Knee replacement surgery is an orthopedic surgery wherein the damaged knee is replaced by artificial components called implants. There are different types of implants used in the knee replacement surgery depending on the knee problem, knee anatomy, as well as age, weight and activity level.

The report titled “Global Knee Implants Market- Growth, Future Prospects and Competitive Analysis, 2023–2030” offers strategic insights into the overall knee implants market along with the market size and estimates for the duration 2023 to 2030. The research study covers in-depth analysis of market segments based on procedure type, material type, and different geographical region.

Along with quantitative information, qualitative information sets and assessment tools are provided in this study for better analysis of the overall market scenario and future prospects. Information such as market inclination insights and drivers, challenges and opportunities assists the readers for understanding the ongoing trends in the global knee implants market. Tools such as market positioning of key players and attractive investment proposition provide the readers with insights on the competitive scenario of the global knee implants market. This report concludes with company profiles section that highlights major information about the key players engaged in global knee implants market. In-depth competitive environment analysis and historical years (2020) market size data are also provided in the report. 

Knee replacement surgery is an orthopedic surgery wherein the damaged knee is replaced by artificial components called implants. There are different types of implants used in the knee replacement surgery depending on the knee problem, knee anatomy, as well as age, weight and activity level. When the knee doesn’t respond to medications and treatment, knee replacement surgery is suggested. There are three types of replacement surgeries: total knee replacement, partial knee replacement and revision knee surgery. Total knee replacement (TKR) surgery holds the largest share in the knee implants market. TKR is the traditional method and the most effective method of repairing a damaged knee. During a TKR, the surgeon removes the surface of the bones that have been damaged by osteoarthritis or other causes and replaces the knee with an artificial implant that is selected to fit the knee anatomy. According to survey, more than 95% of the patients in U.S. are satisfied with the outcome of their total knee replacement surgery. Advancements in medical technology have led to precise and highly functional artificial knee implants that nearly duplicate the way the human knee moves which is fueling the growth of knee implants market.

The replacement knee joint comprises of a flat metal plate and stem implanted in the tibia, a polyethylene-bearing surface, and a contoured metal implant fit around the end of the femur. The use of components made from metals and polyethylene allow for optimum articulation (or joint mobility) between the joint surfaces with little wear. On the basis of materials, the knee implants market is segmented as stainless steel, cobalt-chromium alloys, titanium and titanium alloys, polyethylene, ceramics and others. Titanium and titanium alloys held the largest share in the global knee implants market by material. Titanium alloys are bio-compatible and inert in nature and hence is the most preferred type of material. The most popular titanium alloy is use is Ti6Al4V. Cobalt-chromium alloys is just as widely used as titanium due to its extremely inert, bio-compatible and durable properties. Polyethylene material is the fastest growing material in the global knee implants market due to factors such as low weight, high tensile strength and less chances of corrosion, driving the global knee implants market.

For the purpose of this study, the global knee implants market is segmented into regional markets viz., North America, Europe, Asia Pacific, Latin America, Middle East and Africa. In the base year 2016, North America was observed as the largest revenue generating market for knee implants, where the U.S. held the largest market share due to technological advancements in orthopedic implants, such as the use of bio-compatible materials, application of 3D printing technology in obtain precise implants, robotic-assisted and minimally invasive surgeries, and navigation technology are the factors driving the knee implants market in North America. Moreover, the rising population of geriatric individuals and increasing health care expenditure are also foreseen to contribute to the growth of this market significantly during the forecast period. Asia-Pacific is expected to emerge as the fastest growing region during the forecast period due flourishing medical tourism in the region especially in the countries such as India, China, and Thailand is boosting the demand for knee replacement market in Asia-Pacific Market.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Knee Implants market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Knee Implants market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Knee Implants market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Knee Implants market?
• Which is the largest regional market for Knee Implants market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Knee Implants market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Knee Implants market worldwide?