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PUBLISHER: Fortune Business Insights Pvt. Ltd. | PRODUCT CODE: 1930103
PUBLISHER: Fortune Business Insights Pvt. Ltd. | PRODUCT CODE: 1930103
Knee Replacement Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2026-2034
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Growth Factors of knee replacement Market
The global knee replacement market is poised for significant growth over the next decade, driven by rising prevalence of knee osteoarthritis, an expanding geriatric population, and increasing adoption of minimally invasive and robotic-assisted surgical procedures. According to Fortune Business Insights, the market was valued at USD 9.37 billion in 2025, projected to reach USD 9.81 billion in 2026, and is expected to grow to USD 14.65 billion by 2034, representing a CAGR of 5.15% from 2026 to 2034. North America dominated the market in 2025 with a 50.75% share, owing to a large patient pool, advanced healthcare infrastructure, and favorable reimbursement policies.
Market Overview
Knee arthroplasty, commonly known as knee replacement surgery, involves removing damaged cartilage and tissues from the knee joint and replacing them with an artificial implant. The demand for these procedures has increased due to rising cases of osteoarthritis, rheumatoid arthritis, and psoriatic arthritis globally. According to the Arthritis Foundation, approximately 14 million people in the U.S. have symptomatic knee osteoarthritis, with over 600,000 knee replacement surgeries performed annually. Additionally, younger patients with high BMI are contributing to growing surgery volumes.
The COVID-19 pandemic significantly impacted elective procedures such as knee replacement, leading to revenue drops for orthopedic companies due to delayed surgeries, supply chain disruptions, and reduced hospital visits. Non-urgent orthopedic procedures were classified under Tier 2a by the Centers for Medicare and Medicaid Services, resulting in widespread postponements.
Market Drivers
1. Rising Prevalence of Knee Osteoarthritis: The growing incidence of knee osteoarthritis, particularly among the aging population, is a major driver. Globally, the prevalence is projected to reach 5%, and annual U.S. incidence peaks among adults aged 55-64.
2. Technological Advancements: Innovations in knee implants and robot-assisted surgeries enhance procedural accuracy and outcomes. AI-driven surgical planning allows personalized procedures, improving recovery and patient satisfaction. Notable advancements include Smith & Nephew's acquisition of Blue Belt Holdings for the Navio Surgical System in 2016, supporting robotic-assisted partial knee surgeries.
Market Restraints
High costs of orthopedic procedures and limited availability of skilled surgeons restrict market penetration, particularly in developing regions. Knee implants are expensive due to advanced materials and regulatory compliance, limiting access for patients with lower income levels.
Market Segmentation
By Procedure:
- Total Knee Arthroplasty (TKA): Largest segment in 2024 and projected to continue dominating due to increasing geriatric population and adoption of robotic-assisted surgeries.
- Partial Knee Arthroplasty: Expected to grow due to demand for personalized implants and minimally invasive procedures.
- Revision Arthroplasty: Fastest-growing segment, driven by rising revision procedures and technological innovations in implant design.
By Implant Type:
- Fixed Bearing Implants: Largest market share in 2024, preferred for durability and motion stability.
- Mobile Bearing Implants: Growing demand due to superior range of motion and procedural advantages.
- Others: Includes medial pivotal and customized implants, with gradual adoption in specialized cases.
By End User:
- Hospitals: Largest segment, benefiting from advanced surgical facilities and high orthopedic surgery volumes.
- Orthopedic Clinics and Ambulatory Surgery Centers: Experiencing growth due to expansion of specialized facilities and increasing elective surgeries.
Regional Insights
- North America: Market size of USD 4.76 billion in 2025, projected to reach USD 4.52 billion by 2026, driven by high osteoarthritis prevalence, favorable reimbursement, and adoption of robotic surgeries.
- Europe: Second-largest market, with the UK at USD 0.22 billion and Germany at USD 0.54 billion by 2026. Rising chronic diseases and innovative implant technologies support growth.
