The global unicompartmental knee prosthesis market is expected to reach valuation US$ 1.3 Bn by the end of 2031 and is estimated to expand at a CAGR of 3.5% from 2021 to 2031.
The global unicompartmental knee prosthesis market is expected to reach valuation US$ 1.3 Bn by the end of 2031 and is estimated to expand at a CAGR of 3.5% from 2021 to 2031
Leading players in the unicompartmental knee prosthesis market are making use of technological advancements to develop innovative and efficient products to cater the rising demand from end users across the globe. There is an increasing presence of market players operating in the global unicompartmental knee prosthesis market. Rise in the number of road accidents, accidents during adventure, and sports injuries are driving the global market. In addition, rapidly increasing geriatric population suffering from knee related industries, rising healthcare investment by government, and technological advancements in surgical procedures are some of the factors responsible for the growth of the global unicompartmental knee prosthesis market.
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Rise in Prevalence of Knee Related Injuries to Boost Global Market
A portion of the knee is resurfaced in the unicompartmental knee replacement procedure. This is also called as the partial knee replacement procedure. This treatment is an alternative to the total knee replacement for the patients whose disease is limited to one area of the knee. The unicompartmental knee prosthesis market is significantly driven by rising geriatric population across the globe, along with growing prevalence of knee disorders, arthritis, etc.
In addition, sports injuries and degenerative joint diseases are some of the factors contributing to the expansion of the global unicompartmental knee prosthesis market. Aging people are more likely to suffer from knee related disorders. The rise in the number of road accidents and incidental injuries is expected to propel the global unicompartmental knee prosthesis market in the upcoming years. Moreover, increase in disposable income in developed countries is contributing to the growth of the global unicompartmental knee prosthesis market. There is an increasing adoption of partial knee replacement procedures due to improvement in healthcare infrastructure and availability of surgical procedures in hospitals.
| Report Scope | Details |
| Market Size By 2030 | USD 1.3 Billion |
| Growth Rate from 2022 to 2030 | CAGR of 3.5% |
| Largest Market | North America |
| Fastest Growing Region | Asia Pacific |
| Companies Covered | 2021 |
| Forecast Data | 2022 to 2030 |
High Demand for Titanium & Titanium Alloys in Knee Prosthesis
For the unicompartmental knee prosthesis, healthcare professionals are making use of materials such as stainless steel, cobalt-chromium alloys, titanium & titanium alloys, polyethylene, ceramics, etc. Of these, titanium & titanium alloys are increasingly being adopted by end users across the globe due to high strength, low density, and high immunity to corrosion. These materials are offering complete inertness to body environment, along with enhanced compatibility and high capacity to join with bone or other tissues.
Chromium alloys are also becoming popular for implant components, owing to their biocompatibility, durability, and toughness. Manufacturers operating in the global unicompartmental knee prosthesis market are focusing on research & development activities to develop innovative and efficient products for knee implant.
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Increase in Number of Geriatric Patients Suffering from Knee Disorders to Boost Market Growth
The rise in prevalence of knee disorders among the geriatric population is expected to propel the global unicompartmental knee prosthesis market. Cartilage of elderly people is prone to strain and fatigue due to less water content. This leads to arthritis and cushioning at the joints, which requires knee replacement procedure. Arthritis caused by inflammation of one or more joints is a major growth driver for the global unicompartmental knee prosthesis market. In addition, rising incidences of ligament damage is expected to drive the demand for unicompartmental knee prosthesis among the geriatric population.
Knee injuries caused due to football, basketball, and other adventure sports is also common these days. This factor is likely to drive the global market during the forecast period.
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Technological Advancements and Product Innovations to Drive North America Market
North America is expected to account for the largest share of the global unicompartmental knee prosthesis market in the upcoming years. This can be ascribed to technologically advanced products, rising geriatric population, and increasing spending on healthcare expenditure. In addition, the lucrative presence of a large number of unicompartmental knee prosthesis manufacturers is driving the market in the region.
Asia Pacific is also expected to witness significant growth in the upcoming years due to product launches, acquisitions, distribution agreements, alliances, and geographical expansion by local players. Expanding economies and improving in healthcare infrastructure are some of the major factors responsible for the rapid market growth. Increasing R&D investments by key market players and collaborative efforts of healthcare professionals & governments to promote knee replacement surgeries are also driving the global market.
