Knee Replacement Market | Growth, Trends, and Forecast (2019-2024)

ABOUT THIS REPORT
- Market Snapshot
- Market Overview
- Scope of the Report
- Key Market Trends
- Competitive Landscape
- Major Players
TABLE OF CONTENTS

Market Snapshot

Study Period:

2016-2024

Base Year:

2019

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

Major Players:

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Market Overview

The knee replacement market is expected to register a CAGR of nearly 3.7% during the forecast period, 2019 - 2024.

Osteoarthritis (OA) is a disease, which affects older adults, and is the most common form of arthritis. It is a leading cause of chronic pain and physical disability in older individuals. In terms of prevalence, OA ranks fifth, among all forms of disabilities, globally.
According to the statistics of Arthritis Foundation in 2017, an estimated 30.8 million adults were observed to be suffering from OA, and in the United States, 14 million individuals were found to be suffering from symptomatic knee osteoarthritis.
The prevalence of OA increases with age. OA has been observed in up to 80% of people, over the age of 65, in the high-income countries. As the global population continues to age, it is estimated that degenerative joint disease disorders, such as OA, may impact at least 130 million individuals around the world, by 2050.
Thus, due to the increasing prevalence of OA, many patients are adopting knee replacement as a therapy, which is acting as a major driver for the growth of the market.

Scope of the Report

As per the scope of the report, knee replacement or knee arthroplasty is a surgical procedure that is performed to replace the damaged knee with artificial knee implants. It is the most common joint replacement surgery that is undertaken by the patients suffering from knee-related diseases, like osteoarthritis, post-traumatic arthritis, or rheumatoid arthritis. Knee replacement is one of the effective and widely used methods to get relief from the pain associated with arthritis.

By Product
		Total Knee Replacement
		Partial Knee Replacement
		Kneecap Replacement
		Complex (or revision) Knee Replacement

By End User
		Hospitals
		Orthopedic Centers
		Other End Users

Geography

North America
	US
	Canada
	Mexico

Europe
	Germany
	UK
	France
	Italy
	Spain
	Rest of Europe

Asia-Pacific
	China
	Japan
	India
	Australia
	South Korea
	Rest of Asia-Pacific

Middle East & Africa
	GCC
	South Africa
	Rest of Middle East & Africa

South America
	Brazil
	Argentina
	Rest of South America

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Key Market Trends

Hospitals Segment is Expected to Hold the Largest Share of the Market

The hospitals segment has the largest share in the market, as majority of knee replacement surgeries are conducted in hospitals, due to the availability of advanced technologies and trained professionals in these healthcare settings. Additional provision and intensive care provided post the surgical procedures in hospital are expected to fuel the growth of this end user segment of the market.

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North America Holds the Largest Share of the Knee Replacement Market

North America dominates the market, due to the presence of major market players and increase in prevalence of people suffering from degenerative diseases. In 2015, around 55 million adults in the United States were found to be suffering from arthritis, as per the data published by the Center for Disease Control and Prevention. In the United States, every year, more than 300,000 knee replacement procedures are performed, and the number is expected to increase by 525, by the year 2030. Additionally, researchers of the National Institutes of Health’s (NIH) and National Institute of Arthritis and Musculoskeletal and Skin Diseases (NIAMS) are focusing on improving the knee replacement surgery by replacing the weight-bearing surfaces of the knee joint. Owing to these factors and the high prevalence of osteoarthritis in the region, the market is expected to grow further, over the forecast period.

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Competitive Landscape

Some of the prominent players operating in the knee replacement market include Stryker, Smith & Nephew, Medacta, MicroPort Scientific, DePuy Synthes, and Zimmer Biomet. Development of advanced products for better outcomes and rigorous marketing are the competitive strategies adopted by the players in the market.

Major Players

1. INTRODUCTION
1. 1.1 Study Deliverables
2. 1.2 Study Assumptions
3. 1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
1. 4.1 Market Overview
2. 4.2 Market Drivers
  1. 4.2.1 Increasing Prevalence of Osteoarthritis
  2. 4.2.2 Rise in the Number of Knee Injury Cases
  3. 4.2.3 Adaptation of Sedentary Lifestyle, Leading to Rise in Obese Population
3. 4.3 Market Restraints
  1. 4.3.1 High Cost of the Procedure
  2. 4.3.2 Reimbursement Issues
4. 4.4 Porter's Five Forces Analysis
  1. 4.4.1 Threat of New Entrants
  2. 4.4.2 Bargaining Power of Buyers/Consumers
  3. 4.4.3 Bargaining Power of Suppliers
  4. 4.4.4 Threat of Substitute Products
  5. 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
1. 5.1 By Product
  1. 5.1.1 Total Knee Replacement
  2. 5.1.2 Partial Knee Replacement
  3. 5.1.3 Kneecap Replacement
  4. 5.1.4 Complex (or revision) Knee Replacement
2. 5.2 By End User
  1. 5.2.1 Hospitals
  2. 5.2.2 Orthopedic Centers
  3. 5.2.3 Other End Users
3. 5.3 Geography
  1. 5.3.1 North America
    1. 5.3.1.1 US
    2. 5.3.1.2 Canada
    3. 5.3.1.3 Mexico
  2. 5.3.2 Europe
    1. 5.3.2.1 Germany
    2. 5.3.2.2 UK
    3. 5.3.2.3 France
    4. 5.3.2.4 Italy
    5. 5.3.2.5 Spain
    6. 5.3.2.6 Rest of Europe
  3. 5.3.3 Asia-Pacific
    1. 5.3.3.1 China
    2. 5.3.3.2 Japan
    3. 5.3.3.3 India
    4. 5.3.3.4 Australia
    5. 5.3.3.5 South Korea
    6. 5.3.3.6 Rest of Asia-Pacific
  4. 5.3.4 Middle East & Africa
    1. 5.3.4.1 GCC
    2. 5.3.4.2 South Africa
    3. 5.3.4.3 Rest of Middle East & Africa
  5. 5.3.5 South America
    1. 5.3.5.1 Brazil
    2. 5.3.5.2 Argentina
    3. 5.3.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
1. 6.1 Company Profiles
  1. 6.1.1 Aesculap Implants Systems LLC
  2. 6.1.2 Corin Group
  3. 6.1.3 DePuy Synthes Companies
  4. 6.1.4 Smith & Nephew PLC
  5. 6.1.5 Stryker Corporation
  6. 6.1.6 Zimmer Biomet
  7. 6.1.7 Exactech Inc.
  8. 6.1.8 Medacta
  9. 6.1.9 MicroPort Orthopedics Inc.
  10. 6.1.10 Medtronic PLC

*List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

** Subject to Availability

**Competitive Landscape Covers - Business Overview, Financials, Products, Strategies, and Recent Developments

Knee Replacement Market - Growth, Trends, and Forecast (2020 - 2025)

Market Snapshot

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Market Overview

Scope of the Report

Key Market Trends

Hospitals Segment is Expected to Hold the Largest Share of the Market

North America Holds the Largest Share of the Knee Replacement Market

Competitive Landscape

Major Players

Table Of Contents

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