Knee Implant Market by Product (Total Knee, Partial Knee, Revision Knee), Design (Mobile, Fixed Bearing), Fixation (Cemented, Cementless, Hybrid), End User (Hospitals, ASCs) - Global Forecasts to 2027
The global knee implants market is projected to reach USD 13.1 billion by 2027 from USD 10.5 billion in 2022, at a CAGR of 4% during the forecast period. The growth in the knee implants market is majorly driven by the rising cases of Knee osteoarthritis (OA) & Sports-related knee injury, the growing adoption of minimally invasive knee implant surgeries, the increasing proportion of the older population with knee disorders, and the gradual shift towards the outpatient setting. Moreover, innovations in knee replacement implant design & materials and the advent of robotic surgery & artificial intelligence in orthopedic surgery are expected to boost the growth of the knee implants market.
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However, the high cost associated with knee replacement procedures and the absence of skilled orthopedic surgeons are some factors expected to restrain market growth to a certain extent.
As of 2021, major players operating in the knee implants market are Johnson & Johnson Services, Inc. (DePuy Synthes) (US), Stryker (US), Zimmer Biomet (US), Smith & Nephew plc (UK), Enovis (US), Arthrex, Inc. (the US), Conformis (US), cornin (UK), B. Braun Melsungen AG (Germany), Limacorporate (Italy), ARTIQO GmbH (Germany), Corin Group (UK), CORENTEC Co., Ltd. (South Korea) among others
Research Methodology
The study involved four major activities in estimating the current size of the knee implant market. Exhaustive secondary research was conducted to collect information on the market and its different subsegments. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Top-down and bottom-up approaches were employed to estimate the total market size. After that, market breakdown and data triangulation procedures were used to estimate the size of segments and subsegments.
Secondary Research
The secondary sources referred to in this research study include corporate filings (such as annual reports, SEC filings, investor presentations, and financial statements); research journals; and press releases; trade, business, and professional associations. Secondary sources were used to identify and collect helpful information for this extensive and commercial study of the knee Implants market. Secondary research was mainly used to obtain critical information about the industry’s total pool of key players, market classification and segmentation according to industry trends to the bottom-most level, market trends, and necessary developments by both the public and private organizations in the knee Implants Market.
The secondary sources for this research study include government, independent or public, paid/private, and research databases, among others. Secondary data was collected and analyzed to arrive at the overall market size of the knee implants market, which was further validated by primary research. Some of the critical secondary sources referred to during the preparation of this report are listed below-
- Governmental and inter-governmental sources & databases such as the World Health Organization (WHO), World Bank, Organisation for Economic Co-operation and Development (OECD), and Centers for Disease Control and Prevention (CDC), American Academy of Orthopaedic Surgeons (AAOS), British Orthopaedic Association (BOA). The Australian Orthopaedic Association National Joint Replacement Registry (AOANJRR), among others.
- Business and research articles such as Springer Nature, The Lancet, PubMed, and the US National Library of Medicine, among others.
- Company sources include annual reports, SEC filings, regulatory filings, investor presentations, press releases, and financial statements.
Primary Research
Extensive primary research was conducted after acquiring knowledge about the knee implant market scenario through secondary research. A significant number of primary interviews were conducted from both the demand (healthcare providers, research institutes, hospitals, orthopedic clinics, ambulatory surgical centers) and supply sides (developers, manufacturers, and distributors of knee implant products). The primaries interviewed for this study include experts from the knee implants industry (such as CEOs, VPs, directors, sales heads, and marketing managers of tier 1, 2, and 3 companies engaged in offering knee implants across the globe) and administrators & purchase managers of hospitals, orthopedic clinics, ambulatory surgical centers).
Around 65% and 35% of primary interviews were conducted from the supply and demand sides. A robust primary research methodology has been adopted to validate the report's contents and fill gaps. Telephonic and e-mail communications were adopted to conduct interviews (questionnaires were designed and sent to primary participants at their convenience).
The knee implant market comprises several stakeholders, such as hospitals, orthopedic clinics, and ambulatory surgical centers. Growing orthopedic injury cases characterize the demand side of this market, the rapidly increasing geriatric population, the growing adoption of robotic-assisted surgery in the orthopedic field, and the well-established healthcare infrastructure. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The following is the breakdown of primary respondents:
Market Size Estimation
Both top-down and bottom-up approaches were used to estimate and validate the total size of the knee implant market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:
- The key players in the industry and markets have been identified through extensive secondary research
- The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research
- All percentage shares split, and breakdowns have been determined using secondary sources and verified through primary sources
Data Triangulation
After arriving at the overall market size—using the market size estimation processes as explained above—the knee implants market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the Knee Implants industry.
