Knee Implants Global Market Report 2024

Description

“Knee Implants Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on knee implants market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for knee implants? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The knee implants market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Product: Total Knee Replacement; Partial Knee Replacement; Revision Knee Replacement
2) By Component Type: Fixed-Bearing Implants; Mobile-Bearing Implants
3) By Material: Stainless Steel; Cobalt-Chromium Alloys; Titanium Alloys; Polyethylene; Ceramics; Other Materials
4) By Fixation Type: Cemented; Cementless; Hybrid
5) By End User: Hospitals And Orthopedic Clinics; Ambulatory Surgical Centers; Other End Users
Companies Mentioned: Johnson & Johnson Services Inc.; Zimmer Biomet; Stryker Corporation; Smith+Nephew PLC; Aesculap Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Knee implants pertain to a category of knee replacement surgery aimed at replacing specific damaged or worn-out elements of the knee joint. This surgical intervention aims to enhance knee functionality and alleviate pain. Knee implants are prosthetics designed to replicate the movements and functionality of a healthy human knee.

The primary types of knee implant products include total knee replacement, partial knee replacement, and revision knee replacement. These procedures involve the use of various components, including fixed-bearing implants and mobile-bearing implants. Total knee replacement (TKR) is a standard orthopedic procedure wherein smooth metal and highly cross-linked polyethylene plastic are employed to replace the articular surfaces (femoral condyles and tibial plateau) of the knee joint. The materials utilized encompass stainless steel, cobalt-chromium alloys, titanium alloys, polyethylene, ceramics, and others. Multiple fixation types, such as cemented, cementless, and hybrid, are utilized, and the end users include hospitals and orthopedic clinics, ambulatory surgical centers, among others.

The knee implants market research report is one of a series of new reports from The Business Research Company that provides knee implants market statistics, including knee implants industry global market size, regional shares, competitors with a knee implants market share, detailed knee implants market segments, market trends and opportunities, and any further data you may need to thrive in the knee implants industry. This knee implants market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The knee implants market size has grown strongly in recent years. It will grow from $11.39 billion in 2023 to $11.96 billion in 2024 at a compound annual growth rate (CAGR) of 5.0%. The expansion observed in the historical period can be attributed to factors such as the rising aging population, the prevalence of osteoarthritis, advancements in implant materials, increasing acceptance of minimally invasive surgeries, and the implementation of patient awareness and education programs.

The knee implants market size is expected to see strong growth in the next few years. It will grow to $14.79 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. The anticipated growth in the forecast period can be attributed to the rise in personalized and customized implants, an increase in sports-related injuries, the growing global health expenditure, advancements in robotics-assisted surgery, the rising prevalence of obesity, and a focus on outpatient and ambulatory surgery centers. Key trends expected in the forecast period include the development of patient-specific implants, the promotion of minimally invasive surgery (MIS), the integration of smart implants and IoT technology, the use of biocompatible materials and surface technologies, and a focus on outpatient knee replacement surgery.

The anticipated rise in the prevalence of orthopedic disorders is poised to drive the growth of the knee implants market in the foreseeable future. Orthopedic disorders encompass illnesses or injuries affecting the musculoskeletal system, comprising bones, joints, muscles, tendons, and ligaments. Individuals with orthopedic conditions can alleviate pain and disability by replacing damaged knee joint surfaces with knee implants, making the increasing prevalence of orthopedic disorders a significant driver for the knee implant market. As reported by the Centers for Disease Control and Prevention, it is projected that 25.9% of the expected total adult population, equivalent to 78.4 million individuals aged 18 and older, will have arthritis by 2040. Furthermore, an additional 34.6 million individuals (43.2% of arthritis-affected adults or 11.4% of all US adults) are predicted to face activity limitations related to arthritis by the same year. Consequently, the surge in orthopedic disorders is fostering the growth of the knee implants market.

