Global Knee Arthroplasty Market, By Product (Primary Knee Replacement Systems, Revision Knee Replacement Systems, Partial Knee Replacement Systems), Device Type (Three-Compartmental Knee Implants, Bi-Compartmental Knee Implants, Uni-Compartmental Knee Implants), Component (Femoral, Tibial, Patellar), Implant Type (Fixed-Bearing Implants, Mobile-Bearing Implants, Medial Pivot Implants), Design (Cruciate Retaining, Posterior Stabilized Design), Surgery Type (Traditional Surgery Type, Technology Assisted Surgery Type), Fixation Material (Cemented, Cementless, Hybrid), Material (Metal-On-Plastic, Ceramic-On-Plastic, Ceramic-On-Ceramic, Metal-On-Metal), Polyethylene Inserts (Conventional Polyethylene Inserts, Highly Cross-Linked Polyethylene Inserts, Antioxidant Polyethylene Inserts), End Use (Hospitals, Ambulatory Surgical Centers) – Industry Trends and Forecast to 2029.
Knee Arthroplasty Market Analysis and Size
Around 1.5 million surgical and traumatic injuries were recorded in America in 2018, resulting in more than 3 million physician visits, according to the American Academy of Knee and Hip Replacement. Additionally, a study published by NCBI in 2019 found that the high incidence rate of severe trauma among young adults aged 18 to 35 years old worldwide every year from 2014 to 2018 led to doctors referring approximately two-thirds of patients with sports-related injuries for a total knee replacement (TKA) procedure.
Data Bridge Market Research analyses that the knee arthroplasty market which was USD 8,739.2 million in 2021, would rocket up to USD 13928.96 million by 2029, and is expected to undergo a CAGR of 6.00% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Knee Arthroplasty Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Primary Knee Replacement Systems, Revision Knee Replacement Systems, Partial Knee Replacement Systems), Device Type (Three-Compartmental Knee Implants, Bi-Compartmental Knee Implants, Uni-Compartmental Knee Implants), Component (Femoral, Tibial, Patellar), Implant Type (Fixed-Bearing Implants, Mobile-Bearing Implants, Medial Pivot Implants), Design (Cruciate Retaining, Posterior Stabilized Design), Surgery Type (Traditional Surgery Type, Technology Assisted Surgery Type), Fixation Material (Cemented, Cementless, Hybrid), Material (Metal-On-Plastic, Ceramic-On-Plastic, Ceramic-On-Ceramic, Metal-On-Metal), Polyethylene Inserts (Conventional Polyethylene Inserts, Highly Cross-Linked Polyethylene Inserts, Antioxidant Polyethylene Inserts), End Use (Hospitals, Ambulatory Surgical Centers)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Aesculap, Inc. (U.S.), B. Braun Melsungen AG (Germany), Corin Group (U.K.), Medical Devices Business Services, Inc. (U.S.), Smith+ Nephew (U.K.), Stryker (U.S.), Zimmer Biomet (U.S.), Exactech, Inc. (U.S.), Medacta International (U.S.), MicroPort Orthopedics Inc. (Switzerland), Medtronic (U.S.), Johnson & Johnson Private Limited (U.S.), MicroPort Scientific Corporation (China), Conformis Inc. (U.S.)
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Market Opportunities
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Market Definition
Knee replacement, commonly known as knee arthroplasty or a total knee replacement, is an surgical procedure to repair an affected arthritis knee. The knee cap of the bones that makes the knee joint are made of metal and plastic. If someone have serious knee injuries or arthritis, then knee arthroplasty is the only option. The purpose of knee replacement surgery is to resurface the damaged areas of the knee joint and to cure persistent knee pain.
Knee Arthroplasty Market Dynamics
Drivers
- Rising contamination rates
The growing trend among doctors to do total knee arthroplasty using robotic technology is blossoming, and the business is being stimulated by longer-lasting recovery times and quicker increases in range of motion. The market for knee arthroplasty is expanding as a result of several variables, including the ageing population, the prevalence of arthropathy and osteoporosis, increasing contamination rates, and an increase in knee revisions.
