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Rising Prevalence Of Orthopedic Disorders Propels Growth In The Knee Implants Market

• Orthopedic Disorders: Catalysts for Market Expansion
• The Impact of Arthritis: A Statistical Insight
• Major Players in the Knee Implants Market

The increasing prevalence of orthopedic disorders is expected to boost the growth of the knee implants market going forward. Orthopedic disorder refers to illness or injury to the musculoskeletal system, which includes the bones, joints, muscles, tendons, and ligaments. People with orthopedic conditions can decrease pain and incapacity by replacing the damaged knee joint surfaces with knee implants; hence, the increasing prevalence of orthopedic disorders is expected to boost the knee implant market. For instance, according to a report published by the Centers for Disease Control and Prevention, a US-based national public health institute, in 2023, 25.9% of the projected total adult population, or 78.4 million individuals aged 18 and older, are anticipated to have arthritis by 2040. A further 34.6 million individuals (43.2% of arthritis-affected adults or 11.4% of all US adults) are predicted to experience activity limits related to arthritis by the year 2040. Therefore, the increasing prevalence of orthopedic disorders is driving the growth of the knee implants market.

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Pioneering Smart Knee Implant In The Knee Implants Market

• Technological Advancements: Driving Market Trends
• Zimmer Biomet’s Persona IQ: A Breakthrough in Knee Implant Technology
• Smith+Nephew’s Acquisition of Engage Surgical: Strengthening Market Presence

Technological advancements are a key trend gaining popularity in the knee implants market. Major companies operating in the knee implants market are focusing on developing new technologies to sustain their position in the market. For instance, in August 2021, Zimmer Biomet, a US-based medical technology company, and Canary Medical Inc., a US-based medical data company, launched the Persona IQ knee implant, the world’s first and only smart knee implant for total knee replacement surgery. Persona IQ’s unique feature is that it combines Zimmer Biomet’s proven and trusted knee implant, Persona The Personalized Knee, with Canary Medical’s proprietary implantable canturio te tibial extension sensor technology that measures and determines range of motion, step count, walking speed, and other gait metrics.

In January 2022, Smith+Nephew, a UK-based medical technology company, acquired Engage Surgical for $135 million. Through the acquisition, Smith+Nephew is expected to expand its robotics and real-time intelligence capabilities, which help partial knee operations by providing accurate alignment. The acquisition is anticipated to help Smith+Nephew expands its market share in the US and other markets. Engage Surgical is a US-based knee implant maker, and the company has designed the only available cementless partial knee system in the US.

Segmentation of the Knee Implants Market

• Product Segmentation: Total, Partial, Revision Knee Replacements
• Component Types: Fixed-Bearing vs. Mobile-Bearing Implants
• Materials: Stainless Steel, Cobalt-Chromium Alloys, Titanium Alloys, Polyethylene, Ceramics, Others
• Fixation Types: Cemented, Cementless, Hybrid
• End Users: Hospitals, Orthopedic Clinics, Ambulatory Surgical Centers

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

Regional Insights and Future Outlook

• North America: Leading Region in 2023
• Asia-Pacific: Fastest-Growing Region in the Forecast Period
• Predictions for the Knee Implants Market: 2024 and Beyond

The knee implants market size has experienced substantial growth in recent years and is expected to continue expanding. With technological innovations, demographic shifts, and increasing healthcare expenditures, the knee implants market is poised for further development, catering to the needs of patients worldwide. As we move into the future, the integration of smart technologies, personalized implants, and advancements in surgical techniques will shape the landscape of knee replacement surgeries, offering enhanced outcomes and improved patient experiences.

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