According to the research report titled ‘Global Knee Implants Market - Analysis By Replacement Type (Total, Partial, Revision), Material (Metal Alloys, Ceramics, Plastics), Fixation Approach, By Region, By Country (2022 Edition): Market Insights, Pipeline and Forecast with Impact of COVID-19 (2022-2027),’ available with MarketStudyReport, global knee implants market was valued at USD 10.26 billion in the year 2021 and is slated to record monumental growth during 2022-2027.

Surge in the prevalence of ailments like diabetes, multiple knee disorders, and others due to sedentary lifestyle choices, combined with rise in the proportion of aging population are major factors supporting the expansion of global knee implants industry.

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Besides, prominent pharmaceutical giants are exploring new and innovative products, which along with the advancement in technology like robot-assisted surgeries are catering to the population seeking customized implants, thus accelerating the growth of the business sphere. 

During the COVID-19 pandemic, the cancellation of multiple procedures and delay in surgical treatments due to lockdowns employed across the globe to curb the spread of the virus resulted in massive losses for the medical sector. 

However, with the relaxations in place now, worldwide global knee implants market is expected to pick up pace to adhere to the backlog of postponed surgeries and witness a rapid recovery in the coming years.  

Based on product type, the industry is divided into partial replacement, revision replacement, and total replacement. In terms of material, the business sphere is categorized into ceramics, plastics, and metal alloys. Speaking of fixation approach, the market is classified into hybrid, cemented, and cementless.

Concerning the regional landscape, the market trends are studied across North America (Canada, United States), Europe (France, Germany, Spain, United Kingdom), Asia Pacific (India, Japan, China, Australia), and Latin America and Middle East & Africa.

The established players in global knee implants market include names like Medartis Holding AG, Zimmer Biomet Holdings Inc., Medacta International SA, B. Braun Melsungen AG, Smith & Nephew plc, Conformis Inc., Stryker Corporation, Globus Medical Inc., DePuy Synthes AG, and MicroPort Scientific Corporation among others.