Unicompartmental Knee Prosthesis Market: Overview
In unicompartmental knee replacement (also called partial knee replacement), only a portion of the knee is resurfaced. This procedure is an alternative to total knee replacement for patients whose disease is limited to just one area of the knee. Around 10% of surgeries are unicompartmental knee replacements, where knee arthroplasty is indicated.
Increase in the geriatric population, which is more prone to knee disorders & sports injuries, and rise in prevalence of degenerative joint diseases are projected to drive the global unicompartmental knee prosthesis market
Unicompartmental Knee Prosthesis Market: Key Drivers
Increase in the geriatric population is anticipated to drive the global unicompartmental knee prosthesis market during the forecast period. The geriatric population is more prone to knee related disorders. According to the U.S. Department of Health & Human Product estimates, the U.S. will have about 72.1 million geriatric population by 2030, which is more than twice the number in 2000.
Accidents and incidental injuries are expected to propel the global unicompartmental knee prosthesis market over the next few years. Incidence of accidents during sports, driving, and adventure has increased in the last decade. A large number of patients aged between 40 and 50 focus on maintaining a healthy lifestyle. According to Centers for Disease Control and Prevention statistics, in 2020, unintentional injuries or accidents were the fourth leading cause of death in the U.S.
Market Segmentation: Unicompartmental Knee Prosthesis Market
In terms of type, the global unicompartmental knee prosthesis market has been classified into fixed-bearing implant, mobile-bearing implant, medial pivot implant, and others
Based on material, the global unicompartmental knee prosthesis market has been categorized into stainless steel, cobalt-chromium alloys, titanium & titanium alloys, polyethylene, ceramics, and others
In terms of application, the global unicompartmental knee prosthesis market has been bifurcated into primary surgical and revision surgery
Based on end-user, the global unicompartmental knee prosthesis market has been divided into hospitals, orthopedic clinics, and ambulatory surgery centers
Each of the segments has been analyzed in detail for unicompartmental knee prosthesis trends, recent trends & developments, drivers, restraints, opportunities, and useful insights. The unicompartmental knee prosthesis market report provides current and future revenue (US$ Mn) for each of these segments for the period from 2017 to 2031, considering 2020 as the base year. The compound annual growth rate (% CAGR) has been provided for each segment and market from 2021 to 2031 along with market size estimations.
Regional Overview: Unicompartmental Knee Prosthesis Market
In terms of region, the global unicompartmental knee prosthesis market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The regions have been divided into major countries and sub-regions.
North America accounted for the largest share of the global unicompartmental knee prosthesis market in 2020, and the trend is projected to continue during the forecast period. Growth of the unicompartmental knee prosthesis market in North America can be ascribed to significant health care expenditure, early availability of technologically advanced products, increase in geriatric population, and presence of a large number of unicompartmental knee prosthesis manufacturers.
Asia Pacific is anticipated to gain market share during the forecast period. Product launches, acquisitions, distribution agreements, alliances, and geographical expansion by local players, especially in China and India, are expected to propel the unicompartmental knee prosthesis market in the region.
The current and future market sizes in terms of value (US$ Mn) of these regional markets and major countries have been provided in the report for the period from 2017 to 2031 along with CAGRs for the period from 2021 to 2031
The study also offers a list of recommendations, highlights, and useful insights of the market, which are likely to help new entrants and existing companies to increase market share and in the decision-making process
Major Players
The report concludes with the company profiles section that includes key information about the major players in the global unicompartmental knee prosthesis market
Leading players analyzed in the report are
- Stryker Corporation
- Zimmer Biomet
- Smith+Nephew
- X-NOV Medical Technology
- Waldemar Link GmbH & Co. KG
- Medacta International
- B. Braun Melsungen AG
- Amplitude Surgical
- Arthrex
- Biotech GmbH
- Conformis
- Exactech
- Corin
- GroupeLépine
Market Segmentation
Type
- Fixed-bearing Implants
- Mobile-bearing Implants
- Medial Pivot Implants
- Others
Material
- Stainless Steel
- Cobalt-Chromium Alloys
- Titanium & Titanium Alloys
- Polyethylene
- Ceramics
- Others
Application
- Primary Surgical
- Revision Surgical
End-user
- Hospitals
- Orthopedic Clinics
- Ambulatory Surgery Centers
- Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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