- Asia Pacific: Rapid growth expected due to increasing knee disorder prevalence, medical tourism, rising incomes, and improved healthcare infrastructure. Japan, China, and India projected at USD 0.71 billion, USD 0.61 billion, and USD 0.14 billion by 2026, respectively.
- Latin America & Middle East & Africa: Slower growth due to limited surgeons and slower income growth, though rising orthopedic injuries are gradually increasing market adoption.
Key Industry Players
Leading companies include Zimmer Biomet, Stryker, DePuy Synthes (Johnson & Johnson), Smith & Nephew, Aesculap (B. Braun), Medacta International, MicroPort Scientific Corporation, and Conformis. These players focus on R&D, innovative implants, and strategic partnerships to expand market presence. Notable developments include FDA clearance for Think Surgical's TSolution One system in 2019 and Zimmer Biomet's launch of the Persona Partial Knee System in 2017.
Conclusion
The global knee replacement market is expected to grow from USD 9.37 billion in 2025 to USD 14.65 billion by 2034, driven by the rising prevalence of osteoarthritis, technological advancements in surgical procedures, and increased adoption of robot-assisted surgeries. North America remains the dominant market, while Asia Pacific offers the fastest growth potential. Total knee arthroplasty and fixed bearing implants lead their respective segments, while hospitals remain the largest end-user base. Strategic innovations and partnerships by key players will continue to shape the competitive landscape and drive long-term market expansion.
Segmentation By Procedure
- Total Knee Arthroplasty
- Partial Knee Arthroplasty
- Revision Knee Arthroplasty
By Implant Type
- Fixed Bearing
- Mobile Bearing
- Others
By End-user
- Hospitals
- Orthopedic Clinics
- Ambulatory Surgical Centers
- Others
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Product Code: FBI101244
Table of Content
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Prevalence of Knee Osteoarthritis by key Country/Region-2025
- 4.2. Technological Advancements in Knee Implants
- 4.3. Overview of Number of Knee Replacement Surgeries by key Country/Region-2025
- 4.4. The Regulatory Scenario by Key Country/Region
- 4.5. key Industry Developments-Mergers, Acquisitions, Partnerships, & New Product Launch
- 4.6. Impact of COVID-19 on Knee Replacement Market
5. Global Knee Replacement Market Analysis, Insights and Forecast, 2021-2034
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast - By Procedure
- 5.2.1. Total Knee Arthroplasty
- 5.2.2. Partial Knee Arthroplasty
- 5.2.3. Revision Arthroplasty
- 5.3. Market Analysis, Insights and Forecast - By Implant Type
- 5.3.1. Fixed Bearing
- 5.3.2. Mobile Bearing
- 5.3.3. Others
- 5.4. Market Analysis, Insights and Forecast - By End User
- 5.4.1. Hospitals
- 5.4.2. Orthopedic Clinics
- 5.4.3. Ambulatory Surgery Centers
- 5.4.4. Others
- 5.5. Market Analysis, Insights and Forecast - By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Latin America
- 5.5.5. Middle East & Africa
6. North America Knee Replacement Market Analysis, Insights and Forecast, 2021-2034
- 6.1. Key Findings / Summary
- 6.2. Market Analysis - By Procedure
- 6.2.1. Total Knee Arthroplasty
- 6.2.2. Partial Knee Arthroplasty
- 6.2.3. Revision Arthroplasty
- 6.3. Market Analysis - By Implant Type
- 6.3.1. Fixed Bearing
- 6.3.2. Mobile Bearing
- 6.3.3. Others
- 6.4. Market Analysis - By End User
- 6.4.1. Hospitals
- 6.4.2. Orthopedic Clinics
- 6.4.3. Ambulatory Surgery Centers
- 6.4.4. Others
- 6.5. Market Analysis - By Country/Sub-region
- 6.5.1. U.S.
