The global knee replacement market share is estimated to display sluggish growth throughout the forecast period, expanding at a CAGR of 2.70%. The market value of knee replacement is expected to expand from USD 10,069.3 million in 2024 to USD 13,143.3 million by 2034.
Attributes | Key Insights |
---|---|
Estimated Knee Replacement Market Size (2024E) | USD 10,069.3 million |
Projected Knee Replacement Industry Value (2034F) | USD 13,143.3 million |
Value-based CAGR (2024 to 2034) | 2.70% |
Continuous rise in the knee replacements per year worldwide is expected to contribute to the market’s growth over the forecast period. The market is analyzed by FMI analysts to showcase a CAGR of 2.70% over the assessment period.
The column below offers a broad picture of the emerging opportunities and recent trends spotted in the knee replacement market and related markets. For this study, the knee reconstruction device market and below-the-knee implant market are taken.
The below-the-knee implant industry is predicted to steal the limelight, as the market is expected to record a greater CAGR than the market peers. This market is expected to exhibit a CAGR of 5.20% through 2034. Driving factors for this industry are the development of smart implants and the surging use of modular implants.
Knee reconstruction device market and knee replacement market are predicted to follow the below-the-knee implant market in terms of growth.
Knee Replacement Market:
Attributes | Knee Replacement Market |
---|---|
CAGR (2024 to 2034) | 2.70% |
Growth Factor | Increasing geriatric population |
Opportunity | Surging investments by players in new technologies |
Key Trends | Rising government initiatives |
Knee Reconstruction Device Market:
Attributes | Knee Reconstruction Device Market |
---|---|
CAGR (2024 to 2034) | 4.3% |
Growth Factor | Accelerating hip and knee joint reconstruction surgeries |
Opportunity | Rising government investments to develop healthcare infrastructure |
Key Trends | Upsurge in the funding for research and development |
Below-the-knee Implant Market:
Attributes | Below-the-knee Implant Market |
---|---|
CAGR (2024 to 2034) | 5.20% |
Growth Factor | Growing prevalence of peripheral vascular disease |
Opportunity | Surging utilization of biodegradable implants made of materials that can be absorbed by the body over time |
Key Trends | Increasing use of patient-specific implants |
Leading Product | Total Knee Replacement |
---|---|
Value Share (2024) | 42.0% |
Based on product, the total knee replacement segment is projected to acquire a market share of 42% in 2024. Key factors that are contributing to the segment’s growth are as follows:
Leading End User | Hospitals |
---|---|
Value Share (2024) | 34.0% |
Hospitals are expected to be a prominent end user of knee replacement services. Top factors that are supporting the hospital segment are:
Countries | Forecast CAGR (2024 to 2034) |
---|---|
Canada | 2.00% |
Spain | 2.10% |
India | 4.80% |
Thailand | 4.20% |
Malaysia | 3.80% |
The knee replacement market in Canada is projected to register a CAGR of 2% through 2034. Key factors that are shaping the market dynamics are as follows:
Spain is a key knee replacement market in Europe. The country is set to record a CAGR of 2.10% through 2034. Market forces that are backing the knee replacement surgery industry’s growth are:
The knee replacement market in India is estimated to expand at a consistent CAGR of 4.80% over the next 10 years. Factors responsible for market growth are as follows:
The Thailand knee replacement market is projected to report growth of 4.2% from 2024 to 2034. Over the forecast period, following factors are driving the market growth:
Knee replacement market in Malaysia is anticipated to expand at a CAGR of 3.8% through 2034. The market is forecast to be driven by following factors:
Leading companies in the market are continuously innovating to develop knee replacement implants with improved functionality, patient outcomes, and durability. This is achieved by including materials like 3D printing technology and wear-resistant surfaces. Players are further investing in latest technologies like robotics and digital due to increased traction, especially for robotics knee replacement surgeries.
Leading players are increasingly focusing on emerging markets with rising populations and expanding demand for knee replacements. Industry participants are further developing minimally invasive surgical techniques to offer reduced pain and faster recovery times.
Companies are exploring ways to cut down on costs related to procedures and implants while ensuring product quality to increase accessibility to healthcare providers and patients. Additionally, players are offering comprehensive patient care solutions and training programs to encourage surgeons to adopt their offerings.
