Revenues in the US knee replacement market demonstrated steady growth from 2020 through 2035, reflecting the combined effect of population aging, expanding insurance coverage, and advancements in implant technology. While early years show moderate increases, the 2025-2030 period anticipates accelerated growth due to the uptake of robotic-assisted and minimally invasive procedures, as well as growing demand from the baby boomer cohort. By 2035, market revenues are projected to surpass 13,600 million USD.
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Osteoarthritis remains the primary application driving knee replacement procedures in the US, accounting for the bulk of surgeries. Rheumatoid arthritis and post-traumatic arthritis represent significant, but smaller, market segments as awareness and early diagnosis improve. There is, however, a growing focus on complex indications such as congenital deformities and bone tumors, expanding the pool of eligible patients. As demographic trends evolve, ongoing education and broader insurance coverage are expected to further shape application shares.
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Who are the key players in US Knee Replacement Market industry?
The top five players in the US Knee Replacement Market are Zimmer Biomet, Stryker Corporation, DePuy Synthes (Johnson & Johnson), Smith & Nephew, and Exactech. These companies lead the industry through extensive product portfolios, innovation in implant design, and robust distribution networks, ensuring significant market presence.
What is the US Knee Replacement Market growth?
The US Knee Replacement Market is experiencing steady growth, driven by increasing demand for minimally invasive surgeries and aging population. For example, Stryker reported a notable year-over-year increase in knee implant revenue in 2023, attributed to rising adoption of their advanced robotics-assisted knee replacement systems.
Which segment accounted for the largest US Knee Replacement Market share?
The total knee replacement segment holds the largest market share in the US, owing to its effectiveness in treating severe osteoarthritis and degenerative joint diseases. Widespread adoption in hospitals and ambulatory surgical centers has bolstered this segment’s dominance due to improved post-surgical outcomes and patient satisfaction.
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