Knee Implants Market Growth Outlook Through 2024-2033

Overview and Scope
Knee implants refer to a type of knee replacement surgery that involves replacing specific damaged or worn-out knee joint elements. The procedure may improve the knee’s functionality and reduce pain. A knee implant is a type of prosthetic created by humans, which is used to mimic the movements and functioning of a healthy human knee.

Sizing and Forecast
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 growth in the historic period can be attributed to rising aging population, prevalence of osteoarthritis, advancements in implant materials, increasing acceptance of minimally invasive surgeries, 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 growth in the forecast period can be attributed to personalized and customized implants rise in sports-related injuries, increasing global health expenditure, advancements in robotics-assisted surgery, rising obesity rates, focus on outpatient and ambulatory surgery centers. Major trends in the forecast period include patient-specific implants, minimally invasive surgery (mis), smart implants and iot integration, biocompatible materials and surface technologies, outpatient knee replacement surgery.

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Segmentation & Regional Insights
The knee implants market covered in this report is segmented –

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

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

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Major Driver Impacting Market Growth
The increasing prevalence of orthopedic disorders is expected to boost the growth of the knee implants market going forward. Orthopedic disorder refers to illness or injury to the musculoskeletal system, which includes the bones, joints, muscles, tendons, and ligaments. People with orthopedic conditions can decrease pain and incapacity by replacing the damaged knee joint surfaces with knee implants; hence, the increasing prevalence of orthopedic disorders is expected to boost the knee implant market. For instance, according to a report published by the Centers for Disease Control and Prevention, a US-based national public health institute, in 2023, 25.9% of the projected total adult population, or 78.4 million individuals aged 18 and older, are anticipated to have arthritis by 2040. A further 34.6 million individuals (43.2% of arthritis-affected adults or 11.4% of all US adults) are predicted to experience activity limits related to arthritis by the year 2040. Therefore, the increasing prevalence of orthopedic disorders is driving the growth of the knee implants market.

Key Industry Players

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.

The knee implants market report table of contents includes:

1. Executive Summary
2. Knee Implants Market Characteristics
3. Knee Implants Market Trends And Strategies
4. Knee Implants Market – Macro Economic Scenario
5. Global Knee Implants Market Size and Growth
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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
35. Appendix

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