgery centers is anticipated to boost demand for knee replacement goods.
Research Associate at Cognitive Market Research
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the medical devices & consumables industry. She has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services. Her expertise in Market Research and business intelligence has equipped her with the skills necessary to analyze complex information and provide strategic recommendations.
In her current role, Anushka is a highly motivated and detail-oriented research analyst with a passion for uncovering valuable insights from data. She thrives in dynamic environments where her analytical abilities and research expertise can contribute to informed decision-making for businesses. Her collaborative approach facilitated effective communication of insights, fostering a data-driven culture within the organization.Anushka remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Knee Replacement Devices Market is witnessing significant growth in the near future.
In 2023, the Fixed Bearing segment accounted for noticeable share of global Knee Replacement Devices Market and is projected to experience significant growth in the near future.
The Total Knee Arthroplasty segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Zimmer Biomet , DePuy Synthes Companies Johnson & Johnson Services and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Implant Type | Fixed Bearing, Mobile Bearing, Others |
Procedure | Total Knee Arthroplasty, Partial Knee Arthroplasty, Revision Knee Arthroplasty |
End User | Hospitals, Orthopedic Clinics, Ambulatory Surgical Centers, Others |
List of Competitors | Zimmer Biomet, Stryker, DePuy Synthes Companies Johnson & Johnson Services, Inc, Smith & Nephew, Aesculap, Inc.- a B. Braun company, Medacta International, MicroPort Scientific Corporation, Conformis |
This chapter will help you gain GLOBAL Market Analysis of Knee Replacement Devices. Further deep in this chapter, you will be able to review Global Knee Replacement Devices Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Knee Replacement Devices. Further deep in this chapter, you will be able to review North America Knee Replacement Devices Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Knee Replacement Devices. Further deep in this chapter, you will be able to review Europe Knee Replacement Devices Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Knee Replacement Devices. Further deep in this chapter, you will be able to review Asia Pacific Knee Replacement Devices Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Knee Replacement Devices. Further deep in this chapter, you will be able to review South America Knee Replacement Devices Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Knee Replacement Devices. Further deep in this chapter, you will be able to review Middle East Knee Replacement Devices Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Knee Replacement Devices. Further deep in this chapter, you will be able to review Middle East Knee Replacement Devices Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Knee Replacement Devices. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Implant Type Analysis 2019 -2031, will provide market size split by Implant Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Implant Type Analysis 2021 - 2033
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Chapter 11 Market Split by Procedure Analysis 2021 - 2033
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Chapter 12 Market Split by End User Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Knee Replacement Devices market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 14 Research Methodology and Sources
Why Fixed Bearing have a significant impact on Knee Replacement Devices market? |
What are the key factors affecting the Fixed Bearing and Mobile Bearing of Knee Replacement Devices Market? |
What is the CAGR/Growth Rate of Total Knee Arthroplasty during the forecast period? |
By type, which segment accounted for largest share of the global Knee Replacement Devices Market? |
Which region is expected to dominate the global Knee Replacement Devices Market within the forecast period? |