Total knee arthroplasty (TKA), commonly known as knee replacement surgery, is a surgical procedure to replace the arthritic knee joint with an artificial implant. It involves removing damaged cartilage and bone from the knee and replacing them with prosthetic components. TKA is primarily indicated for patients suffering from severe knee arthritis and pain that limits mobility and daily activities. The goal of knee replacement surgery is to reduce pain and restore function and mobility of the knee joint.

Market Dynamics:

The global total knee arthroplasty market is driven by the rising geriatric population and obesity rates, which are significant risk factors for osteoarthritis. Increasing awareness about treatment options, growing insurance coverage for knee replacements, and favorable reimbursements are also boosting market growth. In addition, the launch of innovative products by key market players is anticipated to further bolster the market development over the analysis period. For instance, in November 2022, Conformis, Inc., a prominent medical technology company, announced the commercial launch of its revolutionary Imprint knee system. This launch marks the official transition to the company's new U.S. business model, in which the made-to-measure Imprint system is now the primary knee offering and the fully personalized iTotal Identity system is available to patients as a deluxe service upgrade option through the Image-to-Implant Platinum Services Program.

However, factors such as the high cost of surgery and prosthesis, the risk of complications, and infections post-surgery pose challenges to market expansion. Ongoing research in computer-assisted navigation techniques, robotics, and custom implants presents lucrative opportunities for market players in the long run.

Key features of the study:

• This report provides in-depth analysis of the global total knee arthroplasty market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global total knee arthroplasty market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Depuy Synthes, Zimmer Biomet Holdings, Inc., MicroPort Scientific Corporation, Conformis Inc., Corin Group, Exactech Inc., DJO LLC., Medacta International, Smith & Nephew plc, Stryker Corporation, Baumer SA, SurgTech Inc., Meril Life Sciences Pvt. Ltd., Total Joint Orthopedics, Allegra Orthopedics Limited, ConforMIS Inc., and Medacta Group S.A.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global total knee arthroplasty market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global total knee arthroplasty market

Global Total Knee Arthroplasty Market Detailed Segmentation:

• By Material Type:
  • Metal on plastic
  • Ceramic on plastic
  • Ceramic on ceramic
  • Metal on metal
• By Implant Type:
  • Fixed Bearing
  • Mobile Bearing
• By End User:
  • Hospital
  • Orthopedic Clinics
  • Ambulatory Surgery Centers
• By Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa
• Key Players
  • Depuy Synthes
  • Zimmer Biomet Holdings Inc.
  • MicroPort Scientific Corporation
  • Conformis Inc.
  • Corin Group
  • Exactech Inc.
  • DJO, LLC
  • Medacta International
  • Smith & Nephew plc
  • Stryker Corporation
  • Baumer SA
  • SurgTech Inc.
  • Meril Life Sciences Pvt. Ltd.
  • Total Joint Orthopedics
  • Allegra Orthopedics Limited
  • ConforMIS Inc.
  • Medacta Group S.A.