- Growing awareness about benefits of surgery
Patients are becoming more aware of the advantages of surgery over alternative forms of treatment including medication and physical therapy, which is fuelling market expansion.
- Increasing geriatric population
The global geriatric population is increasing rapidly, which is expected to drive the demand for knee arthroplasty procedures in the coming years.
Opportunities
- Increase in the number of research and development activities
An increasing number of product launches fuels the market's growth and approvals is expected to aid in the market's growth over the forecast period. This will provide beneficial opportunities for the market growth.
Restraints/Challenges
On the other hand, the huge expense of the system and compensation concerns will obstruct the market's growth rate. The U.S. Food and Drug Administration's (FDA) increasing number of recalls of knee replacement implants due to product failures, component inconsistency, or compromised sterility issues is the primary restraint on the global total knee arthroplasty market, which is anticipated to restrain market growth over the forecast period.
This knee arthroplasty market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the knee arthroplasty market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Knee Arthroplasty Market
Due to hospitals postponing or cancelling surgeries and other procedures, such as arthroplasty and other knee replacement surgeries, many arthritis patients are suffering from getting treated during the COVID-19 epidemic. Another issue is that individuals who need timely treatment for mild arthritis have regrettably conclude that the risk of getting COVID-19 may outweigh the advantages of arthroplasty. The COVID-19 epidemic is having a significant influence on the amount of hip and knee arthroplasty surgeries and might result in significant financial loss as non-essential surgery limitations continue in some areas of the United States.
Global Knee Arthroplasty Market Scope
The knee arthroplasty market is segmented on the basis of product, device type, component, implant type, design, surgery type, fixation material, material, polyethylene inserts, and end use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Primary Knee Replacement Systems
- Revision Knee Replacement Systems
- Partial Knee Replacement Systems
Device Type
- Three-Compartmental Knee Implants
- Bi-Compartmental Knee Implants
- Uni-Compartmental Knee Implants
Component
- Femoral
- Tibial
- Patellar
Implant Type
- Fixed-Bearing Implants
- Mobile-Bearing Implants
- Medial Pivot Implants
Design
- Cruciate Retaining
- Posterior Stabilized Design
Surgery Type
- Traditional Surgery Type
- Technology Assisted Surgery Type
Fixation Material
- Cemented
- Cementless
- Hybrid
Material
- Metal-On-Plastic
- Ceramic-On-Plastic
- Ceramic-On-Ceramic
- Metal-On-Metal
Polyethylene Inserts
- Conventional Polyethylene Inserts
- Highly Cross-Linked Polyethylene Inserts
- Antioxidant Polyethylene Inserts
End Use
- Hospitals
- Ambulatory Surgical Centers
Knee Arthroplasty Market Regional Analysis/Insights
The knee arthroplasty market is analysed and market size insights and trends are provided by country, product, device type, component, implant type, design, surgery type, fixation material, material, polyethylene inserts, and end use as referenced above.
The countries covered in the knee arthroplasty market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the knee arthroplasty market due to the proximity of significant business players and an escalation in the predominance of people sustaining from degenerative disorders.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 due to the increasing knee replacement system approvals.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Knee Arthroplasty Market Share Analysis
The knee arthroplasty market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to knee arthroplasty market.
Some of the major players operating in the knee arthroplasty market are:
- Aesculap, Inc. (U.S.)
- B. Braun Melsungen AG (Germany)
- Corin Group (U.K.)
- Medical Devices Business Services, Inc. (U.S.)
- Smith+ Nephew (U.K.)
- Stryker (U.S.)
- Zimmer Biomet (U.S.)
- Exactech, Inc. (U.S.)
- Medacta International (U.S.)
- MicroPort Orthopedics Inc. (Switzerland)
- Medtronic (U.S.)
- Johnson & Johnson Private Limited (U.S.)
- MicroPort Scientific Corporation (China)
- Conformis Inc. (U.S.)
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