Knee Implants Market Analysis: Major Players, Lucrative Segments And Top Geographies
30 Jun, 2023
The global knee implants market size is expected to grow from $10.87 billion in 2022 to $11.39 billion in 2023 at a compound annual growth rate (CAGR) of 4.72%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global knee implants market size is expected to reach $13.91 billion in 2027 at a CAGR of 5.14%.
Global Knee Implants Market Key Driver
The rising prevalence of orthopaedic problems is likely to drive future expansion in the knee implant market. Orthopaedic disorders are illnesses or injuries that affect the musculoskeletal system, which includes the bones, joints, muscles, tendons, and ligaments. People suffering from orthopaedic illnesses can reduce discomfort and disability by replacing damaged knee joint surfaces with knee implants; thus, the growing frequency of orthopaedic disorders is predicted to drive the knee implant market.
Get a sample of the global knee implants market reportGlobal Knee Implants Market Segments
The global knee implants market is segmented:
1) By Product: Total Knee Replacement, Partial Knee Replacement, Revision Knee Replacement
2) By Component Type: Fixed-Bearing Implants, Mobile-Bearing Implants
3) By Material: Stainless Steel, Cobalt-Chromium Alloys, Titanium Alloys, Polyethylene, Ceramics, Other Materials
4) By Fixation Type: Cemented, Cementless, Hybrid
5) By End User: Hospitals And Orthopedic Clinics, Ambulatory Surgical Centers, Other End Users
6) By Geography: The regions covered in the knee implants market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global knee implants market.
Major Knee Implants Industry Players
Johnson & Johnson Services Inc., Zimmer Biomet, Stryker Corporation, Smith+Nephew PLC, Aesculap Inc., Exatech Inc., MicroPort Scientific Corp., CONMED Corporation, Conformis Inc., Corin Group, Medacta International, B. Braun SE, ARTIQO GmbH, Arthrex Inc., Enovis Corp.
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Knee Implants Market Overview
Knee implants refer to a type of knee replacement surgery that involves replacing specific damaged or worn-out knee joint elements. The procedure may improve the knee's functionality and reduce pain. A knee implant is a type of prosthetic created by humans, which is used to mimic the movements and functioning of a healthy human knee.
Knee Implants Global Market Report 2023 provides data on the global knee implants market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The knee implants market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.