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Knee Implants Market - Global Industry Size, Share, Trends, Analysis and Forecast 2016 - 2024

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Knee implants plays significant role in resurfacing a knee damaged either by traumas or by rheumatoid arthritis. Surgical procedure involving implantation of an artificial knee is termed as arthroplasty. Depending upon the severity and need, these knee implants are developed in different forms viz., metal alloys, strong plastic parts and ceramic material. The rising proportion of aging population across the world has increased the number of people suffering from osteoporosis and arthritis. Moreover, the sedentary lifestyle among people has led to increasing prevalence of obesity and diabetes. Owing to these factors, the demand for knee implant surgeries has been growing worldwide. Also leveraging technological advancement in procedures such as minimal invasive surgery, better implant materials has increased the success rates. Rising awareness about the knee implant surgeries will act as another driving factor to the market.

With advancement of technology in the knee implant market, companies are offering diverse product portfolio to patients and surgeons with novel techniques, thus providing better outcomes for patients. Due to heavy research and development in knee implant industry, companies are offering technologically advanced products to the customers. The high cost of knee replacement surgery is acting as a major restraint in the countries facing economic downturn for the last couple of years. Many patients either avoid or postpone the surgery due to high cost of the procedure. This has compelled the hospitals and surgeons to strive for decreasing the cost of procedure to accommodate more patients while providing better care. Moreover, high industry competition is resulting into price negotiation and thus helping the growth of overall market size.

Companies’ manufacture knee implants with variety of designs and made up from a variety of materials. Most of these devices are made up of multiple material components constituting medical grade material. Based on the type of procedure, the global knee implants market can be categorized into total knee replacement, partial knee replacement and revision knee replacement. In the total knee replacement procedure, all parts of knee joints are replaced with knee implants. This procedure is further sub-segmented into cemented knee replacement and cement-less knee replacement. In the partial knee replacement procedures single part of the knee is replaced with an implant while the revision knee replacement procedures refers to replacement of an existing implant with new one. On the basis of composition, knee implants are also categorized as fixed bearing prosthesis and mobile bearing prosthesis.   

Geographically, the global knee implants market has been segmented into five major regions, viz., North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. The U.S. and Europe are the two big markets comprising of comparatively significant market share of the total knee implant market. Europe and North America are anticipated to dominate on the global knee replacement market. These two regions are followed by Asia market owing to increasing number of knee replacement surgeries in China and India. The factors leading to an increase in the demand for knee implants in Asia Pacific region include aging population affected with knee joint disorders and increase in awareness level for related treatments. India and China have large population base, and hence foreseen to be a highly potential market for knee replacement surgeries. The increasing disposable income in these countries will further propel growth in the Asia Pacific knee implant market. 

Globally, the knee implants market is dominated by players such as B.Braun, Smith and Nephew, Stryker, Zimmer Biomet, Medacta and Depuy. The medical device manufacturing companies are attempting to increase their market share through several product awareness and marketing campaigns. Technology and patient centric approach has been a key factor in driving the overall knee implants market.   

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.


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