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At 4.0% CAGR, Global Total Knee Arthroplasty Market to Reach $ 11,484.8 Mn By The End Of 2028 | Depuy Synthes, Zimmer Biomet, MicroPort

December 15th, 2021 Coherent Market Insights Releases

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Market Overview:

Total knee arthroplasty, also known as total knee replacement or knee replacement, is a surgical procedure to resurface a knee damaged by arthritis. Osteoarthritis is the most common form of arthritis in the knee. Metal and plastic parts are used to cap the ends of the bones that form the knee joint, along with the kneecap. Surgeon takes damaged cartilage and bone out of the knee joint and replaces them with a manmade joint. In some cases, it can be done robotically. A knee replacement is major surgery, so is normally only recommended if other treatments, such as physiotherapy or steroid injections, have not reduced pain or improved mobility. Total knee replacement surgery can relieve pain and restore function when knee is severely damaged by arthritis or injury. The average recovery time is about 6 months, but it can take about a year (12 months) to fully return to physically demanding activities.

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Competitive Landscape:

Major players operating in the global total knee arthroplasty market are Corin Group, SurgTech Inc., Baumer SA, Stryker Corporation, Smith & Nephew plc, Medacta International, Exactech Inc., Conformis Inc., DJO LLC. (Colfax Corporation), Zimmer Biomet Holdings, Inc., Depuy Synthes (Johnson & Johnson), MicroPort Scientific Corporation, and Meril Life Sciences Pvt. Ltd., among others.

Key Market Drivers:

Increasing prevalence of knee osteoarthritis is expected to aid in the growth of the total knee arthroplasty market over the forecast period. For instance, according to the Centers for Disease Control and Prevention (CDC), osteoarthritis is the most common type of arthritis, affects more than 32.5 million individuals in the United States. Moreover, according to the Osteoarthritis Research Society International (OARSI), the prevalence of global knee osteoarthritis is likely to reach 5% and is expected to increase with the increase in the aging population.

Moreover, rise in adoption of AI (Artificial Intelligence) and robotics in surgical procedures and technological advances to enhance the procedure efficacy are some major factors expected to boost the growth of the total knee arthroplasty market. For instance, in July 2021, Johnson and Johnson’s orthopaedics company, DePuy Synthes, launched its VELYS Robotic-Assisted Solution for knee replacement surgery in Australia. The advanced design of the solution aids surgeons in precisely resecting bones that place the implant relative to the soft tissue in total knee replacement without requiring pre-operative imaging.

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COVID-19 Impact Analysis:

The pandemic is an unprecedented public health concern and has severely impacted the total knee arthroplasty market. The pandemic has had tremendous clinical-economic consequences for joint arthroplasty. In March 2020, elective total hip and knee arthroplasty were suspended across the U.S. in response to the pandemic. The ban on elective surgical procedures has led to a drastic decline in the knee replacement procedures. For instance, according to the Journal of Arthroplasty, about 30,000 primary & 3,000 revision knee replacement surgeries were canceled every week in early 2020. This in turn is expected to hinder growth of the market.

Key Takeaways:

The total knee arthroplasty market is expected to exhibit a CAGR of 4.0% during the forecast period due to the growing geriatric population across the globe. The aging changes observed in cells and extracellular matrix of joint tissues likely increase the susceptibility of older adults to osteoarthritis (OA) when other risk factors are also present. For instance, according to the World Health Organization (WHO), the world’s population of people aged 60 years and older will double (2.1 billion) by 2050.

Among regions, North America, Europe, and Asia Pacific are expected to witness robust growth in the total knee arthroplasty market owing to the rising number of knee arthroplasty procedures, increasing prevalence of knee osteoarthritis, growing geriatric population, and frequent launches and approvals in these regions.

For instance, in April 2021, Zimmer Biomet Holdings, Inc. announced U.S. Food and Drug Administration 510(k) clearance of the ROSA Partial Knee System for robotically-assisted partial knee replacement surgeries. Moreover, in November 2019, MCRA, LLC announced that its client THINK Surgical, Inc. has obtained clearance from the U.S. FDA to market the TSolution One Total Knee Application for use in total knee arthroplasty in the U.S.