Players are expected to expand product portfolios, combine resources, and gain a larger market share by merging and acquiring other players.
Latest Developments Taking Place in the Knee Replacement Market
Table 1: Global Market Value (US$ Million) Forecast by Region, 2019 to 2034
Table 2: Global Market Value (US$ Million) Forecast by Product Type, 2019 to 2034
Table 3: Global Market Value (US$ Million) Forecast by Material Type, 2019 to 2034
Table 4: Global Market Value (US$ Million) Forecast by End User, 2019 to 2034
Table 5: North America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 6: North America Market Value (US$ Million) Forecast by Product Type, 2019 to 2034
Table 7: North America Market Value (US$ Million) Forecast by Material Type, 2019 to 2034
Table 8: North America Market Value (US$ Million) Forecast by End User, 2019 to 2034
Table 9: Latin America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 10: Latin America Market Value (US$ Million) Forecast by Product Type, 2019 to 2034
Table 11: Latin America Market Value (US$ Million) Forecast by Material Type, 2019 to 2034
Table 12: Latin America Market Value (US$ Million) Forecast by End User, 2019 to 2034
Table 13: Western Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 14: Western Europe Market Value (US$ Million) Forecast by Product Type, 2019 to 2034
Table 15: Western Europe Market Value (US$ Million) Forecast by Material Type, 2019 to 2034
Table 16: Western Europe Market Value (US$ Million) Forecast by End User, 2019 to 2034
Table 17: Eastern Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 18: Eastern Europe Market Value (US$ Million) Forecast by Product Type, 2019 to 2034
Table 19: Eastern Europe Market Value (US$ Million) Forecast by Material Type, 2019 to 2034
Table 20: Eastern Europe Market Value (US$ Million) Forecast by End User, 2019 to 2034
Table 21: South Asia and Pacific Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 22: South Asia and Pacific Market Value (US$ Million) Forecast by Product Type, 2019 to 2034
Table 23: South Asia and Pacific Market Value (US$ Million) Forecast by Material Type, 2019 to 2034
Table 24: South Asia and Pacific Market Value (US$ Million) Forecast by End User, 2019 to 2034
Table 25: East Asia Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 26: East Asia Market Value (US$ Million) Forecast by Product Type, 2019 to 2034
Table 27: East Asia Market Value (US$ Million) Forecast by Material Type, 2019 to 2034
Table 28: East Asia Market Value (US$ Million) Forecast by End User, 2019 to 2034
Table 29: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 30: Middle East and Africa Market Value (US$ Million) Forecast by Product Type, 2019 to 2034
Table 31: Middle East and Africa Market Value (US$ Million) Forecast by Material Type, 2019 to 2034
Table 32: Middle East and Africa Market Value (US$ Million) Forecast by End User, 2019 to 2034
Figure 1: Global Market Value (US$ Million) by Product Type, 2024 to 2034
Figure 2: Global Market Value (US$ Million) by Material Type, 2024 to 2034
Figure 3: Global Market Value (US$ Million) by End User, 2024 to 2034
Figure 4: Global Market Value (US$ Million) by Region, 2024 to 2034
Figure 5: Global Market Value (US$ Million) Analysis by Region, 2019 to 2034
Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2024 to 2034
Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2024 to 2034
Figure 8: Global Market Value (US$ Million) Analysis by Product Type, 2019 to 2034
Figure 9: Global Market Value Share (%) and BPS Analysis by Product Type, 2024 to 2034
Figure 10: Global Market Y-o-Y Growth (%) Projections by Product Type, 2024 to 2034
Figure 11: Global Market Value (US$ Million) Analysis by Material Type, 2019 to 2034
Figure 12: Global Market Value Share (%) and BPS Analysis by Material Type, 2024 to 2034
Figure 13: Global Market Y-o-Y Growth (%) Projections by Material Type, 2024 to 2034
Figure 14: Global Market Value (US$ Million) Analysis by End User, 2019 to 2034
Figure 15: Global Market Value Share (%) and BPS Analysis by End User, 2024 to 2034
Figure 16: Global Market Y-o-Y Growth (%) Projections by End User, 2024 to 2034
