The global knee replacement market share is estimated to display sluggish growth throughout the forecast period, expanding at a CAGR of 2.70%. The market value of knee replacement is expected to expand from US$ 10,069.3 million in 2024 to US$ 13,143.3 million by 2034.
Attributes | Key Insights |
---|---|
Estimated Knee Replacement Market Size (2024E) | US$ 10,069.3 million |
Projected Knee Replacement Industry Value (2034F) | US$ 13,143.3 million |
Value-based CAGR (2024 to 2034) | 2.70% |
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Continuous rise in the knee replacements per year worldwide is expected to contribute to the market’s growth over the forecast period. The market is analyzed by FMI analysts to showcase a CAGR of 2.70% over the assessment period.
The column below offers a broad picture of the emerging opportunities and recent trends spotted in the knee replacement market and related markets. For this study, the knee reconstruction device market and below-the-knee implant market are taken.
The below-the-knee implant industry is predicted to steal the limelight, as the market is expected to record a greater CAGR than the market peers. This market is expected to exhibit a CAGR of 5.20% through 2034. Driving factors for this industry are the development of smart implants and the surging use of modular implants.
Knee reconstruction device market and knee replacement market are predicted to follow the below-the-knee implant market in terms of growth.
Knee Replacement Market:
Attributes | Knee Replacement Market |
---|---|
CAGR (2024 to 2034) | 2.70% |
Growth Factor | Increasing geriatric population |
Opportunity | Surging investments by players in new technologies |
Key Trends | Rising government initiatives |
Knee Reconstruction Device Market:
Attributes | Knee Reconstruction Device Market |
---|---|
CAGR (2024 to 2034) | 4.3% |
Growth Factor | Accelerating hip and knee joint reconstruction surgeries |
Opportunity | Rising government investments to develop healthcare infrastructure |
Key Trends | Upsurge in the funding for research and development |
Below-the-knee Implant Market:
Attributes | Below-the-knee Implant Market |
---|---|
CAGR (2024 to 2034) | 5.20% |
Growth Factor | Growing prevalence of peripheral vascular disease |
Opportunity | Surging utilization of biodegradable implants made of materials that can be absorbed by the body over time |
Key Trends | Increasing use of patient-specific implants |
Leading Product | Total Knee Replacement |
---|---|
Value Share (2024) | 42.0% |
Based on product, the total knee replacement segment is projected to acquire a market share of 42% in 2024. Key factors that are contributing to the segment’s growth are as follows:
Leading End User | Hospitals |
---|---|
Value Share (2024) | 34.0% |
Hospitals are expected to be a prominent end user of knee replacement services. Top factors that are supporting the hospital segment are:
Countries | Forecast CAGR (2024 to 2034) |
---|---|
Canada | 2.00% |
Spain | 2.10% |
India | 4.80% |
Thailand | 4.20% |
Malaysia | 3.80% |
The knee replacement market in Canada is projected to register a CAGR of 2% through 2034. Key factors that are shaping the market dynamics are as follows:
Spain is a key knee replacement market in Europe. The country is set to record a CAGR of 2.10% through 2034. Market forces that are backing the knee replacement surgery industry’s growth are:
The knee replacement market in India is estimated to expand at a consistent CAGR of 4.80% over the next 10 years. Factors responsible for market growth are as follows:
The Thailand knee replacement market is projected to report growth of 4.2% from 2024 to 2034. Over the forecast period, following factors are driving the market growth:
Knee replacement market in Malaysia is anticipated to expand at a CAGR of 3.8% through 2034. The market is forecast to be driven by following factors:
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Leading companies in the market are continuously innovating to develop knee replacement implants with improved functionality, patient outcomes, and durability. This is achieved by including materials like 3D printing technology and wear-resistant surfaces. Players are further investing in latest technologies like robotics and digital due to increased traction, especially for robotics knee replacement surgeries.
Leading players are increasingly focusing on emerging markets with rising populations and expanding demand for knee replacements. Industry participants are further developing minimally invasive surgical techniques to offer reduced pain and faster recovery times.
