Partial Knee Arthroplasty Market Insights on Business Strategies, Share, and Growth for 2023-2030| Medacta International, Stryker Corporation, Smith & Nephew Plc

Market Overview:

Partial knee arthroplasty, also known as unicompartmental knee arthroplasty (UKA), involves replacement of only one compartment of the knee joint. This procedure allows for the preservation of healthy parts of knee and provides pain relief to patients suffering from osteoarthritis in a single compartment of knee.

Market Dynamics:

The partial knee arthroplasty market is expected to witness significant growth over the forecast period 2023-2030 driven by increasing prevalence of knee osteoarthritis globally. According to Arthritis Foundation, osteoarthritis is the most common form of arthritis and a leading cause of disability worldwide. It stated that over 30 million adults have been diagnosed with osteoarthritis. In addition, another driver propelling the market growth is growing number of knee replacement surgeries annually worldwide. For instance, Organisation for Economic Co-operation and Development (OECD) estimated over 3.48 million knee replacement procedures were performed in 2017 worldwide which is expected to reach 5.72 million by 2030. However, high cost of partial knee replacement surgeries as compared to total knee replacement procedures and availability of alternative treatment options may hinder the market growth during the forecast period.

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Key Drivers Enabling Growth of Partial Knee Arthroplasty Market

Rising Geriatric Population and Prevalence of Knee Joint Disorders

The rising geriatric population is one of the major factors contributing to the growth of the partial knee arthroplasty market. Old age is one of the prominent risk factors for the development of knee joint disorders like osteoarthritis. According to the United Nations, the population aged 60 years and above is expected to reach 2.1 billion by 2050 from 1.0 billion in 2019. With aging, the incidence of knee osteoarthritis also rises steadily. This growing elderly demographic will augment the demand for partial knee replacement procedures in the coming years.

Advantages Over Total Knee Arthroplasty

Partial knee arthroplasty has certain advantages over total knee arthroplasty that are supporting its increasing adoption. Partial knee replacement helps preserve the patient's natural knee joint and retains more of the patient's native bone and soft tissues around the knee. This results in less invasiveness, quicker recovery times, and superior post-operative function when compared to total knee replacement. Moreover, partial knee replacement poses a lower risk of dislocation and instability. Owing to these benefits, partial knee arthroplasty is preferred for treating isolated compartment arthritis instead of opting for complete knee replacement.

Key Restrain Impacting Partial Knee Arthroplasty Market

Lack of Long-Term Clinical Efficacy Data

Even though partial knee arthroplasty has gained popularity in recent times, there exists a lack of long-term clinical data evaluating the longevity and outcomes of these procedures. Most published studies on partial knee implants report on mid-term outcomes of 5-10 years. However, the evidence regarding long-term survivorship and functional outcomes beyond 10-15 years is limited. The risk of early implant failure or need for revision surgery due to unforeseen wear and tear cannot be ruled out in the long run due to absence of long-term data. This acts as a key concern inhibiting greater utilization of partial knee implants.

Key Opportunity for Partial Knee Arthroplasty Market

Growing Younger Patient Demographic

A promising opportunity for partial knee arthroplasty providers lies in targeting younger patients aged less than 65 years with isolated compartment osteoarthritis. Traditionally, partial knee replacement was considered mainly for the elderly. However, factors such as rising obesity rates are contributing to early onset of knee osteoarthritis even in younger individuals. Partial knee implants can provide an attractive alternative to total knee replacement for active middle-aged patients seeking joint preservation. With ongoing R&D towards improving implant materials and techniques, partial knee replacement stands to gain larger acceptance among younger patients in the future if long-term outcomes can be demonstrated. This presents a lucrative avenue for market expansion.