Figure 17: Global Market Attractiveness by Product Type, 2024 to 2034
Figure 18: Global Market Attractiveness by Material Type, 2024 to 2034
Figure 19: Global Market Attractiveness by End User, 2024 to 2034
Figure 20: Global Market Attractiveness by Region, 2024 to 2034
Figure 21: North America Market Value (US$ Million) by Product Type, 2024 to 2034
Figure 22: North America Market Value (US$ Million) by Material Type, 2024 to 2034
Figure 23: North America Market Value (US$ Million) by End User, 2024 to 2034
Figure 24: North America Market Value (US$ Million) by Country, 2024 to 2034
Figure 25: North America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 26: North America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 27: North America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 28: North America Market Value (US$ Million) Analysis by Product Type, 2019 to 2034
Figure 29: North America Market Value Share (%) and BPS Analysis by Product Type, 2024 to 2034
Figure 30: North America Market Y-o-Y Growth (%) Projections by Product Type, 2024 to 2034
Figure 31: North America Market Value (US$ Million) Analysis by Material Type, 2019 to 2034
Figure 32: North America Market Value Share (%) and BPS Analysis by Material Type, 2024 to 2034
Figure 33: North America Market Y-o-Y Growth (%) Projections by Material Type, 2024 to 2034
Figure 34: North America Market Value (US$ Million) Analysis by End User, 2019 to 2034
Figure 35: North America Market Value Share (%) and BPS Analysis by End User, 2024 to 2034
Figure 36: North America Market Y-o-Y Growth (%) Projections by End User, 2024 to 2034
Figure 37: North America Market Attractiveness by Product Type, 2024 to 2034
Figure 38: North America Market Attractiveness by Material Type, 2024 to 2034
Figure 39: North America Market Attractiveness by End User, 2024 to 2034
Figure 40: North America Market Attractiveness by Country, 2024 to 2034
Figure 41: Latin America Market Value (US$ Million) by Product Type, 2024 to 2034
Figure 42: Latin America Market Value (US$ Million) by Material Type, 2024 to 2034
Figure 43: Latin America Market Value (US$ Million) by End User, 2024 to 2034
Figure 44: Latin America Market Value (US$ Million) by Country, 2024 to 2034
Figure 45: Latin America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 46: Latin America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 48: Latin America Market Value (US$ Million) Analysis by Product Type, 2019 to 2034
Figure 49: Latin America Market Value Share (%) and BPS Analysis by Product Type, 2024 to 2034
Figure 50: Latin America Market Y-o-Y Growth (%) Projections by Product Type, 2024 to 2034
Figure 51: Latin America Market Value (US$ Million) Analysis by Material Type, 2019 to 2034
Figure 52: Latin America Market Value Share (%) and BPS Analysis by Material Type, 2024 to 2034
Figure 53: Latin America Market Y-o-Y Growth (%) Projections by Material Type, 2024 to 2034
Figure 54: Latin America Market Value (US$ Million) Analysis by End User, 2019 to 2034
Figure 55: Latin America Market Value Share (%) and BPS Analysis by End User, 2024 to 2034
Figure 56: Latin America Market Y-o-Y Growth (%) Projections by End User, 2024 to 2034
Figure 57: Latin America Market Attractiveness by Product Type, 2024 to 2034
Figure 58: Latin America Market Attractiveness by Material Type, 2024 to 2034
Figure 59: Latin America Market Attractiveness by End User, 2024 to 2034
Figure 60: Latin America Market Attractiveness by Country, 2024 to 2034
Figure 61: Western Europe Market Value (US$ Million) by Product Type, 2024 to 2034
Figure 62: Western Europe Market Value (US$ Million) by Material Type, 2024 to 2034
Figure 63: Western Europe Market Value (US$ Million) by End User, 2024 to 2034
Figure 64: Western Europe Market Value (US$ Million) by Country, 2024 to 2034
Figure 65: Western Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 66: Western Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 67: Western Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 68: Western Europe Market Value (US$ Million) Analysis by Product Type, 2019 to 2034
Figure 69: Western Europe Market Value Share (%) and BPS Analysis by Product Type, 2024 to 2034
