MRFR is Leading Research Firm who recently published “Knee Replacement Market Research Report” which includes Growth Study, Regional Analysis, Top Industry Players Formation, Major Drivers, Upcoming Trends and Forecast to 2023.
Knee Replacement Market – Scenario
The global knee replacement market is highly concentrated owing to the presence of established international companies generating a significant amount of the market revenue. Research and developments, done by various companies, are going to boost the market growth and increase the competition.
The Global Knee Replacement Market is presumed to experience 6.1 % CAGR during the forecast period (2017-2023) owing to the increasing geriatric population, asserts Market Research Future (MRFR). Knee replacement is also referred to joint replacement surgery which is meant for patients suffering from knee damage.
Download PDF Brochure @ https://www.marketresearchfuture.com/sample_request/1578
Diseases such as post-traumatic arthritis, osteoarthritis, and rheumatoid arthritis generally cause knee damage. Knee arthroplasty or knee replacement is performed to replace damaged knee with artificial knee implants.
Global Knee Replacement Market – Competitive Dashboard
Allegra Orthopaedics Limited
Smith and Nephew
Global Knee Replacement Market – Drivers and Constraints
Knee replacement is highly driven by the geriatric population due to old age ailments such as osteoporosis, arthritis, and diabetes. Advent of advanced technologies such as minimally invasive surgery, presence of better implant materials, and extensive research and development activities in the industry are considered to propel the market during the assessment period.
According to the American Joint Replacement Registry, 87 % of the diagnosed osteoarthritis cases undergo knee replacement. With growing prevalence of osteoarthritis, the number of knee replacement has risen.
Also, the adaptation of sedentary lifestyle has led to obese population which is considered to foster the market growth in the future.
On the flip side, non-surgical treatment methods like shoe aids and exercises coupled with high cost of knee replacement surgeries are likely to retard the market growth in the coming years.
Knee Replacement Market – Segmental Analysis
The global knee replacement market is segmented based on product type, material, and end-user.
Based on product type the market is segmented into total knee reconstructive implants, partial knee reconstructive implants, and revision knee reconstructive implants. Total knee implants are further sub-segmented into mobile bearing implants, fixed bearing implants, medial pivot implants, and others.
Total knee replacement is the largest grossing segment with the US and Germany contributing significantly to this vertical. Surgical advancements and developing economies are proving to be major driving factors.
Material-wise segmentation includes metal alloy, ceramic material, durable plastic parts, and others. Improved implant materials and their success rates are enabling the younger population to undergo knee replacement surgery and are boosting the global knee replacement market significantly.
On the basis of end-user, the market is segmented into hospitals and clinics, specialty centers, and rehabilitation centers. Hospitals and clinics are going to dominate the market in this segment.
Knee Replacement Market – Regional Insights
Geographically, the knee replacement market spans across regions namely, North America, Europe, Asia Pacific, and the Middle East and Africa.
Among all the regions, the North American market is considered to be a growing market owing to the growing geriatric population affected by knee disorders. Also, growing awareness regarding joint treatments are further considered to drive the market during the assessment period.
OBTAIN PREMIUM RESEARCH REPORT DETAILS @ https://www.marketresearchfuture.com/reports/knee-replacement-market-1578
For instance, according to the American Joint Replacement Registry, more than 161,040 joint replacement procedures were performed in 2015.
Europe is presumed to be the second largest market after North America and is estimated to hold a noticeable share. The growth is attributed to the availability of advanced and innovative treatment facilities coupled with growing skilled medical professionals in this region.
Also, with the growing geriatric population giving rise to patient population, the market is considered to expand at a rapid pace.
Asia Pacific is presumed to be the fastest growing market owing to the increasing prevalence of joint disorders such as osteoarthritis and arthritis. Increasing awareness about health along with availability of advanced treatment methods are likely to foster the market in this region.
Some Points from TOC
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.2 Scope of the Study
2.2.1 Research Objective
Chapter 3. Research Methodology
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
Chapter 5. Market Factor Analysis
5.1 Porters Five Forces Analysis
5.1.1 Bargaining Power of Suppliers
AVAIL ATTRACTIVE DISCOUNT @ https://www.marketresearchfuture.com/check-discount/1578
Market Research Future (MRFR), enable customers to unravel the complexity of various industries through Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune – 411028
Phone: +1 646 845 9312