Emerging Trends in Partial Knee Arthroplasty Market

Increasing Adoption of Minimally Invasive Surgical Techniques

One of the key trends gaining momentum in the partial knee arthroplasty market involves the increasing utilization of minimally invasive surgical (MIS) techniques for implant placement. Procedures involving minimal incision and tissue dissection are linked to faster recovery and reduced post-operative complications compared to traditional open surgeries. Leading manufacturers are coming up with novel instruments and implants specific to MIS strategies to make such procedures more viable. The adoption of minimally invasive partial knee replacement reflects the importance of surgical refinements in delivering improved clinical outcomes. As MIS techniques become more mainstream, they will expand the potential patient pool in the long run.

List of TOP Players in Market Report are: -

â—˜ Corin Group
â—˜ Depuy Synthes (J&J)
â—˜ Exactech Inc.
â—˜ Lepu Medical Technology (Beijing) Co., Ltd.,
â—˜ Medacta International
â—˜ Stryker Corporation
â—˜ Smith & Nephew Plc
â—˜ Zimmer Biomet Holdings
â—˜ B. Braun Medical (India) Pvt. Ltd.
â—˜ Gruppo Bioimpianti
â—˜ Bodycad
â—˜ Exactech Inc.
â—˜ Arthrex Inc.

Note: Major Players are sorted in no particular order.

Market Detailed Segmentation:

By Implant Type:

Fixed Bearing
Mobile Bearing
Medical Pivot
Posterior Cruciate Ligament Retaining (Non-constrained)
Posterior Cruciate Ligament Substituting (Constrained)
Gender Specific

By End User:

Hospitals
Orthopedic Clinics
Ambulatory Surgical Centers
Others

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Furthermore, the years considered for the study are as follows:

Historical data - 2016-2021
The base year for estimation - is 2021
Estimated Year - 2023
Forecast period** - 2023 to 2030

This Partial Knee Arthroplasty Market Research/Analysis Report Contains Answers to your following Questions:

â—ˆWhat are the current global trends in the Partial Knee Arthroplasty market, and will the market experience an increase or decrease in demand in the upcoming years?

â—ˆ What is the expected demand for various product types within the Partial Knee Arthroplasty market, and what are the emerging Market applications and trends?

â—ˆ What are the projections for the global Partial Knee Arthroplasty Market in terms of capacity, production, production value, cost, profit, market share, supply, consumption, import, and export?

â—ˆ How will strategic developments shape the Market trajectory in the medium to long term?

â—ˆ What factors contribute to the final price of Partial Knee Arthroplasty , and what are the raw materials used in its manufacturing?

â—ˆ What is the market's growth potential, particularly with the increasing adoption of Partial Knee Arthroplasty in mining?

â—ˆ What is the current and 2022 value of the global market, and who are the leading companies in this market?

â—ˆ What recent Market trends can be leveraged to create additional revenue streams?

â—ˆ What entry strategies, economic impact mitigation measures, and marketing channels should be considered for the Partial Knee Arthroplasty Market?

Summarized Extracts from TOC of Market Study

Chapter 1 Partial Knee Arthroplasty Introduction and Market Overview

1.1 Objectives of the Study

1.2 Overview of Partial Knee Arthroplasty

1.3 Scope of The Study

1.3.1 Key Market Segments

1.3.2 Players Covered

1.3.3 COVID-19's impact on the Partial Knee Arthroplasty industry

1.4 Methodology of The Study

1.5 Research Data Source

Chapter 2 Executive Summary

Chapter 3 Industry Chain Analysis

Chapter 4 Market, by Type

Chapter 5 Market, by Application

Chapter 6 Market Analysis by Regions

Chapter 7 North America Market Analysis by Countries

Chapter 8 Europe Partial Knee Arthroplasty Market Analysis by Countries

Chapter 9 Asia Pacific Partial Knee Arthroplasty Market Analysis by Countries

Chapter 10 Middle East and Africa Partial Knee Arthroplasty Market Analysis by Countries

Chapter 11 South America Partial Knee Arthroplasty Market Analysis by Countries

Chapter 12 Competitive Landscape

Chapter 13 Industry Outlook

Chapter 14 Market Forecast

Chapter 15 New Project Feasibility Analysis

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