- 6.5.2. Canada
7. Europe Knee Replacement Market Analysis, Insights and Forecast, 2021-2034
- 7.1. Key Findings / Summary
- 7.2. Market Analysis - By Procedure
- 7.2.1. Total Knee Arthroplasty
- 7.2.2. Partial Knee Arthroplasty
- 7.2.3. Revision Arthroplasty
- 7.3. Market Analysis - By Implant Type
- 7.3.1. Fixed Bearing
- 7.3.2. Mobile Bearing
- 7.3.3. Others
- 7.4. Market Analysis - By End User
- 7.4.1. Hospitals
- 7.4.2. Orthopedic Clinics
- 7.4.3. Ambulatory Surgery Centers
- 7.4.4. Others
- 7.5. Market Analysis - By Country/Sub-region
- 7.5.1. U.K.
- 7.5.2. Germany
- 7.5.3. France
- 7.5.4. Spain
- 7.5.5. Italy
- 7.5.6. Scandinavia
- 7.5.7. Rest of Europe
8. Asia Pacific Knee Replacement Market Analysis, Insights and Forecast, 2021-2034
- 8.1. Key Findings / Summary
- 8.2. Market Analysis - By Procedure
- 8.2.1. Total Knee Arthroplasty
- 8.2.2. Partial Knee Arthroplasty
- 8.2.3. Revision Arthroplasty
- 8.3. Market Analysis - By Implant Type
- 8.3.1. Fixed Bearing
- 8.3.2. Mobile Bearing
- 8.3.3. Others
- 8.4. Market Analysis - By End User
- 8.4.1. Hospitals
- 8.4.2. Orthopedic Clinics
- 8.4.3. Ambulatory Surgery Centers
- 8.4.4. Others
- 8.5. Market Analysis - By Country/Sub-region
- 8.5.1. Japan
- 8.5.2. China
- 8.5.3. India
- 8.5.4. Australia
- 8.5.5. Southeast Asia
- 8.5.6. Rest of Asia Pacific
9. Latin America Knee Replacement Market Analysis, Insights and Forecast, 2021-2034
- 9.1. Key Findings / Summary
- 9.2. Market Analysis - By Procedure
- 9.2.1. Total Knee Arthroplasty
- 9.2.2. Partial Knee Arthroplasty
- 9.2.3. Revision Arthroplasty
- 9.3. Market Analysis - By Implant Type
- 9.3.1. Fixed Bearing
- 9.3.2. Mobile Bearing
- 9.3.3. Others
- 9.4. Market Analysis - By End User
- 9.4.1. Hospitals
- 9.4.2. Orthopedic Clinics
- 9.4.3. Ambulatory Surgery Centers
- 9.4.4. Others
- 9.5. Market Analysis - By Country/Sub-region
- 9.5.1. Brazil
- 9.5.2. Mexico
- 9.5.3. Rest of Latin America
10. Middle East & Africa Knee Replacement Market Analysis, Insights and Forecast, 2021-2034
- 10.1. Key Findings / Summary
- 10.2. Market Analysis - By Procedure
- 10.2.1. Total Knee Arthroplasty
- 10.2.2. Partial Knee Arthroplasty
- 10.2.3. Revision Arthroplasty
- 10.3. Market Analysis - By Implant Type
- 10.3.1. Fixed Bearing
- 10.3.2. Mobile Bearing
- 10.3.3. Others
- 10.4. Market Analysis - By End User
- 10.4.1. Hospitals
- 10.4.2. Orthopedic Clinics
- 10.4.3. Ambulatory Surgery Centers
- 10.4.4. Others
- 10.5. Market Analysis - By Country/Sub-region
- 10.5.1. GCC Countries
- 10.5.2. South Africa
- 10.5.3. Rest of Middle East & Africa
11. Competitive Analysis
- 11.1. Key Industry Developments
- 11.2. Global Market Share Analysis (2025)
- 11.3. Competition Dashboard
- 11.4. Comparative Analysis - Major Players
- 11.5. Company Profiles (Overview, Products & services, SWOT analysis, Recent developments, strategies, financials (based on availability))
- 11.5.1. Zimmer Biomet
- 11.5.1.1. Overview,
- 11.5.1.2. Products & services,
- 11.5.1.3. SWOT analysis,
- 11.5.1.4. Recent developments,
- 11.5.1.5. strategies,
- 11.5.1.6. financials (based on availability)
- 11.5.2. Stryker
- 11.5.2.1. Overview,
- 11.5.2.2. Products & services,
- 11.5.2.3. SWOT analysis,
- 11.5.2.4. Recent developments,
- 11.5.2.5. strategies,
- 11.5.2.6. financials (based on availability)
- 11.5.3. DePuy Synthes Companies (Johnson & Johnson Services, Inc.)