𝐁𝐮𝐲 𝐍𝐨𝐰 𝐓𝐎 𝐀𝐯𝐚𝐢𝐥 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐅𝐫𝐨𝐦 𝟐𝟓-𝟑𝟎% 𝐓𝐢𝐥𝐥 𝟑𝟏-𝐃𝐞𝐜-𝟐𝟎𝟐𝟏

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Table of Content

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Overview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Device Type
      • Market Snippet, By Procedure
      • Market Snippet, By Implant Type
      • Market Snippet, By Material
      • Market Snippet, By End User
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Regulatory Scenario
    • Reimbursement Scenario
    • Recent Product Launches/Approvals
    • Porter’s Analysis
    • Brand Analysis
    • Product Mapping
    • Acquisitions, Agreements, and Partnership Scenario
    • Pricing Analysis
    • Company Market Share Analysis
  4.  Global Total Knee Arthroplasty Market – Impact of Coronavirus (Covid-19) Pandemic

    • COVID-19 Epidemiology
    • Impact of COVID-19 on Demand and Supply of Total Knee Arthroplasty Systems
    • Impact of Covid-19 on Healthcare Sector
  5. Global Total Knee Arthroplasty Market, By Device Type, 2017-2028 (US$ Million), (Million No of Units)
    • Introduction
      • Market Share Analysis, 2021 and 2028 (%)
      • Y-o-Y Growth Analysis, 2018 – 2028
      • Segment Trends
    • Three-compartmental Knee Implants
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Million), (Million No of Units)
    • Bi-compartmental Knee Implants
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Million), (Million No of Units)
    • Uni-compartmental Knee Implants
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Million), (Million No of Units)
  6. Global Total Knee Arthroplasty Market, By Procedure, 2017 – 2028 (US$ Million), (Million No of Units)
    • Introduction
      • Market Share Analysis, 2021 and 2028 (%)
      • Y-o-Y Growth Analysis, 2018 – 2028
      • Segment Trends
    • Primary Knee Replacement
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Million), (Million No of Units)
    • Revision Knee Replacement
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Million), (Million No of Units)
    • Partial Knee Replacement
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Million), (Million No of Units)
  7. Global Total Knee Arthroplasty Market, By Implant Type, 2017 – 2028 (US$ Million), (Million No of Units)
    • Introduction
      • Market Share Analysis, 2021 and 2028 (%)
      • Y-o-Y Growth Analysis, 2018 – 2028
      • Segment Trends
    • Fixed-bearing Implants
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Million), (Million No of Units)
    • Mobile-bearing Implants
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Million), (Million No of Units)
    • Medial Pivot Implants
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Million), (Million No of Units)
  8. Global Total Knee Arthroplasty Market, By Material, 2017 – 2028 (US$ Million), (Million No of Units)
    • Introduction
      • Market Share Analysis, 2021 and 2028 (%)
      • Y-o-Y Growth Analysis, 2018 – 2028
      • Segment Trends
    • Metal-on-Plastic
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Million), (Million No of Units)
    • Ceramic-on-Ceramic
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Million), (Million No of Units)
    • Metal-on-Metal
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Million), (Million No of Units)
  9. Global Total Knee Arthroplasty Market, By End User, 2017 – 2028 (US$ Million), (Million No of Units)
    • Introduction
      • Market Share Analysis, 2021 and 2028 (%)
      • Y-o-Y Growth Analysis, 2018 – 2028
      • Segment Trends
    • Hospital
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Million), (Million No of Units)
    • Orthopedic Clinics
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Million), (Million No of Units)
    • Ambulatory Surgery Centers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Million), (Million No of Units)
  10. Global Total Knee Arthroplasty Market, By Region, 2017 – 2028 (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2021 and 2028 (%)
      • Y-o-Y Growth Analysis, For Regions, 2018 – 2028
      • Regional Trends
    • North America
      • Market Size and Forecast, By Device Type, 2017 – 2028 (US$ Mn), (Million No of Units)
      • Market Size and Forecast, By Procedure, 2017 – 2028 (US$ Mn), (Million No of Units)
      • Market Size and Forecast, By Implant Type, 2017 – 2028 (US$ Mn), (Million No of Units)
      • Market Size and Forecast, By Material, 2017 – 2028 (US$ Mn), (Million No of Units)
      • Market Size and Forecast, By End User, 2017 – 2028 (US$ Mn), (Million No of Units)
      • Market Size and Forecast, By Country, 2017 – 2028 (US$ Mn), (Million No of Units)
        • U.S.
        • Canada
    • Latin America
