Total Knee Replacement Market, By Product Type, By Material, By Device Type, By Surgery Type, By End User, By Country, and By Region - Industry Analysis, Market Size, Market Share & Forecast from 2024-2032
Total Knee Replacement Market size was valued at USD 9,437.90 Million in 2023, expanding at a CAGR of 4.50% from 2024 to 2032.
Total Knee Replacement (TKR), referred to as total knee arthroplasty, is a surgical intervention aimed at substituting the damaged or deteriorated surfaces of the knee joint with artificial implants. This procedure is generally advised for patients experiencing significant knee pain and impaired function, commonly resulting from ailments such as osteoarthritis, rheumatoid arthritis, or injuries sustained through trauma.
Total Knee Replacement Market- Market Dynamics
The increasing prevalence of arthritis and osteoporosis is anticipated to propel market demand.
As the global demographic shifts towards an older population, the incidence of arthritis and osteoporosis is on the rise. Osteoarthritis, in particular, is becoming more prevalent due to factors such as lifestyle choices, obesity, and longer life spans. This condition is directly linked to an increased demand for total knee replacement (TKR) procedures. The Osteoarthritis Action Alliance highlights that arthritis represents a significant health crisis. The Centers for Disease Control and Prevention (CDC) estimates that approximately 1 in 5, or 53.2 million, adults in the United States are affected by some form of arthritis. While there are over 100 recognized types of arthritis, osteoarthritis (OA) stands out as the most common, impacting 32.5 million adults in the U.S. Additionally, the rise in healthcare expenditures in developing nations presents opportunities for market growth; however, the high costs associated with surgical procedures may pose challenges to this expansion.
Total Knee Replacement Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 4.50% over the forecast period (2024-2032)
Based on product type segmentation, Primary knee replacement systems were predicted to show maximum market share in the year 2023
Based on Material segmentation, Ceramic-on-plastic was the leading segment in 2023
Based on Device Type segmentation, Three-compartmental Knee Implants were the leading segment in 2023
Based on Surgery Type segmentation, Traditional Surgery was the leading type in 2023
Based on end-user segmentation, Hospitals were the leading type in 2023
Based on region, North America was the leading revenue generator in 2023
Total Knee Replacement Market- Segmentation Analysis:
The Global Total Knee Replacement Market is segmented based on Product Type, Material, Device Type, Surgery Type, End User, and Region.
The market is segmented into three distinct categories according to product type: Primary knee replacement systems, Partial knee replacement systems, and Revision knee replacement systems. Primary knee replacement systems are the leading contributors to market growth. The Total Knee Replacement market is poised for significant expansion, primarily fueled by innovations in primary knee replacement systems, heightened patient awareness, and enhanced access to healthcare services.
The market is classified into two primary categories based on material: Metal-on-plastic, Ceramic-on-plastic, Metal-on-metal, and Ceramic-on-ceramic. The Ceramic-on-plastic segment holds a dominant position within the market. The Total Knee Replacement market is greatly impacted by the ceramic-on-plastic category, which provides various benefits, including enhanced wear resistance, biocompatibility, and durability.
The market is classified into two segments according to Device Type: Three-compartmental Knee Implants, Bicompartmental Knee Implants, and Unicompartmental Knee Implants. Three-compartmental Knee Implants lead the market. This particular implant type provides numerous advantages that enhance its increasing adoption in knee replacement surgeries.
The market is classified into two segments according to the type of surgery: Traditional Surgery and Assisted Surgery. Traditional Surgery holds a dominant position in the market. Total knee arthroplasty, commonly known as traditional knee replacement surgery, has been a standard procedure for many years. Surgeons possess extensive training in these methods, which fosters a high degree of confidence and expertise, ultimately resulting in favorable patient outcomes.
The market is classified into two segments according to End-User: Hospitals, Ambulatory Surgical Centers, and Other End-Users. The Hospitals segment holds a dominant position within the market. Hospitals offer a variety of medical services, such as physical therapy, nutrition, and pain management, which are essential for the rehabilitation of patients undergoing knee replacement procedures.
Total Knee Replacement Market- Geographical Insights
This market is geographically extensive, encompassing North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These areas are further categorized based on the countries involved in business activities. North America leads the market, primarily due to rising infection rates that have increased in knee revision surgeries. The prevalence of post-surgical infections has significantly contributed to the demand for knee revisions, which often require sophisticated surgical procedures and can stimulate the need for innovative implants and surgical methods. Surgical site infections play a crucial role in postoperative morbidity and mortality, with recent statistics indicating that they account for more than 2 million hospital-acquired infections in the United States. Europe ranks as the second largest region for market expansion, driven by the growing adoption of unicondylar knee procedures.
