Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1672.48 Million | USD 2604.78 Million | 4.53% | 2024 |
The global knee reconstruction devices market size was worth around USD 1672.48 Million in 2024 and is predicted to grow to around USD 2604.78 Million by 2034 with a compound annual growth rate (CAGR) of roughly 4.53% between 2025 and 2034. The report analyzes the global knee reconstruction device market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the knee reconstruction device industry.
The stabilizing ligament that holds the tibia in place is one of the ligaments that must be moved and repositioned during knee reconstruction. This tear may interfere with some bodily functions and make them more difficult to complete. Knee reconstruction typically uses instruments such as cementless implants, partial implants, revision implants, and cemented implants. The market for reconstructive knee devices is predicted to develop as knee accidents rise. As the population ages, knee-related illnesses, including osteoarthritis and rheumatoid arthritis, are becoming more prevalent.
The COVID-19 problem is an unprecedented health concern and has hurt joint reconstruction techniques. The primary reason for the decline in surgical procedures is the higher risk associated with them due to the coronavirus infection and an increase in hospital patient invasion. Although there are fewer COVID-19 patients in some locations and standard operating procedures have been implemented in healthcare settings, the market for joint reconstruction devices is predicted to expand significantly. The government initiative to provide clinical emergency care to osteoarthritis sufferers has kept up with industry demand.
An increase in knee-related issues to drive market growth
The frequency of knee-related problems is rapidly increasing. As a result, total knee arthroplasty (TKA) or total knee replacement (TKR) has become more popular. Some of the main factors driving the global knee replacement devices market include the development of high-quality knee replacement devices & materials, the creation of individualized therapies, and knee transplants. The American Academy of Orthopedic Surgeons found that approximately 90% of individuals who have undergone knee replacement procedures report significantly reduced pain. Often, individuals can return to daily pursuits like walking and golfing. The demand for knee replacement devices is anticipated to increase dramatically.
FDA recalls due to failure of devices likely to restrict market expansion
The FDA recalls knee replacement implants at an increasing rate due to product failures, component inconsistencies, or compromised sterility issues. It is the main factor limiting the global knee replacement market's growth throughout the projection period. An illustration is the undefined number of polyethylene orthopedics implants for the knees, hips, and extremities that Zimmer Biomet recalled in July 2020 due to the potential presence of high endotoxin levels. According to the recall notice, unfavorable local tissue reaction, serious discomfort or ache, and a severe, systemic allergic or toxic reaction are all expected health effects.
The global knee reconstruction devices market has been segmented into product, end-user, indications, and region.
Based on product, cemented implants, cementless implants, partial implants, and revision implants are segments of the global knee reconstruction devices market. Compared to other techniques, partial knee replacement systems have a speedier and easier recovery.
Based on end-user, the market is classified into hospitals, orthopedic clinics, and ASCs. While hospitals have specialist sections and surgeons that do total knee replacement surgery, orthopedic clinics specialize in these procedures.
Based on indication, the global market is segregated into osteoarthritis, rheumatoid arthritis, trauma and others.
North America dominated the knee reconstruction devices market in 2021
North America is anticipated to dominate the global knee reconstruction devices market during the forecast period. This surge is related to rising healthcare costs and increased awareness and accessibility to therapies in the area. Over the anticipated years, the market in Europe is predicted to increase slowly. Nevertheless, the market in the Asia Pacific is anticipated to grow at the most profitable rate due to rising awareness and the accessibility of better medical technologies. A further element impacting the need for knee reconstruction treatments is the vast population and patient pool in the area. The gadgets market is therefore anticipated to experience some growth in the future.
Report Attributes | Report Details |
---|---|
Report Name | Knee Reconstruction Device Market |
Market Size in 2024 | USD 1672.48 Million |
Market Forecast in 2034 | USD 2604.78 Million |
Growth Rate | CAGR of 4.53% |
Number of Pages | 250 |
Key Companies Covered | Zimmer Biomet Holdings Inc., Stryker Corporation, DePuy Synthes, Smith & Nephew plc, Medacta Group SA, and others. |
Segments Covered | By Product, By Indication, By End User, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2020 to 2023 |
Forecast Year | 2025 - 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the knee reconstruction device market on a global and regional basis.
Some of the main competitors dominating the global knee reconstruction devices market include-
By Product
By End User
By Indication
By Region
FrequentlyAsked Questions
The global knee reconstruction device market is expected to grow due to rising prevalence of knee-related disorders like osteoarthritis, a growing geriatric population, increasing demand for minimally invasive surgeries, and technological advancements in implant materials and surgical techniques.
According to a study, the global knee reconstruction device market size was worth around USD 1672.48 Million in 2024 and is expected to reach USD 2604.78 Million by 2034.
The global knee reconstruction device market is expected to grow at a CAGR of 4.53% during the forecast period.
North America is expected to dominate the knee reconstruction device market over the forecast period.
Leading players in the global knee reconstruction device market include Zimmer Biomet Holdings Inc., Stryker Corporation, DePuy Synthes, Smith & Nephew plc, Medacta Group SA, among others.
The report explores crucial aspects of the knee reconstruction device market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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