The Knee Replacement Market Size was valued at USD 10.77 billion in 2022 and is expected to reach USD 15.32 billion by 2030, and grow at a CAGR of 4.5% over the forecast period 2023-2030.

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The knee replacement market is a rapidly growing sector within the healthcare industry. With an aging population and increasing prevalence of knee-related conditions such as osteoarthritis, the demand for knee replacement surgeries is on the rise.

Advancements in medical technology have significantly improved the success rates and outcomes of knee replacement procedures. The development of innovative implant materials, such as titanium and ceramic, has enhanced durability and longevity, allowing patients to enjoy a better quality of life for longer periods.

Moreover, minimally invasive surgical techniques have gained popularity in recent years. These procedures involve smaller incisions, reduced trauma to surrounding tissues, and faster recovery times. As a result, more patients are opting for knee replacements earlier in their disease progression, leading to an expansion of the market.

KEY MARKET SEGMENTS

By Component Type

  • Mobile-bearing Implants
  • Fixed-bearing Implants

By Procedure Type

  • Primary Knee Replacement
  • Revision Knee Replacement
  • Cemented Knee Replacement
  • Partial Knee Replacement
  • Cementless Knee Replacement

By End Users

  • Hospitals
  • Ambulatory Surgical Centers

Major Players Listed in the Report are as Follows:

Aesculap Implants Systems LLC, Allegra Orthopedics Limited, Medacta International, Zimmer Inc., Corin Group, Stryker, DePuy Synthes, Smith and Nephew, Kinamed Inc., Exatech Inc, and Other Players.

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