Global Knee Replacement Market - Segmented by Product, End-user, and Geography - Growth, Trends, and Forecast (2022 - 2030)
The global knee replacement market is expected to register a good CAGR during the forecast period, 2018 to 2023. Knee replacement or knee arthroplasty is a surgical procedure that is performed to replace the damaged knee with artificial knee implants. It is the most common joint replacement surgery that is undertaken by the patients having knee damage disease, like osteoarthritis, post-traumatic arthritis or rheumatoid arthritis. Knee replacement is one of the effective and widely used ways to relieve pain in the arthritis pain. Introduction of the advanced technologies and products is responsible for the growth of the knee replacement market in the forecast period.
Increasing Prevalence of Osteoarthritis
According to the American Joint Replacement Registry, around 87% of diagnosed osteoarthritis cases undergo knee arthroplasty. With the increase in the prevalence of osteoarthritis, the number of knee surgeries and adaption of sedentary lifestyle leading to obese population are expected to grow in the future and will ultimately lead to the growth of the market. The other factors, such as rise in number of knee injuries cases are driving the knee replacement market.
Reimbursement Issues
Many unwanted knee arthroplasty surgeries are performed in the United States, annually. To cut down the unnecessary knee surgeries, changes were made in the reimbursement policies. With such changes, surgeons are looking forward to alternatives and this may hamper the growth of the knee replacement market. The other factor, such as cost of the procedure is also hindering the growth of the market.
US Lead the Market in North America Region
The US knee replacement market holds the largest market share in 2017 in North America region due to the presence of high quality healthcare system. In the APAC sector, China and South Korea have been identified as potential emerging markets.
Key Developments in the Market:
• February 2018 – Stryker has completed the acquisition of Entellus Medical
Major Players: AESCULAP IMPLANTS SYSTEMS,LLC., CORIN GROUP, DEPUY SYNTHES, SMITH & NEPHEW, STRYKER CORPORATION, ZIMMER HOLDINGS INC., among others.
Reasons to Purchase this Report
• Current and future knee replacement market outlook in the developed and emerging markets
• Analyzing various perspectives of the market with the help of Porter’s five forces analysis
• The segment that is expected to dominate the market
• Regions that are expected to witness fastest growth during the forecast period
• Identify the latest developments, market shares, and strategies employed by the major market players
• 3-month analyst support, along with the Market Estimate sheet (in excel)
Customization of the Report
• This report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs
Increasing Prevalence of Osteoarthritis
According to the American Joint Replacement Registry, around 87% of diagnosed osteoarthritis cases undergo knee arthroplasty. With the increase in the prevalence of osteoarthritis, the number of knee surgeries and adaption of sedentary lifestyle leading to obese population are expected to grow in the future and will ultimately lead to the growth of the market. The other factors, such as rise in number of knee injuries cases are driving the knee replacement market.
Reimbursement Issues
Many unwanted knee arthroplasty surgeries are performed in the United States, annually. To cut down the unnecessary knee surgeries, changes were made in the reimbursement policies. With such changes, surgeons are looking forward to alternatives and this may hamper the growth of the knee replacement market. The other factor, such as cost of the procedure is also hindering the growth of the market.
US Lead the Market in North America Region
The US knee replacement market holds the largest market share in 2017 in North America region due to the presence of high quality healthcare system. In the APAC sector, China and South Korea have been identified as potential emerging markets.
Key Developments in the Market:
• February 2018 – Stryker has completed the acquisition of Entellus Medical
Major Players: AESCULAP IMPLANTS SYSTEMS,LLC., CORIN GROUP, DEPUY SYNTHES, SMITH & NEPHEW, STRYKER CORPORATION, ZIMMER HOLDINGS INC., among others.
Reasons to Purchase this Report
• Current and future knee replacement market outlook in the developed and emerging markets
• Analyzing various perspectives of the market with the help of Porter’s five forces analysis
• The segment that is expected to dominate the market
• Regions that are expected to witness fastest growth during the forecast period
• Identify the latest developments, market shares, and strategies employed by the major market players
• 3-month analyst support, along with the Market Estimate sheet (in excel)
Customization of the Report
• This report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs
Frequently Asked Questions
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