Ongoing Developments in Knee Replacement Devices Driving the Global Knee Replacement Market

The global knee replacement market is anticipated to grow at a considerable CAGR of 4.5% during the forecast period (2024-2031). The rising prevalence of arthritis has driven the demand for knee replacements surgeries. Therefore, the key manufactures of knee replacement devices are focusing on the development of advanced & improved medical devices for these procedures; which in turn driving the growth of the global knee replacement market. 

In November 2023, Ortho Development, a US based company has expanded its Balanced Knee implant system product line with the introduction of the BKS Uni partial knee replacement system. The system has been developed to simplify surgical techniques, preserve bone and leverage the Balanced Knee System clinical heritage. The system offers a medial fixed-bearing system of instruments and implants to surgeons. These tools are engineered to facilitate intraoperative adjustments, enabling accurate and balanced unicompartmental knee arthritis treatment.

Browse the full report description of “Knee Replacement Market Size, Share & Trends Analysis Report by Product Type (Total Knee Replacement, Partial Knee Replacement, and Complex (Revision) Knee Replacement), by Material Type (Metal, Ceramic, and Plastic Component), by End-User (Hospitals, Specialized Orthopedic Clinics, and Ambulatory Surgical Centers), Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/knee-replacement-market

In the same month, Salona Global (Evome Medical Technologies) has launched a new portable medical device to treat patients with knee replacements and injuries. The device was created in partnership with the National Aeronautics and Space Administration (Nasa) for use in outer space. It is based on the technology available on the Biodex S4 isokinetic machine with dynamometers. The SpaceTek Knee Device is suitable for use in various locations based on the requirements of the clinic.

Further, in April 2023, Smith+Nephew plc has introduced its new Cori digital tensioner device for robotic knee surgery. It is a purpose-built device for measuring the ligament tension in a knee prior to cutting the bone. It enables a surgeon to quantify joint laxity in the native knee and achieve an optimal ligament tensioning force.

Market Coverage

• The market number available for – 2023-2031

• Base year- 2023

• Forecast period- 2024-2031

• Segment Covered- 

o By Product Type

o By Material Type

o By End-User

• Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

• Competitive Landscape- including SurgTech Inc., Corin Group, Smith & Nephew Plc, Zimmer Biomet Holdings Inc., and Stryker Corp. among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Knee Replacement Market Report Segment

By Product Type

• Total Knee Replacement
• Partial Knee Replacement
• Complex (Revision) Knee Replacement

By Material Type

• Metal
• Ceramic
• Plastic Component

By End-User 

• Hospitals
• Specialized Orthopedic Clinics
• Ambulatory Surgical Centers

Global Knee Replacement Market Report Segment by Region

North America

• United States

• Canada

Europe

• UK

• Germany

• Italy

• Spain

• France

• Rest of Europe 

Asia-Pacific

• China

• India

• Japan

• South Korea

• Rest of Asia-Pacific 

Rest of the World

• Latin America 

• Middle East & Africa

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