Companies are exploring ways to cut down on costs related to procedures and implants while ensuring product quality to increase accessibility to healthcare providers and patients. Additionally, players are offering comprehensive patient care solutions and training programs to encourage surgeons to adopt their offerings.
Players are expected to expand product portfolios, combine resources, and gain a larger market share by merging and acquiring other players.
Latest Developments Taking Place in the Knee Replacement Market
The market is estimated to account for US$ 10,069.3 million in 2024.
Throughout the forecast period, the knee replacement industry is projected to register a CAGR of 2.70%.
By 2034, the knee replacement industry is forecast to be worth US$ 13,143.3 million.
Hospitals are expected to be significant performers of knee replacement surgeries.
India is expected to find considerable growth prospects in the future.
Leading companies in the knee replacement industry include Stryker, Aesculap, Inc., and Conformis.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
4.1. Historical Market Size Value (US$ Million) Analysis, 2019 to 2023
4.2. Current and Future Market Size Value (US$ Million) Projections, 2024 to 2034
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Product Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By Product Type, 2019 to 2023
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Product Type, 2024 to 2034
5.3.1. Total Knee Replacement
5.3.2. Partial Knee Replacement
5.3.3. Revision Knee Replacement
5.3.4. Others
5.4. Y-o-Y Growth Trend Analysis By Product Type, 2019 to 2023
5.5. Absolute $ Opportunity Analysis By Product Type, 2024 to 2034
6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Material Type
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) Analysis By Material Type, 2019 to 2023
6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Material Type, 2024 to 2034
6.3.1. Metal
6.3.2. Ceramic
6.3.3. Plastic Components
6.4. Y-o-Y Growth Trend Analysis By Material Type, 2019 to 2023
6.5. Absolute $ Opportunity Analysis By Material Type, 2024 to 2034
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End User
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) Analysis By End User, 2019 to 2023
7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By End User, 2024 to 2034
7.3.1. Hospitals
7.3.2. Specialized Orthopedic Clinics
7.3.3. Ambulatory Surgical Centres
7.3.4. Others
7.4. Y-o-Y Growth Trend Analysis By End User, 2019 to 2023
7.5. Absolute $ Opportunity Analysis By End User, 2024 to 2034
8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) Analysis By Region, 2019 to 2023
8.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2024 to 2034
8.3.1. North America
8.3.2. Latin America
8.3.3. Western Europe
8.3.4. Eastern Europe
8.3.5. South Asia and Pacific
8.3.6. East Asia
8.3.7. Middle East and Africa
8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
9.2.1. By Country
9.2.1.1. USA
9.2.1.2. Canada
9.2.2. By Product Type
9.2.3. By Material Type
9.2.4. By End User
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Product Type
9.3.3. By Material Type
9.3.4. By End User
9.4. Key Takeaways
10. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Rest of Latin America
10.2.2. By Product Type
10.2.3. By Material Type
10.2.4. By End User
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Product Type
10.3.3. By Material Type
10.3.4. By End User
10.4. Key Takeaways
11. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. UK
11.2.1.3. France
11.2.1.4. Spain
11.2.1.5. Italy
