From 2013 to 2023, the number of total knee replacement procedures in Australia has shown a consistent upward trend. The numbers increased from approximately 44.19 thousand procedures in 2013 to 65.28 thousand in 2023. Notably, the years 2020 and 2021 experienced statistical anomalies, with significant peaks and subsequent drops likely due to external factors such as the COVID-19 pandemic.
The year-on-year growth in 2022 was 3.57%, ending in 2023 with a growth rate of 3.42%. Over the last 5 years (2019-2023), the compound annual growth rate (CAGR) has been approximately 4.4%.
Forecasts for 2024 and beyond suggest continued growth, with a projected 5-year CAGR of 2.36%, leading to an approximate 12.35% overall growth by 2028.
Future trends to watch for:
- Aging population and increased longevity
- Technological advancements in surgical procedures
- Healthcare policy changes and funding variations
- Potential impact of emerging medical technologies like robotics
- Influence of global healthcare trends and pandemic recovery effects
