The global ”knee replacement“ market is expected to reach USD 12.48 billion by 2027, exhibiting a CAGR of 4.3% during the forecast period. The growing cases of arthritis among the general population can be a crucial factor augmenting the growth of the market, states Fortune Business Insights, in a report, titled “Knee Replacement Market Size, Share & COVID-19 Impact Analysis, By Procedure (Total Knee Arthroplasty, Partial Knee Arthroplasty, and Revision Arthroplasty) By Implant Type (Fixed Bearing, Mobile Bearing, and Others) End-user (Hospitals, Orthopedic Clinics, Ambulatory Surgical Centers, and Others) and Regional Forecast, 2020-2027” the market size stood at USD 9.45 billion in 2019.
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Major Knee Replacement Market Key players covered in the report include:
- Zimmer Biomet (Indiana, U.S.)
- Stryker (Michigan, U.S.)
- DePuy Synthes Companies (Johnson & Johnson Services, Inc.) (Indiana, U.S.)
- Smith & Nephew (London, U.K.)
- Aesculap, Inc.– a B. Braun company (Center Vally, USA)
- Medacta International (Castel San Pietro, Switzerland)
- MicroPort Scientific Corporation (Shanghai, China)
- Conformis (Massachusetts, U.S.)
- Other Prominent Players
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Global Knee Replacement Market report covers extensive primary research. This is accompanied with detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report gives a clear picture of the current market scenario, which includes the historical and forecasted market size, in terms of value and volume, technological advancement, macroeconomic, and governing factors of the market. The report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.
Knee Replacement Market Analysis 2021:
Rising Diagnosis Rate of Knee Arthritis to Bolster Growth
The surge in the geriatric population will create lucrative opportunities for the market in the forthcoming years. According to the Arthritis Foundation, the annual incidence of knee osteoarthritis in the United States is highest between the age group 55 and 64 years old. The rapid surge in diagnosis of knee arthritis among the adult population is expected to enable speedy expansion of the market in the forthcoming years. The rising prevalence of knee osteoarthritis is a key factor in promoting the growth of the market. According to the Osteoarthritis Research Society International (OARSI), the prevalence of global knee osteoarthritis is likely to reach 5% with the rise in the aging population. The growing number of knee replacement surgeries around the world is likely to have a positive effect on the market. According to the Agency for Healthcare Research and Quality (AHRQ), more than 600,000 knee replacement surgeries are performed in the United States every year. Additionally, the surge in healthcare expenditure is predicted to spur lucrative opportunities for the market in the foreseeable future.
The report on the knee replacement market highlights:
- Reliable insights on the latest developments
- Obtained data with grander analysis
- Key market drivers and trends
- Comprehensive analysis of market players
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Favorable Reimbursement Policies to Favor Growth in North America
The market size in North America generated a revenue of USD 5.05 billion in 2019 and is expected to witness a high growth rate during the forecast period. The growth in the region is attributed to the rising geriatric population. The rising inclination towards computer-aided implant designs will foster healthy growth in North America. The robotic-assisted surgeries and favorable reimbursement policies in the U.S will aid the expansion of the market during the forecast period. Europe is expected to rise tremendously due to the rising number of chronic diseases such as diabetes.
The growing prevalence of the bone disease will further speedy expansion of the market. The Innovations in material and design of the implants is expected to boost the growth of the market. The presence of leading players and their strong distribution network will contribute positively to the growth of the market. The surging demand for knee replacement procedures will further support the development of the market in the region. The market in Asia Pacific is predicted to witness a high growth rate owing to the increasing prevalence of knee disorder. The booming medical tourism increased disposable incomes, and improved healthcare infrastructure will influence the healthy growth of the market in Asia Pacific.
Key Development:
September 2017: Zimmer Biomet introduced Persona Partial Knee System, the latest addition to its portfolio of personalized and anatomically designed knee implant systems.
