Cementless Total Knee Arthroplasty Market Size, Share, Growth Analysis, By Product(Mobile Bearing and Fixed Bearing), By Implant Design(Monoblock, Modular, and Hybrid), By End User(Hospitals, Speciality Clinics, Ambulatory Surgery Centres, and Others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35A2940 |
Region:
Global |
Published Date: October, 2024
Pages:
218
|Tables:
89
|Figures:
67
Cementless Total Knee Arthroplasty Market Insights
Global Cementless Total Knee Arthroplasty Market was valued at USD 2.3 Billion in 2022 and is expected to rise from USD 2.47 Billion in 2023 to USD 4.37 Billion by 2031, at a CAGR of 7.4% during the forecast period (2024–2031).
Rising incidence of trauma injuries and joint disorders are projected to primarily bolster the demand for cementless total knee arthroplasty over the coming years. Rapidly expanding geriatric population is also expected to be a major contributor to cementless total knee arthroplasty market growth going forward. Increasing investments in the development of novel orthopedic implants and treatment technologies coupled with advancements in material technologies will also create new opportunities for cementless total knee arthroplasty providers in the future. Growing preference and popularity of minimally invasive surgeries, increasing healthcare expenditure, and rising volume of knee replacement surgeries are also forecasted to bolster cementless total knee arthroplasty demand across the study period and beyond. On the contrary, high costs of cementless implants, post-surgery complications, and low data on long-term usage are key factors that could slow down cementless total knee arthroplasty market development potential in the long run.
Market Snapshot - (2024–2031)
Global Market Size
Largest Segment
Fastest Growth
Growth Rate
CAGR
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Cementless Total Knee Arthroplasty Market Segmental Analysis
The Cementless Total Knee Arthroplasty Market is segmented based on the Product, Implant Design, End User, and Region. Based on the Product, the cementless total knee arthroplasty market is segmented into Mobile Bearing and Fixed Bearing. Based on End User, the market is divided into Hospitals, Specialty Clinics, Ambulatory Surgery Centres, and Others. In terms of Implant Design, the market is segmented into Modular, Monoblock, and Hybrid. Based on Region, it is categorized into North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa.
Analysis by Implant Design
Monoblock implants are projected to account for a significant share of the global cementless total knee arthroplasty market. Better stability and lower risk of loosening and complications over the long run is what helps the popularity of monoblock implants. Also, the implant is one whole structure, further reducing the risk of single component failure for patients going forward.
On the other hand, the hybrid segment is projected to emerge as the fastest growing one in the market across the study period and beyond. These implants provide the benefits of monoblock and modular implants thereby making them the best of both worlds. High flexibility and better reliability as compared to other types of designs is what is projected to make this a highly opportune segment for cementless total knee arthroplasty companies.
Analysis by End User
Hospitals are predicted to account for a major chunk of global cementless total knee arthroplasty demand outlook in the future. Increasing number of knee replacement and orthopedic surgeries being performed in hospitals and growing availability of novel treatments are helping this segment maintain its dominance. The presence of proper pre-op and post-op care facilities in hospitals will also promote cementless total knee arthroplasty demand in this segment going forward.
Meanwhile, the demand for cementless total knee arthroplasty in ambulatory surgical centers is projected to surge at an impressive pace across the forecast period and beyond. Increasing cases of trauma and accidents requiring emergency knee replacement or other types of orthopedic surgeries will promote the use of cementless total knee arthroplasty in this segment. Growing investments in broadening the scope of ambulatory surgical centers will also bolster cementless total knee arthroplasty market growth in the future.
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Cementless Total Knee Arthroplasty Market Regional Insights
North America is projected to account for a dominant share of the global cementless total knee arthroplasty market. The presence of a large geriatric population coupled with the high adoption of minimally invasive surgeries helps this region maintain its high market share. High healthcare spending potential, rising availability of novel cementless total knee arthroplasty treatments, and increasing acceptance of novel procedures among patients will also create new opportunities for cementless total knee arthroplasty providers operating in this region. Canada and the United States are slated to be the top markets for cementless total knee arthroplasty companies in the North American region through 2031 and beyond.
Rapidly increasing senescent population and rising orthopedic disorders are making the Asia Pacific region the fastest growing market for cementless total knee arthroplasty companies. Increasing investments in healthcare infrastructure development, rising availability of cementless total knee arthroplasty, and growing patient spending potential also creating new business scope for market players. Japan will be an especially opportune market as its geriatric population becomes the largest in the world. India, China, and South Korea are other markets where the demand for cementless total knee arthroplasty will shine bright in the future.
