PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1618168
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1618168
Total Knee Replacement Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 - 2032
The Global Total Knee Replacement Market was worth USD 9.4 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 5.1% from 2024 to 2032. This growth can be attributed to the rising incidence of arthritis and osteoporosis, along with increasing infection rates, contributing to a higher demand for knee revision procedures. As the population ages and life expectancy continues to rise, more individuals are expected to suffer from these conditions, leading to an uptick in knee replacement surgeries. Furthermore, the increasing prevalence of obesity-a significant risk factor for osteoarthritis-along with the widespread occurrence of osteoporosis, particularly among those with rheumatoid arthritis, amplifies the necessity for knee replacements. Based on product, the primary knee replacement systems segment emerged as the largest, generating revenue of USD 7.7 billion in 2023. These systems are utilized in first-time surgeries, which significantly outnumber revision or partial procedures.
As conditions such as osteoarthritis and other degenerative joint diseases become more common, the number of first-time knee replacement surgeries is on the rise, solidifying the primary knee replacement segment's leading position. Additionally, these systems cater to a wide array of patients with severe knee joint damage due to various causes, enhancing their market dominance. When considering device type, the total knee replacement market is classified into bicompartmental knee implants, three-compartmental knee implants, and unicompartmental knee implants. The three-compartmental knee implants segment commanded a substantial 77.4% market share in 2023. These implants are integral to total knee replacement surgeries that involve replacing all three compartments of the knee-medial, lateral, and patellofemoral.
Such surgeries are often performed in advanced cases of knee joint degeneration, where osteoarthritis has impacted all knee compartments. In North America, the total knee replacement market captured USD 5.1 billion in revenue in 2023, with an expected CAGR of 3.8% from 2024 to 2032. The region experiences a high prevalence of osteoarthritis, particularly among older adults. Contributing factors, such as sedentary lifestyles and increasing obesity rates, further aggravate joint degeneration, resulting in a greater need for total knee replacement surgeries. Overall, the combination of demographic trends and health issues in North America is significantly driving the demand for knee replacements, positioning the market for substantial growth in the coming years.
| Market Scope | |
|---|---|
| Start Year | 2023 |
| Forecast Year | 2024-2032 |
| Start Value | $9.4 Billion |
| Forecast Value | $14.5 Billion |
| CAGR | 5.1% |
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definition
- 1.2 Research design
- 1.2.1 Research approach
- 1.2.2 Data collection methods
- 1.3 Base estimates & calculations
- 1.3.1 Base year calculation
- 1.3.2 Key trends for market estimation
- 1.4 Forecast model
- 1.5 Primary research and validation
- 1.5.1 Primary sources
- 1.5.2 Data mining sources
Chapter 2 Executive Summary
- 2.1 Industry 360° synopsis
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Industry impact forces
- 3.2.1 Growth drivers
- 3.2.1.1 Rising geriatric population
- 3.2.1.2 Increasing prevalence of arthritis and osteoporosis
- 3.2.1.3 Need for personalized and patient specific implants
- 3.2.1.4 Growing infection rates contributing to rise in knee revisions
- 3.2.1.5 Surging preference for bicruciate-retaining total knee arthroplasty
