DUBLIN, January 24, 2023 /PRNewswire/ — The “Total Knee Replacement Market: Global Industry Size, Share, Trends, Opportunities, and Forecast, 2018-2028 Segmented by Cause, Material, Implant Fixation, End User, Region, Competition, and Forecast & Opportunities, 2028” the report was added to researchandmarkets.com offering.
The global total knee replacement market is expected to witness significant growth during the forecast period, 2024-2028.
The increasing prevalence of osteoarthritis, coupled with the increase in the geriatric population, is anticipated to drive market growth in the coming years. Increasing public awareness of new knee implant innovations and designs and advanced technologies such as robotic-assisted knee surgeries are increasing the demand for knee replacement medical procedures around the world.
This contributes to the growth of this market. For example, in 2021, Zimmer Biomet Holdings, Inc. and Canary Medical declared that the US Food and Drug Administration (FDA) granted De Novo classification and marketing authorization for the Persona IQ Tibial Extension, the The world’s first and only FDA-cleared smart knee for total knee replacement surgery.
Knee replacement, also known as knee arthroplasty, is joint surgery to replace affected parts of the knee to alleviate pain and disability. A knee replacement medical procedure is performed on patients diagnosed with osteoarthritis.
However, the high cost of knee replacement procedures makes it impossible for ordinary people to opt for them, which, in turn, is restricting the growth of the market. Furthermore, the limited availability of qualified surgeons in developing regions is expected to reduce the growth of the market.
The global total knee replacement market is segmented into cause, material, implant fixation, end user, company, and region. The cause segment is further divided into osteoarthritis, rheumatoid arthritis, and post-traumatic arthritis. The osteoarthritis segment is expected to have the largest share during the forecast period. This is attributed to the rapidly increasing geriatric population, the increasing number of people suffering from osteoarthritis, and the increase in injury cases.
Based on the region, North America has accounted for the largest market share in the year 2022. This is due to the presence of several companies and hospitals based on total knee replacement along with the increasing adoption of advanced surgical procedures.
It’s more, Pacific Asia it is forecast to be the fastest growing market in the coming years. This is attributed to the large population, improved healthcare infrastructure and heavy investments in the healthcare sector.
The purpose of the study:
- To analyze and forecast the size of the global total knee replacement market.
- To classify and forecast the global Total Knee Replacement Market on the basis of cause, material, implant fixation, end-user, company, and region.
- Identify the drivers and challenges for the global total knee replacement market.
- To examine competitive developments such as expansions, new product launches, mergers and acquisitions, etc., in the global total knee replacement market.
- To carry out a price analysis for the global total knee replacement market.
- To identify and analyze the profile of the major players operating in the global Total Knee Replacement market.
competitive landscape
Company Profiles: Detailed analysis of the major companies present in the global total knee replacement market.
- Surg Tech Inc.
- Zimmer Biomet Holdings, Inc.
- Think Surgical Inc.
- Corin Group
- Smith & Nephew plc
- Stryker Corporation
- Aesculap, Inc.
- Medacta International SA
- Johnson & Johnson Services, Inc.
- Exactech, Inc.
Scope of the report:
Total knee replacement market, by cause:
- Osteoarthritis
- Rheumatoid arthritis
- post traumatic arthritis
Total Knee Replacement Market, By Material:
- metal-plastic
- ceramic-ceramic
- ceramic-plastic
- metal-metal
Total knee replacement market, by implant fixation:
- cemented
- cement less
- Hybrid
Total Knee Replacement Market, By End User:
- hospitals
- Orthopedic Centers
- Others
Total Knee Replacement Market, By Region:
- Pacific Asia
- Porcelain
- India
- Japan
- South Korea
- Australia
- Europe
- France
- Germany
- United Kingdom
- Italy
- Spain
- North America
- USA
- Mexico
- Canada
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
For more information on this report, please visit https://www.researchandmarkets.com/r/j584f4
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source of international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, top companies, new products and the latest trends.
Media contact: laura wood | +353-1-481-1716 | [email protected]
Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg
SOURCE Research and Markets