11.2.1.6. Rest of Western Europe
11.2.2. By Product Type
11.2.3. By Material Type
11.2.4. By End User
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Product Type
11.3.3. By Material Type
11.3.4. By End User
11.4. Key Takeaways
12. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
12.2.1. By Country
12.2.1.1. Poland
12.2.1.2. Russia
12.2.1.3. Czech Republic
12.2.1.4. Romania
12.2.1.5. Rest of Eastern Europe
12.2.2. By Product Type
12.2.3. By Material Type
12.2.4. By End User
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Product Type
12.3.3. By Material Type
12.3.4. By End User
12.4. Key Takeaways
13. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
13.2.1. By Country
13.2.1.1. India
13.2.1.2. Bangladesh
13.2.1.3. Australia
13.2.1.4. New Zealand
13.2.1.5. Rest of South Asia and Pacific
13.2.2. By Product Type
13.2.3. By Material Type
13.2.4. By End User
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Product Type
13.3.3. By Material Type
13.3.4. By End User
13.4. Key Takeaways
14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
14.2.1. By Country
14.2.1.1. China
14.2.1.2. Japan
14.2.1.3. South Korea
14.2.2. By Product Type
14.2.3. By Material Type
14.2.4. By End User
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Product Type
14.3.3. By Material Type
14.3.4. By End User
14.4. Key Takeaways
15. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
15.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
15.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
15.2.1. By Country
15.2.1.1. GCC Countries
15.2.1.2. South Africa
15.2.1.3. Israel
15.2.1.4. Rest of MEA
15.2.2. By Product Type
15.2.3. By Material Type
15.2.4. By End User
15.3. Market Attractiveness Analysis
15.3.1. By Country
15.3.2. By Product Type
15.3.3. By Material Type
15.3.4. By End User
15.4. Key Takeaways
16. Key Countries Market Analysis
16.1. USA
16.1.1. Market Share Analysis, 2023
16.1.1.1. By Product Type
16.1.1.2. By Material Type
16.1.1.3. By End User
16.2. Canada
16.2.1. Market Share Analysis, 2023
16.2.1.1. By Product Type
16.2.1.2. By Material Type
16.2.1.3. By End User
16.3. Brazil
16.3.1. Market Share Analysis, 2023
16.3.1.1. By Product Type
16.3.1.2. By Material Type
16.3.1.3. By End User
16.4. Mexico
16.4.1. Market Share Analysis, 2023
16.4.1.1. By Product Type
16.4.1.2. By Material Type
16.4.1.3. By End User
16.5. Germany
16.5.1. Market Share Analysis, 2023
16.5.1.1. By Product Type
16.5.1.2. By Material Type
16.5.1.3. By End User
16.6. UK
16.6.1. Market Share Analysis, 2023
16.6.1.1. By Product Type
16.6.1.2. By Material Type
16.6.1.3. By End User
16.7. France
16.7.1. Market Share Analysis, 2023
16.7.1.1. By Product Type
16.7.1.2. By Material Type
16.7.1.3. By End User
16.8. Spain
16.8.1. Market Share Analysis, 2023
16.8.1.1. By Product Type
16.8.1.2. By Material Type
16.8.1.3. By End User
16.9. Italy
16.9.1. Market Share Analysis, 2023
16.9.1.1. By Product Type
16.9.1.2. By Material Type
16.9.1.3. By End User
16.10. Poland
16.10.1. Market Share Analysis, 2023
16.10.1.1. By Product Type
16.10.1.2. By Material Type
16.10.1.3. By End User
16.11. Russia
16.11.1. Market Share Analysis, 2023
16.11.1.1. By Product Type
16.11.1.2. By Material Type
16.11.1.3. By End User
16.12. Czech Republic
16.12.1. Market Share Analysis, 2023
16.12.1.1. By Product Type
16.12.1.2. By Material Type
16.12.1.3. By End User
16.13. Romania
16.13.1. Market Share Analysis, 2023
16.13.1.1. By Product Type
16.13.1.2. By Material Type
16.13.1.3. By End User
16.14. India
16.14.1. Market Share Analysis, 2023
16.14.1.1. By Product Type
16.14.1.2. By Material Type
16.14.1.3. By End User
