Press release
Knee Replacement Market Projection by Technology, Top Key Players, Growth, Revenue, CAGR, Regional Analysis Industry Forecast - 2028
Market Overview:The global knee replacement market is expected to reach USD 12.48 billion by 2027, exhibiting a CAGR of 4.3% during the forecast period. The growing cases of arthritis among the general population can be a crucial factor augmenting the growth of the market, states Fortune Business Insights, in a report, titled “Knee Replacement Market Size, Share & COVID-19 Impact Analysis, By Procedure (Total Knee Arthroplasty, Partial Knee Arthroplasty, and Revision Arthroplasty) By Implant Type (Fixed Bearing, Mobile Bearing, and Others) End-user (Hospitals, Orthopedic Clinics, Ambulatory Surgical Centers, and Others) and Regional Forecast, 2020-2027” the market size stood at USD 9.45 billion in 2019.
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The report on the knee replacement market highlights:
Reliable insights on the latest developments
Obtained data with grander analysis
Key market drivers and trends
Comprehensive analysis of market players
Market Driver:
Rising Diagnosis Rate of Knee Arthritis to Bolster Growth
The surge in the geriatric population will create lucrative opportunities for the market in the forthcoming years. According to the Arthritis Foundation, the annual incidence of knee osteoarthritis in the United States is highest between the age group 55 and 64 years old. The rapid surge in diagnosis of knee arthritis among the adult population is expected to enable speedy expansion of the market in the forthcoming years. The rising prevalence of knee osteoarthritis is a key factor in promoting the growth of the market. According to the Osteoarthritis Research Society International (OARSI), the prevalence of global knee osteoarthritis is likely to reach 5% with the rise in the aging population. The growing number of knee replacement surgeries around the world is likely to have a positive effect on the market. According to the Agency for Healthcare Research and Quality (AHRQ), more than 600,000 knee replacement surgeries are performed in the United States every year. Additionally, the surge in healthcare expenditure is predicted to spur lucrative opportunities for the market in the foreseeable future.
Regional Analysis:
Favorable Reimbursement Policies to Favor Growth in North America
The market size in North America generated a revenue of USD 5.05 billion in 2019 and is expected to witness a high growth rate during the forecast period. The growth in the region is attributed to the rising geriatric population. The rising inclination towards computer-aided implant designs will foster healthy growth in North America. The robotic-assisted surgeries and favorable reimbursement policies in the U.S will aid the expansion of the market during the forecast period. Europe is expected to rise tremendously due to the rising number of chronic diseases such as diabetes. The growing prevalence of the bone disease will further speedy expansion of the market. The Innovations in material and design of the implants is expected to boost the growth of the market. The presence of leading players and their strong distribution network will contribute positively to the growth of the market. The surging demand for knee replacement procedures will further support the development of the market in the region. The market in Asia Pacific is predicted to witness a high growth rate owing to the increasing prevalence of knee disorder. The booming medical tourism increased disposable incomes, and improved healthcare infrastructure will influence the healthy growth of the market in Asia Pacific.
Key Development:
September 2017: Zimmer Biomet introduced Persona Partial Knee System, the latest addition to its portfolio of personalized and anatomically designed knee implant systems.
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The Report Lists the Main Companies in the Knee Replacement Market:
Zimmer Biomet (Indiana, U.S.)
Stryker (Michigan, U.S.)
DePuy Synthes Companies (Johnson & Johnson Services, Inc.) (Indiana, U.S.)
Smith & Nephew (London, U.K.)
Aesculap, Inc.– a B. Braun company (Center Vally, USA)
Medacta International (Castel San Pietro, Switzerland)
MicroPort Scientific Corporation (Shanghai, China)
Conformis (Massachusetts, U.S.)
