Global knee replacement market to grow at 3.16% CAGR until 2033

Advancements, such as nanotechnology and kinematic alignment, are driving its expansion.

The global knee replacement market is projected to rise at a compound annual growth rate (CAGR) of 3.16% until 2033, according to GlobalData.

The sector’s expansion is attributed to advancements in technology and materials, such as nanotechnology applications in orthopaedic implants and the growing use of kinematic alignment (KA), robotic surgery, and artificial intelligence (AI) in procedures.

A notable development is a new implant coating developed by Flinders University in collaboration with Chinese researchers. This coating uses nano-amalgamated silver-gallium (Ag-Ga) particles to reduce postoperative infection risks and enhance osseointegration.

According to GlobalData’s medical analyst Elia Garcia, major players in the orthopaedic sector are also pivoting to acquisitions and partnerships focused on robotic assistance and AI-driven surgical guidance. 

“Companies that continue to invest in research and development (R&D) and embrace these cutting-edge technologies are likely to lead the market in the coming years,” Garcia said.