Knee Arthroplasty Market Size, Demand, and Future Outlook: Global Industry Trends and Forecast to 2028
To research, analyze and study the global sales, value, status and forecast (2018 - 2025) is one of the major objectives of the Knee Arthroplasty report. This global market research report highlights the market drivers and market restraints which are derived from the well-established SWOT analysis. What is more, Knee Arthroplasty report also evaluates the myriad of scopes which range from estimation of potential market for new product, identifying consumer’s reaction for particular product, figuring out general market tendencies, knowing the types of customers, recognizing dimension of marketing problem and more.
Data Bridge Market Research analyses that the knee arthroplasty market which was USD 8,739.2 million in 2021, would rocket up to USD 13928.96 million by 2029, and is expected to undergo a CAGR of 6.00% during the forecast period 2022 to 2029.
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Market Overview:
Around 1.5 million surgical and traumatic injuries were recorded in America in 2018, resulting in more than 3 million physician visits, according to the American Academy of Knee and Hip Replacement. Additionally, a study published by NCBI in 2019 found that the high incidence rate of severe trauma among young adults aged 18 to 35 years old worldwide every year from 2014 to 2018 led to doctors referring approximately two-thirds of patients with sports-related injuries for a total knee replacement (TKA) procedure.
Aesculap, Inc. (U.S.), B. Braun Melsungen AG (Germany), Corin Group (U.K.), Medical Devices Business Services, Inc. (U.S.), Smith+ Nephew (U.K.), Stryker (U.S.), Zimmer Biomet (U.S.), Exactech, Inc. (U.S.), Medacta International (U.S.), MicroPort Orthopedics Inc. (Switzerland), Medtronic (U.S.), Johnson & Johnson Private Limited (U.S.), MicroPort Scientific Corporation (China), Conformis Inc. (U.S.)
Knee Arthroplasty Market Dynamics
Drivers
Rising contamination rates
The growing trend among doctors to do total knee arthroplasty using robotic technology is blossoming, and the business is being stimulated by longer-lasting recovery times and quicker increases in range of motion. The market for knee arthroplasty is expanding as a result of several variables, including the ageing population, the prevalence of arthropathy and osteoporosis, increasing contamination rates, and an increase in knee revisions.
Growing awareness about benefits of surgery
Patients are becoming more aware of the advantages of surgery over alternative forms of treatment including medication and physical therapy, which is fuelling market expansion.
Increasing geriatric population
The global geriatric population is increasing rapidly, which is expected to drive the demand for knee arthroplasty procedures in the coming years.
Opportunities
Increase in the number of research and development activities
An increasing number of product launches fuels the market's growth and approvals is expected to aid in the market's growth over the forecast period. This will provide beneficial opportunities for the market growth.
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Highlights of TOC:
Chapter 1: Market overview
Chapter 2: Global Knee Arthroplasty Market
Chapter 3: Regional analysis of the Global Knee Arthroplasty Market industry
Chapter 4: Knee Arthroplasty Market segmentation based on types and applications
Chapter 5: Revenue analysis based on types and applications
Chapter 6: Market share
Chapter 7: Competitive Landscape
Chapter 8: Drivers, Restraints, Challenges, and Opportunities
Chapter 9: Gross Margin and Price Analysis
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