Contact Us
Phase-Xs | Biologics & Biosimilars | Coherent Market Insights
  • Choose License Type

Global Total Knee Arthroplasty Market, by Device Type (Three-compartmental Knee Implants, Bi-compartmental Knee Implants, and Uni-compartmental Knee Implants), by Procedure (Primary Knee Replacement, Revision Knee Replacement, and Partial Knee Replacement), by Implant Type (Fixed-bearing Implants, Mobile-bearing Implants, and Medial Pivot Implants), by Material (Metal-on-Plastic, Ceramic-on-Ceramic, and Metal-on-Metal), by End User (Hospital, Orthopedic Clinics, and Ambulatory Surgery Centers), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa), is estimated to be valued at US$ 8,739.2 million in 2021, and is expected to exhibit a CAGR of 4.0% during the forecast period (2021-2028).

The increasing number of knee arthroplasty procedures is expected to drive growth of the global total knee arthroplasty market during the forecast period. For instance, according to the study ‘Rates of Total Joint Replacement in the U.S.: Future Projections to 2020-2040 Using the National Inpatient Sample’ published in the Journal of Rheumatology in 2019, the number of total knee arthroplasty in the U.S., is estimated to increase by 110%, 182%, and 401% in 2025, 2030, and 2040 respectively.

Market players are engaged in inorganic activities such as collaboration of companies, which is expected to drive growth of the total knee arthroplasty market. For instance, in 2020, Total Joint Orthopedics (TJO), a manufacturer which provides high-​quality, efficient implants for hip and knee replacement, entered into a collaboration with THINK Surgical, Inc., a company which manufactures latest joint replacement techniques and tools. Under the terms of the collaboration agreement, THINK Surgical, Inc. would develop software, which would allow TJO's Klassic Knee System to be implanted using TSolution One Total Knee Application, which is a product of THINK Surgical, Inc. Moreover, both the companies will co-market the product after the product receives 510(k) clearance from the U.S. Food and Drug Administration (U.S. FDA).

Global Total Knee Arthoplasty Market - Impact of Coronavirus (COVID – 19) Pandemic

COVID-19 outbreak was first reported on December 31, 2019 in Wuhan, China. For instance, according to the Coronavirus (COVID-19) Weekly Epidemiological Update by the World Health Organization, over 177 million cases and 3.8 million deaths due to Coronavirus (COVID-19) were reported up till June 20, 2021 across the globe.

The COVID-19 pandemic has affected several markets across the globe and is also expected to hamper the demand and supply in global total knee arthroplasty market. The COVID-19 pandemic has affected the demand and supply of the global total knee arthroplasty market in three main ways; by directly affecting the production and demand; by creating disruptions in distribution channels; and by its financial impact on firms and financial markets. Supply chain and manufacturing activities of total knee arthroplasty in India, China, and the U.S. are disrupted due to nationwide lockdowns. Whereas, countries such as Saudi Arabia, UAE, Egypt, and others are facing problems with regards to transportation of drugs from one place to another.

COVID-19 pandemic has resulted in halt and delay of many surgery procedures out of which total knee arthroplasty is one such surgery. For instance, according to a study published in Multidisciplinary Digital Publishing Institute (MDPI), in April 2021, the total number of knee arthroplasty procedures performed in Poland during March 4, 2020 and October 15, 2020, decreased by 43.86% in comparison with the number of knee arthroplasties conducted in the corresponding period in 2019 (March 4, 2019 and October 15, 2019). Thus, COVID-19 pandemic is expected to limit growth of the total knee arthroplasty market globally.

Browse 75 Market Data Tables and 25 Figures spread through 315 Pages and in-depth TOC on Global Total Knee Arthroplasty Market, by Device Type (Three-compartmental Knee Implants, Bi-compartmental Knee Implants, and Uni-compartmental Knee Implants), by Procedure (Primary Knee Replacement, Revision Knee Replacement, and Partial Knee Replacement), by Implant Type (Fixed-bearing Implants, Mobile-bearing Implants, and Medial Pivot Implants), by Material (Metal-on-Plastic, Ceramic-on-Ceramic, and Metal-on-Metal), by End User (Hospital, Orthopedic Clinics, and Ambulatory Surgery Centers), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)

To know the latest trends and insights prevalent in the Global Total Knee Arthroplasty Market, click the link below:

 https://www.coherentmarketinsights.com/market-insight/total-knee-arthroplasty-market-4635

Moreover, launch of new products for knee replacement therapy is expected to drive growth of global total knee arthroplasty market. For instance, in May 2020, Smith & Nephew, a U.K.-based medical equipment manufacturing company announced the launch of its new JOURNEY II Uni-compartmental Knee (UK) System. JOURNEY II Uni-compartmental Knee (UK) System is a metal alloy, which is hard, smooth, and scratch resistant, which makes good fit for hip and knee implants.

Key Takeaways of the Total Knee Arthroplasty Market:

  • The global total knee arthroplasty market is expected to exhibit a CAGR of 4.0% over the forecast period (2021-2028). North America is expected to account for major market share followed by Europe, over the forecast period (2021-2028), owing to rising number of product launches and approvals. For instance, in November 2019, Medacta International, a global orthopaedics company announced the company had received 510k clearance from the U.S. Food and Drug Administration (FDA) for the GMK Sphere – Kinematic Alignment instrumentation and surgical technique for total knee replacement (TKR). This is expected to boost the market growth of total knee arthroplasty over the forecast period.
  • Some of the major players in the global total knee arthroplasty market include Depuy Synthes (Johnson & Johnson), Zimmer Biomet Holdings, Inc., MicroPort Scientific Corporation, Conformis Inc., Corin Group, Exactech Inc., DJO LLC. (Colfax Corporation), Medacta International, Smith & Nephew plc, Stryker Corporation, Baumer SA, SurgTech Inc., and Meril Life Sciences Pvt. Ltd.
Existing Clientele

Joining thousands of companies around the world committed to making the Excellent Business Solutions.

View All Our Clients

Our Trusted Patner

Subscribe Newsletter

Kindly Subscribe for our latest news & articles.