Knee Replacement Devices Market Overview
The study examines the global Knee Replacement Devices market in depth, precisely, and thoroughly, with an emphasis on market dynamics, market competition, regional growth, segmental analysis, and important growth plans. The study includes data on market growth as well as market segmentation by region, product type, application, and industry end-use. Using the most recent Knee Replacement Devices Market research techniques and technology, experts give precise and exact marketing research reports. This analysis thoroughly examines the Knee Replacement Devices market size and share, as well as a wide number of industrial verticals.
Analyzing the Market for Knee Replacement Devices and Its Growth:
The Knee Replacement Devices Market size was valued at USD 9.62 Billion. in 2022 and the total Knee Replacement Devices revenue is expected to grow at a CAGR of 3.75% from 2023 to 2029, reaching nearly USD 12.45 Billion.
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Knee Replacement Devices Market Scope and Methodology:
The comprehensive report on the Knee Replacement Devices market offers an extensive review, providing clients with valuable insights to identify opportunities and formulate effective market strategies. Through a blend of primary and secondary data sources, the study collected qualitative and quantitative information. Industry experts were interviewed to gain in-depth insights, and secondary sources such as press releases and financial reports were also consulted.
The report emphasizes drivers, challenges, major restraints, and opportunities influencing the Knee Replacement Devices market. Utilizing a bottom-up approach, the market size was determined with segmentation based, enabling analysis of various factors impacting growth. Additionally, emerging regions with potential were identified. SWOT and PESTLE analyses assessed the market’s strengths, weaknesses, and potential microeconomic impacts, providing valuable insights into market dynamics and future prospects.
Knee Replacement Devices Market Dynnamics:
Knee osteoarthritis is extremely common.
The global incidence of knee osteoarthritis is projected to be one of the primary causes driving up demand for bone procedures in the coming years. During the projection period, demand for knee replacement devices/implants is predicted to rise due to an increase in the adult population’s diagnosis rate of knee arthritis. According to the Osteoarthritis Research Society International (OARSI), the prevalence rate of worldwide knee osteoarthritis is predicted to reach 5% by 2030 and is expected to rise with the ageing population. According to the Arthritis Foundation, the age group 55 to 64 years has the greatest prevalence rate of knee osteoarthritis in the United States each year.
Market Segment Distribution:
by Procedure Type
1. Total Knee Replacement
2. Partial Knee Replacement
3. Revision Knee Replacement
Total knee arthroplasty held a 62% market share and dominated the knee replacement devices market in 2022, according to Procedure Type. During the projection period, the segment is expected to develop at a CAGR of 3.68%. The final treatment for symptomatic end-stage osteoarthritis of the knee is surgical knee replacement, often known as total knee arthroplasty (TKA) or complete knee replacement. Four million of the estimated 11 million adults in the United States with this diagnosis have received knee replacement surgery. In 2018, 700,000 major TKA procedures are scheduled to be performed, representing an 86% increase over 2015.
Developing lifestyles, for example, have been linked to a rise in the need and prevalence of knee replacements.
by Implant Type
1. Fixed Bearing
2.Mobile Bearing
3. Others
Based on Implant Types, the Fixed Bearing segment dominated the knee replacement devices market in 2022, and it is predicted to grow at the fastest CAGR and continue its dominance at the end of the forecast period. Fixed-bearing implants are popular because they are long-lasting and provide exceptional mobility. In fixed-bearing implants, polyethylene inserts are inserted into a tibial tray. Although fixed-bearing knee prosthesis have been clinically effective, long-term failures have occurred due of loosening or polyethylene wear.
A fixed-bearing prosthesis with a high conformity surface (so-called round-on-round) provides low contact stress, but excessive torque at the bone-implant interface may cause loosening.
by End-User
1. Hospitals
2. Orthopedic Clinics
3. Ambulatory Surgery Centers
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Knee Replacement Devices Market Key Players:
1. DePuy Synthes
2. Zimmer Biomet
3. Stryker
4. Smith+Nephew
5. Aesculap Implants Systems, LLC
6. Exactech, Inc.
7. Medacta
8. MicroPort Scientific
9. CONMED
10. Kinamed, Inc.
11. ConforMIS
12. OMNIlife science, Inc.
13. Allegra Orthopaedics Limited
14. Johnson & Johnson
15. ORTOSINTESE
16. Elite Surgical
17. Arthrex
18. Ortho Development
19. Baumer
20. PETER BREHM
Knee Replacement Devices Market Regional Insights
The Knee Replacement Devices market is broadly segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The report includes a thorough analysis of all the factors, market size, growth rate, and import and export in regions. The Regional Analysis provides the Knee Replacement Devices market status of various countries included in the report.
Key questions answered in the Knee Replacement Devices Market are:
- What is Knee Replacement Devices?
- What was the Knee Replacement Devices market size in 2024?
- What is the growth rate of the Knee Replacement Devices Market?
- Which are the factors expected to drive the Knee Replacement Devices market growth?
- What are the different segments of the Knee Replacement Devices Market?
- What growth strategies are the players considering to increase their presence in Knee Replacement Devices?
- What are the upcoming industry applications and trends for the Knee Replacement Devices Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Knee Replacement Devices Market?
- What major challenges could the Knee Replacement Devices Market face in the future?
- What segments are covered in the Knee Replacement Devices Market?
- Who are the leading companies and what are their portfolios in Knee Replacement Devices Market?
- What segments are covered in the Knee Replacement Devices Market?
- Who are the key players in the Knee Replacement Devices market?
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Key Offerings:
- Past Market Size and Competitive Landscape (2019 to 2023)
- Past Pricing and price curve by region (2019 to 2023)
- Market Size, Share, Size & Forecast by different segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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