GlobalvSize To Exceed USD 23.50 Billion By 2035 | CAGR Of 5.68%
Category: HealthcareGlobal Knee Replacement Prosthesis Market Size To Exceed USD 23.50 Billion By 2035
According to a research report published by Spherical Insights & Consulting, The Global Knee Replacement Prosthesis Market Size is Expected To Grow from USD 12.80 Billion in 2024 to USD 23.50 Billion by 2035, at a CAGR of 5.68% during the forecast period 2025-2035.
Get more details on this report -
Browse key industry insights spread across 201 pages with 119 Market data tables and figures & charts from the report on the "Global Knee Replacement Prosthesis Market Size, Share, and COVID-19 Impact Analysis, By Type (Tibial Component, Femoral Component, and Patella Component), By Application (Osteoarthritis, Sports Injuries, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 – 2035."Get Detailed Report Description Here:https://www.sphericalinsights.com/reports/knee-replacement-prosthesis-market
The Knee Replacement Prosthesis Market Size is the industry for artificial joints used in knee replacement surgeries. Knee replacement or knee arthroplasty refers to the surgical procedure for replacing the weight-bearing surfaces of the knee joint to relieve pain and disability, most commonly when joint pain is not diminished by conservative measures. It may also be performed for other knee conditions, like rheumatoid arthritis. The emergence of smart knee implant technology and the incorporation of sensor technology for improved post-operative recovery, along with an increasing R&D activities and global health initiatives, are bolstering the market growth opportunities. The growing prevalence of osteoarthritis, along with an increasing prevalence of total knee arthroplasty, is driving the knee replacement prosthesis market. The growing advancements in prosthetic technology are propelling the market growth. On the contrary, the increased cost of orthopedic procedures, limited healthcare infrastructure, and strict regulations are challenging the knee replacement prosthesis market.
The tibial component segment dominated the market in 2024, with about 55.5% share and is projected to grow at a substantial CAGR during the forecast period.
Based on the type, the knee replacement prosthesis market is divided into tibial component, femoral component, and patella component. Among these, the tibial component segment dominated the market in 2024, with about 55.5% share and is projected to grow at a substantial CAGR during the forecast period. The advantages of tibial components, including joint fixation, preventing implant loosening, and improving patients' mobility, are responsible for driving the segmental market growth.
The osteoarthritis segment accounted for the largest revenue share of over 70% in 2024 and is anticipated to grow at a remarkable CAGR of about 5-7% during the forecast period.
Based on the application, the knee replacement prosthesis market is divided into osteoarthritis, sports injuries, and others. Among these, the osteoarthritis segment accounted for the largest revenue share of over 70% in 2024 and is anticipated to grow at a remarkable CAGR of about 5-7% during the forecast period. For instance, in April 2025, the U.S. FDA approved the first implantable shock absorber for people with early-stage knee osteoarthritis. The increasing prevalence of knee osteoarthritis, along with an increasing innovation & design of knee implants and robot-assisted knee surgeries, is responsible for driving the market demand.
Get more details on this report -
North America is expected to hold the majority share of the global knee replacement prosthesis market during the forecast period.
North America is expected to hold the majority share of about 45.40% to 50.80% in the global knee replacement prosthesis market during the forecast period. The United States is leading the North America knee replacement prosthesis market, with a significant share of 39.9-93.6% in 2024, driven by the company's increasing investment, presence of advanced healthcare infrastructure, and skilled workforce. The presence of cutting-edge startups and increasing funding for promoting innovative solutions are propelling the market of knee replacement prosthesis. Further, the region's increasing healthcare expenditure and integration of AI and ML in R&D for making better and affordable knee implants are driving the market.
Get more details on this report -
Asia Pacific is anticipated to grow at the fastest pace of 5.7-6.4% CAGR in the global knee replacement prosthesis market during the forecast period. China is dominating the Asia Pacific region, with a 35% revenue share in the year 2024, owing to the increasing advancement in surgical techniques and government emphasis on improving healthcare services. The region’s increasing elderly population and osteoarthritis prevalence, along with an increasing awareness of joint replacement procedures, are several factors that are driving the knee replacement prosthesis market.
Major vendors in the global Knee Replacement Prosthesis market are Johnson & Johnson, B. Braun Melsungen AG, Exactech, Inc., Stryker Corporation, ConforMIS, Smith+Nephew, Medacta International, JRI Orthopaedics Ltd., United Orthopedic Corporation, Zimmer Biomet, MicroPort Scientific Corporation, Corin Group, Arthrex, Inc., and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Key Market Development
- In October 2025, Hospital for Special Surgery (HSS), the world’s leading academic medical centre focused on musculoskeletal health, announced the results of a retrospective study analyzing the results of the “Quiet Knee” protocol after total knee arthroplasty (TKA), also known as knee replacement surgery.
- In March 2025, Medtech company Eventum Orthopaedics, focused on improving knee replacement surgery, has raised a further £3.8 million from NPIF II, Mercia Equity Finance. managed by Mercia Ventures as part of the Northern Powerhouse Investment Fund II (NPIF II), Mercia’s EIS funds and private investors, including leading surgeons.
- In March 2025, Smith-Nephew, the global medical technology company, announced it would feature the latest advancements in orthopaedic reconstruction at the American Academy of Orthopaedic Surgeons Annual Meeting in San Diego.
- In January 2025, BionicM announced the launch of its U.S. subsidiary, BionicM USA, located in the Virginia area near Washington, D.C. The strategic move reinforces the company’s commitment to delivering advanced powered microprocessor knee solutions to the world's largest prosthetics market.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the knee replacement prosthesis market based on the below-mentioned segments:
Global Knee Replacement Prosthesis Market, By Type
- Tibial Component
- Femoral Component
- Patella Component
Global Knee Replacement Prosthesis Market, By Application
- Osteoarthritis
- Sports Injuries
- Others
Global Knee Replacement Prosthesis Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
CONTACT US:
For More Information on Your Target Market, Please Contact Us Below:
Phone: +1 303 800 4326 (the U.S.)
Phone: +91 90289 24100 (APAC)
Email: inquiry@sphericalinsights.com, sales@sphericalinsights.com
Contact Us: https://www.sphericalinsights.com/contact-us
Need help to buy this report?