- 11.5.3.1. Overview,
- 11.5.3.2. Products & services,
- 11.5.3.3. SWOT analysis,
- 11.5.3.4. Recent developments,
- 11.5.3.5. strategies,
- 11.5.3.6. financials (based on availability)
- 11.5.4. Smith & Nephew
- 11.5.4.1. Overview,
- 11.5.4.2. Products & services,
- 11.5.4.3. SWOT analysis,
- 11.5.4.4. Recent developments,
- 11.5.4.5. strategies,
- 11.5.4.6. financials (based on availability)
- 11.5.5. Aesculap, Inc.- a B. Braun company
- 11.5.5.1. Overview,
- 11.5.5.2. Products & services,
- 11.5.5.3. SWOT analysis,
- 11.5.5.4. Recent developments,
- 11.5.5.5. strategies,
- 11.5.5.6. financials (based on availability)
- 11.5.6. Medacta International
- 11.5.6.1. Overview,
- 11.5.6.2. Products & services,
- 11.5.6.3. SWOT analysis,
- 11.5.6.4. Recent developments,
- 11.5.6.5. strategies,
- 11.5.6.6. financials (based on availability)
- 11.5.7. MicroPort Scientific Corporation
- 11.5.7.1. Overview,
- 11.5.7.2. Products & services,
- 11.5.7.3. SWOT analysis,
- 11.5.7.4. Recent developments,
- 11.5.7.5. strategies,
- 11.5.7.6. financials (based on availability)
- 11.5.8. Conformis
- 11.5.8.1. Overview,
- 11.5.8.2. Products & services,
- 11.5.8.3. SWOT analysis,
- 11.5.8.4. Recent developments,
- 11.5.8.5. strategies,
- 11.5.8.6. financials (based on availability)
- 11.5.9. Other Prominent Players
- 11.5.9.1. Overview,
- 11.5.9.2. Products & services,
- 11.5.9.3. SWOT analysis,
- 11.5.9.4. Recent developments,
- 11.5.9.5. strategies,
- 11.5.9.6. financials (based on availability)
- 11.5.1. Zimmer Biomet
12. Strategic Recommendations
Product Code: FBI101244
List of Tables
- Table 1: Global Knee Replacement Market Revenue (US$ Bn) Forecast, by Procedure, 2021-2034
- Table 2: Global Knee Replacement Market Revenue (US$ Bn) Forecast, by Implant Type, 2021-2034
- Table 3: Global Knee Replacement Market Revenue (US$ Bn) Forecast, by End-user, 2021-2034
- Table 4: Global Knee Replacement Market Revenue (US$ Bn) Forecast, by Region, 2021-2034
- Table 5: North America Knee Replacement Market Revenue (US$ Bn) Forecast, by Procedure, 2021-2034
- Table 6: North America Knee Replacement Market Revenue (US$ Bn) Forecast, by Implant Type, 2021-2034
- Table 7: North America Knee Replacement Market Revenue (US$ Bn) Forecast, by End-user, 2021-2034
- Table 8: North America Knee Replacement Market Revenue (US$ Bn) Forecast, By Country, 2021-2034
- Table 9: Europe Knee Replacement Market Revenue (US$ Bn) Forecast, by Procedure, 2021-2034
- Table 10: Europe Knee Replacement Market Revenue (US$ Bn) Forecast, by Implant Type, 2021-2034
- Table 11: Europe Knee Replacement Market Revenue (US$ Bn) Forecast, by End-user, 2021-2034
- Table 12: Europe Knee Replacement Market Revenue (US$ Bn) Forecast, By Country/Sub-region, 2021-2034
- Table 13: Asia Pacific Knee Replacement Market Revenue (US$ Bn) Forecast, by Procedure, 2021-2034
- Table 14: Asia Pacific Knee Replacement Market Revenue (US$ Bn) Forecast, by Implant Type, 2021-2034
- Table 15: Asia Pacific Knee Replacement Market Revenue (US$ Bn) Forecast, by End-user, 2021-2034
