USD 9.7 billion
Total Knee Replacement Market Size, Share, and Growth Analysis
Total Knee Replacement Market By Product (Primary knee replacement systems, Partial knee replacement systems), By Device Type (Three-compartmental knee implants, Bicompartmental knee implants), By Component, By Implant Type, By Region - Industry Forecast 2025-2032
Report ID:
SQMIG35D2054 |
Region:
Global |
Published Date: January, 2025
Pages:
165
|Tables:
143
|Figures:
78
Format -
Total Knee Replacement Market Insights
Global Total Knee Replacement Market size was valued at USD 9.7 billion in 2023 and is poised to grow from USD 10.21 billion in 2024 to USD 15.44 billion by 2032, growing at a CAGR of 5.3% during the forecast period (2025-2032).
The growing geriatric population will increase this industry's market share over the forecast years. The rapid increase in the conclusion of knee joint pain among the adult population is required to enable a quick expansion of the market in the coming years. The increasing prevalence of osteoarthritis of the knee is a critical factor in the market's advancement. As the younger population's body mass index rises, they necessitate Knee Replacement Surgery at a younger age. Knee replacement, also known as knee arthroplasty, is a joint surgery that replaces the affected parts of the knee to relieve pain and disability. A knee replacement surgery is performed on patients who have been diagnosed with osteoarthritis, post-traumatic joint inflammation, or rheumatoid joint inflammation. Knee Replacement Surgery removes damaged body parts such as tissues and cartilages and supplants them with artificial systems.
People with knee osteoarthritis are the most likely candidates for Total Knee Replacement surgery. Patients suffering from knee osteoarthritis have difficulty walking and performing daily activities. As a result, such patients require all out-knee substitution to overcome the challenges associated with osteoarthritis. The rise in the number of knee replacement surgical treatments around the world is likely to benefit the market. As more people become aware of technological trends such as robot-assisted knee surgeries, they begin to opt for these procedures, fueling the growth of this industry. It also persuades other market participants to conduct research and development and devise painless surgical methods. Robot-assisted surgeries promote high efficiency and accuracy, lowering the rate of surgery failures. Furthermore, rising innovative advancements such as imaginative intrusive medical procedures, as well as the existence of better-embedded materials, will drive the growth of the knee replacement market.
US Total Knee Replacement Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Primary Knee Replacement Systems
Fastest Growth
Primary Knee Replacement Systems
Growth Rate
5.3% CAGR
Global Total Knee Replacement Market 2022-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
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Total Knee Replacement Market Segments Analysis
Global Total Knee Replacement Market is segmented by Product, Device Type, Component, Implant Type, Design, Surgery Type, Fixation Material, Material, Polyethylene Inserts, End-use and region. Based on Product, the market is segmented into Primary knee replacement systems, Partial knee replacement systems and Revision knee replacement systems. Based on Device Type, the market is segmented into Three-compartmental knee implants, Bicompartmental knee implants and Unicompartmental knee implants. Based on Component, the market is segmented into Femoral, Tibial and Patellar. Based on Implant Type, the market is segmented into Fixed-bearing implants, Mobile-bearing implants, Medial pivot implants and Other implant types. Based on Design, the market is segmented into Posterior stabilized design, Cruciate retaining design and Other designs. Based on Surgery Type, the market is segmented into Traditional surgery type and Technology assisted surgery type. Based on Fixation Material, the market is segmented into Cemented, Cementless and Hybrid. Based on Material, the market is segmented into Metal-on-plastic, Ceramic-on-plastic, Metal-on-metal and Ceramic-on-ceramic. Based on Polyethylene Inserts, the market is segmented into Antioxidant polyethylene inserts, Highly cross-linked polyethylene inserts and Conventional polyethylene inserts. Based on End-use, the market is segmented into Hospitals, Ambulatory surgical centers and Other end-users.. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Total Knee Replacement Market Analysis by Procedure Type
In 2021, the primary knee replacement segment dominated the joint replacement market, with a revenue share of more than 59.0%. According to the Arthritis Foundation, nearly 800,000 knee replacements are performed in the United States each year. Knee replacement surgery is so popular that it is estimated that it is performed about 800,000 times per year in the United States alone, and that figure is growing every year. Furthermore, total knee replacement surgery is expected to reach 1.28 million procedures per year.
