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 Knee Replacement Market

Knee Replacement Market Size, Share & Segment by Component Type (Mobile-bearing Implants, Fixed-bearing Implants), By Procedure Type (Primary Knee Replacement, Revision Knee Replacement, Cemented Knee Replacement, Partial Knee Replacement, Cementless Knee Replacement), By End Users (Hospitals, Ambulatory Surgical Centers), and by Region | Global Market Forecast 2022-2028

Report Id: SNS/HC/1055 | May 2022 | Region: Global | 125 Pages

Report Scope & Overview:

The Knee Replacement Market Size was valued at USD 10.31 billion in 2021 and is expected to reach USD 13.04 billion by 2028, and grow at a CAGR of 4.5% over the forecast period 2022-2028. Knee replacement surgery is performed to treat individuals with knee-damaging disorders such as post-traumatic arthritis, osteoarthritis, or rheumatoid arthritis. To complete the surgical surgery of a knee replacement, there are several steps. materials used in knee replacement systems are Metal alloys, ceramic materials, and tough plastic pieces. Technical advances in the field of orthopedics, such as minimally invasive surgery, availability of sophisticated & more durable implant materials, and higher success rates, encourage the younger population to undergo knee replacement surgery, resulting in market growth. Furthermore, sophisticated technology like 3D printed knee implants is increasing the demand for knee replacement equipment.

Knee Replacement Market

Because older people are more likely to have knee problems, an increase in the geriatric population will increase the need for knee surgery, and thus the need for these devices. Knee-related illnesses are among the most common global health concerns among persons over the age of 40. Arthritis, back discomfort, trauma, and osteoporosis are all frequent joint disorders around the world. Furthermore, greater healthcare infrastructure and advanced treatment options have boosted life expectancy globally, resulting in a rise in the older population.

Moreover, an increase in the number of bone-related illnesses, obesity, and accident cases, as well as increased demand for knee implants, sophisticated designs, and attractive reimbursements, are projected to boost market expansion.

MARKET DYNAMICS

DRIVERS

  • An increasing elderly population

  • Less invasive surgical techniques because of technological improvements

RESTRAINTS

  • High investment in knee replacement

  • Low income

  • The cost of modern devices has dramatically grown.

OPPORTUNITIES 

  • Infections in the knee are becoming more common.

  • Less invasive surgery with less discomfort.

  • Increase tremendously due to high accuracy and safety measures

CHALLENGES

  • Scarcity of qualified and knowledgeable surgeons.

  • Difficult in handling advanced devices.

IMPACT OF COVID-19

The COVID-19 knee replacement market had a huge impact. As a result of the disease's spread, several markets around the world suffered significant losses. The health sector's main priorities moved to deal with patients who were afflicted by diseases. As a result, a number of medical procedures were put on hold for an extended period of time. Economies all throughout the world have been thrown into recession. However, if the epidemic is brought under control in the next years, the market is projected to recover its vigour. In addition, big players in this industry are attempting to develop and improve products in order to increase revenue. 

MARKET ESTIMATION

The market is divided into three types of procedures: main knee replacement, partial knee replacement, and revision knee replacement. Cemented knee replacement and cementless knee replacement are the two types of primary knee replacement. The market is divided into fixed-bearing implants and mobile-bearing implants based on component type. The market is further split into hospitals and ambulatory surgery centers based on end-users. 

COMPETITIVE LANDSCAPE

Aesculap Implants Systems LLC, Allegra Orthopedics Limited, Medacta International, Zimmer Inc., Corin Group, Stryker, DePuy Synthes, Smith and Nephew, Kinamed Inc., Exatech Inc, and Other Players.

KEY MARKET SEGMENTS:

By Component Type

  • Mobile-bearing Implants

  • Fixed-bearing Implants

By Procedure Type

  • Primary Knee Replacement

  • Revision Knee Replacement

  • Cemented Knee Replacement

  • Partial Knee Replacement

  • Cementless Knee Replacement

By End Users

  • Hospitals

  • Ambulatory Surgical Centers

Knee Replacement Market

REGIONAL ANALYSIS

During the projection period, North America is likely to be the most lucrative area in the knee replacement market. The increasing number of product approvals and launches are important factors driving the knee replacement industry in North America forward. THINK Surgical and MCRA, for example, recently announced that they had received FDA permission to market the T-Solution One Total Knee Application for total knee arthroplasty (TKA) in the United States. The T-Solution One Total Knee Application comprises CT-based 3D pre-surgical planning software that allows surgeons to develop and prepare a patient's specific knee joint replacement plan in a virtual world using a variety of knee implant choices. Due to the rising prevalence of arthritis in Asia Pacific, the market for knee replacements is likely to rise significantly throughout the forecast period.

