Knee Replacement Market Research Report By Type of Procedure (Total Knee Replacement, Partial Knee Replacement, Revision Knee Replacement), By Material (Metal Alloy, Ceramic, Polyethylene, Cemented, Cementless), By End User (Hospitals, Ambulatory Surgical Centers, Specialty Clinics), By Age Group (Under 50, 50-65, Above 65) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa)- Forecast to 2035

Knee Replacement Market Overview

As per MRFR analysis, the Knee Replacement Market Size was estimated at 9.71 (USD Billion) in 2023.The Knee Replacement Market Industry is expected to grow from 10.89(USD Billion) in 2024 to 31.2 (USD Billion) by 2035. The Knee Replacement Market CAGR (growth rate) is expected to be around 11.20% during the forecast period (2025 - 2035).

Key Knee Replacement Market Trends Highlighted

The Global Knee Replacement Market is undergoing substantial growth as a result of the rising incidence of knee-related diseases and conditions. The global demand for knee replacement surgeries is increasing due to factors such as an aging population, increased obesity, and an increase in road incidents. 

This increasing trend in orthopedic surgeries is further bolstered by the development of surgical techniques, materials, and technologies, which have the potential to improve patient outcomes and facilitate recovery. Furthermore, there is an increasing preference for minimally invasive procedures, which has resulted in a greater emphasis on the development of innovative surgical instruments and implant designs, thereby creating opportunities for market participants. 

The expansion of knee replacement surgeries in emergent markets presents significant opportunities. Despite the increasing demand for orthopedic procedures in regions such as the Asia-Pacific and Latin America, there is still a significant disparity in the availability of healthcare resources. Companies can capitalize on a growing market potential by investing in these regions and meeting the healthcare needs of the local population. 

The market may also experience growth as a result of government initiatives to enhance healthcare infrastructure and the introduction of cost-effective implants. Recent developments suggest a transition to personalized medicine, in which custom knee implants are being created based on the unique anatomy of each patient, thereby enhancing their fit and functionality.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Knee Replacement Market Drivers

Increasing Aging Population Globally

The increasing aging population significantly drives the Global Knee Replacement Market Industry. According to the World Population Prospects, by 2025, it is estimated that there will be approximately 1.2 billion individuals aged 60 years or older globally, which represents an increase from 900 million in 2015. 

This age demographic is more susceptible to knee degenerative diseases such as osteoarthritis, which leads to a higher demand for knee replacement surgeries.Organizations like the World Health Organization (WHO) note that osteoarthritis prevalence is rising among older adults, further boosting the necessity for knee replacements. This trend is resulting in heightened healthcare costs and an increasing patient population seeking orthopedic interventions, thus creating robust growth opportunities in the Global Knee Replacement Market Industry.

Advancements in Surgical Techniques and Technology

The Global Knee Replacement Market Industry is being propelled forward by advancements in surgical techniques and technologies, such as minimally invasive surgery and robotic-assisted surgeries. These innovations have been shown to improve post-operative outcomes significantly, including reduced hospital stays and faster recovery times. 

The American Academy of Orthopaedic Surgeons states that techniques like computer-assisted surgery now provide better alignment and implant positioning, which leads to enhanced patient satisfaction and outcomes. These technological enhancements make knee replacement procedures more appealing, hence leading to increased market demand on a global scale.

Rising Prevalence of Obesity

The rising prevalence of obesity worldwide is significantly contributing to the growth of the Global Knee Replacement Market Industry. The World Health Organization indicates that global obesity rates have nearly tripled since 1975, with more than 650 million adults classified as obese in 2016. Obesity is a significant risk factor for knee joint disorders, particularly osteoarthritis, leading to an increased incidence of knee replacements. Healthcare initiatives in various countries aimed at tackling obesity, including increased awareness and public health programs, are likely to drive more patients to opt for knee replacement surgeries, thus enhancing the market's growth trajectory.

Knee Replacement Market Segment Insights

Knee Replacement Market Type of Procedure Insights

The Global Knee Replacement Market, particularly within the Type of Procedure segment, is characterized by significant growth and demand across various subcategories. The market is segmented into Total Knee Replacement, Partial Knee Replacement, and Revision Knee Replacement, each playing a crucial role in addressing knee-related health issues. 

In 2024, the Total Knee Replacement segment is projected to hold a substantial value of 12.0 USD Billion, establishing itself as the majority holder within the market driven by an aging population and increased incidence of osteoarthritis and knee injuries.This segment dominated due to its comprehensive nature, providing complete surgical intervention for severe knee dysfunctions, thus illustrating its essential role in enhancing patients' quality of life.

The Partial Knee Replacement segment also presents notable significance, valued at 7.0 USD Billion in 2024. This procedure caters primarily to patients with minimal damage restricted to one compartment of the knee, offering a less invasive solution and quicker recovery times compared to total replacements, thereby appealing to a segment of the patient population seeking effective yet conservative surgical options.

Furthermore, the Revision Knee Replacement segment, valued at 4.47 USD Billion in the same year, plays a vital role in catering to patients requiring corrective procedures following previous surgeries. 

