Cementless Total Knee Arthroplasty Market to Reach $3.0 Billion, Globally, by 2032 at 4.6% CAGR: Allied Market Research

The global cementless total knee arthroplasty market is experiencing growth due to several factors, including the rise in prevalence of knee osteoarthritis, the surge in the number of sports-related injuries, and technological advancement in surgical techniques, implant design, and materials used in cementless total knee arthroplasty.

PORTLAND, Ore., Aug. 1, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Cementless Total Knee Arthroplasty Market by Product (Mobile Bearings and Fixed Bearings), by Material (Ceramic, Alloy and Others), by End User (Hospitals and Others): Global Opportunity Analysis and Industry Forecast, 2023-2032." According to the report, the global cementless total knee arthroplasty market was valued at $1.9 billion in 2022 and is estimated to reach $3.0 billion by 2032, exhibiting a CAGR of 4.6% from 2023 to 2032. 

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Prime Determinants of Growth: 

The global cementless total knee arthroplasty market is experiencing growth due to several factors, including the rise in prevalence of knee osteoarthritis, the surge in the number of sports-related injuries, and technological advancement in surgical techniques, implant design, and materials used in cementless total knee arthroplasty. However, the high cost of cementless total knee arthroplasty implants and limited awareness among people regarding the availability of cementless total knee implants are expected to hamper the cementless total knee arthroplasty market growth. On the contrary, growing patients' preferences for cementless implants and favorable reimbursement policies and insurance coverage for cementless knee arthroplasty procedures are expected to create immense opportunities for the expansion of the global market in the future.   

Report Coverage & Details: 

 

Recession 2023 Impact Analysis: 

• During a recession, various economic indicators, such as industrial production, employment rates, and consumer spending, tend to decline.  
• Surging inflation and interest rates are contributing to a slowdown as consumer spending wanes. These economic factors may curb consumer spending on medical devices such as cementless total knee implants. 

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The fixed bearings segment to maintain its leadership status throughout the forecast period- 

Based on product, the fixed bearings segment held the highest market share in 2022, accounting for more than four-fifths of the global cementless total knee arthroplasty market revenue, and is estimated to maintain its leadership status throughout the forecast period. The same segment would also showcase the fastest CAGR of 4.8% during the forecast period. Due to various benefits offered by a fixed-bearing platform, it is used as a standard for many cementless total knee arthroplasty (TKA) implants because of its simple design and low cost compared with mobile-bearing or rotating-platform implants. 

The alloy segment to maintain its lead position throughout the forecast period- 

Based on material, the alloy segment held the highest market share in 2022, accounting for more than half of the global cementless total knee arthroplasty market revenue and is estimated to maintain its lead position throughout the forecast period. The same segment would also exhibit the fastest CAGR of 5.0% during the forecast period. Because alloy based cementless total knee implants provide better fixation within the bone compared to cemented implants.  

The hospitals segment to rule the roost by 2032- 

Based on end user, the hospitals segment held the highest market share in 2022, accounting for nearly three-fourths of the global cementless total knee arthroplasty market revenue, and is projected to rule the roost by 2032. Owing to the increase in the number of knee arthroplasty procedures conducted globally and the availability of specialized orthopedic surgeons in hospitals. However, the others' segment is projected to manifest the highest CAGR of 5.5% from 2023 to 2032. The growth is attributed to an increase in patient preference for outpatient surgeries at ambulatory surgical centers and orthopedic clinics and the availability of technologically advanced medical devices at orthopedic centers and ambulatory surgical centers. 

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North America to maintain its dominance by 2032-

Based on region, North America held the highest market share in terms of revenue in 2022, accounting for around half of the global cementless total knee arthroplasty market, and is likely to dominate the market during the forecast period. This is attributed to a rise in awareness about cementless total knee arthroplasty implants, an increase in the prevalence of osteoarthritis and rheumatoid arthritis, the strong presence of key players providing cementless knee implants, and the availability of advanced healthcare systems and modern medical technologies. However, the Asia-Pacific region is expected to witness the fastest CAGR of 5.5% from 2023 to 2032. Owing to advancements in medical technologies in developing countries that are used for total knee arthroplasty, a rapidly growing geriatric population, a surge in the number of sports-related injuries, and an increase in the number of road accidents. 

Leading Market Players: - 

• Zimmer Biomet Holdings Inc 
• Smith & Nephew PLC 
• Stryker Corporation 
• Johnson & Johnson 
• B. Braun Melsungen AG 
• MicroPort Scientific Corporation 
• Olympus Corporation (Group FH Ortho) 
• Waldemar Link GmbH & Co. KG 
•  United Orthopedic Corporation 
• X. NOV. 

The report provides a detailed analysis of these key players in the global cementless total knee arthroplasty market. These players have adopted different strategies, such as product launches and innovation, to increase their market share and maintain dominant positions in different regions. The report is valuable in highlighting business performance, operating segments, product portfolios, and strategic moves of market players to showcase the competitive scenario. 

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