      • Market Size and Forecast, By Device Type, 2017 – 2028 (US$ Mn), (Million No of Units)
      • Market Size and Forecast, By Procedure, 2017 – 2028 (US$ Mn), (Million No of Units)
      • Market Size and Forecast, By Implant Type, 2017 – 2028 (US$ Mn), (Million No of Units)
      • Market Size and Forecast, By Material, 2017 – 2028 (US$ Mn), (Million No of Units)
      • Market Size and Forecast, By End User, 2017 – 2028 (US$ Mn), (Million No of Units)
      • Market Size and Forecast, By Country, 2017 – 2028 (US$ Mn), (Million No of Units)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • Market Size and Forecast, By Device Type, 2017 – 2028 (US$ Mn), (Million No of Units)
      • Market Size and Forecast, By Procedure, 2017 – 2028 (US$ Mn), (Million No of Units)
      • Market Size and Forecast, By Implant Type, 2017 – 2028 (US$ Mn), (Million No of Units)
      • Market Size and Forecast, By Material, 2017 – 2028 (US$ Mn), (Million No of Units)
      • Market Size and Forecast, By End User, 2017 – 2028 (US$ Mn), (Million No of Units)
      • Market Size and Forecast, By Country, 2017 – 2028 (US$ Mn), (Million No of Units)
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast, By Device Type, 2017 – 2028 (US$ Mn), (Million No of Units)
      • Market Size and Forecast, By Procedure, 2017 – 2028 (US$ Mn), (Million No of Units)
      • Market Size and Forecast, By Implant Type, 2017 – 2028 (US$ Mn), (Million No of Units)
      • Market Size and Forecast, By Material, 2017 – 2028 (US$ Mn), (Million No of Units)
      • Market Size and Forecast, By End User, 2017 – 2028 (US$ Mn), (Million No of Units)
      • Market Size and Forecast, By Country, 2017 – 2028 (US$ Mn), (Million No of Units)
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • Market Size and Forecast, By Device Type, 2017 – 2028 (US$ Mn), (Million No of Units)
      • Market Size and Forecast, By Procedure, 2017 – 2028 (US$ Mn), (Million No of Units)
      • Market Size and Forecast, By Implant Type, 2017 – 2028 (US$ Mn), (Million No of Units)
      • Market Size and Forecast, By Material, 2017 – 2028 (US$ Mn), (Million No of Units)
      • Market Size and Forecast, By End User, 2017 – 2028 (US$ Mn), (Million No of Units)
      • Market Size and Forecast, By Country, 2017 – 2028 (US$ Mn), (Million No of Units)
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • Market Size and Forecast, By Device Type, 2017 – 2028 (US$ Mn), (Million No of Units)
      • Market Size and Forecast, By Procedure, 2017 – 2028 (US$ Mn), (Million No of Units)
      • Market Size and Forecast, By Implant Type, 2017 – 2028 (US$ Mn), (Million No of Units)
      • Market Size and Forecast, By Material, 2017 – 2028 (US$ Mn), (Million No of Units)
      • Market Size and Forecast, By End User, 2017 – 2028 (US$ Mn), (Million No of Units)
      • Market Size and Forecast, By Country, 2017 – 2028 (US$ Mn), (Million No of Units)
      • Market Size and Forecast, By Country/Region, 2017 – 2028 (US$ Mn), (Million No of Units)
        • South Africa
        • Central Africa
        • North Africa
  11. Competitive Landscape
    • Company Profiles
      • Depuy Synthes (Johnson & Johnson)
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Strategies
      • Zimmer Biomet Holdings, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Strategies
      • MicroPort Scientific Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Strategies
      • Conformis Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Strategies
      • Corin Group
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Strategies
      • Exactech Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Strategies
      • DJO LLC. (Colfax Corporation)
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Strategie
      • Medacta International
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Strategies
      • Smith & Nephew plc
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Strategies
      • Stryker Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Strategies
      • Baumer SA
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Strategies
      • SurgTech Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Strategies
      • Meril Life Sciences Pvt. Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Strategies
    • Analyst Views
  12. Section
    • References
    • Research Methodology
    • About us and Sales Contact

About Us:

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

Contact Us:

Mr. Shah
Senior Client Partner – Business Development
Coherent Market Insights
Phone:
US: +1-206-701-6702
UK: +44-020-8133-4027
Japan: +81-050-5539-1737
India: +91-848-285-0837
Email: sales@coherentmarketinsights.com
Website: https://www.coherentmarketinsights.com

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