Market Size of Cementless Total Knee System (TKS) Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 6.50 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Cementless Total Knee System (TKS) Market Analysis
Over the next few years, the cementless total knee system (TKS) market is expected to register a CAGR of 6.5%.
The COVID-19 pandemic had a significant impact on the cementless total knee system (TKS) market at first.The strict lockdowns and government regulations intended to slow down the spread of COVID-19 resulted in a decrease in demand for products across all implantable segments. During the COVID-19 outbreak, most surgical procedures, such as knee replacement surgeries, were delayed. As a result, the surgeries were only performed in emergencies, which slowed the market's growth slightly.For instance, the NCBI has stated that in India, around 147 arthroplasty surgeries have been performed only for severely affected arthritis patients between March 2020 and April 2021. Thus, the COVID-19 outbreak affected the market's growth adversely in its preliminary phase; however, the market is expected to gain traction due to the significant increase in the number of individuals that are preferring cementless total knee systems as compared to other surgeries.
Furthermore, the rising number of target diseases and sports injuries, as well as the growing benefits of cementless total knee replacement systems, are major factors driving the growth of the studied market.Currently, according to the report published by the center (for orthopedic and neurosurgical care and research), around 3.5 million knee replacement surgeries are going to be performed in the United States each year, which in turn is going to elevate the need for a cementless total knee system. Such factors are likely to boost the adoption of cementless total knee systems, thereby contributing to the studied market's growth.
Moreover, the CDC stated in October 2021 that by the year 2040, around 78 million adults aged 18 years and older are projected to have doctor-diagnosed arthritis in the United States. Therefore, the increase in the number of arthritis patients is going to increase the need for various surgeries such as cementless total knee replacement surgery, which is poised to accelerate the cementless total knee system (TKS) market globally and is expected to increase in the future, thereby driving the growth of the studied market over the forecast period.
In addition, new product launches and strategic activities by major players in the market are positively affecting the growth of the studied market. In November 2021, Smith & Nephew introduced the Legion Conceloc, which is a cementless total knee system (TKS). This system has completed its first surgical procedure. This system has been created in a virtual environment and has been manufactured through 3D printing and additive manufacturing in order to optimize the porous structure in order to promote the bony ingrowth of the knee.
Therefore, owing to the aforementioned factors, it is anticipated that the studied market will witness growth over the analysis period. However, the high cost of the cementless total knee system and procedure is likely to impede the market's growth.
Cementless Total Knee System (TKS) Industry Segmentation
As per the scope of the report, cementless total knee systems (TKS) are implants that are porous and have a rough surface that enhances the growth of new bone. The new bone grows into the spaces present in the implant that holds it in place without using cement. A cementless total knee system uses the patient's original or natural bone to hold the system or implant in the right place, so that it can last longer and form a more permanent bond with the patient's bones. The cementless total knee system (TKS) market is segmented by component type (tibial component and femoral component), end-user (hospitals, orthopedic centers, and other end-users), and geography (North America, Europe, Asia-Pacific, the Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions globally. The report offers the value (in USD million) for the above segments.
| By Component | |
| Tibial Component | |
| Femoral Component |
| By End-User | |
| Hospitals | |
| Orthopedic Centers | |
| Other end-Users |
| Geography | ||||||||
| ||||||||
| ||||||||
| ||||||||
| ||||||||
|
Cementless Total Knee System (TKS) Market Size Summary
The cementless total knee system (TKS) market is poised for significant growth over the forecast period, driven by an increasing preference for these systems over traditional surgeries. The market experienced initial setbacks due to the COVID-19 pandemic, which led to delays in elective surgeries, including knee replacements. However, the demand is expected to rise as more individuals opt for cementless solutions, spurred by the growing incidence of target diseases and sports injuries. The benefits of cementless total knee replacements, such as improved bony ingrowth and natural knee motion, are further propelling market expansion. The introduction of innovative products, like Smith & Nephew's Legion Conceloc, which utilizes advanced manufacturing techniques, is also contributing to market growth.
North America is anticipated to lead the market, supported by the availability of advanced technologies and high awareness levels. The region's growth is further bolstered by strategic activities and product launches by key players, such as Stryker and Johnson & Johnson, which are enhancing the market landscape. The mobile bearing system's advantages, such as reduced wear and improved motion range, are expected to increase its adoption, particularly among younger populations. Despite the high costs associated with cementless total knee systems, the market remains fragmented with numerous global and regional players, ensuring competitive dynamics and continued innovation.
Cementless Total Knee System (TKS) Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Market Overview
-
1.2 Market Drivers
-
1.2.1 Increasing Number of Individuals Diagnosed with Arthritis (osteoarthritis)
-
1.2.2 Elevating Benefits of Cementless Total Knee Replacement Systems
-
1.2.3 Rising Number of Sport Injuries
-
1.2.4 Inclining Rate of Obesity and Geriatric Population
-
-
1.3 Market Restraints
-
1.3.1 High Cost of the Cementless Total Knee System and procedure
-
-
1.4 Porter's Five Forces Analysis
-
1.4.1 Threat of New Entrants
-
1.4.2 Bargaining Power of Buyers/Consumers
-
1.4.3 Bargaining Power of Suppliers
-
1.4.4 Threat of Substitute Products
-
1.4.5 Intensity of Competitive Rivalry
-
-
-
2. MARKET SEGMENTATION (Market Size by Value - USD million)
-
2.1 By Component
-
2.1.1 Tibial Component
-
2.1.2 Femoral Component
-
-
2.2 By End-User
-
2.2.1 Hospitals
-
2.2.2 Orthopedic Centers
-
2.2.3 Other end-Users
-
-
2.3 Geography
-
2.3.1 North America
-
2.3.1.1 United States
-
2.3.1.2 Canada
-
2.3.1.3 Mexico
-
-
2.3.2 Europe
-
2.3.2.1 Germany
-
2.3.2.2 United Kingdom
-
2.3.2.3 France
-
2.3.2.4 Italy
-
2.3.2.5 Spain
-
2.3.2.6 Rest of Europe
-
-
2.3.3 Asia-Pacific
-
2.3.3.1 China
-
2.3.3.2 Japan
-
2.3.3.3 India
-
2.3.3.4 Australia
-
2.3.3.5 South Korea
-
2.3.3.6 Rest of Asia-Pacific
-
-
2.3.4 Middle-East and Africa
-
2.3.4.1 GCC
-
2.3.4.2 South Africa
-
2.3.4.3 Rest of Middle East and Africa
-
-
2.3.5 South America
-
2.3.5.1 Brazil
-
2.3.5.2 Argentina
-
2.3.5.3 Rest of South America
-
-
-
Cementless Total Knee System (TKS) Market Size FAQs
What is the current Cementless Total Knee System (TKS) Market size?
The Cementless Total Knee System (TKS) Market is projected to register a CAGR of 6.5% during the forecast period (2024-2029)
Who are the key players in Cementless Total Knee System (TKS) Market?
Stryker, Smith & Nephew, Zimmer Biomet, Johnson & Johnson (DePuy Synthes), B. Braun SE and Olympus Corporation (GROUP FH ORTHO) are the major companies operating in the Cementless Total Knee System (TKS) Market.
