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.
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.
An increasing elderly population
Less invasive surgical techniques because of technological improvements
High investment in knee replacement
The cost of modern devices has dramatically grown.
Infections in the knee are becoming more common.
Less invasive surgery with less discomfort.
Increase tremendously due to high accuracy and safety measures
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.
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.
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
By Procedure Type
Primary Knee Replacement
Revision Knee Replacement
Cemented Knee Replacement
Partial Knee Replacement
Cementless Knee Replacement
By End Users
Ambulatory Surgical Centers
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.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|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|
|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
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
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
10.2 Ambulatory Surgical Centers
11. Regional Analysis
11.2 North America
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Aesculap Implants Systems LLC
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
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