The increasing number of primary knee replacements, coupled with the growing necessity for revision surgeries influenced by implant wear or complications, supports its ongoing relevance in the market landscape. Collectively, these segments highlight the diverse procedural needs within the Global Knee Replacement Market, driven by advancements in surgical techniques, increasing awareness, and a growing geriatric population that necessitates effective knee health interventions.

The potential developments in minimally invasive strategies, coupled with technological innovations, provide opportunities to enhance patient outcomes, further supporting the market growth across these procedure types. Understanding the specific demands and characteristics of each procedure type aids in comprehensively analyzing the Global Knee Replacement Market statistics and identifying key trends and growth drivers while showcasing the market's resilience against challenges notably posed by evolving patient demographics and economic considerations.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Knee Replacement Market Material Insights

The Global Knee Replacement Market, mainly focusing on the Material segment, is a key area of interest due to its substantial contribution to the market's overall valuation, which is expected to reach 23.47 USD Billion in 2024. The segment comprises several types of materials, including Metal Alloy, Ceramic, Polyethylene, Cemented, and Cementless options, each serving a vital role in knee replacement procedures. 

Metal alloys, noted for their durability and strength, continue to dominate the market, ensuring long-lasting joint functionality.Ceramic materials are gaining popularity for their biocompatibility and aesthetics, making them a preferred choice in specific demographics. Polyethylene, known for its impact resistance and wear characteristics, contributes significantly to the longevity of knee implants. 

Additionally, the distinctions between cemented and cementless options reflect innovation in surgical techniques, with cementless implants providing the advantage of bone ingrowth, contributing to market growth. Overall, the diverse range of materials used in the Global Knee Replacement Market showcases the industry's commitment to addressing patient needs, improving outcomes, and emphasizing advancements in medical technology.

Knee Replacement Market End User Insights

The Global Knee Replacement Market is poised for substantial growth, reflecting a broader trend in healthcare as the global population ages and the prevalence of knee-related conditions rises. By 2024, the market is expected to reach a valuation of 23.47 USD Billion, with a diverse range of end users significantly contributing to this figure, including Hospitals, Ambulatory Surgical Centers, and Specialty Clinics. 

Hospitals play a crucial role in this segment, often serving as the primary venue for knee replacement surgeries due to their comprehensive facilities and integrated care teams.Ambulatory Surgical Centers provide an effective alternative, allowing for outpatient procedures that cater to the needs of patients seeking faster recovery. Specialty Clinics focusing exclusively on orthopedic disorders are gaining traction for their tailored approaches and expertise in knee surgery. 

Collectively, these end users are essential to accommodate the rising demand for knee replacement procedures, supporting the ongoing growth of the Global Knee Replacement Market. This segment is characterized by distinct market dynamics, driven by advancements in surgical techniques and increased patient awareness, creating abundant opportunities for growth in the industry.

Knee Replacement Market Age Group Insights

The Global Knee Replacement Market revenue shows significant segmentation across different age groups, reflecting the increasing prevalence of knee-related ailments among various demographics. By 2024, the overall market is expected to reach a valuation of 23.47 USD Billion, underscoring a robust growth trajectory. 

The age groups create diverse market dynamics, with individuals aged 50-65 presenting a substantial portion due to the onset of age-related conditions. Meanwhile, the above 65 category remains dominant, influenced mainly by the growing elderly population seeking joint-related health interventions.The under-50 age group, while smaller, is gaining attention, particularly as lifestyle-related injuries rise, contributing to early knee replacement surgeries. 

Increasing health awareness and technological advancements are driving market growth, while challenges such as surgery costs and post-operative recovery time exist. Overall, the Global Knee Replacement Market statistics indicate a healthy evolution across all age groups, with particular emphasis on the needs of the aging population, which calls for tailored treatment approaches and resources.

Knee Replacement Market Regional Insights

The Global Knee Replacement Market is poised for substantial growth across its regional segments, specifically in 2024 where it will be valued at 23.47 USD Billion. North America dominates the market, holding an impressive valuation of 9.5 USD Billion in 2024 and expected to reach 14.9 USD Billion by 2035, supported by advancements in surgical techniques and a high prevalence of knee-related disorders. 

Europe follows with a valuation of 6.3 USD Billion in 2024, projected to grow to 9.9 USD Billion, as the region emphasizes research and development in orthopedic solutions.APAC is also gaining traction, valued at 4.4 USD Billion in 2024, with a significant growth trajectory to 7.0 USD Billion, driven by increasing healthcare access and aging populations. While South America and the MEA regions are smaller segments, with valuations of 1.5 USD Billion and 1.77 USD Billion, respectively, in 2024, both are showing promising growth due to rising healthcare investments and improving medical infrastructures. 

This segmentation of the Global Knee Replacement Market highlights the diversity and potential for increased market growth across different regions, reflecting varying healthcare needs and technological advancements.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Knee Replacement Market Key Players and Competitive Insights

The Global Knee Replacement Market is characterized by a highly competitive landscape shaped by various factors including technological advancements, an aging population, and rising healthcare expenditures. Key players are constantly innovating to develop more effective solutions, which leads to ongoing enhancements in surgical techniques, implant materials, and rehabilitation processes.

