A prosthesis is provided for implantation into a knee joint compartment between a femoral condyle and its corresponding tibial plateau without requiring bone resection. The prosthesis includes a body having a generally elliptical shape in plan and a pair of opposed surfaces where one of the surfaces is generally concave. The body further includes an exterior portion and an interior portion, where the exterior portion is constructed from a higher modulus material than the interior portion such that the body is at least slightly deformable.