Knee Replacement Market Size, Share, and Trends 2025 to 2034

Knee Replacement Market Size and Forecast 2025 to 2034

The global knee replacement market size was accounted for USD 10.51 billion in 2024, and is expected to reach around USD 17.35 billion by 2034, expanding at a CAGR of 5.14% from 2025 to 2034. The market growth is attributed to the increasing prevalence of knee joint disorders, advancements in surgical techniques, and rising patient demand for effective, long-lasting treatments.

Knee Replacement Market Key Takeaways

• North America has captured a 39% revenue share in 2024.
• By procedure, the total knee arthroplasty segment accounted for 86% revenue share in 2024.
• The revision knee arthroplasty segment has reached a 10% revenue share in 2024.

Impact of Artificial Intelligence on the Knee Replacement Market

Advanced technologies such as AI and ML are revolutionizing orthopedic surgical procedures by enhancing precision and accuracy. Surgeons are increasingly using AI-based systems to review and assess patient information. AI predicts the structure of the best prostheses with reference to the specific anatomy of the knee in order to maximize the function of the knee prostheses. Furthermore, intelligent robotic systems support surgeries by streamlining workflows.

U.S. Knee Replacement Market Size and Growth 2025 to 2034

The U.S. knee replacement market size was estimated at USD 2.83 billion in 2024 and is predicted to be worth around USD 4.93 billion by 2034, at a CAGR of 5.71% from 2025 to 2034.

North America has emerged as the largest market as a result of the geriatric population who require knee replacement surgeries. The availability of a high disposable income with the people has enabled them to opt for advanced surgical procedures which make use of artificial intelligence and robot assisted procedures. The presence of the key market players in this region has also emerged as a major reason for its growth. 

The region of Europe has also emerged as a large market for knee replacement surgeries owing to the huge number of patients residing in this region. The region of Asia Pacific has also emerged as a potential market for knee replacement surgeries as a result of the huge number of patients who suffer with knee disorders.

Knee Replacement Market Growth Factors

• The rising prevalence of knee osteoarthritis and related joint disorders is driving the demand for knee replacement surgeries.
• The growing adoption of robotic-assisted surgeries in orthopedics enhances precision and efficiency during knee replacements.
• Expanding reimbursement policies for knee replacement procedures makes the surgeries more accessible to a broader patient base.
• Technological advancements in implant materials are improving the longevity and functionality of knee replacements.
• Rising demand for customized and patient-specific knee implants is contributing to market growth.

Market Scope

Market Dynamics

Drivers

• Increasing number of cases of osteoarthritis - A huge number of people have been recorded who are suffering with osteoarthritis which is helping the market to record a considerable revenue. It is a very painful condition which requires immediate attention as it hampers the mobility of the individual. The adult population is mainly affected by this knee disorder which usually requires a surgical intervention. The prevalence of osteoarthritis among the people has increased by around 5% in the recent times.
• Huge geriatric population - Huge number of people belonging to the geriatric population suffer with osteoarthritis who proved to be a potential market for knee replacement surgeries. The introduction of artificial intelligence for surgical procedures has encouraged this population to opt for knee replacement surgeries.

Key Market Challenges

• Unaffordability of patients - Lack of disposable income available with the people hampers the growth of the market to a great extent. The high cost associated with the usage of advanced surgical procedures makes it impossible for the common people to opt for them.
• Lack of skilled professionals - A knee replacement surgery is a very complex procedure that requires highly skilled professionals. Absence of skilled professionals in this sector hampers the growth of the market to a great extent as it affects the confidence of the people undergoing the procedure.
• Strict rules and regulations - The strict rules and regulations which have to be followed for the introduction of these products into the market increases the total cost of the surgery which emerges as a major challenging factor for the key market players. A shortage of disposable income available with the people makes it difficult for them to opt for such costly procedures.

Key Market Opportunities

• Technologically advanced procedures - The recent procedures which have been adopted by the health care industry for the total knee replacement surgeries are highly advanced and hence encourages the potential consumers to opt for them. Introduction of artificial intelligence into the system has boosted the success rate of these surgical procedures.
• Huge client base - A huge number of people all over the world are suffering with new disorders which is proving to be a major opportunity for the growth of the knee replacement surgery market. Increasing disposable income of the working class is a major opportunity for the growth of the market.

Procedure Insights

The segment of total knee arthroplasty has dominated the market owing to the huge number of cases that are available in the market. Most of the patients suffering with knee disorders belong to the geriatric population and hence they require a total knee arthroplasty. The robot assisted surgical procedures have attracted the potential consumers all over the world by showcasing the high probability of success which is obtained with the use of advanced technology.

The segment of revision arthroplasty as presented a considerable growth over the period of time as a result of the increasing number of cases undergoing revision knee surgeries. The increasing consumption of revision implants has helped the market to record a considerable revenue over the period of time. The availability of a high disposable income with the younger patients has also proved to be a major opportunity for the growth of the knee replacement market. A considerable growth has been expressed by the partial knee arthroplasty segment as a result of the encouragement provided by the key market players.