Report Objectives
- To define, describe, and forecast the knee implants market by procedure, implant design type, fixation type, end user, and region
- To provide detailed information about significant factors influencing the market growth (key drivers, restraints, opportunities, and industry-specific challenges)
- To strategically analyze micromarkets1 concerning individual growth trends, prospects, and their contributions to the overall knee implants market
- To analyze market opportunities for stakeholders and provide details of the competitive landscape for key players
- To forecast the market value of various segments and sub-segments concerning five main regions, namely, North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa
- To profile the key players active in the knee implants market and comprehensively analyze their global revenue shares and core competencies2
- To track and analyze competitive market-specific developments such as product approvals & commercialization, agreements, partnerships, collaborations, acquisitions, and expansions in the knee implants market
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Scope of the Report
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Report Metric |
Details |
Market Size Available for Years |
2020–2027 |
Base Year Considered |
2021 |
Forecast Period |
2022–2027 |
Forecast Units |
Value (USD) |
Segments Covered |
The procedure, Implant Design Type, Fixation Type, End User, and Region |
Geographies Covered |
North America (US & Canada), Europe (Germany, UK, France, Italy, Spain, and RoE), APAC (Japan, China, India, Australia, South Korea, and the RoAPAC), LATAM (Brazil, Mexico, and RoLATAM), and MEA |
Companies Covered |
Zimmer Biomet (US), Smith & Nephew plc (UK), Stryker (US), Johnson & Johnson Services, Inc. (DePuy Synthes) (US), Enovis (DJO) (US), Arthrex, Inc. (the US), Exactech, Inc. (the US), Conformis (US), MicroPort Orthopedics, Inc. (the US), B. Braun Melsungen AG (Germany), ARTIQO GmbH (Germany), Corin Group (UK), CORENTEC Co., Ltd. (South Korea), Meril Life Sciences Pvt. Ltd (India), Smit Medimed Pvt Ltd (SMPL) (India), Limacorporate (Italy), Merete GmbH (Germany), Amplitude (France), among others |
This research report categorizes the knee implants market based on procedure, implant design type, fixation type, end user, and region
By Product
- Total knee Replacement
- Partial knee Replacement
- Revision Knee Replacement
By Fixation Type
- Cemented
- Cementless
- Hybrid
By End User
- Hospitals & Orthopedic Clinics
- Ambulatory Surgical Centers
- Others
By Region
- North America
- US
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- RoE
- Asia Pacific
- Japan
- China
- India
- South Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- The Middle East and Africa
Available Customizations
With the given market data, MarketsandMarkets offers customizations per the company’s specific needs. The following customization options are available for the knee implants market report:
PRODUCT ANALYSIS
- Product Matrix, which gives a detailed comparison of the product portfolios of the top five global players
PRODUCT ANALYSIS
- Further breakdown of the Rest of Europe knee implants market into Russia, Portugal, Belgium, Denmark, Switzerland, and other European countries (aggregated)
COMPANY INFORMATION
- Detailed analysis and profiling of additional market players (up to 5 OEMs)
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Exclusive indicates content/data unique to MarketsandMarkets and not available with any competitors.