16.15. Bangladesh
16.15.1. Market Share Analysis, 2023
16.15.1.1. By Product Type
16.15.1.2. By Material Type
16.15.1.3. By End User
16.16. Australia
16.16.1. Market Share Analysis, 2023
16.16.1.1. By Product Type
16.16.1.2. By Material Type
16.16.1.3. By End User
16.17. New Zealand
16.17.1. Market Share Analysis, 2023
16.17.1.1. By Product Type
16.17.1.2. By Material Type
16.17.1.3. By End User
16.18. China
16.18.1. Market Share Analysis, 2023
16.18.1.1. By Product Type
16.18.1.2. By Material Type
16.18.1.3. By End User
16.19. Japan
16.19.1. Market Share Analysis, 2023
16.19.1.1. By Product Type
16.19.1.2. By Material Type
16.19.1.3. By End User
16.20. South Korea
16.20.1. Market Share Analysis, 2023
16.20.1.1. By Product Type
16.20.1.2. By Material Type
16.20.1.3. By End User
16.21. GCC Countries
16.21.1. Market Share Analysis, 2023
16.21.1.1. By Product Type
16.21.1.2. By Material Type
16.21.1.3. By End User
16.22. South Africa
16.22.1. Market Share Analysis, 2023
16.22.1.1. By Product Type
16.22.1.2. By Material Type
16.22.1.3. By End User
16.23. Israel
16.23.1. Market Share Analysis, 2023
16.23.1.1. By Product Type
16.23.1.2. By Material Type
16.23.1.3. By End User
17. Market Structure Analysis
17.1. Competition Dashboard
17.2. Competition Benchmarking
17.3. Market Share Analysis of Top Players
17.3.1. By Regional
17.3.2. By Product Type
17.3.3. By Material Type
17.3.4. By End User
18. Competition Analysis
18.1. Competition Deep Dive
18.1.1. Zimmer Biomet
18.1.1.1. Overview
18.1.1.2. Product Portfolio
18.1.1.3. Profitability by Market Segments
18.1.1.4. Sales Footprint
18.1.1.5. Strategy Overview
18.1.1.5.1. Marketing Strategy
18.1.2. Stryker Corporation
18.1.2.1. Overview
18.1.2.2. Product Portfolio
18.1.2.3. Profitability by Market Segments
18.1.2.4. Sales Footprint
18.1.2.5. Strategy Overview
18.1.2.5.1. Marketing Strategy
18.1.3. Smith & Nephew Plc
18.1.3.1. Overview
18.1.3.2. Product Portfolio
18.1.3.3. Profitability by Market Segments
18.1.3.4. Sales Footprint
18.1.3.5. Strategy Overview
18.1.3.5.1. Marketing Strategy
18.1.4. Johnson & Johnson Services Inc
18.1.4.1. Overview
18.1.4.2. Product Portfolio
18.1.4.3. Profitability by Market Segments
18.1.4.4. Sales Footprint
18.1.4.5. Strategy Overview
18.1.4.5.1. Marketing Strategy
18.1.5. B. Braun Melsungen AG
18.1.5.1. Overview
18.1.5.2. Product Portfolio
18.1.5.3. Profitability by Market Segments
18.1.5.4. Sales Footprint
18.1.5.5. Strategy Overview
18.1.5.5.1. Marketing Strategy
18.1.6. Medacta International
18.1.6.1. Overview
18.1.6.2. Product Portfolio
18.1.6.3. Profitability by Market Segments
18.1.6.4. Sales Footprint
18.1.6.5. Strategy Overview
18.1.6.5.1. Marketing Strategy
18.1.7. MicroPort Scientific Corporation
18.1.7.1. Overview
18.1.7.2. Product Portfolio
18.1.7.3. Profitability by Market Segments
18.1.7.4. Sales Footprint
18.1.7.5. Strategy Overview
18.1.7.5.1. Marketing Strategy
18.1.8. ConforMIS, Inc
18.1.8.1. Overview
18.1.8.2. Product Portfolio
18.1.8.3. Profitability by Market Segments
18.1.8.4. Sales Footprint
18.1.8.5. Strategy Overview
18.1.8.5.1. Marketing Strategy
18.1.9. Corin Group
18.1.9.1. Overview
18.1.9.2. Product Portfolio
18.1.9.3. Profitability by Market Segments
18.1.9.4. Sales Footprint
18.1.9.5. Strategy Overview
18.1.9.5.1. Marketing Strategy
18.1.10. Exactech, Inc
18.1.10.1. Overview
18.1.10.2. Product Portfolio
18.1.10.3. Profitability by Market Segments
18.1.10.4. Sales Footprint
18.1.10.5. Strategy Overview
18.1.10.5.1. Marketing Strategy
19. Assumptions & Acronyms Used
20. Research Methodology
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