Home > Healthcare > Medical Devices > Implantable Devices > Total Knee Replacement Market

Total Knee Replacement Market Size

Report ID: GMI2804
Published Date: Oct 2024
Report Format: PDF

Download Free Sample

Total Knee Replacement Market Size

The global total knee replacement market was valued at USD 9.4 billion in 2023 and is expected to exhibit growth at a CAGR of 5.1% from 2024 to 2032. The rising prevalence of arthritis and osteoporosis, combined with increasing infection rates, is leading to a surge in knee revision procedures, which is significantly driving market growth.

To get key market trends

Download Free Sample

As the global population ages and life expectancy rises, the number of individuals affected by these conditions is expected to increase, boosting demand for knee replacement procedures. Rising obesity rates, a key risk factor for osteoarthritis, and the widespread occurrence of osteoporosis, especially in rheumatoid arthritis patients, further intensify the need for knee replacements.

Total Knee Replacement Market Report Attributes
Report Attribute	Details
Base Year:	2023
Total Knee Replacement Market Size in 2023:	USD 9.4 Billion
Forecast Period:	2024 - 2032
Forecast Period 2024 - 2032 CAGR:	5.1%
2032 Value Projection:	USD 14.5 Billion
Historical Data for:	2021 - 2023
No. of Pages:	130
Tables, Charts & Figures:	580
Segments covered:	Product, Device Type, Component, Implant Type, Design, Surgery Type, Fixation Material, Material, Polyethylene Inserts, End Use, and Region
Growth Drivers:	Rising geriatric population Increasing prevalence of arthritis and osteoporosis Need for personalized and patient specific implants Growing infection rates contributing to rise in knee revisions Surging preference for bicruciate-retaining total knee arthroplasty Increasing usage of unicondylar knee procedures
Pitfalls & Challenges:	Rising financial burden Increased number of knee implant recalls High cost associated with the surgery

Learn more about the key segments shaping this market

Download Free Sample

According to the CDC, between 2019 and 2021, around 21.2% of U.S. adults (53.2 million) reported being diagnosed with arthritis. These trends, coupled with the growing incidence of infections requiring knee revisions, suggest a continuing rise in procedures, emphasizing the need for public health strategies to manage the burden on healthcare systems and improve patient outcomes.

Total knee replacement, also known as total knee arthroplasty (TKA), is a surgical procedure that involves replacing the damaged surfaces of the knee joint with artificial components. This procedure is primarily performed to relieve pain and restore function in individuals suffering from severe knee arthritis, particularly osteoarthritis, rheumatoid arthritis, or post-traumatic arthritis, when conservative treatments have failed.

Authors: Mariam Faizullabhoy , Gauri Wani

Frequently Asked Questions (FAQ) :

The global total knee replacement industry was valued at USD 9.4 billion in 2023 and is expected to grow at a 5.1% CAGR from 2024 to 2032, driven by the rising prevalence of arthritis and osteoporosis.

The primary knee replacement systems segment generated USD 7.7 billion in 2023, as these systems are used in initial surgeries, which are more common due to the increasing prevalence of osteoarthritis.

North America total knee replacement industry recorded USD 5.1 billion in 2023 and is anticipated to grow at a 3.8% CAGR between 2024 and 2032, driven by high osteoarthritis prevalence and lifestyle factors like obesity.

Key players in the industry include Amplitude Ortho (Amplitude Surgical), B Braun, Corin Group, Depuy Synthes (Johnson & Johnson), Enovis, Exactech, ODEV, Medacta International, and Allegra Orthopaedics.