Global Total Knee Replacement Market

Global Total Knee Replacement Market Size, Share, Growth Analysis, By Type(Primary Knee Replacement Systems, Revision Knee Replacement Systems), By Implant Type(Fixed-Bearing Implants, Mobile-Bearing Implants), By Procedure(Total Knee Arthroplasty, Partial Knee Arthroplasty), By Fixation Type(Cemented, Cementless), By End-Use(Hospitals, Orthopedic Clinics) - Industry Forecast 2023-2030


Report ID: SQMIG35D2054 | Region: Global | Published Date: February, 2024
Pages: 165 | Tables: 143 | Figures: 78

Global Total Knee Replacement Market Insights

Total Knee Replacement Market size was valued at USD 8.57 billion in 2021 and is poised to grow from USD 9 billion in 2022 to USD 13.96 billion by 2030, growing at a CAGR of 5% in the forecast period (2023-2030).

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 - 2023-2030

Global Market Size

USD 8.57 billion

Largest Segment

Primary Knee Replacement Systems

Fastest Growth

Primary Knee Replacement Systems

Growth Rate

5% CAGR

Global Total Knee Replacement Market 2022-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
Global Total Knee Replacement Market Size By Procedure Type 2022-2028 ($ Bn)
Global Total Knee Replacement Market Size By Procedure Type 2022-2028 (%)

To get more reports on the above market click here to Buy The Report

Global Total Knee Replacement Market Segmental Analysis

The Global Total Knee Replacement market is segmented based on Type, Procedure Implant Type, Fixation Type, End-User, and Region. Based on Implant Type, the Total Knee Replacement Market is segmented into Fixed-Bearing Implants, Mobile-Bearing Implants. Based on Type, the market is segmented into Primary Knee Replacement Systems, Revision Knee Replacement Systems, and Partial Knee Replacement Systems. Based on Procedure, the market is segmented into Total Knee Arthroplasty, Partial Knee Arthroplasty, and Revision Arthroplasty. Based on Fixation Type, the Total Knee Replacement Market is segmented into Cemented, Cementless, Hybrid, and Reverse Hybrid. Based on End-Use, the Total Knee Replacement Marketis segmented into Hospitals, Orthopaedic Clinics. Based on region the global Total Knee Replacement market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.

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 (%), 2021 (%)

To get detailed analysis on other segments, Request For Free Sample Report

Global 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, 2023-2030
  • Largest
  • Fastest

To know more about the market opportunities by region and country, click here to
Buy The Complete Report

Global 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.

Request Free Customization of this report to help us to meet your business objectives.

Global 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.

Total Knee Replacement Market Top Player's Company Profiles

  • Zimmer Biomet
  • Stryker Corporation
  • Smith & Nephew plc
  • Johnson & Johnson Services Inc. (DePuy Synthes)
  • MicroPort Scientific Corporation
  • B. Braun Melsungen AG
  • ConforMIS Inc.
  • DJO Global Inc.
  • Exactech Inc.
  • Corin Group PLC
  • Arthrex Inc.
  • Colfax Corporation (DJO Global)
  • Medacta International SA
  • OMNI Life Science Inc.
  • Ortho Development Corporation
  • Smith & Nephew plc
  • Waldemar Link GmbH & Co. KG
  • Beijing Montagne Medical Device Co. Ltd.
  • Limacorporate Spa
  • JRI Orthopaedics Ltd.

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.

Global 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.

Global 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 2021 USD 8.57 billion
Market size value in 2030 USD 13.96 billion
Growth Rate 5%
Base year 2021
Forecast period 2023-2030
Forecast Unit (Value) USD Billion
Segments covered
  • Type
    • Primary Knee Replacement Systems, Revision Knee Replacement Systems, Partial Knee Replacement Systems
  • Implant Type
    • Fixed-Bearing Implants, Mobile-Bearing Implants
  • Procedure
    • Total Knee Arthroplasty, Partial Knee Arthroplasty, Revision Arthroplasty
  • Fixation Type
    • Cemented, Cementless, Hybrid, Reverse Hybrid
  • End-Use
    • Hospitals, Orthopedic Clinics
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
  • Zimmer Biomet
  • Stryker Corporation
  • Smith & Nephew plc
  • Johnson & Johnson Services Inc. (DePuy Synthes)
  • MicroPort Scientific Corporation
  • B. Braun Melsungen AG
  • ConforMIS Inc.
  • DJO Global Inc.
  • Exactech Inc.
  • Corin Group PLC
  • Arthrex Inc.
  • Colfax Corporation (DJO Global)
  • Medacta International SA
  • OMNI Life Science Inc.
  • Ortho Development Corporation
  • Smith & Nephew plc
  • Waldemar Link GmbH & Co. KG
  • Beijing Montagne Medical Device Co. Ltd.
  • Limacorporate Spa
  • JRI Orthopaedics Ltd.
Customization scope

Free report customization with purchase. Customization includes:-

  • Segments by type, application, etc
  • Company profile
  • Market dynamics & outlook
  • Region

To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.

Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share

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 Global 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
  • 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 Global 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
  • 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
  • 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(%)

Methodology

For the Global 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 Global 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 Global 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 Global 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.

$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Total Knee Replacement Market size was valued at USD 8.57 billion in 2021 and is poised to grow from USD 9 billion in 2022 to USD 13.96 billion by 2030, growing at a CAGR of 5% in the forecast period (2023-2030).

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. 'Zimmer Biomet', 'Stryker Corporation', 'Smith & Nephew plc', 'Johnson & Johnson Services Inc. (DePuy Synthes)', 'MicroPort Scientific Corporation', 'B. Braun Melsungen AG', 'ConforMIS Inc.', 'DJO Global Inc.', 'Exactech Inc.', 'Corin Group PLC', 'Arthrex Inc.', 'Colfax Corporation (DJO Global)', 'Medacta International SA', 'OMNI Life Science Inc.', 'Ortho Development Corporation', 'Smith & Nephew plc', 'Waldemar Link GmbH & Co. KG', 'Beijing Montagne Medical Device Co. Ltd.', 'Limacorporate Spa', 'JRI Orthopaedics Ltd.'

The rising prevalence of knee osteoarthritis will drive the market.

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.

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.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Global Total Knee Replacement Market

Product ID: SQMIG35D2054

$5,300
BUY NOW GET FREE SAMPLE