The global knee implants market size is expected to reach USD 9.80 billion by 2030, registering to grow at a CAGR of 3.3% from 2024 to 2030 . This growth is attributed to the growing elderly population and the surging prevalence of chronic rheumatic conditions, such as osteoarthritis, rheumatoid arthritis, and post-traumatic arthritis. Primary factors that lead to the occurrence of arthritis are aging, physical injuries, genetic inheritance factors, abnormal metabolism, infections, and immune system abnormalities.
The introduction of advanced technologies and products is anticipated to keep the industry rivalry and market growth at par over the forecast period. For example, X3 Advanced Bearing Technology and Mako Robotic-Arm Assisted Technology have the capabilities of providing a patient-specific 3D model to plan partial knee replacement surgeries. In addition, in March 2016, Zimmer Biomet launched the Persona Medial Congruent Bearing, which is designed to enable more natural motion of the knee by maximizing joint stability.
Increasing investment in the healthcare sector, the growing geriatric population, and the rising demand for minimally invasive surgeries are the major factors driving the adoption of joint replacement procedures. Untapped opportunities in developing economies, such as China and India, are further anticipated to impel market growth. To combat COVID-19, the governments took the initiative of allowing only the necessary surgical procedures and the majority of knee arthroplasty surgery did not meet the definition of essential surgery. Such restrictions then hampered the demand for knee implant devices.
For instance, according to a study published by the NCBI, in July 2020, the total daily Medicare revenue from arthroplasty hospitals decreased by 87% and surgeon revenue by 85%. Thus, the initial phase of the COVID-19 outbreak negatively impacted the market. The medical product supply chain also faced difficulty due to the lockdown, as many countries banned the import and export of medical products. New key developments such as partnerships, product approvals, acquisitions, and product launches are expected to positively impact the market in the coming years. For instance, in November 2021, OrthAlign, Inc., a firm based in the U.S., launched Lantern, which is a surgical technology, used to perform total and partial knee replacements.
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The introduction of advanced technologies and products is anticipated to keep the industry rivalry and market growth at par over the forecast period. For example, X3 Advanced Bearing Technology and Mako Robotic-Arm Assisted Technology have the capabilities of providing a patient-specific 3D model to plan partial knee replacement surgeries. In addition, in March 2016, Zimmer Biomet launched the Persona Medial Congruent Bearing, which is designed to enable more natural motion of the knee by maximizing joint stability.
Increasing investment in the healthcare sector, the growing geriatric population, and the rising demand for minimally invasive surgeries are the major factors driving the adoption of joint replacement procedures. Untapped opportunities in developing economies, such as China and India, are further anticipated to impel market growth. To combat COVID-19, the governments took the initiative of allowing only the necessary surgical procedures and the majority of knee arthroplasty surgery did not meet the definition of essential surgery. Such restrictions then hampered the demand for knee implant devices.
For instance, according to a study published by the NCBI, in July 2020, the total daily Medicare revenue from arthroplasty hospitals decreased by 87% and surgeon revenue by 85%. Thus, the initial phase of the COVID-19 outbreak negatively impacted the market. The medical product supply chain also faced difficulty due to the lockdown, as many countries banned the import and export of medical products. New key developments such as partnerships, product approvals, acquisitions, and product launches are expected to positively impact the market in the coming years. For instance, in November 2021, OrthAlign, Inc., a firm based in the U.S., launched Lantern, which is a surgical technology, used to perform total and partial knee replacements.
Knee Implants Market Report Highlights
- Based on procedure, the total knee replacement segment dominated the market in 2024 and accounted for the largest revenue share of 76.6%, owing to the growing need for implants and personalized replacement systems offered by market players.
- Based on component, the fixed-bearing implants segment dominated the market in 2024 and accounted for the largest revenue share. Factors such as the increasing prevalence of orthopedic conditions and advancements in implant materials & designs fuel the market's growth.
- Based on end use, the outpatient facilities segment dominated the market in 2024 and accounted for the largest revenue share, and is anticipated to register the fastest growth rate with a CAGR of 3.5% over the forecast period.
Why should you buy this report?
- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments
- Competitive Landscape: Explore the market presence of key players worldwide
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
The leading players in the Knee Implants market include:
- DePuy Synthes
- Zimmer Biomet
- Stryker
- Smith+Nephew
- Aesculap, Inc. - a B. Braun company
- CONMED Corporation
- Conformis
- Kinamed Incorporated
- MicroPort Scientific Corporation
- Medacta International
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Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Knee Implants Market Variables, Trends & Scope
Chapter 4. Knee Implants Market Segment Analysis, By Procedure, 2018-2030 (USD Million)
Chapter 5. Knee Implants Market Segment Analysis, By Component, 2018-2030 (USD Million)
Chapter 6. Knee Implants Market Segment Analysis, By End Use, 2018-2030 (USD Million)
Chapter 7. Knee Implants Market Segment Analysis, By Region, 2018- 2030 (USD Million)
Chapter 8. Competitive Landscape
List of Tables
List of Figures
Companies Mentioned
- DePuy Synthes
- Zimmer Biomet
- Stryker
- Smith+Nephew
- Aesculap, Inc. - a B. Braun company
- CONMED Corporation
- Conformis
- Kinamed Incorporated
- MicroPort Scientific Corporation
- Medacta International
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 149 |
Published | October 2024 |
Forecast Period | 2024 - 2030 |
Estimated Market Value ( USD | $ 8.07 Billion |
Forecasted Market Value ( USD | $ 9.8 Billion |
Compound Annual Growth Rate | 3.3% |
Regions Covered | Global |
No. of Companies Mentioned | 10 |