- Table 16: Asia Pacific Knee Replacement Market Revenue (US$ Bn) Forecast, By Country/Sub-region, 2021-2034
- Table 17: Latin America Knee Replacement Market Revenue (US$ Bn) Forecast, by Procedure, 2021-2034
- Table 18: Latin America Knee Replacement Market Revenue (US$ Bn) Forecast, by Implant Type, 2021-2034
- Table 19: Latin America Knee Replacement Market Revenue (US$ Bn) Forecast, by End-user, 2021-2034
- Table 20: Latin America Knee Replacement Market Revenue (US$ Bn) Forecast, By Country/Sub-region, 2021-2034
- Table 21: Middle East & Africa Knee Replacement Market Revenue (US$ Bn) Forecast, by Procedure, 2021-2034
- Table 22: Middle East & Africa Knee Replacement Market Revenue (US$ Bn) Forecast, by Implant Type, 2021-2034
- Table 23: Middle East & Africa Knee Replacement Market Revenue (US$ Bn) Forecast, by End-user, 2021-2034
- Table 24: Middle East & Africa Knee Replacement Market Revenue (US$ Bn) Forecast, By Country/Sub-region, 2021-2034
List of Figures
- Figure 1: Global Knee Replacement Market Revenue Breakdown (US$ Bn, %) by Region, 2025-2034
- Figure 2: Global Knee Replacement Market Value Share (%), by Procedure, 2025-2034
- Figure 3: Global Knee Replacement Market Forecast (US$ Bn), by Total Knee Arthroplasty, 2021-2034
- Figure 4: Global Knee Replacement Market Forecast (US$ Bn), by Partial Knee Arthroplasty, 2021-2034
- Figure 5: Global Knee Replacement Market Forecast (US$ Bn), by Revision Knee Arthroplasty, 2021-2034
- Figure 6: Global Knee Replacement Market Value Share (%), by Implant Type, 2025-2034
- Figure 7: Global Knee Replacement Market Forecast (US$ Bn), by Fixed Bearing, 2021-2034
- Figure 8: Global Knee Replacement Market Forecast (US$ Bn), by Mobile Bearing, 2021-2034
- Figure 9: Global Knee Replacement Market Forecast (US$ Bn), by Others, 2021-2034
- Figure 10: Global Knee Replacement Market Value Share (%), by End-user, 2025-2034
- Figure 11: Global Knee Replacement Market Forecast (US$ Bn), by Hospitals, 2021-2034
- Figure 12: Global Knee Replacement Market Forecast (US$ Bn), by Orthopedic Clinics, 2021-2034
- Figure 13: Global Knee Replacement Market Forecast (US$ Bn), by Ambulatory Surgery Center, 2021-2034
- Figure 14: Global Knee Replacement Market Forecast (US$ Bn), by Others, 2021-2034
- Figure 15: Global Knee Replacement Market Value (US$ Bn), by Knee Replacement, 2025-2034
- Figure 16: North America Knee Replacement Market Value (US$ Bn), by Procedure, 2025-2034
- Figure 17: North America Knee Replacement Market Value Share (%), by Procedure, 2025
- Figure 18: North America Knee Replacement Market Value (US$ Bn), by Implant Type, 2025-2034
- Figure 19: North America Knee Replacement Market Value Share (%), by Implant Type, 2025
- Figure 20: North America Knee Replacement Market Value (US$ Bn), by End-user, 2025-2034
- Figure 21: North America Knee Replacement Market Value Share (%), by End-user, 2025
- Figure 22: North America Knee Replacement Market Value (US$ Bn), By Country, 2025-2034
- Figure 23: North America Knee Replacement Market Value Share (%), By Country, 2025
