Knee Arthroplasty Market by Product (Primary Knee Systems, Revision Knee Systems, and Partial Knee Systems), Component (Total Knee Component, Femoral Component, Tibial Component, and Patellar Component), Implant Design (Posterior-Stabilized Designs, Cruciate-Retaining Designs, and Bicruciate-Retaining Designs), End Users (Hospitals, Orthopedic Specialty Centers, and Ambulatory Surgical Centers (ASC’s)) - Global Analysis & Forecast 2019-2030

Report ID : 224  |  Published Date : Jun 2020  |  Pages : 180  |  Region : Global  |  Report Code : MD-66





Knee Arthroplasty Market Introduction & Overview

Knee Arthroplasty, also known as Total Knee Replacement Surgery (TKR) or Knee Resurfacing, is a surgical procedure to resurface a knee that is degenerated. Osteoarthritis, rheumatoid arthritis, post-traumatic arthritis, sports injuries, and accidents may damage the knee and its allied bone structure & integrity. Knee arthroplasty helps in relieving pain and restoring the function of knee joints. For knee replacement procedure, the damaged bone and cartilage from the thighbone, shinbone, and kneecap are cut off and replaced with an artificial joint (prosthesis). The bone replacements are made up of metal alloys, high-grade plastics, and polymers. The surgery may be partial or total knee replacement. Furthermore, revision surgeries are also performed by orthopedic surgeons.

The rising adoption of minimally invasive surgeries, technological advancements in orthopedic implants, and increasing investments in the healthcare sector are the major factors that will fuel the demand for knee arthroplasty. Furthermore, a rising geriatric population suffering from age-related diseases such as osteoporosis, diabetes, obesity, and arthritis, is contributing significantly to market growth.

The global knee arthroplasty market can be segmented by product, component, implant design, end-user, and region

Knee Arthroplasty Market by Product

The product segment can be majorly classified into primary knee systems, revision knee systems, and partial knee systems. Primary knee systems accounted for the highest market share owing to long-term relief from pain, stability, longevity, and normal kinematics along with ultimate restoration of the lower extremity.

Knee Arthroplasty Market by Component

The component segment can be classified into total knee component, femoral, tibial, and patellar. The total knee component segment is anticipated to account for the largest market share owing to several advantages including less muscle dissection, less pain & blood loss, shorter hospital stays, and rapids improvements in the range of motion.

Knee Arthroplasty Market by Implant Design

The component segment can be majorly classified into posterior-stabilized design, cruciate-retaining design, and bi-cruciate-retaining design. The posterior-stabilized design segment is projected to grow at the fastest rate primarily due to inflammatory arthritis that causes late PCL rupture, previous patellectomy, and deficient or absent PCL, among others

Knee Arthroplasty Market by End User

The end-user segment can be classified into hospitals, orthopedic specialty centers, and Ambulatory Surgical Centers (ASC’s). The hospitals segment is projected to grow at the fastest rate owing to the overall growth in the number of hospitals globally. For instance, according to the American Hospital Association, the number of hospitals has grown from 5,564 in 2015 to around 6,210 in 2019, in the U.S. American Joint Replacement Registry (AJRR) enrolls hospitals that conduct joint replacement surgeries. AJRR showed an increase of up to 612 hospitals in 2015 as compared to 416 hospitals in 2014, to facilitate joint arthroplasty procedures. Moreover, in 2016, out of a total of 860,080 hip and knee procedures, around 59.3% of knee arthroplasty surgeries were conducted in the U.S.

Knee Arthroplasty Market by Regions

The global knee arthroplasty market can be segmented into North America, Europe, Asia Pacific, and the Rest of the World (ROW). Asia Pacific is expected to be the fastest-growing region due to an increasing aging population coupled with the rising prevalence of several knee disorders. North America accounted for the largest market share due to the rising demand for minimally invasive treatment and the technological advancements in knee arthroplasty devices along with new product launches in the region.

Knee Arthroplasty Market Prominent Players

Some of the key players operating in the global knee arthroplasty market include Zimmer Biomet, Stryker, B. Braun Melsungen AG, DePuy Synthes, Integra LifeSciences Corporation, Corin, Allegra, Arthrex, Inc, Exactech, Inc., and Wright Medical Group N.V., among others.