Knee Replacement Market to Hit USD 24.20 Billion by 2032

Posted 2025-12-30 04:31:58

“According to a new report published by Introspective Market Research, Knee Replacement Market by Product Type, Procedure, and End User, The Global Knee Replacement Market Size Was Valued at USD 9.75 Billion in 2023 and is Projected to Reach USD 24.20 Billion by 2032, Growing at a CAGR of 10.63%.”

The knee replacement market comprises surgical procedures and implant devices used to replace damaged knee joints caused by osteoarthritis, rheumatoid arthritis, trauma, or degenerative joint diseases. Knee replacement surgeries significantly improve mobility, reduce chronic pain, and enhance the quality of life for patients suffering from severe joint deterioration. Advancements in implant materials, surgical techniques, and postoperative care have strengthened the adoption of knee replacement procedures globally.

Rising life expectancy, increasing prevalence of osteoarthritis, and growing awareness regarding joint replacement surgeries are major contributors to market expansion. The demand for minimally invasive procedures, customized implants, and robotic-assisted surgeries is accelerating innovation within the industry. Moreover, improvements in healthcare infrastructure and reimbursement policies in emerging economies are supporting market penetration.

Market Segmentation

The Knee Replacement Market is segmented into Product Type, Procedure, and End User.
By Product Type, the market is categorized into Total Knee Replacement, Partial Knee Replacement, and Revision Knee Replacement.
By Procedure, the market is categorized into Traditional Surgery, Minimally Invasive Surgery, and Computer-Assisted Surgery.
By End User, the market is categorized into Hospitals, Orthopedic Clinics, and Ambulatory Surgical Centers.

Growth Driver

The primary growth driver of the knee replacement market is the rising incidence of osteoarthritis and age-related joint disorders worldwide. An aging population, combined with sedentary lifestyles and obesity, has significantly increased the burden of knee-related conditions. Additionally, technological advancements such as robotic-assisted surgeries, patient-specific implants, and improved biomaterials have enhanced surgical outcomes and reduced recovery time. These innovations have boosted patient confidence and physician adoption, driving market growth across both developed and emerging regions.

Market Opportunity

Growing demand for minimally invasive and robotic-assisted knee replacement procedures presents a major market opportunity. These advanced techniques offer reduced hospital stays, lower postoperative complications, and faster rehabilitation. Furthermore, expanding healthcare access in emerging economies, coupled with increasing medical tourism and favorable reimbursement policies, is creating new growth avenues. Manufacturers investing in cost-effective implants and advanced surgical technologies are well-positioned to capitalize on the rising global demand.

Detailed Segmentation

Knee Replacement Market, Segmentation

The Knee Replacement Market is segmented on the basis of Product Type, Procedure, and End User.

Product Type

The Product Type segment is further classified into Total Knee Replacement, Partial Knee Replacement, and Revision Knee Replacement. Among these, the Total Knee Replacement sub-segment accounted for the highest market share in 2023. This dominance is attributed to the high prevalence of advanced osteoarthritis cases requiring complete joint replacement. Total knee replacement offers long-term pain relief, improved mobility, and durability, making it the preferred option among surgeons and patients globally.

Procedure

The Procedure segment is further classified into Traditional Surgery, Minimally Invasive Surgery, and Computer-Assisted Surgery. Among these, the Minimally Invasive Surgery sub-segment accounted for the highest market share in 2023. The growth of this sub-segment is driven by reduced tissue damage, faster recovery times, shorter hospital stays, and improved cosmetic outcomes, which have increased patient acceptance and surgeon preference.

Some of The Leading/Active Market Players Are-

• Zimmer Biomet (USA)
• Stryker Corporation (USA)
• DePuy Synthes – Johnson & Johnson (USA)
• Smith & Nephew (UK)
• Medtronic plc (Ireland)
• Exactech Inc. (USA)
• MicroPort Scientific Corporation (China)
• Corin Group (UK)
• B. Braun Melsungen AG (Germany)
• Conformis Inc. (USA)
• Arthrex Inc. (USA)
• DJO Global (USA)
• United Orthopedic Corporation (Taiwan)
• Waldemar Link GmbH & Co. KG (Germany)
• LimaCorporate (Italy)
and other active players.

Key Industry Developments

In March 2024, a leading orthopedic manufacturer launched an advanced robotic-assisted knee replacement system designed to enhance surgical precision and patient outcomes.
The system integrates AI-based planning tools and real-time feedback, enabling surgeons to perform highly accurate procedures while reducing postoperative complications and recovery time.

In September 2023, a major player expanded its knee implant portfolio with patient-specific implants tailored using 3D imaging technology.
This development aims to improve implant fit, reduce revision rates, and enhance long-term mobility, strengthening the company’s competitive position in the global market.

Key Findings of the Study

• Total knee replacement dominated the product segment
• Minimally invasive surgery emerged as the leading procedure
• North America held the largest regional market share
• Rising osteoarthritis prevalence is the key growth driver
• Technological advancements are shaping market trends

About Us

At Introspective Market Research Private Limited, we are a forward-thinking research consulting firm committed to driving growth in the Knee Replacement Market. With deep insights, strategic solutions, and holistic research, we empower businesses to achieve success and dominance in the global Knee Replacement Market industry.

More Info:- https://introspectivemarketresearch.com/reports/knee-replacement-market/