Global Knee Replacement Market Projection By Dynamics, Trends, Predicted Revenue, Regional Segmented, Outlook Analysis & Forecast Till 2028
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.
The coronavirus crisis has caused immense damage to the world's economy. We understand that this health emergency has negatively impacted various sectors across the globe. Rising support from governments and several companies can help in the fight against this highly infectious virus. There are some industries that are struggling and some are thriving. More or less, nearly every sector is estimated to be impacted by this pandemic.
We are perpetually working on our reports to help uplift businesses in this crucial time. Our expertise and experience can offer enormous benefits to help regain during this global pandemic.
Request for Free Sample Report PDF @ https://www.fortunebusinessinsights.com/enquiry/sample/knee-replacement-implants
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
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.
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.
September 2017: Zimmer Biomet introduced Persona Partial Knee System, the latest addition to its portfolio of personalized and anatomically designed knee implant systems.
Ask for Customization @ https://www.fortunebusinessinsights.com/enquiry/customization/knee-replacement-implants
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
Related Article @ https://marketresearchreportsfbi.wordpress.com
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.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune - 411045, Maharashtra, India.
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. We aim to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Knee Replacement Market Projection By Dynamics, Trends, Predicted Revenue, Regional Segmented, Outlook Analysis & Forecast Till 2028 here
News-ID: 2557905 • Views: 155
More Releases from Fortune Business Insights™ Pvt. Ltd.
Global Dermatophytic Onychomycosis Treatment Market Size Covered By Global Analy …
Market Overview The global dermatophytic onychomycosis treatment market size is predicted to reach USD 6.63 billion by 2028, exhibiting a CAGR of 7.4% during the forecast period. The rising prevalence of diabetes and incidences of chronic nail fungus infection will lead to heavy demand for dermatophytic onychomycosis treatment, which, in turn, will foster the growth of the market, it is mentioned in a report, titled "Dermatophytic Onychomycosis Treatment Market Size, Share
Global Wound Care Market Size Covered By Global Analysis, Share, Segment, Type, …
Market Overview A comprehensive analysis of the various factors and parameters is carried out to present the report on the global Wound Care Market. The marker concentration in the global market as well as the revenue that is earned from the different market segments that comprise the Wound Care Market have been identified and are evaluated in the report. The market status from the year 2022 to the year 2028 that
Telerehabilitation Market: Collaborative Efforts by Hinge Health Inc., Doctor on …
Market Overview: The global telerehabilitation market size is poised to rise remarkably in the coming years attributable to the technological advancements in the field of healthcare services in collaboration with information, technology, and communications. Telerehabilitation is a medical service for people preferring to stay at home and avail treatment and services. As per a recent report by Fortune Business Insights, titled, "Telerehabilitation Market Size, Share and Industry Analysis By Type (Products,
Coronary Stents Market 2020 Trends, Market Share, Industry Size, Opportunities, …
Market Overview: The global coronary stents market size is projected to reach USD 8.08 billion by the end of 2027. High investment in technological intervention has opened up a huge potential for market growth. According to a report published by Fortune Business Insights, titled "Coronary Stents Market Size, Share and Global Trend by Deployment (Self and Balloon-expandable), Stent Type (Drug Eluting Stent, Bioresorbable Stent, Bare Metal Stent, Covered Stent and Others),
More Releases for Knee
Knee Sleeve Review 2022: (Must Read!) Is Knee Sleeve Working or Fake?
As people become older, the lubrication that surrounds their knee caps wears off, making them more susceptible to injury. The pain may eventually become intolerable with long-distance walking, frequent use of the knee, particularly on rough surfaces, and other daily activities. When this happens, a person can discover that they are unable to continue with their regular routines. To solve this problem, get our Knee Sleeves and use them in
Knee Orthosis Market Increasing Demand By Type: With Knee Pads, Knee Has Opening …
Acumen Research and Consulting has announced the addition of the "Knee Orthosis Market” report to their offering. The Knee Orthosis Market Report 2018 is an in depth study analyzing the current state of the Knee Orthosis Market. It provides brief overview of the market focusing on definitions, market segmentation, end-use applications and industry chain analysis. The study on Knee Orthosis Market provides analysis of China market covering the industry trends, recent
PentagonFit Knee Compression Sleeves Review: Read This Before Buying This Knee C …
What are PentagonFit Knee Sleeves? PentagonFit Knee Sleeves is a knee compression sleeve that can also serve as a support for injury prevention. It is designed to strengthen the knee and to help relieve pain in the knee. (Any/all of the links on this post are affiliate links of which the author receives a small commission from sales of this product/service, but the price is the same to you.) Click on the
Knee Reconstruction Materials Market - Knee Replacement Surgery Driving the Glob …
This study researches the market size of Knee Reconstruction Materials in United States, European Union and China, presents the Knee Reconstruction Materials production, consumption, value, product price, market share and growth rate by companies, type and application, history breakdown data from 2013 to 2018, and forecast to 2025. For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth
Knee Replacement Market Analysis By Product Type (Primary Knee Replacement, Part …
Rapidly increasing geriatric population coupled with growing prevalence of the degenerative disease has been stimulating the growth of knee replacement market. Technologically advanced implant material coupled with development of the customized replacement implants has been forecasted to gain significant traction in knee replacement market. Growing awareness regarding the advantages of knee replacement has resulted in increased number of adult population undergoing early knee replacement surgeries. Rising demand for usage of
Knee Bursitis | Inside the Knee Bursitis Industry's Explosive Growth In UK & USA
Knee bursitis is inflammation of a small fluid-filled sac (bursa) situated near the knee joint. Bursae reduce friction and cushion pressure points between bones and the tendons, muscles, and skin near joints. Knee bursitis signs and symptoms vary, depending on which bursa is affected and what's causing the inflammation. Generally, the affected portion of knee might feel warm, tender, and swollen when pressure is applied. But most cases of knee