Knee Replacement Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Knee Replacement Market is segmented by Product, End User (Hospitals, Orthopedic Centers, and Other End Users), and Geography

Market Snapshot

Knee Replacement Market Overview
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 3.7 %
Knee Replacement Market Key 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. The knee replacement market is majorly driven by the increasing geriatric population giving rise to old-age ailments such as arthritis, osteoporosis, and diabetes. Additionally, rising technological advancements such as minimally invasive surgeries along with presence of better implant materials are likely to drive the growth of knee replacement market.

Osteoarthritis (OA) is found affecting 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.

Therefore with 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. It is therefore 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
Orthopedic Centers
Other End Users
North America
United States
United Kingdom
Rest of Europe
South Korea
Rest of Asia-Pacific
Middle-East & Africa
South Africa
Rest of Middle-East & Africa
South America
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.

Knee Replacement Market Key Trends

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 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.

Knee Replacement Market Growth Rate

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.

Table of Contents


    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study




    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 Rising Technological Advancements

    3. 4.3 Market Restraints

      1. 4.3.1 High Cost of the Implants and 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


    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. United States

        2. Canada

        3. Mexico

      2. 5.3.2 Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Italy

        5. Spain

        6. Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. China

        2. Japan

        3. India

        4. Australia

        5. South Korea

        6. Rest of Asia-Pacific

      4. 5.3.4 Middle-East & Africa

        1. GCC

        2. South Africa

        3. Rest of Middle-East & Africa

      5. 5.3.5 South America

        1. Brazil

        2. Argentina

        3. Rest of South America


    1. 6.1 Company Profiles

      1. 6.1.1 B. Braun (Aesculap Implants Systems LLC)

      2. 6.1.2 Corin Group

      3. 6.1.3 Johnson & Johnson (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

    2. *List Not Exhaustive

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

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Frequently Asked Questions

The Knee Replacement Market market is studied from 2018 - 2026.

The Knee Replacement Market is growing at a CAGR of 3.7% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Corin Group, Smith & Nephew PLC, Stryker Corporation, Johnson & Johnson (DePuy Synthes Companies), B. Braun (Aesculap Implants Systems LLC) are the major companies operating in Knee Replacement Market.

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