Global Total Knee Replacement Market By Procedure Type, 2021 (%)
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Total Knee Replacement Market Regional Insights
During the forecast period, North America is expected to have the largest market share. The United States is a significant contributor to the region's Total Knee Replacement market growth. The major factors likely to boost the market growth in North America are a rise in the number of individuals diagnosed with rheumatoid arthritis and an increase in the geriatric population count. Furthermore, the rising penetration of computer-aided implant designs, robot-assisted surgeries in the United States, and favorable reimbursement scenarios are expected to propel the knee implant market in the United States during the forecast period. Because of the rise in chronic diseases such as diabetes and the prevalence of bone disease, Europe is expected to have the second-largest market share after North America. Innovations in implant material and design, the presence of major players with a robust distribution network, and rising demand for knee replacement procedures are expected to fuel the EUs knee replacement market by 2028.
The Asia Pacific market is expected to grow rapidly during the forecast period, owing to the rising prevalence of knee disorders, flourishing medical tourism, rising disposable incomes, and progressively improving healthcare infrastructure. Latin America and the Middle East and Africa are likely to experience slow market growth due to a lack of orthopedic surgeons and low-income growth. However, a rising number of orthopedic injuries and diseases, as well as an increase in the adoption of replacement procedures, are expected to drive the growth of the knee arthroplasty market in Latin America, the Middle East, and Africa.
Global Total Knee Replacement Market By Geography, 2022-2028
- Largest
- Fastest
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Total Knee Replacement Market Dynamics
Total Knee Replacement Market Driver
The rising prevalence of knee osteoarthritis will drive the market.
- One of the major factors likely to boost demand for bone surgeries in the future is a rise in the incidence of knee osteoarthritis around the world. The rise in the adult population's diagnosis rate of knee arthritis is expected to increase demand for knee implants in the coming years. According to the Osteoarthritis Research Society International (OARSI), the pervasiveness of global knee osteoarthritis is likely to reach 5% and is expected to rise as the population ages. The rapid aging of the population, as well as the growing epidemics of obesity, are likely to fuel demand for knee replacement surgeries during the forecast period. According to the Arthritis Foundation, the annual incidence of knee osteoarthritis in the United States is highest between the ages of 55 and 64. These factors are expected to accelerate the global demand over the forecast year.
Technological Advances to Improve Procedure Efficacy and Attract More Patients
- Rising awareness of material advancements and designs of knee implants, as well as robot-assisted knee surgeries, are nowadays the key trends influencing sales of these product lines used in replacement surgeries. Robot-assisted technology is improving procedure accuracy and decreasing reliance on surgeons for procedural consequences. In addition, with the addition of robotic surgery to their portfolio, numerous key players in the market are providing more comprehensive knee implants. For instance, Smith & Nephew acquired Blue Belt Holdings, Inc. in 2016 to gain access to the Navio Surgical System, which provides robot assistance in partial knee surgeries via a CT-free navigation system and a handheld robotic bone shaping device.
Total Knee Replacement Market Restraint
The High Cost of Inserts and The Development Of Mindfulness For Non-Careful Treatment Techniques Are Likely To Stymie Market Growth.
- Knee replacement procedures are carried out using implants made of precious metals and advanced technologies. Furthermore, the strict regulations for product approval make these products expensive. These products have been restricted from entering developing regions with limited healthcare spending and a scarcity of skilled surgeons. These factors are expected to restrain the market growth over the forecast year.
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Total Knee Replacement Market Competitive Landscape
The total knee replacement market is fragmented, with many large and small players in the industry. To gain market share, key players are implementing business strategies such as diverse product offerings, regional expansion, partnerships, and new product launches. For instance, De Puy Synthes' VELYS Robotic-Assisted Solution for use with the ATTUNE Total Knee System received 510(k) clearance from the US FDA in January 2021. Furthermore, in January 2021, Stryker acquired OrthoSensor, Inc, a pioneer in the digital evolution of total joint replacement. This acquisition has strengthened its market position.
