Total Knee Replacement Market - By Product (Primary Systems, Revision Systems, Partial Systems), By Device Type, By Component, By Implant Type, By Design, By Surgery Type, By Fixation Material, By Material, By Polyethylene Inserts, By End-use & Forecast, 2023-2032

Total Knee Replacement Market - By Product (Primary Systems, Revision Systems, Partial Systems), By Device Type, By Component, By Implant Type, By Design, By Surgery Type, By Fixation Material, By Material, By Polyethylene Inserts, By End-use & Forecast, 2023-2032

Total Knee Replacement Market Size

Total Knee Replacement Market size generated over USD 9 billion in 2022 and is anticipated to grow at a robust pace of 5% CAGR from 2023 to 2032 driven by the rising prevalence of arthritis and osteoporosis worldwide.
 

According to CDC data, more than 2.6 million people in the United States are suffering from osteoporosis, driving up demand for knee replacement products. The development of minimally invasive surgical methods for replacement procedures that are necessitated in the case of arthritis and osteoporosis is expected to boost product demand. Furthermore, leading industry participants are undertaking specific initiatives to implement improvements in the equipment used in knee replacement surgeries, thereby supporting the industry's expansion.
 

In addition, technical advancements have raised the success rates of knee replacement treatments, significantly influencing the total knee replacement market outlook. Development of novel surgical procedures that use diverse approaches to support reduction in traumatic situations is expected to benefit the industry growth. Over 900,000 people in the United States have knee replacement surgical operations each year due to the availability of high-quality surgical devices and painless surgeries given the availability of high-precision tools.
 

Total Knee Replacement Market Analysis

Based on the product, the total knee replacement market is segmented into primary knee replacement systems, revision knee replacement systems and partial knee replacement systems. The partial knee replacement systems segment is estimated to exhibit over 5% CAGR through 2032, owing to its growing preference among the geriatric population for partial knee surgeries. The growth is likely to be influenced by associated product benefits including minimal pain, less swelling, and low postoperative complications.
 

Total knee replacement market is segregated depending on components into femoral, tibial, and patellar segments. The tibial segment generated over USD 3 billion in 2022. The growing number of patients undergoing joint preservation surgery to treat articular cartilage damage caused by osteoarthritis and malalignment is driving demand for tibial component knee replacement systems. Potential advantages of these components including lower cost, avoidance of locking-mechanism difficulties and backside wear, and higher polyethylene thickness following similar bone resections are likely to contribute to the industry development.
 

In terms of surgery type, the market is categorized into traditional surgery type and technology-assisted surgery type. The traditional surgery type segment is expected to surpass USD 11.5 billion by 2032. Traditional surgeries are cost-effective procedures that utilize x-rays, depend on the surgeon's visual judgement, and employs direct manual surgery. The growing adoption of traditional surgeries by patients and healthcare professionals for its dependability and accessibility in several healthcare facilities is estimated to positively influence the segment trends.
 

Total knee replacement market is segmented into ceramic-on-plastic, metal-on-plastic, and metal-on-metal segments based on material. The metal-on-plastic segment accounted for a considerable market share in 2022 and is expected to grow at more than 4.5% CAGR through 2032 due to the benefits offered by the material. The low cost of metal-on-plastic implants, coupled with a long track record of safety and implant durability, is expected to spur market statistics.
 

As per end users, the hospital segment across the total knee replacement market is estimated to reach over USD 11 billion by 2032. This is attributed to the rising hospital admissions given the growing prevalence of infectious diseases, along with an expanding ageing population. Moreover, factors such as developing healthcare infrastructure and the availability of highly qualified experts to help a diverse population base are likely to boost market size.
 

Asia Pacific total knee replacement market is projected to expand over 8% CAGR through the analysis timeframe. The regional industry revenue is anticipated to be impacted by several factors such as increasing privatization, expanding health insurance penetration, growing focus on attracting skilled health care providers, and an ageing population vulnerable to various chronic ailments. Furthermore, increasing awareness of various advancements in materials, components, and methods in knee replacement is also contributing to the regional industry value.
 

Total Knee Replacement Market Share

The enterprises operating in the total knee replacement market are

• Zimmer Biomet
• Corin Group
• Smith & Nephew PLC
• DJO Global
• Exactech Inc
• ODEV
• Depuy Synthes (Johnson & Johnson)
• Medacta International
• Allegra Orthopaedics Limited
• ConforMIS Inc

In January 2021, DePuy Synthes, a franchise of orthopedic and neurosurgical firms, received 510(k) FDA authorization for the VELYS Robotic-Assisted Solution, which was designed to be used in conjunction with the ATTUNE Total Knee System. The approval will assist the firm in strengthening and expanding its product offering.
 

Impact of COVID-19 Pandemic

The COVID-19 pandemic caused significant disruptions in production, supply chain, and logistics, significantly impacting the overall healthcare industry. The acceptance of social distancing norms, coupled with the evolution of standard operating protocols, had impacted the everyday operations of several healthcare services throughout the world, including the distribution of total knee replacement-related products. However, collaborative efforts from key manufacturers, public and private organizations and declining COVID-19 cases are projected to promote market development in the long run.
 

The total knee replacement market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in tons and revenue in USD million from 2018 to 2032 for the following segments

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By Product

• Primary knee replacement systems
• Revision knee replacement systems
• Partial knee replacement systems

By Device Type

• Three-compartmental Knee Implants
• Bicompartmental Knee Implants
• Unicompartmental Knee Implants

By Component

• Femoral
• Tibial
• Patellar

By Implant Type

• Fixed-bearing Implants
• Mobile-bearing Implants
• Medial Pivot Implants
• Others

By Design

• Posterior Stabilized Design
• Cruciate Retaining Design
• Others

By Surgery Type

• Traditional Surgery Type
• Technology Assisted Surgery Type

By Fixation Material

• Cemented
• Cementless
• Hybrid

By Material

• Metal-on-plastic
• Ceramic-on-plastic
• Ceramic-on-ceramic
• Metal-on-metal

By Polyethylene Inserts

• Conventional Polyethylene Inserts
• Highly Cross-Linked Polyethylene Inserts
• Antioxidant Polyethylene Inserts

By End-use

• Hospitals
• Ambulatory Surgery Centers
• Others

The above information is provided for the following regions and countries

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Austria
  • Belgium
  • Czech Republic
  • Netherlands
  • Poland
  • Portugal
  • Sweden
  • Switzerland
  • Turkey
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Taiwan
  • Indonesia
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Colombia
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Israel