The competition is not solely limited to product offerings but also includes strategic collaborations, partnerships, and mergers that enhance market positioning. Companies are focusing on strengthening their distribution networks, expanding their geographical reach, and utilizing robust marketing strategies to gain a competitive edge. As demand for knee replacement surgeries continues to grow due to increasing incidences of knee-related ailments, the competition among market players intensifies, driving further innovations and improvements in patient care.

Zimmer Biomet is a prominent entity in the Global Knee Replacement Market, recognized for its significant contributions to orthopedic solutions. The company boasts a wide portfolio of technologically advanced knee implant systems known for their durability, functionality, and patient compatibility. Zimmer Biomet's strengths lie in its established reputation for quality and innovation within the industry, supported by extensive research and development efforts that keep it at the forefront of knee replacement technology. 

The company also benefits from a strong global presence, enabling it to cater to diverse healthcare markets effectively. Its strategic collaborations and partnerships with healthcare institutions and professionals further enhance its ability to distribute products efficiently, thus maintaining a robust market share and influence.Smith and Nephew hold a noteworthy position in the Global Knee Replacement Market, offering a range of products designed for knee joint replacement surgeries that emphasize performance, patient comfort, and post-operative recovery. 

The company's key products include advanced knee implants and surgical instruments that are designed to meet a variety of patient needs. Smith and Nephew have established a strong global presence through an extensive distribution network, allowing it to reach healthcare providers across multiple regions effectively. 

The company capitalizes on its strengths in innovation and a commitment to improving surgical outcomes, reinforced by strategic mergers and acquisitions that expand its product offerings and market reach. These initiatives reflect a proactive approach to enhancing operational capabilities and market competitiveness, fostering Smith and Nephew's growth and resilience in the evolving landscape of knee replacement solutions.

Key Companies in the Knee Replacement Market Include

• Zimmer Biomet


• Smith and Nephew


• DePuy Synthes


• RTI Surgical


• Alphaeon Corporation


• Exactech


• Wright Medical Group


• Stryker


• DJO Global


• ConMed


• Medtronic


• B. Braun


• Ottobock


• Aesculap


• Hanger Clinic

Knee Replacement Market Industry Developments

The Global Knee Replacement Market has recently experienced significant developments, driven by technological advancements and a growing aging population that increasingly demands orthopedic solutions. Notably, Zimmer Biomet and Stryker have been leading innovations in minimally invasive surgical techniques, enhancing recovery times and reducing patient discomfort. 

Current affairs indicate a rise in partnerships and strategic collaborations among major players, such as Stryker's collaboration with Hanger Clinic, aimed at advancing prosthetic solutions. In terms of mergers and acquisitions, DePuy Synthes acquired the portfolio of a notable orthopedic device company in March 2023, further consolidating its market position. 

Additionally, RTI Surgical made headlines by acquiring a regenerative medicine company, extending its product line in April 2023. Over the past two to three years, the market has witnessed a steady growth trajectory, with a projected valuation increase, demonstrating the ongoing demand for knee replacement surgeries and advanced orthopedic technologies. This growth is further fueled by increasing healthcare expenditures globally and emphasizes the need for enhanced mobility solutions following knee-related health issues.

Knee Replacement Market Segmentation Insights

Knee Replacement Market Type of Procedure Outlook

• Total Knee Replacement


• Partial Knee Replacement


• Revision Knee Replacement

Knee Replacement Market Material Outlook

• Metal Alloy


• Ceramic


• Polyethylene


• Cemented


• Cementless

Knee Replacement Market End User Outlook

• Hospitals


• Ambulatory Surgical Centers


• Specialty Clinics

Knee Replacement Market Age Group Outlook

• Under 50


• 50-65


• Above 65

Knee Replacement Market Regional Outlook

• North America


• Europe


• South America


• Asia Pacific


• Middle East and Africa

Report Attribute/Metric Source:	Details
MARKET SIZE 2023	9.71(USD Billion)
MARKET SIZE 2024	10.89(USD Billion)
MARKET SIZE 2035	31.2(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)	11.20% (2025 - 2035)
REPORT COVERAGE	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR	2024
MARKET FORECAST PERIOD	2025 - 2035
HISTORICAL DATA	2019 - 2024
MARKET FORECAST UNITS	USD Billion
KEY COMPANIES PROFILED	Zimmer Biomet, Smith and Nephew, DePuy Synthes, RTI Surgical, Alphaeon Corporation, Exactech, Wright Medical Group, Stryker, DJO Global, ConMed, Medtronic, B. Braun, Ottobock, Aesculap, Hanger Clinic
SEGMENTS COVERED	Type of Procedure, Material, End User, Age Group, Regional
KEY MARKET OPPORTUNITIES	Aging population increase, Advancements in implant technology, Rising demand for minimally invasive procedures, Growing prevalence of knee disorders, Expansion in emerging markets
KEY MARKET DYNAMICS	rising geriatric population, increasing prevalence of osteoarthritis, technological advancements in implants, growing healthcare expenditure, rising awareness of joint health
COUNTRIES COVERED	North America, Europe, APAC, South America, MEA