The global knee replacement market is expected to grow at a CAGR of 4.78% during the forecast period. Some of the prominent vendors in the global knee replacement market include B. Braun Melsungen AG, Conformis Inc., DJO Global Inc., Exactech Inc., Johnson & Johnson Services Inc., Medacta International SA, MicroPort Scientific Corp., Smith & Nephew Plc, Stryker Corp., and Zimmer Biomet Holdings Inc. among others.
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Vendors are focusing on the new product launches to strengthen their market base. For instance, B. Braun Melsungen AG, in September 2019, Koninklijke Philips NV (Koninklijke Philips) and the company announced the launch of Onvision, an ultrasound guidance solution for real-time needle tip tracking in regional anesthesia. DJO Global Inc., in July 2019, the company announced the launch of the AltiVate Reverse Short Stem shoulder arthroplasty system in the US.

Similarly, Exactech Inc., in October 2019, the company announced the launch of the Vantage Ankle Fixed Bearing Flat Cut Talus implant. Johnson & Johnson Services Inc., in September 2019, the company announced the launch of ATTUNE Cementless Knee in a rotating platform option in selected markets around the world. Thus, the increasing number of new product launches by vendors is expected to propel the growth of the global knee replacement market during the forecast period.