Implant Type Insights

The segment of fixed bearing implants has emerged as the largest segment as a result of the various benefits that are obtained with this variety. The mobility which is provided with the fixed bearing implants it's quite premium as compared to the other segments in the market. These implants are long lasting and provide the consumer with a good experience. It is the most commonly chosen implant type by the health care professionals as it provides a good experience to the consumer. The demand for mobile bearing implants is also rapidly increasing as it provides a better range of motion.

End-User Insights

The segment of hospital has emerged as the largest segment owing to the huge number of surgical procedures that are carried out in this sector. A knee replacement surgery requires a proper setup with all the necessary equipment and accessory procedures within the reach of the professional, hence the segment of hospital has emerged as the largest segment.

The advanced facilities that are provided within the infrastructure of a hospital has helped this segment to record a considerable revenue. The huge number of orthopedic surgeries that are carried out in a hospital has emerged as a major reason for the growth of this particular segment. Regular visits by the patients for orthopedic complaints and injuries has also emerged as a major reason for the growth of this segment.

Regional Insights

The German knee replacement market is presently witnessing substantial growth fueled by various essential market factors. A key factor is Germany’s aging population, resulting in more degenerative joint diseases and consequently, a greater need for knee replacement surgeries. Germany uses advanced methods like computer-assisted surgeries and minimally invasive techniques. Devices such as Zimmer Biomet and Stryker's Triathlon knee systems are frequently utilized to attain the best results.

Knee replacement surgeries in Germany boast an impressive success rate of 95%. This greatly enhances patients' mobility and life quality. Germany is facing an increase in obesity, with around 23% of adults deemed obese according to the most recent health reports. The connection between obesity and the rising incidence of knee joint disorders is well-established, with evidence showing that those who are overweight face a considerably greater risk of developing osteoarthritis, a primary reason for knee replacement surgeries.

Knee replacement market of Canada

The aging Canadian population is leading to a rise in demand for surgeries and procedures. This, coupled with a lack of healthcare providers, is increasing the difficulty of achieving the benchmarks established for knee replacement surgeries. In reaction, the Canadian federal government is providing temporary assistance to identify the deficits within the healthcare system.

Notable advancements in surgical methods and materials have enhanced the effectiveness and safety of knee replacement procedures. Consequently, the requirements for individuals eligible for these procedures have expanded. Knee replacement surgeries are therefore a viable choice for a broader group of patients experiencing challenges due to knee issues.

• In August 2024, Exactech, a worldwide leader in medical technology, announced the launch of a new balancing technology for patients requiring total knee replacement surgery. Utilizing the capabilities of ExactechGPS® computer-assisted technology, the Newton™ knee approach offers surgeons visual assistance for customized, balanced outcomes.

Knee Replacement Market Companies

• Johnson & Johnson Services, Inc. (DePuy Synthes)
• Stryker
• Zimmer Biomet
• Smith+Nephew
• DJO, LLC
• Arthrex, Inc.
• Exactech, Inc.
• Conformis
• MicroPort Orthopedics
• Corin Group

Latest Announcement by Industry Leader

• In November 2024, Lower Bucks Hospital announced the introduction of Persona IQ, the first and only smart knee implant to receive the De Novo classification from the U.S. Food and Drug Administration for total knee replacement procedures. Dr. Meller, an orthopedic specialist at Lower Bucks Hospital, highlighted the significance of this breakthrough, stating that this innovative implant is the first of its kind capable of providing real-time insights into a patient’s recovery post-surgery, ensuring that the knee implant is functioning optimally.

Recent Developments

• In October 2024, VISIE Inc., formerly known as Advanced Scanners, successfully demonstrated Continuous Anatomic Auto Tracking (CAAT) for robotic-assisted total knee arthroplasty (RA-TKA) at its headquarters in Austin, Texas, showcasing a significant breakthrough in precision knee surgery.
• In August 2024, Exactech, a global leader in medical technology, announced the launch of advanced balancing technology for total knee replacement surgeries. Utilizing the power of ExactechGPS computer-assisted technology, the new Newton knee procedure offers surgeons enhanced visual guidance, enabling personalized and balanced surgical outcomes.
• In June 2024, Meril, a prominent medical devices company based in Gujarat, introduced MISSO, an indigenously developed robotic system designed to assist doctors in real-time during knee replacement surgeries. This cutting-edge innovation aims to make knee replacement procedures more accessible by reducing costs by up to 66%.

Segments Covered in the Report

By Implant Type

• Mobile bearing
• Fixed bearing
• Others

By Procedure

• Partial knee arthroplasty
• Total knee arthroplasty
• Revision knee arthroplasty

By End User

• Hospitals
• Ambulatory surgical centers
• Orthopedic clinics
• Others

By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa (MEA)