Knee Replacement Market Size Research Report: Information by Product Type (Total Knee Reconstructive Implants, Partial Knee Reconstructive Implants, Revision Knee Reconstructive Implants), Material (Metal Alloy, Ceramic Material, Strong Plastic Parts and Others), End User (Hospitals and Clinics, Specialty Centers, and Rehabilitation Centers), and Region (Americas, Europe, Asia-Pacific, and the Middle East & Africa)—Forecast till 2025
The Global Knee Replacement Market has been growing pervasively mainly due to the advancements in joint replacement surgeries. These advancements that have been changing the way these procedures are performed by providing each patient with a personalized surgical experience based on their specific diagnosis, pathology, and anatomy. The market has witnessed a number of such advancements over the past few years. For instance; Smart knee implants that work on an energy harvesting mechanism getting powered from motion and have built-in sensors to monitor changes in the activity. Another such advancement is robotic-arm assisted total knee application. This latest advancement in joint replacement surgery transforms the way total knee replacements are performed. These advancements are escalating the market on the global platform, making the knee replacement surgeries far easier for patients and surgeons. Acknowledging the colossal growth, the market is witnessing currently, Market Research Future (MRFR) in its recently published study report asserts that the global Knee Replacement Market Size is poised to expand enormously by 2023 registering a steady CAGR throughout the assessment period (2017 and 2023). Other major factors positively impacting market growth include the growing prevalence of knee-related pains and disorders. The increasing rate of geriatric population and the diseases associated with the growing age like osteoporosis, diabetes, obesity, and arthritis among others majorly drive the growth of the Knee Replacement Market Size. Moreover, knee injuries occurred during the sports and accidental injuries is another key growth driver of the market. Additionally, technological advancements transpired in the field of knee replacement surgeries and better implant materials are fostering the market growth of the market to an extent. Leverage to the advent technologies even younger generation is not shying away for undergoing the knee replacement surgeries. However, the Knee Replacement Market Size is expected to confront some challenging factors such as unaffordable costs associated with the surgeries, skepticism towards the benefits, and after effects or side effects occurred due to the surgeries are restricting the market growth. Also, factors such as the increasing number of OEM’s in the market and growing awareness for some non-surgical and alternative treatments & methods such as exercises, weight loss, walking aids, and pain killer medicines are hampering the market growth. Despite the above-mentioned market growth impeding factors, knee replacement is still widely adopted and a proven cure for extremely debilitating diseases, such as osteoarthritis. Browse Complete Report :https://www.marketresearchfuture.com/reports/knee-replacement-market-1578 Global Knee Replacement Market Size – Segmentations The report has been segmented into four key dynamics for enhanced understanding. By Type of Test : Revision Knee Reconstructive (RKR), Total Knee Replacement (TKR), and Partial (half) Knee Replacement (PKR) Implants among others. BY Material : Metal Alloy, Ceramic Material, and Strong Plastic Parts among others. By End-user : Hospital, Clinics, specialty centers, and Rehabilitation Centres among others. By Regions : Asia Pacific, North America, Europe, and the Rest-of-the-World. Global Knee Replacement Market Size – Geographical Analysis The North American region, heading with the availability of advanced knee replacement procedures dominates the global Knee Replacement Market Size. Moreover, factors like the increasing number of aging populations affected by knee joint disorders and the well-spread awareness towards joint related treatments foster the growth of the regional market. Additionally, growing government initiatives that have been funding several research and development activities in the knee implant industry to bring about technologically advanced products are pushing the growth of the market. The US backed by the increasing number of joint replacement procedures performed accounts for the leading market in the North American Region. The U.S. and Canada are the leading countries for revenue generation and market penetration across the globe. The European region, led by the availability of innovative and advanced treatment facilities and rising skilled medical professionals accounts for the second-largest Knee Replacement Market Size, globally. Furthermore, the increasing aged population is positively impacting the market growth, subsequently giving rise to the patient population. North America and Europe will be in close competition from 2017 to 2023. However, the North American region will continue to lead the global Knee Replacement Market Size throughout the forecast period. The Asia Pacific Knee Replacement Market Size, heading with the rising awareness about health and availability of new treatment methods, is rapidly emerging as a promising market, globally. China, backed by the large patient population and increasing geriatric populace holds the dominant share in the Knee Replacement Market Size in the region. Moreover, factors such as the increasing prevalence of joint disorders such as arthritis and osteoarthritis alongside the increasing per capita healthcare expenditures, and the overall growth of the healthcare diagnostic & treatment industry propel the growth of the regional market.
