The global knee replacement devices market is prognosticated to be advantaged by the increasing pace of the incidence of knee-related health problems, as mentioned in a report by TMR Research. Titled “Knee Replacement Devices Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025,” the report foresees a greater adoption of total knee replacement (TKR) and total knee arthroplasty (TKA) in the near future.
Some of the primary factors expected to stimulate growth in the world knee replacement devices market could be the designing of customized knee transplants and treatments, development of excellent quality materials and devices engaged in knee replacements, and long lifespans of such devices. The global demand in the world knee replacement devices market is anticipated to soar significantly on account of the positive results achieved. For instance, 90.0% of patients experience pain much lesser than before after opting for knee replacement surgeries, according to the statistics obtained by the American Academy of Orthopedic Surgeons.
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North America is prophesied to offer lucrative opportunities in the offing due to the existence of several international companies such as Johnson & Johnson, Stryker Corp, and Zimmer Biomet Holdings in prime markets such as the U.S. Asides Europe, the world knee replacement devices market in North America could see an expansion on the back of mounting incidence of chronic diseases creating augmented joint wear and tension.
Asia Pacific is also anticipated to promote growth in the world knee replacement devices market while riding on surging technology adoption in healthcare, elevating healthcare expenditure, and massive patient base. Markets such as Malaysia, India, China, Singapore, and Japan are envisaged to attract a whole lot of demand owing to inflating disposable income of the people therein and the dominance of knee-related health conditions.
Latest advances in robotics witnessed in the healthcare sector are envisioned to boost growth in the international knee replacement devices market with advantages such as improved levels of accuracy and automation on the rise. The TKR surgery performed using the Mako robotic-arm system by Stryker at St. Elizabeth Healthcare in Kentucky, U.S. in March 2017 is a brilliant instance of the penetration of robotics in the international knee replacement devices market. A plentitude of researches conducted across the globe for the development of novel products is foretold to augur well for the international knee replacement devices market.
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Ortosintese, Exactech, ConforMis, DePuy Synthes, and Smith & Nephew are projected to be few of the popular names to watch for when operating in the worldwide knee replacement devices market.
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