What is the global market size of the Knee Replacement Market?

Global Knee Replacement Market size was valued at USD 9.8 billion in 2021 and is poised to grow from USD 10.34 billion in 2022 to USD 16.1 billion by 2030, growing at a CAGR of 5.67% in the forecast period (2023-2030).

Who are the key vendors in the Global Knee Replacement Market?

Stryker, Zimmer Biomet, DePuy Synthes Companies (Johnson & Johnson Services, Inc.), and Smith & Nephew are the market leaders, with significant brand presence and a diverse product portfolio. These manufacturers are expected to maintain their dominance in the knee arthroplasty market and create considerable revenue in the future due to ongoing expenditures in research and development for the release of cost-effective and creative knee implants. Furthermore, a significant emphasis on strategic alliances with other competitors in the knee implant market is anticipated to help the growth of their global footprints. 'Stryker Corporation', 'Zimmer Biomet Holdings, Inc.', 'Smith & Nephew plc', 'Johnson & Johnson (DePuy Synthes)', 'Medacta International SA', 'MicroPort Scientific Corporation', 'DJO Global Inc.', 'Exactech Inc.', 'ConforMIS, Inc.', 'Arthrex, Inc.', 'Corin Group PLC', 'Waldemar Link GmbH & Co. KG', 'B. Braun Melsungen AG', 'LimaCorporate S.p.A.', 'JRI Orthopaedics Ltd.', 'Zimmerer GmbH', 'Mathys AG Bettlach', 'Japan MDM, Inc.', 'United Orthopedic Corporation', 'Ortosintese', 'On November 2022, Humans are increasingly replacing robots in orthopaedic surgery, a first in Australia. An orthopaedic surgeon in regional Victoria executed the first 3D-printed, bespoke knee replacement surgery. The technique, which was developed in the United States, became accessible in Australia in March and has been utilised by less than 20 surgeons, largely in urban regions.', 'On November 2022, AIC, a MedinCell partner, has registered a study for a medication to treat total knee replacement discomfort. Arthritis Innovation Corporation (AIC), a MedinCell partner, has registered a phase 3 study to investigate an alternative medication to treat pain following total knee replacement (TKR). AIC oversees and funds all development work for the medication F14, also known as mdc-CWM, which is now being tested.'

What is the key driver of the Global Knee Replacement Market?

Rising knowledge of material developments and designs of knee implants and robot-assisted knee operations are currently the primary factors influencing sales of these items utilised in replacement procedures. Robot-assisted technology increases procedure accuracy and reduces reliance on surgeons for operative results. In addition, with the inclusion of robotic surgery in their portfolio, some significant manufacturers in the industry are delivering more complete knee implants.

What is the key market trend for the Global Knee Replacement Market?

Various studies have found that the employment of modern technology such as artificial intelligence (AI) and robots increases the efficiency of surgical operations. Globally, there is a rising need for these technologically-based medical products. AI assists surgeons in developing a highly tailored surgical strategy that evaluates each patient's dynamic knee motion. Increased research & development investment, as well as increased new product launches in robotics, are expected to drive market growth in the near future.

Which region accounted for the largest share in the Global Knee Replacement Market?

Global Knee Replacement Market is divided into five major regions: North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa (MEA).

Top Knee Replacement Companies

Skyquest Technology's expert advisors have carried out comprehensive research and identified these companies as industry leaders in the Knee Replacement Market. This Analysis is based on comprehensive primary and secondary research on the corporate strategies, financial and operational performance, product portfolio, market share and brand analysis of all the leading Knee Replacement industry players.

Knee Replacement Market Competitive Landscape

Stryker, Zimmer Biomet, DePuy Synthes Companies (Johnson & Johnson Services, Inc.), and Smith & Nephew are the market leaders, with significant brand presence and a diverse product portfolio. These manufacturers are expected to maintain their dominance in the knee arthroplasty market and create considerable revenue in the future due to ongoing expenditures in research and development for the release of cost-effective and creative knee implants. Furthermore, a significant emphasis on strategic alliances with other competitors in the knee implant market is anticipated to help the growth of their global footprints.