Other Prominent Players
Speak To Analyst @ https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/knee-replacement-implants-market
Table Of Content:
Introduction
Research Scope
Market Segmentation
Research Methodology
Definitions and Assumptions
Executive Summary
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Key Insights
Prevalence of Knee Osteoarthritis by key Country/Region-2019
Technological Advancements in Knee Implants
Overview of Number of Knee Replacement Surgeries by key Country/Region-2019
The Regulatory Scenario by Key Country/Region
key Industry Developments-Mergers, Acquisitions, Partnerships, & New Product Launch)
Impact of COVID-19 on Knee Replacement Market
Global Knee Replacement Market Analysis, Insights and Forecast, 2016-2027
Key Findings / Summary
Market Analysis, Insights and Forecast – By Procedure
Total Knee Arthroplasty
Partial Knee Arthroplasty
Revision Arthroplasty
Market Analysis, Insights and Forecast – By Implant Type
Fixed Bearing
Mobile Bearing
Others
Market Analysis, Insights and Forecast – By End User
Hospitals
Orthopedic Clinics
Ambulatory Surgery Centers
Others
Market Analysis, Insights and Forecast – By Region
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
North America Knee Replacement Market Analysis, Insights and Forecast, 2016-2027
Key Findings / Summary
Market Analysis – By Procedure
Total Knee Arthroplasty
Partial Knee Arthroplasty
Revision Arthroplasty
Market Analysis – By Implant Type
Fixed Bearing
Mobile Bearing
Others
Market Analysis – By End User
Hospitals
Orthopedic Clinics
Ambulatory Surgery Centers
Others
Market Analysis – By Country/Sub-region
S.
Canada
Europe Knee Replacement Market Analysis, Insights and Forecast, 2016-2027
Key Findings / Summary
Market Analysis – By Procedure
Total Knee Arthroplasty
Partial Knee Arthroplasty
Revision Arthroplasty
Market Analysis – By Implant Type
Fixed Bearing
Mobile Bearing
Others
Market Analysis – By End User
Hospitals
Orthopedic Clinics
Ambulatory Surgery Centers
Others
Market Analysis – By Country/Sub-region
K.
Germany
France
Spain
Italy
Scandinavia
Rest of Europe
Asia Pacific Knee Replacement Market Analysis, Insights and Forecast, 2016-2027
Key Findings / Summary
Market Analysis – By Procedure
Total Knee Arthroplasty
Partial Knee Arthroplasty
Revision Arthroplasty
Market Analysis – By Implant Type
Fixed Bearing
Mobile Bearing
Others
Market Analysis – By End User
Hospitals
Orthopedic Clinics
Ambulatory Surgery Centers
Others
Market Analysis – By Country/Sub-region
Japan
China
India
Australia
Southeast Asia
Rest of Asia Pacific
Latin America Knee Replacement Market Analysis, Insights and Forecast, 2016-2027
Key Findings / Summary
Market Analysis – By Procedure
Total Knee Arthroplasty
Partial Knee Arthroplasty
Revision Arthroplasty
Market Analysis – By Implant Type
Fixed Bearing
Mobile Bearing
Others
Market Analysis – By End User
Hospitals
Orthopedic Clinics
Ambulatory Surgery Centers
Others
Market Analysis – By Country/Sub-region
Brazil
Mexico
Rest of Latin America
Middle East & Africa Knee Replacement Market Analysis, Insights and Forecast, 2016-2027
Key Findings / Summary
Market Analysis – By Procedure
Total Knee Arthroplasty
Partial Knee Arthroplasty
Revision Arthroplasty
Market Analysis – By Implant Type
Fixed Bearing
Mobile Bearing
Others
Market Analysis – By End User
Hospitals
Orthopedic Clinics
Ambulatory Surgery Centers
Others
Market Analysis – By Country/Sub-region
GCC Countries
South Africa
Rest of Middle East & Africa
Competitive Analysis
Key Industry Developments
Global Market Share Analysis (2019)
Competition Dashboard
Comparative Analysis – Major Players
Company Profiles (Overview, Products & services, SWOT analysis, Recent developments, strategies, financials (based on availability))
Zimmer Biomet
Stryker
DePuy Synthes Companies (Johnson & Johnson Services, Inc.)
Smith & Nephew
Aesculap, Inc.– a B. Braun company
Medacta International
MicroPort Scientific Corporation
Conformis
Other Prominent Players
Strategic Recommendations
Related Article @ https://marketresearchreportsfbi.wordpress.com/2021/10/21/orthopedic-joint-replacement-market-share-size-trends-insights-forecast-to-2028/
NOTE: Our team is studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.
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