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Knee Implants Market 2019 | Revenue Opportunies by Players Zimmer, Stryker, Smith & Nephew plc, Johnson & Johnson, DJO Global, Inc., Exactech, Inc., Zimmer Biomet Holdings, Inc., B. Braun Melsungen AG, MicroPort Scientific Corporation, DePuy Synthes, and

06-05-2019 12:30 PM CET | Health & Medicine

Press release from: Coherent Market Insights (CMI)

Knee Implants

Knee Implants

According to the Centers of Medicare and Medicaid Services (CMS) around, 10 percent of knee replacement surgeries in the U.S. are partial knee replacements. Generally, patients who have undergone the partial knee replacement have osteoarthritis in one compartment of their knee. In kneecap replacement only the under surface of the knee is replaced and it is a small joint replacement procedure.

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Furthermore, as per National Joint Registry, around 160,000 knee replacement procedures are performed as well as equal number knee joints are replaced, each year in England and Wales. Also, as per Organization for Economic Co-operation and Development (OECD), in the U.S., 226 per 1000 population knee replacement surgery were performed in 2013.

North America and Europe account for the major market share in the global knee implantation market. Asia Pacific is expected to witness rapid growth, attributed to the growing population in the age group of 20-65 years, in this region. This growth is supported by development of healthcare infrastructure and increasing availability of healthcare facilities. Growing population and prevalence of bone and joint disorders are also expected to fuel growth of the global knee implant market.

According to Centers for Disease Control and Prevention (CDC), during 2013-2015, around 54.4 million adults in the U.S. (22.7%) yearly suffered from some form of arthritis such as rheumatoid arthritis, gout, lupus, or fibromyalgia. According to the National Center for Biotechnology Information (NCBI), in 2016 the prevalence of knee arthritis in India was found to be around 28.7% in overall population. Furthermore, as per National Center for Health Statistics (NCHS), during 2011–2014, the prevalence of obesity was around 36% in adults and 17% in youth in the U.S.

Growing obese population in emerging economies is expected to boost growth of the knee implantation market. According to World Health Organization (WHO), in 2014, the obese adult population in China was around 6.9% and in India was around 4.9%, and the number is expected to increase rapidly.

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Key players operating in the knee implantation market include Zimmer, Stryker, Smith & Nephew plc, Johnson & Johnson, DJO Global, Inc., Exactech, Inc., Zimmer Biomet Holdings, Inc., B. Braun Melsungen AG, MicroPort Scientific Corporation, DePuy Synthes, and Arthrex.

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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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