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Description: Knee osteoarthritis (KOA) is a degenerative disease that leads to pain and loss of function. It is estimated to affect over 500 million humans world-wide and is one of the most common reasons for disability. KOA is usually diagnosed by radiologists or clinical experts by anamnesis, physical examination, and by assessing medical image data. The latter is typically acquired using X-Ray or magnetic resonance imaging. Since manual image reading is subjective, tedious and time-consuming, automated methods are required for a fast and objective decision support and for a better understanding of the pathogenesis of KOA. This thesis sets a foundation towards automated computation of image-based KOA biomarkers for holistic assessment of the knee. This involves the assessment of multiple knee bones and soft tissues. An assessment of particular structures requires localization of these tissues. In order to automate a faithful localization of anatomical structures, deep learning-based methods are investigated and utilized. Additionally, convolutional neural networks (CNNs) are used for classification of medical image data, i.e., for a direct determination of the disease status and to detect anatomical structures and landmarks. The automatically computed anatomical volumes, locations, and other measurements are finally compared to values acquired by clinical experts and evaluated for clustering of KOA groups, classification of KOA severity, prediction of KOA progression, and prediction of total knee replacement. In various experiments it is shown that CNN-based methods are suitable for accurate medical image segmentation, object detection, landmark detection, and direct classification of disease stages from the image data. Computed features related to the menisci are found to be most expressive in terms of clustering of KOA groups and predicting of future disease states, thus allowing diagnosis of current KOA conditions and prediction of future conditions. The conclusion of this thesis is that machine learning-based, fully automated processing of medical image data shows potential for diagnosis and prediction of KOA grades. Future studies could investigate additional features in order to achieve an assessment of the whole knee or validate the findings of this work in clinical studies.