790,000
total knee replacements, yearly
Market value
2022 - $10.34 billion
2023 - $10.93 billion
2031 - $16.99 billion
Growth rate to 2031 - 5.67% (CAGR)
Largest segment
Fixed-bearing implants
Fastest growth
Mobile-bearing implants
FYI
According to the Arthritis Foundation, around 1 million people in the United States have symptomatic knee osteoarthritis.
According to the BMJ Journal, being overweight or obese raised the incidence of knee osteoarthritis 2.5x to 4.6x compared to being normal weight.
An aging population and increased desire for less invasive surgical procedures are likely to fuel strong growth rate in the coming years.
The partial knee arthroplasty sector is expected to grow at a substantial CAGR during the forecast period because of prominent market players involved in developing innovative partial knee implants.
Market leaders
Stryker Corp.
Zimmer Biomet Holdings Inc.
Smith & Nephew plc
Johnson & Johnson (DePuy Synthes)
Medacta Int’l SA
MicroPort Scientific Corp.
DJO Global Inc.
Exactech Inc.
ConforMIS Inc.
Arthrex Inc.
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