The increasing geriatric population is expected to be a driving force behind the growth of the knee implant market in the coming years. The term "geriatric population" refers to the demographic comprising elderly individuals. Aging significantly contributes to the demand for knee implants due to a higher prevalence of osteoarthritis and age-related degenerative changes in knee joints. The elderly population, typically those aged 65 and older, is a substantial portion of this demographic. In November 2022, it was reported by America's Health Rankings that over 55.8 million people aged 65 and above were expected to be living in the United States in 2021, constituting approximately 16.8% of the total population. Thus, the increasing geriatric population is propelling the growth of the knee implant market.

Technological advancements represent a notable trend gaining traction in the knee implants market. Major companies in the knee implants market are directing their efforts toward developing new technologies to maintain their market positions. For instance, in August 2021, Zimmer Biomet, a US-based medical technology company, in collaboration with Canary Medical Inc., a US-based medical data company, introduced the Persona IQ knee implant. It stands as the world's first and only smart knee implant for total knee replacement surgery, combining Zimmer Biomet's established knee implant, Persona The Personalized Knee, with Canary Medical's proprietary implantable canturioTMte tibial extension sensor technology. This technology measures and determines range of motion, step count, walking speed, and other gait metrics.

Major players in the knee implant market are also focusing on innovative products to better cater to the needs of their existing consumers. An example is the Mako Total Knee 2.0, a knee replacement structure that combines Stryker's advanced robotic technology with the clinically effective Triathlon Total Knee System. In March 2023, Stryker Corporation launched Mako Total Knee 2.0, featuring a new streamlined design, customizable workflow, and other important characteristics. Notably, it includes an innovative electronic tensioner enabling physicians to assess knee stability intraoperatively during a total knee arthroplasty (TKA) without additional instrumentation.

In January 2022, Smith+Nephew, a UK-based medical technology company, completed the acquisition of Engage Surgical for $135 million. This strategic move is expected to enhance Smith+Nephew's robotics and real-time intelligence capabilities, particularly for partial knee operations, providing precise alignment. The acquisition aims to expand Smith+Nephew's market share in the US and other markets. Engage Surgical, a US-based knee implant manufacturer, is known for designing the only available cementless partial knee system in the US.

Major companies operating in the knee implants market report are Johnson & Johnson Services Inc., Zimmer Biomet, Stryker Corporation, Smith+Nephew PLC, Aesculap Inc., Exatech Inc., MicroPort Scientific Corp., CONMED Corporation, Conformis Inc., Corin Group, Medacta International, B. Braun SE, ARTIQO GmbH, Arthrex Inc., Enovis Corp., Hospital for Special Surgery, Medtronic plc, LimaCorporate S.p.A., Physica system Trabecular Titanium, SurgTech Inc., Waldemar Link GmbH & Co KG, Engage Surgical LLC, CORI Medical Ltd., Wright Medical Group Inc., Biomet Inc., Kyocera Medical Technologies Inc., DJO Global, OrthoPedic Implant Xperts, CORENTEC Co. Ltd., Ballistic Armor Co.

North America was the largest region in the knee implant market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global knee implants market report during the forecast period. The regions covered in the knee implants market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the knee implants market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The knee implants market includes revenues earned by entities by knee replacement, double knee replacement, knee resurfacing, osteotomy knee surgery, and other related treatments or services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r11852

1. Executive Summary

2. Knee Implants Market Characteristics

3. Knee Implants Market Trends And Strategies

4. Knee Implants Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market
4.2. Ukraine-Russia War Impact On the Market
4.3. COVID-19 Impact On the Market

5. Global Knee Implants Market Size and Growth

5.1. Global Knee Implants Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Knee Implants Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Knee Implants Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Knee Implants Market Segmentation

6.1. Global Knee Implants Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Total Knee Replacement
Partial Knee Replacement
Revision Knee Replacement
6.2. Global Knee Implants Market, Segmentation By Component Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Fixed-Bearing Implants
Mobile-Bearing Implants
6.3. Global Knee Implants Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Stainless Steel
Cobalt-Chromium Alloys
Titanium Alloys
Polyethylene
Ceramics
Other Materials
6.4. Global Knee Implants Market, Segmentation By Fixation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Cemented
Cementless
Hybrid
6.5. Global Knee Implants Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Hospitals And Orthopedic Clinics
Ambulatory Surgical Centers
Other End Users