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Table of Content:
1 Knee Replacement Market Overview
1.1 Knee Replacement Product Overview
1.2 Knee Replacement Market Segment by Type
1.3 Global Knee Replacement Market Size by Type (2015-2027)
1.3.1 Global Knee Replacement Market Size Overview by Type (2015-2027)
1.3.2 Global Knee Replacement Historic Market Size Review by Type (2015-2021)
1.3.2.1 Global Knee Replacement Sales Market Share Breakdown by Type (2015-2027)
1.3.2.2 Global Knee Replacement Market Share Breakdown by Type (2015-2027)
1.3.2.3 Global Knee Replacement Average Selling Price (ASP) by Type (2015-2027)
1.3.3 Global Knee Replacement Market Size Forecast by Type (2021-2027)
1.3.3.1 Global Knee Replacement Sales Market Share Breakdown by Application (2021-2027)
1.3.3.2 Global Knee Replacement Revenue Market Share Breakdown by Application (2021-2027)
1.3.3.3 Global Knee Replacement Average Selling Price (ASP) by Application (2021-2027)
1.4 Key Regions Market Size Segment by Type (2015-2021)
1.4.1 North America Knee Replacement Sales Breakdown by Type (2015-2027)
1.4.2 Europe Knee Replacement Sales Breakdown by Type (2015-2027)
1.4.3 Asia-Pacific Knee Replacement Sales Breakdown by Type (2015-2027)
1.4.4 Latin America Knee Replacement Sales Breakdown by Type (2015-2027)
1.4.5 Middle East and Africa Knee Replacement Sales Breakdown by Type (2015-2027)
2 Global Knee Replacement Market Competition by Company
2.1 Global Top Players by Knee Replacement Sales (2015-2021)
2.2 Global Top Players by Knee Replacement Revenue (2015-2021)
2.3 Global Top Players Knee Replacement Average Selling Price (ASP) (2015-2021)
2.4 Global Top Company Knee Replacement Manufacturing Base Distribution, Sales Area, Product Type
2.5 Knee Replacement Market Competitive Situation and Trends
2.5.1 Knee Replacement Market Growth Rate (2015-2021)
2.5.2 Global 5 and 10 Largest Company by Knee Replacement Sales and Revenue in 2019
2.6 Global Top Company by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Knee Replacement as of 2019)
2.7 Date of Key Company Enter into Knee Replacement Market
2.8 Key Company Knee Replacement Product Offered
2.9 Mergers and Acquisitions, Expansion
3 Global Knee Replacement Status and Outlook by Region (2015-2027)
3.1 Global Knee Replacement Market Size and CAGR by Region: 2015 VS 2021 VS 2027
3.2 Global Knee Replacement Market Size Market Share by Region (2015-2021)
3.2.1 Global Knee Replacement Sales Market Share by Region (2015-2021)
3.2.2 Global Knee Replacement Revenue Market Share by Region (2015-2021)
3.2.3 Global Knee Replacement Sales, Revenue, Price and Gross Margin (2015-2021)
3.3 Global Knee Replacement Market Size Market Share by Region (2021-2027)
3.3.1 Global Knee Replacement Sales Market Share by Region (2021-2027)
3.3.2 Global Knee Replacement Revenue Market Share by Region (2021-2027)
3.3.3 Global Knee Replacement Sales, Revenue, Price and Gross Margin (2021-2027)
3.4 North America Knee Replacement Market Size By Growth (2015-2027)
3.4.1 North America Knee Replacement Revenue By Growth (2015-2027)
3.4.2 North America Knee Replacement Sales By Growth (2015-2027)
3.5 Asia-Pacific Knee Replacement Market Size By Growth (2015-2027)
3.5.1 Asia-Pacific Knee Replacement Revenue By Growth (2015-2027)
3.5.2 Asia-Pacific Knee Replacement Sales By Growth (2015-2027)
3.6 Europe Knee Replacement Market Size By Growth (2015-2027)
3.6.1 Europe Knee Replacement Revenue By Growth (2015-2027)
3.6.2 Europe Knee Replacement Sales By Growth (2015-2027)
3.7 Latin America Knee Replacement Market Size By Growth (2015-2027)
3.7.1 Latin America Knee Replacement Revenue By Growth (2015-2027)
3.7.2 Latin America Knee Replacement Sales By Growth (2015-2027)