Top Players in Total Knee Replacement Market
- Zimmer Biomet Holdings, Inc. (USA)
- Stryker Corporation (USA)
- DePuy Synthes (USA)
- Smith & Nephew plc (UK)
- B. Braun Melsungen AG (Germany)
- Medacta International SA (Switzerland)
- MicroPort Scientific Corporation (China)
- Exactech, Inc. (USA)
- Corin Group PLC (UK)
- Waldemar Link GmbH & Co. KG (Germany)
- LimaCorporate S.p.A. (Italy)
- Amplitude SAS (France)
- Mathys AG Bettlach (Switzerland)
- United Orthopedic Corporation (Taiwan)
- Baumer SA (Switzerland)
- Corentec Co., Ltd. (South Korea)
- Kyocera Medical Technologies, Inc. (Japan)
- ConforMIS, Inc. (USA)
- Medtronic plc (Ireland)
- OrthAlign, Inc. (USA)
Total Knee Replacement Market Recent Development
- In September 2022, Palm Beach Gardens Medical Center expands its orthopedic program with the acquisition of two Mako SmartRoboticsTM, the only and first in Palm Beach County. Dr. Robert Avino, an orthopedic surgeon, completed the first case at the hospital using Mako SmartRoboticsTM.
- In August 2022, Moximed, a medical device company on a mission to improve the standard of care for people suffering from knee osteoarthritis (OA), announced a $40 million Series C equity and debt financing round. Advent Life Sciences led the round, which also included returning investors New Enterprise Associates (NEA), Future Fund, Vertex Healthcare, Gilde Healthcare, GBS Venture Partners, and Morgenthaler Ventures, as well as debt financing from Runway Growth Capital.
- In August 2021, Zimmer Biomet Holdings, Inc. and Canary Medical announced a De Novo classification grant and permission to market the tibial extension for Persona IQ, the world's first and only FDA-cleared smart knee for total knee replacement surgery.
Total Knee Replacement Key Market Trends
- Infusing morphine directly into the shin bone may be a new way to help ease the pain of knee replacement surgery, according to the findings of a recent study of 48 patients undergoing total knee replacement. The researchers discovered that injecting morphine into the shin bone during the operation reduced post-surgery pain better than standard treatment alone.
- Various studies have found that the use of advanced technologies such as artificial intelligence (AI) and robotics increases the efficiency of surgical procedures. Globally, there is an increasing demand for these technologically-based medical devices. AI assists surgeons in developing a highly personalized surgical plan that analyses each patient's dynamic knee motion. Increased R&D spending and increased new product launches in robotics are expected to drive market growth in the near future.
- In the coming years, knee replacement technologies will advance at a rapid pace. All surgical procedures will be performed using robotic technologies, which will produce better results. as well as a quicker recovery time Robotic-assisted knee replacement technologies will improve. People suffering from knee pain will receive better care. For instance, Minimally-Invasive Surgery (MIS,) includes one of the most recent advances in knee replacement surgery. According to experts, MIS represents a revolution in inpatient care. MIS has transformed orthopedic surgery, and the benefits to patients are undeniable.
- Technological advancements in the field of knees, hips, and extremities are increasing revenue. For instance, Stryker Corporation introduced the Mako Total Hip 4.0 smart robotic system. The system enables surgeons and physicians to plan the patient's implant position while accounting for changes in pelvic tilt in standing, sitting, and supine poses.
Total Knee Replacement Market SkyQuest Analysis
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analysis, we found that the rise in the prevalence of rheumatoid arthritis, osteoarthritis, and post-traumatic arthritis will provide several opportunities for market growth. Furthermore, knee arthroplasty has provided an opportunity for key players operating in a market that is primarily driven by patient dissatisfaction with total knee replacement. As a result, manufacturers have begun to use various biomaterials for increased strength to meet this growing demand. Furthermore, due to increasing success rates, technological advancements, and the easy availability of durable and higher-quality implants, knee replacement procedures are in high demand.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 9.7 billion |
| Market size value in 2032 | USD 15.44 billion |
| Growth Rate | 5.3% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Total Knee Replacement Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Total Knee Replacement Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Total Knee Replacement Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Total Knee Replacement Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Total Knee Replacement Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Total Knee Replacement Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Total Knee Replacement Market Report Snapshots
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