Knee Replacement Market Top Key Players | Zimmer Biomet, Stryker, Smith & Nephew, Medacta International, MicroPort Scientific Corporation and more Forecast till 20226

(The Express Wire via Comtex)

The report scrutinizes the market by an exhaustive analysis on Global Knee Replacement Market dynamics, market size, current trends, issues, challenges, Forecast, competition analysis, and companies involved.

The global knee replacement market will derive growth from recent advancements in the material associated with the surgical procedures. According to a report published by Fortune Business Insights, titled “Knee Replacement Market Size, Share and Industry 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 Centres, and Others) and Regional Forecast, 2019-2026,” the market size was USD 9.06 Bn in 2018 and is projected to reach USD 12.72 billion by 2026, exhibiting a CAGR of 4.3% during the forecast period.

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Some of the leading companies that are operating in the global knee replacement market are:

  • Zimmer Biomet
  • Stryker
  • DePuy Synthes Companies (Johnson and Johnson Services, Inc.)
  • Smith and Nephew
  • Aesculap, Inc. a B. Braun company
  • Medacta International
  • MicroPort Scientific Corporation
  • Conformis

Recent material innovations in the equipment associated with knee replacement surgeries have opened up a huge potential for the growth of the market in the coming years. The growing adoption of robotic-assisted knee surgeries will lead to an increase adoption across the world. The high prevalence of knee osteoarthritis will create several opportunities for growth for the companies operating in the market. According to the Osteoarthritis Research Society International (OARSI), the prevalence of osteoarthritis will reach 5% in the coming years. Furthermore, the increasing aging population, coupled with increasing incidence of obesity will contribute to the growth of the market in the coming years.

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Key Segmentation of Knee Replacement Market:

Knee Replacement Market Segments by Procedure

  • Total Knee Arthroplasty
  • Partial Knee Arthroplasty
  • Revision Knee Arthroplasty

Knee Replacement Market Segments by Implant Type

  • Fixed Bearing
  • Mobile Bearing
  • Others

By End-user

  • Hospitals
  • Orthopedic Clinics
  • Ambulatory Surgical Centers

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

North America to Emerge Dominant in the Global Market

The report segments the market on the basis of regional demographics into North America, Latin America, Europe, Asia Pacific, and Middle East and Africa. Among these regions, North America will exhibit the highest growth rate in the coming years. Increasing penetration of computer-aided implant designs will create several growth opportunities for the companies operating in the market. The improving health reimbursement scenario will lead to an increased adoption for knee replacement surgeries across the world. Besides North America, the market in Europe will exhibit considerable CAGR in the coming years, driven by advances in material designs and innovations in surgical procedures.

Increasing Number of Usage Clearances to Aid Market Growth

The report provides a detailed analysis of several factors that have made a positive impact on the market in recent years. The high demand for knee replacement procedures has encouraged regulatory authorities to approve newer products. The increasing number of regulatory clearances will aid the growth of the market in the coming years. In October 2019, Think Surgical announced that it received approval from the Food and Drug Administration for its latest knee replacement solution. The company announced the approval for TSolution One System, a knee replacement procedure. The report highlights major FDA approvals of recent years and gauges the impact of these clearances on the global market.

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Table of Content from knee replacement market:

1. Introduction

1.1. Research Scope

1.2. Market Segmentation

1.3. Research Methodology

1.4. Definitions and Assumptions

2. Executive Summary

3. Market Dynamics

3.1. Market Drivers

3.2. Market Restraints

3.3. Market Opportunities

4. Key Insights

4.1. Prevalence of Knee Osteoarthritis by key Country/Region-2018

4.2. Technological Advancements in Knee Implants

4.3. Overview of Number of Knee Replacement Surgeries by key Country/Region-2018

4.4. The Regulatory Scenario by Key Country/Region

4.5. key Industry Developments-Mergers, Acquisitions, Partnerships, and New Product Launch)

5. Global Knee Replacement Market Analysis, Insights and Forecast, 2015-2026

5.1. Key Findings / Summary

5.2. Market Analysis, Insights and Forecast By Procedure

5.2.1. Total Knee Arthroplasty

5.2.2. Partial Knee Arthroplasty

5.2.3. Revision Arthroplasty

5.3. Market Analysis, Insights and Forecast By Implant Type

5.3.1. Fixed Bearing

5.3.2. Mobile Bearing

5.3.3. Others

5.4. Market Analysis, Insights and Forecast By End User

5.4.1. Hospitals

5.4.2. Orthopedic Clinics

5.4.3. Ambulatory Surgery Centers

5.4.4.Others

5.5. Market Analysis, Insights and Forecast By Region

5.5.1. North America

5.5.2. Europe

5.5.3. Asia Pacific

5.5.4. Latin America

5.5.5. Middle East and Africa

6. North America Knee Replacement Market Analysis, Insights and Forecast, 2015-2026

6.1. Key Findings / Summary

6.2. Market Analysis By Procedure

6.2.1. Total Knee Arthroplasty

6.2.2. Partial Knee Arthroplasty

6.2.3. Revision Arthroplasty

6.3. Market Analysis By Implant Type

6.3.1. Fixed Bearing

6.3.2. Mobile Bearing

6.3.3. Others

TOC Continued..!

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