7. Knee Implants Market Regional And Country Analysis

7.1. Global Knee Implants Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Knee Implants Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Knee Implants Market

8.1. Asia-Pacific Knee Implants Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Knee Implants Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Knee Implants Market, Segmentation By Fixation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Knee Implants Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Knee Implants Market

9.1. China Knee Implants Market Overview
9.2. China Knee Implants Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Knee Implants Market, Segmentation By Fixation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Knee Implants Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Knee Implants Market

10.1. India Knee Implants Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Knee Implants Market, Segmentation By Fixation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Knee Implants Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Knee Implants Market

11.1. Japan Knee Implants Market Overview
11.2. Japan Knee Implants Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Knee Implants Market, Segmentation By Fixation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Knee Implants Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Knee Implants Market

12.1. Australia Knee Implants Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Knee Implants Market, Segmentation By Fixation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Knee Implants Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Knee Implants Market

13.1. Indonesia Knee Implants Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Knee Implants Market, Segmentation By Fixation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Knee Implants Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Knee Implants Market

14.1. South Korea Knee Implants Market Overview
14.2. South Korea Knee Implants Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Knee Implants Market, Segmentation By Fixation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Knee Implants Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Knee Implants Market

15.1. Western Europe Knee Implants Market Overview
15.2. Western Europe Knee Implants Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Knee Implants Market, Segmentation By Fixation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Knee Implants Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Knee Implants Market

16.1. UK Knee Implants Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Knee Implants Market, Segmentation By Fixation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Knee Implants Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Knee Implants Market

17.1. Germany Knee Implants Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Knee Implants Market, Segmentation By Fixation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Knee Implants Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Knee Implants Market

18.1. France Knee Implants Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Knee Implants Market, Segmentation By Fixation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Knee Implants Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Knee Implants Market

19.1. Italy Knee Implants Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Knee Implants Market, Segmentation By Fixation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Knee Implants Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Knee Implants Market

20.1. Spain Knee Implants Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Knee Implants Market, Segmentation By Fixation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Knee Implants Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Knee Implants Market

21.1. Eastern Europe Knee Implants Market Overview
21.2. Eastern Europe Knee Implants Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Knee Implants Market, Segmentation By Fixation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Knee Implants Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Knee Implants Market

22.1. Russia Knee Implants Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Knee Implants Market, Segmentation By Fixation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Knee Implants Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Knee Implants Market

23.1. North America Knee Implants Market Overview
23.2. North America Knee Implants Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Knee Implants Market, Segmentation By Fixation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Knee Implants Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Knee Implants Market

24.1. USA Knee Implants Market Overview
24.2. USA Knee Implants Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Knee Implants Market, Segmentation By Fixation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Knee Implants Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Knee Implants Market

25.1. Canada Knee Implants Market Overview
25.2. Canada Knee Implants Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Knee Implants Market, Segmentation By Fixation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Knee Implants Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Knee Implants Market

26.1. South America Knee Implants Market Overview
26.2. South America Knee Implants Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Knee Implants Market, Segmentation By Fixation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Knee Implants Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Knee Implants Market

27.1. Brazil Knee Implants Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Knee Implants Market, Segmentation By Fixation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Knee Implants Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Knee Implants Market

28.1. Middle East Knee Implants Market Overview
28.2. Middle East Knee Implants Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Knee Implants Market, Segmentation By Fixation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Knee Implants Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Knee Implants Market

29.1. Africa Knee Implants Market Overview
29.2. Africa Knee Implants Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Knee Implants Market, Segmentation By Fixation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Knee Implants Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Knee Implants Market Competitive Landscape And Company Profiles

30.1. Knee Implants Market Competitive Landscape
30.2. Knee Implants Market Company Profiles
- 30.2.1. Johnson & Johnson Services Inc.
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Zimmer Biomet
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Stryker Corporation
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Smith+Nephew PLC
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Aesculap Inc.
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Knee Implants Market Competitive Benchmarking

32. Global Knee Implants Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Knee Implants Market

34. Knee Implants Market Future Outlook and Potential Analysis

34.1 Knee Implants Market In 2028 - Countries Offering Most New Opportunities
34.2 Knee Implants Market In 2028 - Segments Offering Most New Opportunities
34.3 Knee Implants Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer