Total Knee Replacement Market size to exceed $12 Bn by 2026

Total Knee Replacement Market size is set to exceed USD 12 billion by 2026; according to a new research report by Global Market Insights, Inc.

Increasing geriatric population across the globe will significantly boost the total knee replacement market expansion. The geriatric population shows an increased incidence of bone health disorders such as arthritis, osteoporosis etc., that in turn increases the demand for knee replacement procedures, thereby boosting the total knee replacement industry.


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Rising prevalence of bone health disorders in North America and Asia to propel market growth

Asia Pacific Total Knee Replacement Market

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Technological advancements in implant material will boost the product demand

Increasing technological advancements pertaining to implant materials and devices will boost the product demand in the market. Additionally, customized 3D printed implants are being offered by ConforMIS that perfectly resemble the patient anatomy. Such custom kneecaps, jigs and inserts reduce surgery time and improve patient outcomes. Furthermore, a shift towards minimally invasive surgeries will favorably impact the market demand for these devices. Minimally invasive surgeries have reduced recovery time and scar tissue and are thus being preferred by several patients. Hence, technological advancements coupled with an increasing preference for minimally invasive surgery will foster the total knee replacement market growth across the forecast period.

Wear and tear of primary knee replacement implants will spur demand for revision knee replacement systems

The revision knee replacement held substantial revenue in 2019 and is estimated to witness 6% CAGR during the forecast years. Revision knee replacement involves the replacement of damaged or worn out implants with a new implant and bone-graft to promote bone tissue growth. The demand for revision knee replacement systems will primarily be driven by the high rate of failure of primary knee replacement systems due to conventional surgery. Furthermore, implants are prone to wear and tear over the years, therefore, there will be an increased demand for revision knee replacement systems. These factors will boost the demand for revision knee replacement systems and in turn spur the market growth.

Browse key industry insights spread across 850 pages with 2,474 market data tables & 30  figures & charts from the report, “Total Knee Replacement Market Size By Product (Primary Knee Replacement Systems, Revision Knee Replacement Systems, Partial Knee Replacement Systems), By Device Type (Three-compartmental Knee Implants, Bicompartmental Knee Implants, Unicompartmental Knee Implants), By Component (Femoral, Tibial, Patellar), By Implant Type (Fixed-Bearing Implants, Mobile-Bearing Implants, Medial Pivot Implants), By Design (Cruciate Retaining, Posterior Stabilized Design), By Surgery Type (Traditional Surgery Type, Technology Assisted Surgery Type) By Fixation Material (Cemented, Cementless, Hybrid), By Material (Metal-on-plastic, Ceramic-on-plastic, Ceramic-on-ceramic, Metal-on-metal), By Polyethylene Inserts (Conventional Polyethylene Inserts, Highly Cross-Linked Polyethylene Inserts, Antioxidant Polyethylene Inserts), By End-use (Hospitals, Ambulatory Surgical Centers), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 – 2026” in detail along with the table of contents:

Growing patellofemoral component replacement will spur the bicompartmental knee replacement market demand

The bicompartmental knee implants segment held a market share of over 14% in 2019 and will witness significant growth over the analysis timeframe. Bicompartmental knee replacement removes the medial and the patellofemoral compartment and replaces it with an implant. The high growth can be attributed to the use of bicompartmental knee implants in patients with arthritis. Furthermore, the advantages of bicompartmental knee implants such as preservation of bone tissue and ligaments, faster rehab & recovery and improved range of motion will contribute to high product demand. Thus, the above-mentioned factors will boost the segment growth.

Increased knee protection offered by tibial replacement will spur segment growth

The tibial knee replacement market segment held a value of over USD 3.4 billion in 2019 and is predicted to witness substantial growth. The tibial replacement provides increased protection by resisting shearing forces, increases stability and reduces risk of tibial lift off. These advantages improve patient outcomes and reduces the need for a revision surgery. These advantages and additional benefits provided by tibial component will contribute to increased adoption amongst the surgeons and boost the product demand, in turn augmenting the industry expansion.

Increased mobility offered by mobile-bearing implants will positively augment the product adoption

The mobile bearing segment accounted for over 14% of the total Knee Replacement Market share in 2019 and will be the fastest growing segment over the forecast timeframe. Mobile-bearing implants feature a rotating polyethylene insert allowing greater rotational mobility. The rotation provides increased mobility and is preferred by younger patients who wish to lead a more active lifestyle. These benefits offered by mobile-bearing implants coupled with increasing number of non-geriatric patients requiring total knee replacement will boost product demand and contribute to the industry expansion.

Greater stability offered by posterior stabilized implants to boost product demand

The posterior-stabilized implants segment was valued over USD 4.5 billion in 2019. Posterior-stabilized implants substitute the post-cruciate ligament (PCL) of the knee and require the removal of the PCL in the knee. These implants provide increased stability of the knee joint, facilitating an increased range of motion for patients. These advantages will increase the adoption of posterior-stabilized implants among surgeons, boosting the product demand.

Improved patient outcomes will boost the demand for technology assisted surgery

The technology assisted surgery segment will witness a 9% CAGR over the forecast years. Technology assisted surgery uses a robot to plan the surgery by using CT scan images instead of X-ray images. This allows the surgeon to preserve the undamaged portions of the joint. Furthermore, the technology assisted surgery allows the surgeon to properly align the implant prosthesis. Such precise alignment improves the patient outcomes by reducing premature wear and tear of implant, as wearing occurs due to improper alignment. Therefore, these factors will spur the demand for robot assisted surgery.

Decreased risk of adhesive breakdown will bolster the cement-less fixation material segment

The total knee replacement market from cement-less placement material segment accounted for over 13% of the share in 2019 and will witness substantial growth over the forecast time period. The growth can be attributed to several advantages of cement-less material, for instance, cement-less material is less prone to adhesive breakdown and reduces incidence of inflammation of surrounding tissues, improving quality of life. Furthermore, cement-less material provides an improved bond with the bone tissue and reduces the incidence of a revision surgery. The above-mentioned factors will boost the product demand for cement-less fixation material.

Decreased wear and tear of ceramic-on-plastic implants will boost adoption rates

The ceramic-on-plastic segment is predicted to exhibit a 4.7% CAGR over the forecast period. Ceramic-on-plastic implants utilize a ceramic component riding on a plastic spacer. The implant has a reduced risk of wear and tear owing to the ceramic material. Furthermore, ceramic has a very low risk of immune reactions and people allergic to metal can avail this type of implant. These benefits of ceramic implants will be key factors in boosting the adoption rates.

Significantly reduced wear with highly cross-linked polyethylene will propel segment growth

The HXLPE segment held a value of over USD 3.4 billion in 2019 and will witness substantial growth over the analysis timeframe. HXLPE features a polymer with increased cross-linking that improves the stability of material and therefore increased strength. HXLPE inserts reduce the risk of osteolysis associated with conventional inserts and reduce the need for revision surgery. These factors will boost the product demand for HXLPE inserts in the total Knee replacement market, contributing to segment growth.

Reduced expenses and hospital stay will boost the ambulatory surgical centers segment

The ASC segment is poised to witness significant growth over the forecast period and will exhibit a 6.1% CAGR. The growth can be attributed to the increase in number of ASCs due to their advantages. ASCs offer the surgeries at a reduced cost and require minimal hospital stay. These advantages have resulted in the rapid expansion of ASCs. An increase in number of ASCs will boost the demand for total knee replacement at these settings. Hence, these factors will contribute to segment growth in the future.

Growing geriatric population to make Asia Pacific a lucrative for total knee replacement market

Asia Pacific was valued at more than USD 1.7 billion in 2019 and will witness lucrative growth over the forecast period. The growth can be attributed to high geriatric population in the region. Furthermore, the Indian population will show increased geriatric individuals in the future as the present population is aging drastically. Additionally, increased prevalence of osteoporosis in the population due to reduced calcium intake will further boost the demand for total knee replacement procedures in the future. These factors will contribute to the regional market expansion over the analysis timeframe.

The UK total knee replacement market is predicted to showcase substantial growth over the forecast period at 4.3% CAGR. The high growth rate can be attributed to obesity and osteoporosis in the population. According to the National Health Service (NHS), 29% of adults in the UK are classified as obese, and these individuals show an increased need for total knee replacement procedures. This is due to increased wear of the knee joint and greater weight bearing. Furthermore, over 3 million people in the UK suffered from osteoporosis in 2019 according to the NHS. These factors will increase the demand for knee replacement surgeries and spur the regional growth.

Companies focusing on innovative products to expand customer base and operations

Some of the leading total Knee replacement market players include Stryker, Smith & Nephew, ConforMIS, B. Braun, Zimmer Biomet, Corin Group, Johnson and Johnson and Microport Scientific Corporation among others. These companies are focusing on various strategies such as new product launches, strategic partnerships, and acquisitions to consolidate their market presence.

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