3.8 Middle East and Africa Knee Replacement Market Size By Growth (2015-2027)
3.8.1 Middle East and Africa Knee Replacement Revenue By Growth (2015-2027)
3.8.2 Middle East and Africa Knee Replacement Sales By Growth (2015-2027)
4 Global Knee Replacement by Application
4.1 Knee Replacement Segment by Application
4.1.1 Residential
4.1.2 Commercial
4.2 Global Knee Replacement Sales by Application: 2015 VS 2021 VS 2027
4.3 Global Knee Replacement Historic Sales by Application (2015-2021)
4.4 Global Knee Replacement Forecasted Sales by Application (2021-2027)
4.5 Key Regions Knee Replacement Market Size by Application
4.5.1 North America Knee Replacement by Application
4.5.2 Europe Knee Replacement by Application
4.5.3 Asia-Pacific Knee Replacement by Application
4.5.4 Latin America Knee Replacement by Application
4.5.5 Middle East and Africa Knee Replacement by Application
5 North America Knee Replacement Market Size by Country (2015-2027)
5.1 North America Market Size Market Share by Country (2015-2021)
5.1.1 North America Knee Replacement Sales Market Share by Country (2015-2021)
5.1.2 North America Knee Replacement Revenue Market Share by Country (2015-2021)
5.2 North America Market Size Market Share by Country (2021-2027)
5.2.1 North America Knee Replacement Sales Market Share by Country (2021-2027)
5.2.2 North America Knee Replacement Revenue Market Share by Country (2021-2027)
5.3 North America Market Size By Growth by Country
5.3.1 U.S. Knee Replacement Market Size By Growth (2015-2027)
5.3.2 Canada Knee Replacement Market Size By Growth (2015-2027)
6 Europe Knee Replacement Market Size by Country (2015-2027)
6.1 Europe Market Size Market Share by Country (2015-2021)
6.1.1 Europe Knee Replacement Sales Market Share by Country (2015-2021)
6.1.2 Europe Knee Replacement Revenue Market Share by Country (2015-2021)
6.2 Europe Market Size Market Share by Country (2021-2027)
6.2.1 Europe Knee Replacement Sales Market Share by Country (2021-2027)
6.2.2 Europe Knee Replacement Revenue Market Share by Country (2021-2027)
6.3 Europe Market Size By Growth by Country
6.3.1 Germany Knee Replacement Market Size By Growth (2015-2027)
6.3.2 France Knee Replacement Market Size By Growth (2015-2027)
6.3.3 U.K. Knee Replacement Market Size By Growth (2015-2027)
6.3.4 Italy Knee Replacement Market Size By Growth (2015-2027)
6.3.5 Russia Knee Replacement Market Size By Growth (2015-2027)
7 Asia-Pacific Knee Replacement Market Size by Country (2015-2027)
7.1 Asia-Pacific Market Size Market Share by Country (2015-2021)
7.1.1 Asia-Pacific Knee Replacement Sales Market Share by Country (2015-2021)
7.1.2 Asia-Pacific Knee Replacement Revenue Market Share by Country (2015-2021)
7.2 Asia-Pacific Market Size Market Share by Country (2021-2027)
7.2.1 Asia-Pacific Knee Replacement Sales Market Share by Country (2021-2027)
7.2.2 Asia-Pacific Knee Replacement Revenue Market Share by Country (2021-2027)
7.3 Asia-Pacific Market Size By Growth by Country
7.3.1 China Knee Replacement Market Size By Growth (2015-2027)
7.3.2 Japan Knee Replacement Market Size By Growth (2015-2027)
7.3.3 South Korea Knee Replacement Market Size By Growth (2015-2027)
7.3.4 India Knee Replacement Market Size By Growth (2015-2027)
7.3.5 Australia Knee Replacement Market Size By Growth (2015-2027)
7.3.6 Taiwan Knee Replacement Market Size By Growth (2015-2027)
7.3.7 Indonesia Knee Replacement Market Size By Growth (2015-2027)
7.3.8 Thailand Knee Replacement Market Size By Growth (2015-2027)
7.3.9 Malaysia Knee Replacement Market Size By Growth (2015-2027)
7.3.10 Philippines Knee Replacement Market Size By Growth (2015-2027)
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