Global Knee Replacement Market Size – Competitive Landscape Characterized by the presence of well-established players; Knee Replacement Market Size appears to be highly competitive. Well established players incorporate distribution partnerships and partnerships with universities and research institutes along with the prevailing trends such as mergers & acquisitions, collaboration, expansion, partnership, and product launch in order to gain a competitive advantage in this market and to maintain their market position. The competition in the market is expected to intensify further owing to the new product launches and technological advancements through various R&D activities. Major Players: Key players leading the global Knee Replacement Market Size include ConforMIS, Stryker, Smith & Nephew, Zimmer Inc., DePuy Synthes Companies, Biomet, Inc., Wright Medical Group N.V., Exactech, Inc., and B. Braun Melsungen AG among others. Industry/Innovation/Related News: January 28, 2019 – Zimmer Biomet Holdings, Inc. (the US), a leading global medical device company announced receiving the 510(k) clearance from FDA for its robotic knee surgery system for total knee replacement surgeries. The robotic assistance platform – Rosa knee system includes three-dimensional, preoperative planning tools, and provides data on soft-tissue and bone anatomy during the procedure to help improve cutting accuracy and implant alignment. It also performs real-time range-of-motion analyses to help balance soft tissue in the joint on a patient-specific basis. The company mentioned that it is excited for the launch of Rosa Knee, that brings together Zimmer Biomet’s robotics technology with industry-leading knee implants to help surgeons personalize surgical procedures for their patients. NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and Wherever Required We Will be Considering Covid-19 Footprints for a Better Analysis of Markets and Industries. Cordially Get in Touch for More Details. |
Knee Replacement Market Set to Surge Significantly During 2017 to 2025
Knee replacement is a surgical procedure that minimizes pain and enhances the quality of life in patients with severe arthritis.
Furthermore, increasing penetration of pain treatments in cases of age-related joint disorders and other complications due to co-occurring diseases, such as diabetes and obesity, will drive the knee replacement industry.
According to Renub Research Analysis, Global Knee Replacement Market is expected to value more than US$ 12.87 Billion by the end of the year 2027.
Gender wise women account for a major share as patients since increased incidences of osteoarthritis and osteoporosis are more common in aged women.
In North America, the increasing demand for the young and active population is the main factor propelling the growth of the knee replacement industry.
In 2021, Zimmer Biomet Holdings, Inc., announced the ROSA® Partial Knee System for robotically-assisted partial knee replacement surgeries.
Global Knee Replacement Market Research Report: Information by Product Type (Total Knee Reconstructive Implants, Partial Knee Reconstructive Implants, Revision Knee Reconstructive Implants), Material (Metal Alloy, Ceramic Material, Strong Plastic Parts and Others), End User (Hospitals and Clinics, Specialty Centers, and Rehabilitation Centers), and Region (Americas, Europe, Asia-Pacific, and the Middle East & Africa)—Forecast till 2027Market ScenarioThe 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 arthroplasty or knee replacement is performed to replace damaged knee with artificial knee implants.Drivers and Constraints Impacting the MarketKnee replacement is highly driven by the geriatric population due to old age ailments such as osteoporosis, arthritis, and diabetes.
Also, the adaptation of sedentary lifestyle has led to obese population which is considered to foster the 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.Request Free Sample Copy @ https://www.marketresearchfuture.com/sample_request/1578Global Knee Replacement Market: Segmental AnalysisThe 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.Regional InsightsGeographically, 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.
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.
Knee replacement is a surgical procedure that minimizes pain and enhances the quality of life in patients with severe arthritis.
Furthermore, increasing penetration of pain treatments in cases of age-related joint disorders and other complications due to co-occurring diseases, such as diabetes and obesity, will drive the knee replacement industry.
According to Renub Research Analysis, Global Knee Replacement Market is expected to value more than US$ 12.87 Billion by the end of the year 2027.
Gender wise women account for a major share as patients since increased incidences of osteoarthritis and osteoporosis are more common in aged women.
In North America, the increasing demand for the young and active population is the main factor propelling the growth of the knee replacement industry.
In 2021, Zimmer Biomet Holdings, Inc., announced the ROSA® Partial Knee System for robotically-assisted partial knee replacement surgeries.
Global Knee Replacement Market Research Report: Information by Product Type (Total Knee Reconstructive Implants, Partial Knee Reconstructive Implants, Revision Knee Reconstructive Implants), Material (Metal Alloy, Ceramic Material, Strong Plastic Parts and Others), End User (Hospitals and Clinics, Specialty Centers, and Rehabilitation Centers), and Region (Americas, Europe, Asia-Pacific, and the Middle East & Africa)—Forecast till 2027Market ScenarioThe 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 arthroplasty or knee replacement is performed to replace damaged knee with artificial knee implants.Drivers and Constraints Impacting the MarketKnee replacement is highly driven by the geriatric population due to old age ailments such as osteoporosis, arthritis, and diabetes.
Also, the adaptation of sedentary lifestyle has led to obese population which is considered to foster the 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.Request Free Sample Copy @ https://www.marketresearchfuture.com/sample_request/1578Global Knee Replacement Market: Segmental AnalysisThe 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.Regional InsightsGeographically, 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.
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.