- Figure 24: Europe Knee Replacement Market Value (US$ Bn), by Procedure, 2025-2034
- Figure 25: Europe Knee Replacement Market Value Share (%), by Procedure, 2025
- Figure 26: Europe Knee Replacement Market Value (US$ Bn), by Implant Type, 2025-2034
- Figure 27: Europe Knee Replacement Market Value Share (%), by Implant Type, 2025
- Figure 28: Europe Knee Replacement Market Value (US$ Bn), by End-user, 2025-2034
- Figure 29: Europe Knee Replacement Market Value Share (%), by End-user, 2025
- Figure 30: Europe Knee Replacement Market Value (US$ Bn), By Country/Sub-region, 2025-2034
- Figure 31: Europe Knee Replacement Market Value Share (%), By Country/Sub-region, 2025
- Figure 32: Asia Pacific Knee Replacement Market Value (US$ Bn), by Procedure, 2025-2034
- Figure 33: Asia Pacific Knee Replacement Market Value Share (%), by Procedure, 2025
- Figure 34: Asia Pacific Knee Replacement Market Value (US$ Bn), by Implant Type, 2025-2034
- Figure 35: Asia Pacific Knee Replacement Market Value Share (%), by Implant Type, 2025
- Figure 36: Asia Pacific Knee Replacement Market Value (US$ Bn), by End-user, 2025-2034
- Figure 37: Asia Pacific Knee Replacement Market Value Share (%), by End-user, 2025
- Figure 38: Asia Pacific Knee Replacement Market Value (US$ Bn), By Country/Sub-region, 2025-2034
- Figure 39: Asia Pacific Knee Replacement Market Value Share (%), By Country/Sub-region, 2025
- Figure 40: Latin America Knee Replacement Market Value (US$ Bn), by Procedure, 2025-2034
- Figure 41: Latin America Knee Replacement Market Value Share (%), by Procedure, 2025
- Figure 42: Latin America Knee Replacement Market Value (US$ Bn), by Implant Type, 2025-2034
- Figure 43: Latin America Knee Replacement Market Value Share (%), by Implant Type, 2025
- Figure 44: Latin America Knee Replacement Market Value (US$ Bn), by End-user, 2025-2034
- Figure 45: Latin America Knee Replacement Market Value Share (%), by End-user, 2025
- Figure 46: Latin America Knee Replacement Market Value (US$ Bn), By Country/Sub-region, 2025-2034
- Figure 47: Latin America Knee Replacement Market Value Share (%), By Country/Sub-region, 2025
- Figure 48: Middle East & Africa Knee Replacement Market Value (US$ Bn), by Procedure, 2025-2034
- Figure 49: Middle East & Africa Knee Replacement Market Value Share (%), by Procedure, 2025
- Figure 50: Middle East & Africa Knee Replacement Market Value (US$ Bn), by Implant Type, 2025-2034
- Figure 51: Middle East & Africa Knee Replacement Market Value Share (%), by Implant Type, 2025
- Figure 52: Middle East & Africa Knee Replacement Market Value (US$ Bn), by End-user, 2025-2034
- Figure 53: Middle East & Africa Knee Replacement Market Value Share (%), by End-user, 2025
- Figure 54: Middle East & Africa Knee Replacement Market Value (US$ Bn), By Country/Sub-region, 2025-2034
- Figure 55: Middle East & Africa Knee Replacement Market Value Share (%), By Country/Sub-region, 2025
- Figure 56: Global Knee Replacement Market Share (%), By Company, 2025
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