Future Outlook of the Knee Implants Market: Growth, Trends, and Emerging Opportunities Explored
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What is the Expected Growth Rate of the Knee Implants Market Based on Industry Projections?
In recent times, there has been a consistent growth in the knee implants market size. It is projected to increase from $11.64 billion in 2024 to $12.18 billion in 2025, registering a compound annual growth rate (CAGR) of 4.7%. Factors contributing to this growth during the historical period include the surge in the elderly population, the widespread occurrence of osteoarthritis, advancements in materials used for implants, the rising acceptance of minimally invasive surgeries, and programs aimed at patient awareness and education.
The knee implants market is projected to experience significant expansion in the upcoming years, climbing to “$15.73 billion in 2029 with a CAGR of 6.6%. This upward trend during the forecast period is largely due to the emergence of personalized and tailored implants, increased sports-related injuries, growth in global health spending, advancements in robotics-assisted surgery, escalating obesity rates, and a focus on outpatient and ambulatory surgical centers. Key trends anticipated for the forecast period encompass patient-specific implants, minimally invasive surgery (mis), intelligent implants with IoT integration, compatible materials and surface technologies, and outpatient knee replacement procedures.
What External and Internal Drivers Are Contributing to the Growth of the knee implants Market’s Growth?
The growth of the knee implants market is expected to be spurred by the escalating occurrence of orthopedic disorders. The term orthopedic disorder pertains to diseases or damages affecting the musculoskeletal system, comprised of bones, joints, muscles, tendons, and ligaments. Individuals suffering from such conditions can alleviate pain and disability through knee joint surface replacement with knee implants. Consequently, the expected rise in orthopedic disorders is projected to stimulate the knee implant market. As per a report by the Centers for Disease Control and Prevention, a public health institution based in the US, it is estimated that come 2023, 78.4 million individuals, accounting for 25.9% of the projected total adult population aged 18 and above, are likely to have arthritis by 2040. An additional 34.6 million individuals (representing 43.2% of adults affected by arthritis or 11.4% of all US adults) are expected to face activity restrictions linked to arthritis by 2040. Hence, the escalating occurrence of orthopedic disorders is propelling the growth of the knee implants market.
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What Companies Are At the Forefront of Innovation in the Knee Implants Market?
Major companies operating in the knee implants market include:
• Johnson & Johnson Services Inc._x000D_
• Zimmer Biomet_x000D_
• Stryker Corporation_x000D_
• Smith+Nephew PLC_x000D_
• Aesculap Inc._x000D_
How Are Emerging Trends in Consumer Behavior Affecting the Knee Implants Market?
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What Are the Strategic Segments Comprising the Knee Implants Market and Their Growth Contributions?
The knee implants market covered in this report is segmented –
1) By Product: Total Knee Replacement, Partial Knee Replacement, Revision Knee Replacement
2) By Component Type: Fixed-Bearing Implants, Mobile-Bearing Implants
3) By Material: Stainless Steel, Cobalt-Chromium Alloys, Titanium Alloys, Polyethylene, Ceramics, Other Materials
4) By Fixation Type: Cemented, Cementless, Hybrid
5) By End User: Hospitals And Orthopedic Clinics, Ambulatory Surgical Centers, Other End Users
Subsegments:
1) By Total Knee Replacement: Fixed-Bearing Implants, Mobile-Bearing Implants, Gender-Specific Implants
2) By Partial Knee Replacement: Medial Unicompartmental Knee Replacement, Lateral Unicompartmental Knee Replacement, Patellofemoral Replacement
3) By Revision Knee Replacement: Revision Of Total Knee Replacement, Revision Of Partial Knee Replacement, Augmented Revision Implants
What Regions Are Propelling Growth in the Knee Implants Industry?
North America was the largest region in the knee implant market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global knee implants market report during the forecast period. The regions covered in the knee implants market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Key Parameters Define the Knee Implants Market’s Scope?
Knee implants refer to a type of knee replacement surgery that involves replacing specific damaged or worn-out knee joint elements. The procedure may improve the knee’s functionality and reduce pain. A knee implant is a type of prosthetic created by humans, which is used to mimic the movements and functioning of a healthy human knee.
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