Knee Replacement Market Value to Rise to $7.4B in 2019

The knee replacement market value, across 10 countries, will undergo a slight increase from around $6.5 billion in 2012 to approximately $7.4 billion by 2019, according to a report by GlobalData, a forecasts research and consulting firm.

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The market will grow at a compound annual growth rate of 1.9 percent.  

 

The report also states that out of the 10 major markets — the United States, France, Germany, Italy, Spain, the United Kingdom, Japan, Brazil, China and India — the U.S. possessed the largest market share of 63 percent in 2012. This is expected to drop slightly to just below 61 percent in 2019.

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