Knee Replacement Implants Market: Current Analysis and Forecast (2022-2028)

Report Description

The Knee Replacement Implants market is expected to grow at a strong CAGR of around 4.7% during the forecast period owing to the burgeoning old-age population, the rising prevalence of various knee-associated musculoskeletal disorders such as osteoarthritis, rheumatoid arthritis, psoriatic arthritis, and others.

Knee replacement implants are medical devices used in knee replacement surgery to replace the damaged or diseased knee joint with an artificial joint. Knee replacement surgery is typically performed on patients who have severe knee pain and limited mobility due to conditions such as osteoarthritis, rheumatoid arthritis, or injury. Knee replacement surgery is a major procedure that involves removing the damaged or diseased parts of the knee joint and replacing them with the artificial joint. The knee replacement implants market is constantly evolving, with new and advanced technologies being developed to improve the performance and longevity of knee implants. This has led to increased demand for newer and more advanced implants. For instance, in July 2021, DePuy Synthes launched the robotic-assisted knee surgery solution “VELYS” in Australia to help hospitals and surgeons improve patient outcomes and advance the sustainability of Australia’s healthcare system. VELYS is intended to be used with the company’s ATTUNE Knee System for total knee arthroplasty.

Some of the major players operating in the market include Zimmer Biomet, Stryker, Smith & Nephew, Exatech Inc., DePuy Synthes (Johnson & Johnson), Microport Scientific Corporation, B. Braun Melsungen AG, Meril Life Sciences Pvt. Ltd., DJO Global, Medacta International. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report

“Amongst product type, the partial replacement systems segment will have a significant CAGR during the forecast period”

Based on product type, the market is segmented into total replacement systems, partial replacement systems, and knee revision systems. Amongst these, the partial replacement systems segment will have a significant CAGR during the forecast period. This is because it replaces only the damaged portion of the knee joint with an implant, rather than the entire joint. Partial replacement systems are typically recommended for patients who have osteoarthritis or other degenerative conditions affecting only one part of the knee joint. Partial replacement systems is a less invasive procedure than total knee replacement, as it involves smaller incisions and less bone removal. This can lead to less pain, shorter hospital stays, and faster recovery times for patients.

“Amongst implant type, the fixed bearing implants segment will have a significant CAGR during the forecast period”

By implant type, the market is segmented into fixed bearing implants, mobile bearing implants, and medial pivot implants. Among these, fixed bearing implants segment will have a significant CAGR during the forecast period. Fixed-bearing implants provide good stability to the knee joint, which can improve the patient’s ability to walk, stand, and perform daily activities. The fixed joint helps to prevent the implant from shifting or rotating, which can lead to instability or dislocation, thereby contributing to the growth of the knee replacement implants market.

Knee Replacement Implants Market Report Coverage

“North America dominated the knee replacement implants market in 2021”

North America dominated the knee replacement implants market in 2021 due to the presence of advanced healthcare systems in the region along with an increase in healthcare spending. Moreover, adequate reimbursement policies are the driving factors. In addition, a surge in arthroplasty procedures from the past decade is also projected to increase the market for knee reconstruction and replacement devices in the region. According to the 2020 annual report of the American Joint Replacement Registry, approximately 995,410 total knee arthroplasty procedures were performed whereas 75,489 knee revision arthroplasty was performed between the years 2012-2019.

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:

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Research Methodology

Research Methodology for the Knee Replacement Implants Market Analysis (2022-2028)

Analyzing the historical market, estimating the current market, and forecasting the future market of the global knee replacement implants market were the three major steps undertaken to create and analyze the adoption of knee replacement implants in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global knee replacement implants market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the knee replacement implants market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the knee replacement implants market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as product type, implant type, fixation, and end-user. Further country-level analyses were conducted to evaluate the overall adoption of knee replacement implants in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the knee replacement implants market. Further, we conducted factor analysis using dependent and independent variables such as product type, implant type, fixation, and end-user of the knee replacement implants market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the knee replacement implants market sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global knee replacement implants market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of revenue (USD) and the adoption rate of the knee replacement implants market across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the global knee replacement implants market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global knee replacement implants market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of the product type, implant type, fixation, and end-user in the global knee replacement implants market.

The Main Objective of the Global Knee Replacement Implants Market Study

The current & future market trends of the global knee replacement implants market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the knee replacement implants market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
• Segments in the study include areas of the product type, implant type, fixation, and end-user
• Define and analysis of the regulatory framework for the knee replacement implants industry
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
• Analyze the current and forecast market size of the knee replacement implants market for the major region
• Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
• Company profiles of the knee replacement implants market and the growth strategies adopted by the market players to sustain in the fast-growing market
• Deep dive regional level analysis of the industry

You can also purchase parts of this report. Do you want to check out a section wise
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