What are the Historical Developments and Current Growth Metrics of the Knee Implants Market?
The knee implants market has seen considerable growth due to a variety of factors.
•The size of the knee implants market has expanded consistently in recent years. Its growth is projected to rise from $11.64 billion in 2024 to $12.18 billion in 2025, signifying a compound annual growth rate (CAGR) of 4.7%.
Factors contributing to the growth during the historic period include a growing elderly population, the prevalence of osteoarthritis, innovations in implant materials, a rising preference for minimally invasive surgical procedures, and initiatives aimed at patient education and awareness.
What Does Future Hold for The Knee Implants Market Size?
The knee implants market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of knee implants is predicted to experience robust expansion in the coming years, swelling to a value of "$15.73 billion in 2029, with a compound annual growth rate (CAGR) of 6.6%.
Several factors account for this expected growth over the forecast period, including the uptick in individualized and tailored implants, a rise in injuries related to sports, a global increase in health spending, advancements in the field of robotic-assisted surgery, the growing prevalence of obesity, and an emphasis on outpatient and ambulatory surgical centres. The forecast period is also set to witness key trends like patient-specific implants, minimally invasive surgery (MIS), the integration of smart implants and IoT, the use of biocompatible materials and surface technologies, and the rising popularity of outpatient knee replacement procedures.
What Are The Key Drivers Fueling Growth In The Knee Implants Market?
The growth of the knee implants market is expected to be propelled by the rising incidence of orthopedic disorders. These disorders refer to diseases or injuries affecting the musculoskeletal system, including bones, joints, muscles, tendons, and ligaments. The pain and disability associated with orthopedic conditions can be alleviated through the use of knee implants to replace damaged knee joint surfaces, hence the anticipated growth in the knee implant market. As per a report from the Centers for Disease Control and Prevention, a public health institute based in the US, it is projected that by 2040, 25.9% of the total adult population, or 78.4 million individuals aged 18 and above, will be suffering from arthritis. Additionally, it is estimated that 34.6 million individuals, equating to 43.2% of adults afflicted with arthritis or 11.4% of all US adults, will face activity restrictions due to arthritis by 2040. Consequently, the escalating incidence of orthopedic disorders is promoting the growth of the knee implants market.
What Are The Principal Market Segments In The Global Knee Implants Industry?
The knee implants market covered in this report 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
Subsegments:
1) By Total Knee Replacement: Fixed-Bearing Implants, Mobile-Bearing Implants, Gender-Specific Implants
2) By Partial Knee Replacement: Medial Unicompartmental Knee Replacement, Lateral Unicompartmental Knee Replacement, Patellofemoral Replacement
3) By Revision Knee Replacement: Revision Of Total Knee Replacement, Revision Of Partial Knee Replacement, Augmented Revision Implants
Pre-Book The Knee Implants Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
Which Emerging Market Trends Are Altering The Knee Implants Sector?
The advancement in technology is becoming a trending factor in the knee implants market. Leading businesses in this sector are focusing on creating sophisticated robotic technology to increase accuracy and efficacy of knee replacement surgeries, enhancing the patient's results, and shortening recovery periods. Surgical robotic technology deploys state-of-the-art robotic systems and tools to help surgeons undertake intricate medical procedures with improved precision, governance, and adaptability. For example, Meril, a medical technology firm based in India, launched MISSO in June 2024. The MISSO robotic system is devised to improve knee implant surgeries by conducting precise, automated bone resections without needing conventional cutting guides. By using sophisticated technology, it enables customized 3D preoperative planning specific to each patient's distinct anatomy, guaranteeing perfect implant placement and better surgical results. This system decreases human errors as well as bettering patient safety, and hastens recovery times with its real-time surveillance and modification abilities during operations.
Who Are the Key Players in the Knee Implants Market?
Major companies operating in the knee implants market include:
• 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.
• Hospital for Special Surgery
• Medtronic plc
• LimaCorporate S.p.A.
• Physica system Trabecular Titanium
• SurgTech Inc.
• Waldemar Link GmbH & Co KG
• Engage Surgical LLC
• CORI Medical Ltd.
• Wright Medical Group Inc
• Biomet Inc.
• Kyocera Medical Technologies Inc
• DJO Global
• OrthoPedic Implant Xperts
• CORENTEC Co. Ltd.
What are the Regional Insights into the Knee Implants Market?
North America was the largest region in the knee implant market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global knee implants market report during the forecast period. The regions covered in the knee implants market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