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Cementless Total Knee Arthroplasty Market Dynamics
Drivers
Increasing Aging Population
- Senior citizens or people considered in the geriatric population are increasing around the world due to increased life expectancy. These people have weak bones and joints that are more prone to orthopedic disorders, thereby this sect of population is more likely to undergo cementless total knee arthroplasty surgeries and drive market growth.
Preference for Minimally Invasive Procedures
- Low recovery time and less discomfort associated with minimally invasive procedures is boosting their popularity among medical professionals and patients alike. Cementless total knee arthroplasty is a very minimally invasive procedure which is why it is also expected to benefit from the rising preference of such procedures.
Restraints
Limited Knowledge Regarding Long Term Use
- Cementless total knee arthroplasty is a very novel procedure and has not been used quite extensively yet. This limited use and nascent nature of the procedure has resulted in less data available to study its long-term usage, limiting its adoption.
High Costs of Cementless Total Knee Arthroplasty
- Cementless total knee arthroplasty involves the use of advanced technologies and is generally more expensive as compared to the traditional alternatives. These high costs can be linked to expensive cementless implants mostly, which limit their accessibility to a certain extent and hamper market growth potential.
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Cementless Total Knee Arthroplasty Market Competitive Landscape
Developing affordable and advanced cementless total knee arthroplasty will be the prime focus of new as well as established companies in the future. Cementless total knee arthroplasty providers can also maximize their business scope by riding the wave of minimally invasive surgery popularity going forward. Investing in research and development will be an unmissable strategy for all cementless total knee arthroplasty companies working in this market. Emerging countries will provide attractive growth opportunities for cementless total knee arthroplasty suppliers in the long run.
Top Player’s Company Profiles
- Zimmer Biomet
- Smith & Nephew plc
- Stryker Corporation
- Group FH Ortho
- DePuy Synthes
- Johnson & Johnson
- Corin Group plc
- B. Braun Melsungen AG
- Waldemar Link GmbH and Co. KG
- United Orthopedic Corporation
- Microport Scientific Corp.
Recent Developments
- Back in 2021, a new cementless total knee system was launched by Smith and Nephew. LEGION CONCELOC Cementless Total Knee System (TKS) utilizes a 3D printed cementless implant using its 3D printed porous structure technology that helps support natural bone growth as well.
- In November 2022, the United States Food and Drug Administration (FDA) granted 510 (k) clearance for a new cementless knee replacement product by Zimmer Biomet. Persona® OsseoTi® Keel Tibia for cementless knee replacement was a new edition to Zimmer’s existing proven portfolio of knee replacement options.
- Recently in June 2024, The FDA announced the clearance of a new robot for total knee replacement surgeries. ExcelsiusFlex orthopedics robot was developed by Globus Medical and is projected to help surgeons improve the positioning accuracy of implants during total knee replacement procedures.
Cementless Total Knee Arthroplasty Key Market Trends
- Development of Patient Specific Implants: Personalization of implants is not a new concept, but it surely is a novel one for cementless total knee arthroplasty companies. As demand for personalized healthcare increases, cementless total knee arthroplasty companies can also focus on the development of patient-specific implants to improve the success rate of procedure and boost market growth in the future.
- Use of Robotic Assistance: Cementless total knee arthroplasty providers should explore the use of robots to enhance the efficacy and accuracy of their procedures. Growing acceptance of robotic surgeries and robotic-assisted surgeries around the world will create new opportunities for cementless total knee arthroplasty providers in the long run.
Cementless Total Knee Arthroplasty Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the growing geriatric population and rising demand for knee replacement surgeries are slated to bolster cementless total knee arthroplasty market growth over the coming years. On the contrary, limited data on long-term usage and high costs are expected to slow down cementless total knee arthroplasty demand outlook. The presence of developed healthcare infrastructure helps North America to hold a dominant share of the global cementless total knee arthroplasty market through 2031. Creating patient-specific implants will be a major trend for all cementless total knee arthroplasty providers in the long run.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 2.3 Billion |
| Market size value in 2031 | USD 4.37 Billion |
| Growth Rate | 7.4% |
| Base year | 2023 |
| Forecast period | (2024–2031) |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Cementless Total Knee Arthroplasty Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Cementless Total Knee Arthroplasty Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Cementless Total Knee Arthroplasty Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Cementless Total Knee Arthroplasty Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Cementless Total Knee Arthroplasty Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Cementless Total Knee Arthroplasty Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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