Figure 70: Western Europe Market Y-o-Y Growth (%) Projections by Product Type, 2024 to 2034
Figure 71: Western Europe Market Value (US$ Million) Analysis by Material Type, 2019 to 2034
Figure 72: Western Europe Market Value Share (%) and BPS Analysis by Material Type, 2024 to 2034
Figure 73: Western Europe Market Y-o-Y Growth (%) Projections by Material Type, 2024 to 2034
Figure 74: Western Europe Market Value (US$ Million) Analysis by End User, 2019 to 2034
Figure 75: Western Europe Market Value Share (%) and BPS Analysis by End User, 2024 to 2034
Figure 76: Western Europe Market Y-o-Y Growth (%) Projections by End User, 2024 to 2034
Figure 77: Western Europe Market Attractiveness by Product Type, 2024 to 2034
Figure 78: Western Europe Market Attractiveness by Material Type, 2024 to 2034
Figure 79: Western Europe Market Attractiveness by End User, 2024 to 2034
Figure 80: Western Europe Market Attractiveness by Country, 2024 to 2034
Figure 81: Eastern Europe Market Value (US$ Million) by Product Type, 2024 to 2034
Figure 82: Eastern Europe Market Value (US$ Million) by Material Type, 2024 to 2034
Figure 83: Eastern Europe Market Value (US$ Million) by End User, 2024 to 2034
Figure 84: Eastern Europe Market Value (US$ Million) by Country, 2024 to 2034
Figure 85: Eastern Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 86: Eastern Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 87: Eastern Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 88: Eastern Europe Market Value (US$ Million) Analysis by Product Type, 2019 to 2034
Figure 89: Eastern Europe Market Value Share (%) and BPS Analysis by Product Type, 2024 to 2034
Figure 90: Eastern Europe Market Y-o-Y Growth (%) Projections by Product Type, 2024 to 2034
Figure 91: Eastern Europe Market Value (US$ Million) Analysis by Material Type, 2019 to 2034
Figure 92: Eastern Europe Market Value Share (%) and BPS Analysis by Material Type, 2024 to 2034
Figure 93: Eastern Europe Market Y-o-Y Growth (%) Projections by Material Type, 2024 to 2034
Figure 94: Eastern Europe Market Value (US$ Million) Analysis by End User, 2019 to 2034
Figure 95: Eastern Europe Market Value Share (%) and BPS Analysis by End User, 2024 to 2034
Figure 96: Eastern Europe Market Y-o-Y Growth (%) Projections by End User, 2024 to 2034
Figure 97: Eastern Europe Market Attractiveness by Product Type, 2024 to 2034
Figure 98: Eastern Europe Market Attractiveness by Material Type, 2024 to 2034
Figure 99: Eastern Europe Market Attractiveness by End User, 2024 to 2034
Figure 100: Eastern Europe Market Attractiveness by Country, 2024 to 2034
Figure 101: South Asia and Pacific Market Value (US$ Million) by Product Type, 2024 to 2034
Figure 102: South Asia and Pacific Market Value (US$ Million) by Material Type, 2024 to 2034
Figure 103: South Asia and Pacific Market Value (US$ Million) by End User, 2024 to 2034
Figure 104: South Asia and Pacific Market Value (US$ Million) by Country, 2024 to 2034
Figure 105: South Asia and Pacific Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 106: South Asia and Pacific Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 107: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 108: South Asia and Pacific Market Value (US$ Million) Analysis by Product Type, 2019 to 2034
Figure 109: South Asia and Pacific Market Value Share (%) and BPS Analysis by Product Type, 2024 to 2034
Figure 110: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Product Type, 2024 to 2034
Figure 111: South Asia and Pacific Market Value (US$ Million) Analysis by Material Type, 2019 to 2034
Figure 112: South Asia and Pacific Market Value Share (%) and BPS Analysis by Material Type, 2024 to 2034
Figure 113: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Material Type, 2024 to 2034
Figure 114: South Asia and Pacific Market Value (US$ Million) Analysis by End User, 2019 to 2034
Figure 115: South Asia and Pacific Market Value Share (%) and BPS Analysis by End User, 2024 to 2034
Figure 116: South Asia and Pacific Market Y-o-Y Growth (%) Projections by End User, 2024 to 2034
Figure 117: South Asia and Pacific Market Attractiveness by Product Type, 2024 to 2034