TABLE OF CONTENTS
1 INTRODUCTION
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 RESEARCH SCOPE
1.3.1 MARKETS COVERED
1.3.2 GEOGRAPHIC SCOPE
1.3.3 YEARS CONSIDERED FOR THE STUDY
1.4 CURRENCY USED FOR THE STUDY
1.5 KEY STAKEHOLDERS
2 RESEARCH METHODOLOGY
2.1 PRIMARY DATA SOURCES
2.2 SECONDARY DATA SOURCES
2.3 MARKET SIZE ESTIMATION METHODOLOGY
2.4 RESEARCH ASSUMPTIONS
2.5 RESEARCH LIMITATIONS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
5 MARKET OVERVIEW
5.1 MARKET DYNAMICS
5.1.1 MAJOR DRIVERS
5.1.2 MAJOR RESTRAINTS
5.1.3 KEY MARKET OPPORTUNITIES
5.1.4 INDUSTRY SPECIFIC CHALLENGES
5.2 GLOBAL REGULATORY SCENARIO (AS OF 2022)
5.2.1 NORTH AMERICA
5.2.2 EUROPE
5.2.3 ASIA PACIFIC
5.2.4 LATIN AMERICA
5.2.5 MIDDLE EAST AND AFRICA
5.3 AVERAGE SELLING PRICE FOR KEY PRODUCTS, BY KEY REGION (USD, AS OF 2022)
5.3.1 NORTH AMERICA
5.3.2 EUROPE
5.3.3 ASIA PACIFIC
5.3.4 LATIN AMERICA
5.3.5 MIDDLE EAST AND AFRICA
6 KNEE IMPLANTS MARKET VALUE DATA, BY PRODUCT (USD MILLION; 2020-2027) *
6.1 TOTAL KNEE REPLACEMENT
6.2 PARTIAL KNEE REPLACEMENT
6.3 REVISION KNEE REPLACEMENT
7 KNEE IMPLANTS MARKET VALUE DATA, BY DESIGN USD MILLION; 2020-2027) *
7.1 MOBILE BEARING IMPLANTS
7.2 FIXED BEARING IMPLANTS
7.3 OTHER KNEE IMPLANTS
8 KNEE IMPLANTS MARKET VALUE DATA, BY FIXATION (USD MILLION; 2020-2027)*
8.1 CEMENTED
8.2 CEMNETLESS
8.3 HYBRID
9 KNEE IMPLANTS MARKET VALUE DATA, BY END USER (USD MILLION; 2020-2027)*
9.1 HOSPITALS AND ORTHOPEDIC CLINICS
9.2 AMBULATORY SURGICAL CENTERS
9.3 OTHER END USERS
10 KNEE IMPLANTS MARKET VALUE DATA, BY REGION (USD MILLION; 2020-2027)
10.1 NORTH AMERICA
10.1.1 US
10.1.2 CANADA
10.2 EUROPE
10.2.1 GERMANY
10.2.2 UK
10.2.3 FRANCE
10.2.4 REST OF EUROPE
10.3 ASIA-PACIFIC
10.3.1 CHINA
10.3.2 JAPAN
10.3.3 INDIA
10.3.4 REST OF ASIA-PACIFIC
10.4 LATIN AMERICA
10.4.1 BRAZIL
10.4.2 MEXICO
10.4.3 REST OF LATIN AMERICA
10.5 MIDDLE EAST AND AFRICA
11 COMPETITIVE LANDSCAPE
11.1 GLOBAL KNEE IMPLANTS MARKET SHARE ANALYSIS, BY TOP 3 PLAYERS (IN TERMS OF % SHARE, 2021)
11.2 COMPETITIVE SCENERIO (2020-2022)
11.3 COMPETITIVE LEADERSHIP MAPPING (FOR 25 MAJOR MARKET PLAYERS AS OF 2022)
11.3.1 VENDOR INCLUSION CRITERIA
11.3.1.1 PERVASIVE
11.3.1.2 INNOVATORS
11.3.1.3 PARTICIPANTS
11.3.1.4 EMERGING LEADERS
12 COMPANY PROFILES**
(Business Overview, Products Offered, Industry specific Developments for 2020 - 2022)***
12.1 ZIMMER BIOMET
12.2 STRYKER CORPORATION
12.3 ZIMMER BIOMET
12.4 JOHNSON & JOHNSON SERVICES, INC. (DEPUY SYNTHES)
12.5 ENOVIS
12.6 ARTHREX, INC.
12.7 EXACTECH, INC.
12.8 CONFORMIS
12.9 MICROPORT ORTHOPEDICS
12.10 CORIN
12.11 CORENTEC CO., LTD.
12.12 MERIL LIFE SCIENCES PVT. LTD
12.13 B. BRAUN MELSUNGEN AG
12.14 SMIT MEDIMED PVT LTD (SMPL)
12.15 LIMACORPORATE
12.16 MERETE GMBH
12.17 AMPLITUDE
12.18 EVOLUTIS
12.19 ARTIQO GMBH
12.20 ALLOPLUS GMBH
13 APPENDIX
NOTE:
* Market segmentation might change slightly based on insights gathered during the course of the actual research study.
**The top 20 companies in global KNEE IMPLANTS market shall be profiled; the list shall be decided based on insights gathered during the actual research study.
***Details on business overview, products offered, industry specific developments might not be captured in case of unlisted/privately held companies; those do not provide above information in public domain.
Growth opportunities and latent adjacency in Knee Implant Market