Cementless Total Knee System (TKS) Market Size

Cementless Total Knee System (TKS) Market Analysis

Over the next few years, the cementless total knee system (TKS) market is expected to register a CAGR of 6.5%.

The COVID-19 pandemic had a significant impact on the cementless total knee system (TKS) market at first.The strict lockdowns and government regulations intended to slow down the spread of COVID-19 resulted in a decrease in demand for products across all implantable segments. During the COVID-19 outbreak, most surgical procedures, such as knee replacement surgeries, were delayed. As a result, the surgeries were only performed in emergencies, which slowed the market's growth slightly.For instance, the NCBI has stated that in India, around 147 arthroplasty surgeries have been performed only for severely affected arthritis patients between March 2020 and April 2021. Thus, the COVID-19 outbreak affected the market's growth adversely in its preliminary phase; however, the market is expected to gain traction due to the significant increase in the number of individuals that are preferring cementless total knee systems as compared to other surgeries.

Furthermore, the rising number of target diseases and sports injuries, as well as the growing benefits of cementless total knee replacement systems, are major factors driving the growth of the studied market.Currently, according to the report published by the center (for orthopedic and neurosurgical care and research), around 3.5 million knee replacement surgeries are going to be performed in the United States each year, which in turn is going to elevate the need for a cementless total knee system. Such factors are likely to boost the adoption of cementless total knee systems, thereby contributing to the studied market's growth.

Moreover, the CDC stated in October 2021 that by the year 2040, around 78 million adults aged 18 years and older are projected to have doctor-diagnosed arthritis in the United States. Therefore, the increase in the number of arthritis patients is going to increase the need for various surgeries such as cementless total knee replacement surgery, which is poised to accelerate the cementless total knee system (TKS) market globally and is expected to increase in the future, thereby driving the growth of the studied market over the forecast period.

In addition, new product launches and strategic activities by major players in the market are positively affecting the growth of the studied market. In November 2021, Smith & Nephew introduced the Legion Conceloc, which is a cementless total knee system (TKS). This system has completed its first surgical procedure. This system has been created in a virtual environment and has been manufactured through 3D printing and additive manufacturing in order to optimize the porous structure in order to promote the bony ingrowth of the knee.

Therefore, owing to the aforementioned factors, it is anticipated that the studied market will witness growth over the analysis period. However, the high cost of the cementless total knee system and procedure is likely to impede the market's growth.