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 worth USD 10.26 billion in the year 2021 and is slated to register decent growth during 2022-2027.

Uptick in the older population, coupled with rising incidence of diseases like diabetes, knee disorders, and others as a result of physically inactive lifestyle choices are propelling the development of global knee implants market.

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Besides, major pharmaceutical companies are focusing on introducing innovative products to deliver long-term strengthening in knee functionality, which in conjunction with technological advancements such as robot-assisted surgeries and customized implants, are accelerating the growth of market.

During the COVID-19 pandemic, the postponement of treatments and delays in surgeries because of lockdowns implemented around the world to block the virus spread, led to enormous losses for the health industry.

Nevertheless, the business sphere has begun to revive by managing the backlog of rescheduled surgeries. Consequently, in the forthcoming years, it is predicted that after the daily operations are streamlined and surgical procedures resume, worldwide knee implants market will catch up and garner immense revenues by the year 2027.

In terms of product type, the industry is split into partial replacement, revision replacement, and total replacement. With respect to fixation approach, the business landscape is categorized into hybrid, cemented, and cementless. Based on material type, the marketplace is divided into ceramics, plastics, and metal alloys. 

Speaking of geographical terrain, North America (Canada, United States), Latin America and Middle East & Africa, Europe (France, Germany, Spain, United Kingdom), and Asia Pacific (India, Japan, China, Australia) are evaluated in detail to ascertain the profit potential of the market over the assessment timeframe.

Concerning the competitive sphere, prominent names in global knee implants industry include Zimmer Biomet Holdings Inc., Medartis Holding AG, Smith & Nephew plc, Medacta International SA, Conformis Inc., B. Braun Melsungen AG, Stryker Corporation, Globus Medical Inc., MicroPort Scientific Corporation, and DePuy Synthes AG among others.