Figure 118: South Asia and Pacific Market Attractiveness by Material Type, 2024 to 2034
Figure 119: South Asia and Pacific Market Attractiveness by End User, 2024 to 2034
Figure 120: South Asia and Pacific Market Attractiveness by Country, 2024 to 2034
Figure 121: East Asia Market Value (US$ Million) by Product Type, 2024 to 2034
Figure 122: East Asia Market Value (US$ Million) by Material Type, 2024 to 2034
Figure 123: East Asia Market Value (US$ Million) by End User, 2024 to 2034
Figure 124: East Asia Market Value (US$ Million) by Country, 2024 to 2034
Figure 125: East Asia Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 126: East Asia Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 127: East Asia Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 128: East Asia Market Value (US$ Million) Analysis by Product Type, 2019 to 2034
Figure 129: East Asia Market Value Share (%) and BPS Analysis by Product Type, 2024 to 2034
Figure 130: East Asia Market Y-o-Y Growth (%) Projections by Product Type, 2024 to 2034
Figure 131: East Asia Market Value (US$ Million) Analysis by Material Type, 2019 to 2034
Figure 132: East Asia Market Value Share (%) and BPS Analysis by Material Type, 2024 to 2034
Figure 133: East Asia Market Y-o-Y Growth (%) Projections by Material Type, 2024 to 2034
Figure 134: East Asia Market Value (US$ Million) Analysis by End User, 2019 to 2034
Figure 135: East Asia Market Value Share (%) and BPS Analysis by End User, 2024 to 2034
Figure 136: East Asia Market Y-o-Y Growth (%) Projections by End User, 2024 to 2034
Figure 137: East Asia Market Attractiveness by Product Type, 2024 to 2034
Figure 138: East Asia Market Attractiveness by Material Type, 2024 to 2034
Figure 139: East Asia Market Attractiveness by End User, 2024 to 2034
Figure 140: East Asia Market Attractiveness by Country, 2024 to 2034
Figure 141: Middle East and Africa Market Value (US$ Million) by Product Type, 2024 to 2034
Figure 142: Middle East and Africa Market Value (US$ Million) by Material Type, 2024 to 2034
Figure 143: Middle East and Africa Market Value (US$ Million) by End User, 2024 to 2034
Figure 144: Middle East and Africa Market Value (US$ Million) by Country, 2024 to 2034
Figure 145: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 146: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 147: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 148: Middle East and Africa Market Value (US$ Million) Analysis by Product Type, 2019 to 2034
Figure 149: Middle East and Africa Market Value Share (%) and BPS Analysis by Product Type, 2024 to 2034
Figure 150: Middle East and Africa Market Y-o-Y Growth (%) Projections by Product Type, 2024 to 2034
Figure 151: Middle East and Africa Market Value (US$ Million) Analysis by Material Type, 2019 to 2034
Figure 152: Middle East and Africa Market Value Share (%) and BPS Analysis by Material Type, 2024 to 2034
Figure 153: Middle East and Africa Market Y-o-Y Growth (%) Projections by Material Type, 2024 to 2034
Figure 154: Middle East and Africa Market Value (US$ Million) Analysis by End User, 2019 to 2034
Figure 155: Middle East and Africa Market Value Share (%) and BPS Analysis by End User, 2024 to 2034
Figure 156: Middle East and Africa Market Y-o-Y Growth (%) Projections by End User, 2024 to 2034
Figure 157: Middle East and Africa Market Attractiveness by Product Type, 2024 to 2034
Figure 158: Middle East and Africa Market Attractiveness by Material Type, 2024 to 2034
Figure 159: Middle East and Africa Market Attractiveness by End User, 2024 to 2034
Figure 160: Middle East and Africa Market Attractiveness by Country, 2024 to 2034
The market is estimated to account for USD 10,069.3 million in 2024.
Throughout the forecast period, the knee replacement industry is projected to register a CAGR of 2.70%.
By 2034, the knee replacement industry is forecast to be worth USD 13,143.3 million.
Hospitals are expected to be significant performers of knee replacement surgeries.
India is expected to find considerable growth prospects in the future.
Leading companies in the knee replacement industry include Stryker, Aesculap, Inc., and Conformis.
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