Total Knee Replacement Market- Competitive Landscape:
The Total Knee Replacement (TKR) market is marked by vigorous competition among numerous prominent entities, all aiming to innovate and secure a larger share of the market. Organizations are dedicating resources to research and development to produce cutting-edge implant designs, including customized and 3D-printed options, which enhance patient outcomes and shorten recovery periods. As the market progresses, firms that effectively respond to evolving patient requirements, technological innovations, and healthcare trends will be strategically positioned to excel in this dynamic sector.
Recent Developments:
B. Braun is informing customers who acquired specific Aesculap knee systems to temporarily halt their implantation as the company investigates a potential malfunction.
1. On August 12, 2024, Exactech, a prominent leader in global medical technology, declared the launch of innovative balancing technology designed for patients requiring total knee replacement surgery. Utilizing the capabilities of ExactechGPS computer-assisted technology, the Newton knee procedure offers surgeons visual assistance to achieve tailored and balanced outcomes.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL TOTAL KNEE REPLACEMENT MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
Amplitude Ortho (Amplitude Surgical)
B Braun
Corin Group
Depuy Synthes (Johnson & Johnson)
Enovis
Exactech
ODEV
Medacta International
Allegra Orthopaedics
MicroPort Scientific Corporation
restor3d
Smith & Nephew
Stryker Corporation
Waldemar LINK
Zimmer Biomet
Others
GLOBAL TOTAL KNEE REPLACEMENT MARKET, BY PRODUCT TYPE- MARKET ANALYSIS, 2019 - 2032
Primary knee replacement systems
Partial knee replacement systems
Revision knee replacement systems
GLOBAL TOTAL KNEE REPLACEMENT MARKET, BY MATERIAL- MARKET ANALYSIS, 2019 - 2032
Metal-on-plastic
Ceramic-on-plastic
Metal-on-metal
Ceramic-on-ceramic
GLOBAL TOTAL KNEE REPLACEMENT MARKET, BY DEVICE TYPE- MARKET ANALYSIS, 2019 - 2032
Three-compartmental Knee Implants
Bicompartmental Knee Implants
Unicompartmental Knee Implants
GLOBAL TOTAL KNEE REPLACEMENT MARKET, BY SURGERY TYPE- MARKET ANALYSIS, 2019 - 2032
Traditional surgery type
Surgery-assisted surgery type
GLOBAL TOTAL KNEE REPLACEMENT MARKET, BY END USER- MARKET ANALYSIS, 2019 - 2032
Hospitals
Ambulatory surgical centers
Other end-users
GLOBAL TOTAL KNEE REPLACEMENT MARKET, BY REGION- MARKET ANALYSIS, 2019 - 2032
North America
The U.S.
Canada
Europe
Germany
France
Italy
Spain
United Kingdom
Russia
Netherlands
Sweden
Poland
Rest of Europe
Asia Pacific
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Colombia
Rest of LATAM
The Middle East and Africa
Saudi Arabia
United Arab Emirates
Israel
Turkey
Algeria
Egypt
Rest of MEA
Table of Contents
1. Total Knee Replacement Market Overview
1.1. Study Scope
1.2. Market Estimation Years
2. Executive Summary
2.1. Market Snippet
2.1.1. Total Knee Replacement Market Snippet by Product Type
2.1.2. Total Knee Replacement Market Snippet by Material
2.1.3. Total Knee Replacement Market Snippet by Device Type
2.1.4. Total Knee Replacement Market Snippet by Surgery Type
2.1.5. Total Knee Replacement Market Snippet by End User
2.1.6. Total Knee Replacement Market Snippet by Country
2.1.7. Total Knee Replacement Market Snippet by Region
2.2. Competitive Insights
3. Total Knee Replacement Key Market Trends
3.1. Total Knee Replacement Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Total Knee Replacement Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Total Knee Replacement Market Opportunities
3.4. Total Knee Replacement Market Future Trends
4. Total Knee Replacement Industry Study
4.1. PEST Analysis
4.2. Porter's Five Forces Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
5. Total Knee Replacement Market: COVID-19 Impact Analysis
5.1. Pre-COVID-19 Impact Analysis
5.2. Post-COVID-19 Impact Analysis
5.2.1. Top Performing Segments
5.2.2. Marginal Growth Segments
5.2.3. Top Looser Segments
5.2.4. Marginal Loss Segments
6. Total Knee Replacement Market Landscape
6.1. Total Knee Replacement Market Share Analysis, 2023
6.2. Breakdown Data, by Key Manufacturer
6.2.1. Established Players' Analysis
6.2.2. Emerging Players' Analysis
7. Total Knee Replacement Market - By Product Type