Total Knee Replacement Market Demand, Size, Share & Forecast 2032

Total Knee Replacement Market: Industry Perspective

The global total knee replacement market size was worth around USD 9.89 billion in 2023 and is predicted to grow to around USD 15.32 billion by 2032 with a compound annual growth rate (CAGR) of roughly 5.10% between 2024 and 2032.

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This report analyzes and estimates the name market at the global, regional, and country levels. The research study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD Billion). The report offers detailed insights into the name market drivers and restraints along with their impact analysis at the global level.

Total Knee Replacement Market Overview

The report covers an in-depth analysis of the strategies adopted by major competitors in the global name market. An analysis of Porter’s Five Forces model is also included to understand the competitive landscape in the global name market. The research study comprises a market attractiveness analysis, wherein all the segments are benchmarked on the basis of their market size and growth rate.

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The research study provides a decisive view of the global name market based on the product, implant type, polyethylene inserts, material, component, device type, surgery type, fixation material, design, end-use, and region. All market segments have been analyzed based on past, present, and future trends. The market is estimated from 2024 to 2032.

Some of the leading factors driving the global total knee replacement market are technological advancements in surgical procedures, an increasing number of cases suffering from severe knee osteoarthritis, and a growing preference for total knee replacement surgery to restore knee function & alignment.

Total Knee Replacement Market: Segmentation

The global name market is segmented on the basis of product, implant type, polyethylene inserts, material, component, device type, surgery type, fixation material, design, end-use, and region.

Based on the product, the global data annotation tools industry is segmented into partial knee replacement systems, primary knee replacement systems, and revision knee replacement systems.

By implant type, the global market is bifurcated into mobile-bearing implants, fixed-bearing implants, medial pivot implants, and others. Polyethylene inserts-wise, the industry is categorized into antioxidant polyethylene inserts, highly cross-linked polyethylene inserts, and conventional polyethylene inserts.

Based on the material, the market is divided into metal-on-metal, metal-on-plastic, ceramic-on-ceramic, and ceramic-on-plastic. Component-wise, the sector is segmented into patellar, tibial, and femoral.

By device type, the market is classified into unicompartmental knee implants, bi-compartmental knee implants, and tri-compartmental knee implants. Based on the surgery type, the industry is bifurcated into traditional and technology-assisted.

Fixation material-wise, the global market is segmented into cementless, cemented, and hybrid. By design, the industry is bifurcated into the posterior stabilized design, cruciate-retaining design, and others. By end-use, the industry is divided into ambulatory surgery centers, hospitals, and others

Total Knee Replacement Market: Report Scope

Total Knee Replacement Market: Regional Analysis

The regional segmentation comprises the past, present, and estimated demand for the Middle East & Africa, North America, Asia Pacific, Latin America, and Europe. The regional segment is further split into the U.S., Canada, Mexico, UK, France, Germany, China, Japan, India, South Korea, Brazil, and Argentina.

North America reigns supreme in the global total knee replacement market, holding over half the market share in 2023 and is projected to continue thriving. This dominance stems from several key factors. The United States, a major driver for North America, is experiencing a significant rise in knee replacement procedures. This surge is fueled by an aging population – the baby boomer generation is reaching an age where knee osteoarthritis, a common reason for replacements, becomes more frequent. Additionally, rising obesity rates put increased strain on knee joints, and growing public awareness coupled with acceptance of knee replacements as a viable treatment option is leading more patients to seek this solution.

North America boasts a well-developed healthcare infrastructure perfectly suited for knee replacements. Specialized knee replacement centers offer dedicated expertise and advanced facilities for optimal patient care. Highly trained surgeons are readily available, and the increasing use of minimally invasive surgical techniques translates to faster recovery times and less pain for patients. Finally, many insurance plans in North America offer coverage for knee replacements, making this life-changing procedure more accessible to a larger population.

Total Knee Replacement Market: Competitive Analysis

The global total knee replacement market is dominated by players like:

• ConforMIS Inc.
• MicroPort Scientific Corporation
• C2F Implants
• Zimmer Biomet
• Waldemar LINK GmbH & Co. KG
• DePuy Synthes
• Stryker
• Exactech Inc.
• DJO Global
• Smith & Nephew Medacta
• B. Braun
• Corin Group.

The report on the global name market is segmented as:

By Product Segmentation Analysis

• Partial Knee Replacement Systems
• Primary Knee Replacement Systems
• Revision Knee Replacement Systems

By Implant Type Segmentation Analysis

• Mobile-bearing Implants
• Fixed-bearing Implants
• Medial Pivot Implants
• Others

By Polyethylene Inserts Segmentation Analysis

• Antioxidant polyethylene inserts
• Highly cross-linked polyethylene inserts
• Conventional polyethylene inserts

By Material Segmentation Analysis

• Metal-on-metal
• Metal-on-plastic
• Ceramic-on-ceramic
• Ceramic-on-plastic

By Component Segmentation Analysis

• Patellar
• Tibial
• Femoral

By Device Type Segmentation Analysis

• Unicompartmental Knee Implants
• Bi-compartmental Knee Implants
• Tri-compartmental Knee Implants

By Surgery Type Segmentation Analysis

• Traditional
• Technology-Assisted

By Fixation Material Segmentation Analysis

• Cementless
• Cemented
• Hybrid

By Design Segmentation Analysis

• Posterior Stabilized Design
• Cruciate Retaining Design
• Others

By End-Use Segmentation Analysis

• Ambulatory Surgery Centers
• Hospitals
• Others

By Regional Segmentation Analysis

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