Knee Implants Market Trends, Growth Statistics, Size, Share, Revenue and Forecast 2032

Report Overview
The global knee implants market size was valued at USD 10.7 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.7% from 2022 to 2032. The growing popularity of minimally invasive procedures and the increased incidence of arthritis are both responsible for this expansion. These elements are projected to accelerate market expansion throughout the forecast period by increasing the usage of replacement devices. Approximately 654 million individuals globally have knee osteoarthritis (OA) in 2020, according to the Lancet Publications. Since older persons are more likely to experience knee-related problems, the necessity for knee surgeries and, consequently, the demand for these implants, will increase as the senior population develops.

According to estimates, the growth will be boosted by the growing usage of pain medications for age-related joint issues and other complications brought on by co-occurring conditions including obesity and diabetes. However, the expansion is anticipated to be hampered by strict government rules and regulations for medical device approvals as well as an increase in product defect cases. Untapped development potential in the quickly expanding economies of Asia and Latin America as well as rising consumer awareness of knee implants are anticipated to be positive factors for the market. Therefore, in order to gain the largest market share, manufacturers are concentrating on seizing chances in developing economies.

Knee implantation is a surgical procedure in which artificial implants are used to replace the knee's damaged bone and cartilage and reconstruct the joint's surface. Strong plastic parts, metal alloys, or ceramic materials are typically used to make knee implant components. The procedure used to implant a knee is referred to as arthroplasty. Kneecap replacement, partial knee replacement, complicated knee replacement, and total knee replacement are the four primary forms of arthroplasty.

The surface of the thigh bone and the shin that are attached to the knee are both replaced during a total knee replacement. Where one side of the knee is damaged, a minor cut can be used to conduct partial or uni-compartmental knee replacement. Knee implantation uses a variety of fixation techniques, including as hybrid fixation, cementless fixation, and cemented fixation, to join knee implants to the bone. In a cemented fixation, a quick-curing bone cement, such as polymethylmethacrylate, is used to hold the implants in place. In contrast, the implants in a cementless fixation are press-fit onto the bone to promote new bone formation.

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Market Segmentations:
Global Knee Implants Market: Major Players
Zimmer Biomet Holding Inc.
DJO Surgical
DePuy
Stryker
Exactech
Smith & Nephew
Medtronic
Becton Dickinson
Johnson & Johnson
B. Braun

Global Knee Implants Market: Types
Stainless Steel
Cobalt-chromium Alloys
Titanium and Titanium Alloys
Polyethylene
Ceramics
Other

Global Knee Implants Market: Applications
Hospitals
Specialized Orthopedic Clinics
Ambulatory Surgical Centers
Others

Global Knee Implants Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Knee Implants market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America

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The Knee Implants Market is thoroughly examined in this report, which also includes evaluations of business solutions, research and advancements, applications, advantages, benefits, and breadth. The market's notable successes, research and improvements, new product debuts, a local boom, tough competition against the norm, and local scale are all included in this study. The producer advice sales, proportion, supply, opportunity, challenges, and improvement barriers are all highlighted in the company report analysis and insights.
One of the main reasons influencing the market growth is an increase in the prevalence of chronic diseases and people's lifestyle choices, along with the growing elderly population. The top pharmaceutical firms are also concentrating on the creation of a novel and ground-breaking product that uses robot-assisted surgeries, which is likely to cater to a sizable portion of the population through personalised implants and offer a long-lasting improvement in their knee functionality. Global demand for knee implants is projected to increase as a result during the forecast period.

COVID-19 Impact Analysis Knee Implants Market
Due to widespread surgical restrictions and cancelled implant procedures, the COVID-19 outbreak caused major revenue losses for the orthopaedic and medical device industries. In order to lessen the chance of cross-infection, the hospital sector decided to undertake fewer elective procedures, which may pose a risk to the medical staff. During the pandemic, some surgeries had to be delayed due to the possibility of cross-infection. The rapid decline in employment caused by the pandemic, which affected people's disposable cash, had a significant influence on the market for knee replacement surgery. The government's restrictions and bans on medical procedures and elective surgeries posed a significant barrier to the restoration of elective knee arthroplasty services. A number of hospitals and ambulatory service centres also resumed offering elective arthroplasty services to patients in December 2020 while taking all required precautions following the epidemic.

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Frequently Asked Questions About This Report
• How big is the knee implants market?
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