- 3.2.1.6 Increasing usage of unicondylar knee procedures
- 3.2.2 Industry pitfalls & challenges
- 3.2.2.1 Rising financial burden
- 3.2.2.2 Increased number of knee implant recalls
- 3.2.2.3 High cost associated with the surgery
- 3.2.1 Growth drivers
- 3.3 Growth potential analysis
- 3.4 Regulatory landscape
- 3.5 Technology landscape
- 3.6 Reimbursement scenario
- 3.7 Procedure failure/success rate landscape
- 3.8 Pricing analysis, by region, 2021-2032
- 3.9 Knee surgery landscape
- 3.9.1 Measured resection technique
- 3.9.2 Gap balancing technique
- 3.9.3 Balanced sizer
- 3.9.4 Measured sizer
- 3.10 Porter's analysis
- 3.11 PESTEL analysis
- 3.12 Future market trends
- 3.13 Gap analysis
- 3.14 Value-chain analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company matrix analysis
- 4.3 Company market share analysis
- 4.4 Competitive analysis of major market players
- 4.5 Competitive positioning matrix
- 4.6 Strategy dashboard
Chapter 5 Market Estimates and Forecast, By Product, 2021 - 2032 ($ Mn & Units)
- 5.1 Key trends
- 5.2 Primary knee replacement systems
- 5.3 Partial knee replacement systems
- 5.4 Revision knee replacement systems
Chapter 6 Market Estimates and Forecast, By Device Type, 2021 - 2032 ($ Mn & Units)
- 6.1 Key trends
- 6.2 Three-compartmental knee implants
- 6.3 Bicompartmental knee implants
- 6.4 Unicompartmental knee implants
Chapter 7 Market Estimates and Forecast, By Component, 2021 - 2032 ($ Mn & Units)
- 7.1 Key trends
- 7.2 Femoral
- 7.3 Tibial
- 7.4 Patellar
Chapter 8 Market Estimates and Forecast, By Implant Type, 2021 - 2032 ($ Mn & Units)
- 8.1 Key trends
- 8.2 Fixed-bearing implants
- 8.3 Mobile-bearing implants
- 8.4 Medial pivot implants
- 8.5 Other implant types
Chapter 9 Market Estimates and Forecast, By Design, 2021 - 2032 ($ Mn & Units)
- 9.1 Key trends
- 9.2 Posterior stabilized design
- 9.3 Cruciate retaining design
- 9.4 Other designs
Chapter 10 Market Estimates and Forecast, By Surgery Type, 2021 - 2032 ($ Mn & Units)
- 10.1 Key trends
- 10.2 Traditional surgery type
- 10.3 Technology assisted surgery type
Chapter 11 Market Estimates and Forecast, By Fixation Material, 2021 - 2032 ($ Mn & Units)
- 11.1 Key trends
- 11.2 Cemented
- 11.3 Cementless
- 11.4 Hybrid
Chapter 12 Market Estimates and Forecast, By Material, 2021 - 2032 ($ Mn & Units)
- 12.1 Key trends
- 12.2 Metal-on-plastic
- 12.3 Ceramic-on-plastic
- 12.4 Metal-on-metal
- 12.5 Ceramic-on-ceramic
Chapter 13 Market Estimates and Forecast, By Polyethylene Inserts, 2021 - 2032 ($ Mn & Units)
- 13.1 Key trends
- 13.2 Antioxidant polyethylene inserts
- 13.3 Highly cross-linked polyethylene inserts
- 13.4 Conventional polyethylene inserts
Chapter 14 Market Estimates and Forecast, By End Use, 2021 - 2032 ($ Mn & Units)
- 14.1 Key trends
- 14.2 Hospitals
- 14.3 Ambulatory surgical centers
- 14.4 Other end users
Chapter 15 Market Estimates and Forecast, By Region, 2021 - 2032 ($ Mn & Units)
- 15.1 Key trends
- 15.2 North America
- 15.2.1 U.S.
- 15.2.2 Canada
- 15.3 Europe
- 15.3.1 Germany
- 15.3.2 UK
- 15.3.3 France
- 15.3.4 Spain
- 15.3.5 Italy
- 15.3.6 Netherlands
- 15.4 Asia Pacific
- 15.4.1 China
- 15.4.2 Japan
- 15.4.3 India
- 15.4.4 Australia
- 15.4.5 South Korea
- 15.5 Latin America
- 15.5.1 Brazil
- 15.5.2 Mexico
- 15.5.3 Argentina
- 15.6 Middle East and Africa
- 15.6.1 South Africa
- 15.6.2 Saudi Arabia
- 15.6.3 UAE
Chapter 16 Company Profiles
- 16.1 Amplitude Ortho (Amplitude Surgical)
- 16.2 B Braun
- 16.3 Corin Group
- 16.4 Depuy Synthes (Johnson & Johnson)
- 16.5 Enovis
- 16.6 Exactech
- 16.7 ODEV
- 16.8 Medacta International
- 16.9 Allegra Orthopaedics
- 16.10 MicroPort Scientific Corporation
- 16.11 restor3d
- 16.12 Smith & Nephew
- 16.13 Stryker Corporation
- 16.14 Waldemar LINK
- 16.15 Zimmer Biomet