REGIONAL COVERAGE:

North America

  • USA

  • Canada

  • Mexico

Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • The Netherlands

  • Rest of Europe

Asia-Pacific

  • Japan

  • south Korea

  • China

  • India

  • Australia

  • Rest of Asia-Pacific

The Middle East & Africa

  1. Israel

  2. UAE

  3. South Africa

  4. Rest of Middle East & Africa

Latin America

  • Brazil

  • Argentina

  • Rest of Latin America

 

Knee Replacement Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 10.31 Billion
Market Size by 2028 US$ 13.04 Billion
CAGR CAGR of 4.5% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Component Type (Mobile-bearing Implants, Fixed-bearing Implants)
• By Procedure Type (Primary Knee Replacement, Revision Knee Replacement, Cemented Knee Replacement, Partial Knee Replacement, Cementless Knee Replacement)
• By End Users (Hospitals, Ambulatory Surgical Centers)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Aesculap Implants Systems LLC, Allegra Orthopedics Limited, Medacta International, Zimmer Inc., Corin Group, Stryker, DePuy Synthes, Smith and Nephew, Kinamed Inc., Exatech Inc
DRIVERS • An increasing elderly population
• Less invasive surgical techniques because of technological improvements
Restraints • High investment in knee replacement
• Low income
• The cost of modern devices has dramatically grown.


Frequently Asked Questions (FAQ) :

The knee Replacement Market Size was valued at USD 10.31billion in 2021, and is expected to reach USD 13.04 billion by 2028, and grow at a CAGR of 4.5% over the forecast period 2022-2028.

Knee replacement surgery is performed to treat individuals with knee-damaging disorders such as post-traumatic arthritis, osteoarthritis, or rheumatoid arthritis

Key drivers of the Knee Replacement Market are an increasing elderly population, and less invasive surgical techniques because of technological improvements.

Mobile-bearing Implants and Fixed-bearing Implants are the sub-segments by component type.

Top-down, bottom-up, Quantitative, Qualitative Research, Descriptive, Analytical, Applied, and Fundamental Research.


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Impact of Ukraine ware

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7. PEST Analysis

 

8. Knee Replacement Market Segmentation, Component Type

8.1 Mobile-bearing Implants

8.2 Fixed-bearing Implants

 

9. Knee Replacement Market Segmentation, by Procedure Type

9.1 Primary Knee Replacement

9.2 Revision Knee Replacement

9.3 Cemented Knee Replacement

9.4 Partial Knee Replacement

9.5 Cementless Knee Replacement

 

10. Knee Replacement Market Segmentation, By End Users

10.1 Hospitals

10.2 Ambulatory Surgical Centers

 

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2 Canada

11.2.3 Mexico

11.3     Europe

11.3.1 Germany

11.3.2 UK

11.3.3 France

11.3.4 Italy

11.3.5 Spain

11.3.6 The Netherlands

11.3.7 Rest of Europe

11.4     Asia-Pacific

11.4.1 Japan

11.4.2 South Korea

11.4.3 China

11.4.4 India

11.4.5 Australia

11.4.6 Rest of Asia-Pacific

11.5     The Middle East & Africa

11.5.1 Israel

11.5.2 UAE

11.5.3 South Africa

11.5.4 Rest

11.6     Latin America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Rest of Latin America

 

12. Company Profiles

12.1 Aesculap Implants Systems LLC

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 Allegra Orthopedics Limited

12.2 Medacta International

12.3 Zimmer Inc.

12.4 Corin Group

12.5 Stryker, DePuy Synthes

12.6 Smith and Nephew

12.7 Kinamed Inc.

12.8 Exatech Inc.

 

13. Competitive Landscape

13.1 Competitive Benchmark

13.2 Market Share analysis

13.3 Recent Developments

 

14. Conclusion

 

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research as the name suggests is a research process wherein, we collect data through readily available information. In this process, we use various paid and unpaid databases to which our team has access and gather data through the same. This includes examining listed companies’ annual reports, Journals, SEC filling, etc. Apart from this, our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various universities as well as individual libraries.

Secondary Research

Step 2: Primary Research

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