Knee Replacement Market Top Player's Company Profiles

Stryker Corporation
Zimmer Biomet Holdings, Inc.
Smith & Nephew plc
Johnson & Johnson (DePuy Synthes)
Medacta International SA
MicroPort Scientific Corporation
DJO Global Inc.
Exactech Inc.
ConforMIS, Inc.
Arthrex, Inc.
Corin Group PLC
Waldemar Link GmbH & Co. KG
B. Braun Melsungen AG
LimaCorporate S.p.A.
JRI Orthopaedics Ltd.
Zimmerer GmbH
Mathys AG Bettlach
Japan MDM, Inc.
United Orthopedic Corporation
Ortosintese

Knee Replacement Market Recent Developments

When KEM Hospital in Mumbai integrated a robotic arm for knee replacement treatments in February 2024, they made a significant technological advancement in medicine. By doing this, the hospital was among the first in India's public hospitals to carry out the surgery. Corporate sponsorship made this advancement possible. Furthermore, the hospital demonstrated its dedication to providing affordable healthcare by performing the first 300 procedures at no cost.
One of the top manufacturers of medical technology, Stryker, said in December 2023 that it had made Menix a legally binding bid to purchase SERF SAS, a joint replacement company with headquarters in France.
DePuy Synthes (US) introduced the VELYS Robotic-Assisted Solution in October 2023. With the goal of maximizing patient outcomes and delivering efficiency, the VELYS Robotic-Assisted Solution delivers perceptive analysis, flexible deployment, and validated performance.

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FAQs

Global Knee Replacement Market size was valued at USD 11.21 Billion in 2024 and is poised to grow from USD 11.75 Billion in 2025 to USD 17.09 Billion by 2033, growing at a CAGR of 4.8% during the forecast period (2026–2033).

The 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. 'Zimmer Biomet ', 'Stryker Corporation ', 'Johnson & Johnson (Depuy Synthes) ', 'Smith & Nephew Plc ', 'B. Braun (Aesculap) ', 'Medacta Group ', 'Microport Orthopedics ', 'Medtronic Plc ', 'Think Surgical ', 'Waldemar Link GmbH ', 'United Orthopedic Corp. ', 'Amplitude SAS ', 'Auxein Medical ', 'Arthrex Inc. ', 'Surgtech Inc.'

The increasing prevalence of osteoarthritis, especially in the elderly population, is a major driver of the knee replacement market. Osteoporosis affects millions of people worldwide, and its severity increases as the population ages. This condition often causes knee pain and loss of mobility, leading many people to seek knee replacement surgery. Moreover, advancements in healthcare and surgical procedures are making these procedures accessible to elderly patients, leading to market growth.

Increased Hospitalization of Knee Replacements: Outpatient or same-day knee replacement surgery is on the rise due to its convenience and cost-effectiveness. With advanced surgical techniques and improved pain management, these procedures allow patients to return home the same day. This knee replacement market trend is particularly evident in developed areas, where healthcare systems aim to reduce inpatient costs while providing high quality care.

As per knee replacement market forecast, the North America region is dominating. The major factors likely to boost the market growth in North America are rise in the number of individuals diagnosed with rheumatoid arthritis and increase in 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 replacement market in the United States during the forecast period. Rising factors such as prevalence of osteoporosis, aging population, a number of trauma and accident cases is projected to drive demand for knee replacements in North America. The Asia Pacific region in the 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. 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 market. As per The Asian Federation of Osteoporosis Societies (AFOS), a total of 1.2 million hip fractures occurred in 2019, which is expected to reach 2.6 million by 2050.

Top Knee Replacement Companies

Knee Replacement Market Competitive Landscape

FAQs

What is the global market size of Knee Replacement Market?

Who are the key vendors in the Knee Replacement Market?

What is the key driver of Knee Replacement Market?

What is the key market trend for Knee Replacement Market?

Which region accounted for the largest share in Knee Replacement Market?

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