Total Knee Replacement Market Size, Share, Growth Analysis, By Type(Primary Knee Replacement Systems, Revision Knee Replacement Systems, Partial Knee Replacement Systems), By Implant Type(Fixed-Bearing Implants, Mobile-Bearing Implants), By Procedure(Total Knee Arthroplasty, Partial Knee Arthroplasty, Revision Arthroplasty), By Fixation Type(Cemented, Cementless, Hybrid, Reverse Hybrid), By End-Use(Hospitals, Orthopedic Clinics), By Region - Industry Forecast 2024-2031

Total Knee Replacement Market size was valued at USD 8.57 billion in 2019 and is poised to grow from USD 9 billion in 2023 to USD 13.96 billion by 2031, growing at a CAGR of 5% in the forecast period (2024-2031).

The growing geriatric population will increase this industry's market share over the forecast years. The rapid increase in the conclusion of knee joint pain among the adult population is required to enable a quick expansion of the market in the coming years. The increasing prevalence of osteoarthritis of the knee is a critical factor in the market's advancement. As the younger population's body mass index rises, they necessitate Knee Replacement Surgery at a younger age. Knee replacement, also known as knee arthroplasty, is a joint surgery that replaces the affected parts of the knee to relieve pain and disability. A knee replacement surgery is performed on patients who have been diagnosed with osteoarthritis, post-traumatic joint inflammation, or rheumatoid joint inflammation. Knee Replacement Surgery removes damaged body parts such as tissues and cartilages and supplants them with artificial systems.

People with knee osteoarthritis are the most likely candidates for Total Knee Replacement surgery. Patients suffering from knee osteoarthritis have difficulty walking and performing daily activities. As a result, such patients require all out-knee substitution to overcome the challenges associated with osteoarthritis. The rise in the number of knee replacement surgical treatments around the world is likely to benefit the market. As more people become aware of technological trends such as robot-assisted knee surgeries, they begin to opt for these procedures, fueling the growth of this industry. It also persuades other market participants to conduct research and development and devise painless surgical methods. Robot-assisted surgeries promote high efficiency and accuracy, lowering the rate of surgery failures. Furthermore, rising innovative advancements such as imaginative intrusive medical procedures, as well as the existence of better-embedded materials, will drive the growth of the knee replacement market.

US Total Knee Replacement Market  is poised to grow at a sustainable CAGR for the next forecast year.