Total Knee Arthroplasty Market Poised to Grow at a Robust Pace Due to Rising Geriatric Population

Total Knee Arthroplasty Market


Total Knee Arthroplasty, also known as total knee replacement, refers to reconstruction or resurfacing of the weight-bearing surfaces of the knee joint. It involves replacement of worn or damaged cartilage surfaces with prosthetic components. Knee arthroplasty is generally recommended for advanced osteoarthritis of the knee or in some fractures which cannot be managed through other therapies. The global knee arthroplasty Market is driven by the increasing geriatric population which is more susceptible to knee disorders such as arthritis. The demand for knee arthroplasty procedures is also growing owing to advantages like reduced pain, improved mobility and flexibility post-surgery. Moreover, the availability of innovative products featuring advanced technologies is positively impacting the Market growth.

The Global Total Knee Arthroplasty Market is estimated to be valued at US$ 10889.08 Mn in 2024 and is expected to exhibit a CAGR of 6.1% over the forecast period from 2024 to 2031.

Key Takeaways:

Key players: The key players operating in the Total Knee Arthroplasty Market are Depuy Synthes (Johnson & Johnson), Zimmer Biomet Holdings, Inc., MicroPort Scientific Corporation, Conformis Inc., Corin Group, Exactech Inc., DJO LLC. (Colfax Corporation), Medacta International, Smith & Nephew plc, Stryker Corporation, Baumer SA, SurgTech Inc., and Meril Life Sciences Pvt. Ltd.

Key opportunities: The growing demand in developing countries owing to changing lifestyle and increasing healthcare expenditure presents significant opportunities for Total Knee Arthroplasty Market Growth players. Rising medical tourism in countries like India and China for lower cost knee replacement surgeries is another growth area.

Global Expansion: Major players in the Market are focusing on global expansion initiatives to strengthen their presence across high potential Markets. Strategic collaborations and agreements are helping companies augment manufacturing capabilities and distribution networks worldwide.

Market Drivers: The rising geriatric population globally is a major Market driver. According to the World Health Organization, the number of people aged 60 years and older is expected to reach 2 billion by 2050 from 126.5 billion in 2025. This demographic is more prone to joint ailments requiring knee replacement procedures.

Market Restraint: High cost of knee arthroplasty procedures and lengthy post-surgery rehabilitation period are some of the major challenges hampering widespread adoption, especially in developing nations. Availability of alternative treatments also restrains Market growth to some extent.

Segment Analysis
The Total Knee Arthroplasty Market is dominated by the fixed-bearing knee replacement sub-segment. These knee replacements are affordable and provide comparatively more stability and durability than mobile-bearing knee replacements. While still less popular than fixed bearings, mobile-bearing knee replacements are experiencing growing demand as they imitate the natural movement of the knee joint better. These implants provide improved range of motion to the patient post-surgery and tend to have lower wear rates.

The American and European regions collectively account for around 65% of the Total Knee Arthroplasty Market share. North America dominates the Total Knee Arthroplasty Market owing to the high prevalence of knee replacement surgeries in the United States. This is because of factors such as the increasing geriatric population, growing obesity rates, which increases the risk of developing osteoarthritis. Additionally, favorable reimbursement policies and presence of top knee replacement manufactures in the US positively influence the Market growth. The Asia Pacific region is projected to register exponential growth during the forecast period due to rising healthcare expenditure, increasing disposable incomes, and evolving regulatory framework. Moreover, the growing medical tourism industry in countries such as India, Thailand, and Malaysia is expected to boost the demand for knee replacement surgery in Asia Pacific.

Get More Insights on Total Knee Arthroplasty Market

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