Knee Replacement Market 2020-28 gigantic growth in healthcare at CAGR 3.7% with B. Braun (Aesculap Implants Systems LLC), Corin Group

Latest research on Knee Replacement Market report covers forecast and analysis on a worldwide, regional and country level. The study provides historical information of 2016-2021 together with a forecast from 2021 to 2026 supported by both volume and revenue (USD million). The entire study covers the key drivers and restraints for the Knee Replacement market. this report included a special section on the Impact of COVID19. Also, Knee Replacement Market (By major Key Players, By Types, By Applications, and Leading Regions) Segment’s outlook, Business assessment, Competition scenario and Trends. The report also gives 360-degree overview of the competitive landscape of the Knee Replacement industry.

Knee Replacement Market is growing at a CAGR of 3.7% during the forecast period (2021-2026).

The Knee Replacement market is highly competitive and consists of a number of major players. Top Companies like B. Braun (Aesculap Implants Systems LLC), Corin Group, Johnson & Johnson (DePuy Synthes Companies), Smith & Nephew PLC, Stryker Corporation, Zimmer Biomet, Exactech Inc., Medacta, MicroPort Orthopedics Inc., Medtronic PLC

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Regional Analysis:

Furthermore, to broaden the understanding, researchers have studied the global Knee Replacement market from a geographical point of view, considering the potential regions and countries. The regional analysis will assist the market players in making sound decisions regarding their future investments.

Knee Replacement Market report includes the following geographic areas such as North America, Europe, China, Japan, Southeast Asia, India and ROW.

Scope of the Report

The knee replacement market is majorly driven by the increasing geriatric population giving rise to old-age ailments such as arthritis, osteoporosis, and diabetes. Additionally, rising technological advancements such as minimally invasive surgeries along with presence of better implant materials are likely to drive the growth of knee replacement market.

Osteoarthritis (OA) is found affecting older adults and is the most common form of arthritis. It is a leading cause of chronic pain and physical disability in older individuals. In terms of prevalence, OA ranks fifth, among all forms of disabilities, globally.

According to the statistics of Arthritis Foundation in 2017, an estimated 30.8 million adults were observed to be suffering from OA, and in the United States, 14 million individuals were found to be suffering from symptomatic knee osteoarthritis. The prevalence of OA increases with age. OA has been observed in up to 80% of people, over the age of 65, in the high-income countries. As the global population continues to age, it is estimated that degenerative joint disease disorders, such as OA, may impact at least 130 million individuals around the world, by 2050.

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Key Market Trends

Hospitals Segment is Expected to Hold the Largest Share of the Market

The hospitals segment has the largest share in the market, as majority of knee replacement surgeries are conducted in hospitals, due to the availability of advanced technologies and trained professionals in these healthcare settings. Additional provision and intensive care provided post the surgical procedures in hospital are expected to fuel the growth of this end user segment of the market.

North America Holds the Largest Share of the Knee Replacement Market

North America dominates the market, due to the presence of major market players and increase in prevalence of people suffering from degenerative diseases. In the United States, every year, more than 300,000 knee replacement procedures are performed, and the number is expected to increase by 525, by the year 2030. Additionally, researchers of the National Institutes of Health’s (NIH) and National Institute of Arthritis and Musculoskeletal and Skin Diseases (NIAMS) are focusing on improving the knee replacement surgery by replacing the weight-bearing surfaces of the knee joint. Owing to these factors and the high prevalence of osteoarthritis in the region, the market is expected to grow further, over the forecast period.

What are the market factors that are explained in the report?

–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

–Analytical Tools: Knee Replacement Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market. 

The research includes historic data from 2015 to 2020 and forecasts until 2026 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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