In the present paper, we review the current state-of-the-art in asymptotic modeling of articular contact. Particular attention has been given to the knee joint contact mechanics with a special emphasis on implications drawn from the asymptotic models, including average characteristics for articular cartilage layer. By listing a number of complicating effects such as transverse anisotropy, non-homogeneity, variable thickness, nonlinear deformations, shear loading, and bone deformation, which may be accounted for by asymptotic modeling, some unsolved problems and directions for future research are also discussed.