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The knee replacement
market refers to the industry that produces and sells devices known as knee
replacements, which are medical devices used to replace the knee joint in
patients with severe knee arthritis or other knee conditions that cause pain
and limited mobility. The knee replacement market is segmented into two main
categories: total knee replacement (TKR) and partial knee replacement (PKR).
TKR involves replacing the entire knee joint, while PKR involves replacing only
a portion of the joint.
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https://www.fortunebusinessinsights.com/industry-reports/knee-replacement-implants-market-101244
The global “Knee
Replacement Market” size is expected to reach USD 12.48 billion by 2027,
exhibiting a CAGR of 4.3% during the forecast period, states Fortune Business
Insights in a report titled “Knee Replacement Market, 2023-2027.” The market
size stood at USD 9.45 billion in 2019.
The report also caters detailed information about the
crucial aspects such as driving factors & challenges which will define the
future growth of the market.
Additionally, it also incorporates potential opportunities
in micro markets for stakeholders to invest along with the detailed analysis of
competitive landscape and product offerings of key players.
The report gives information about trends and shares, market
size analysis by region, and analysis of global market size. Under market size
analysis by region, analysis of market shares and growth rate by region is
provided.
Fortune Business
Insights identifies some of the major players in this market:
·
Aesculap, Inc.– a B. Braun company (Center
Vally, USA)
·
Medacta International (Castel San Pietro,
Switzerland)
·
MicroPort Scientific Corporation (Shanghai,
China)
·
Conformis (Massachusetts, U.S.)
·
Smith & Nephew (London, U.K.)
To get more information
on the regional analysis of this market, Request a Free sample:
https://www.fortunebusinessinsights.com/enquiry/sample/knee-replacement-implants-market-101244
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Table of content:
• Introduction
o Research
Scope
o Market
Segmentation
o Research
Methodology
o Definitions
and Assumptions
• Executive
Summary
• Market
Dynamics
o Market
Drivers
o Market
Restraints
o Market
Opportunities
o Market
Trends
Continuous…
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Market Scenario
The global Knee Replacement Market is presumed to experience 6.1% CAGR during the forecast period (2017-2023) owing to the increasing geriatric population, asserts Market Research Future (MRFR). Knee replacement is also referred to joint replacement surgery which is meant for patients suffering from knee damage. Diseases such as post-traumatic arthritis, osteoarthritis, and rheumatoid arthritis generally cause knee damage. Knee arthroplasty or knee replacement is performed to replace damaged knee with artificial knee implants.
Drivers and Constraints Impacting the Market
Knee replacement is highly driven by the geriatric population due to old age ailments such as osteoporosis, arthritis, and diabetes. Advent of advanced technologies such as minimally invasive surgery, presence of better implant materials, and extensive research and development activities in the industry are considered to propel the market during the assessment period. According to the American Joint Replacement Registry, 87 % of the diagnosed osteoarthritis cases undergo knee replacement. With growing prevalence of osteoarthritis, the number of knee replacement has risen. Also, the adaptation of sedentary lifestyle has led to obese population which is considered to foster the Knee replacement market growth in the future.
On the flip side, non-surgical treatment methods like shoe aids and exercises coupled with high cost of knee replacement surgeries are likely to retard the market growth in the coming years.
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Global Knee Replacement Market: Segmental Analysis
The global knee replacement market has been segmented on the basis of material, product type, end-user, and region.
By mode of product type, the global knee replacement market has been segmented into total knee reconstructive implants, partial knee reconstructive implants, and revision knee reconstructive implants. Among these, the total knee reconstructive implants are further sub-segmented into fixed bearing implants, mobile bearing implants, medial pivot implants, and others.
By mode of material, the global knee replacement market has been segmented into ceramic material, metal alloy, strong plastic parts, and others.
By mode of end-users, the global knee replacement market has been segmented into specialty centers, hospitals and clinics, and rehabilitation centers.
Competitive Dashboard
The major players operating the global market are DePuy Synthes, Allegra Orthopaedics Limited, Exactech Inc., Smith and Nephew, Zimmer Inc., Stryker, and Kinamed Inc.
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Regional Insights
Geographically, the knee replacement market spans across regions namely, North America, Europe, Asia Pacific, and the Middle East and Africa.
Among all the regions, the North American market is considered to be a growing market owing to the growing geriatric population affected by knee disorders. Also, growing awareness regarding joint treatments are further considered to drive the market during the assessment period. For instance, according to the American Joint Replacement Registry, more than 161,040 joint replacement procedures were performed in 2015.
Europe is presumed to be the second largest market after North America and is estimated to hold a noticeable share. The growth is attributed to the availability of advanced and innovative treatment facilities coupled with growing skilled medical professionals in this region. Also, with the growing geriatric population giving rise to patient population, the market is considered to expand at a rapid pace.
Asia Pacific is presumed to be the fastest growing market owing to the increasing prevalence of joint disorders such as osteoarthritis and arthritis. Increasing awareness about health along with availability of advanced treatment methods are likely to foster the market in this region.
Industry News
Almost 10,000 Americans having knee replacements will be able to funnel basic health data directly from their Apple watches to their surgeons under the supervision of a new app being tested by orthopedics company Zimmer Biomet. The multi-year study in collaboration with Apple Inc will allow doctors to gauge how well patients are following prescribed physiotherapy ahead of surgery.
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