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 & 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.
The report provides an in-depth analysis of the global market. It highlights key aspects of the market and focuses on factors such as leading product types and major companies. It summarizes the competitive landscape in detail and predicts companies that are likely to emerge leading in the coming years. The report provides forecast values for the market for the period of 2019-2026. These values have been evaluated on the basis of extensive research analysis methods.
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Leading Players operating in the knee replacement market are:
- Zimmer Biomet
- Stryker
- DePuy Synthes Companies (Johnson & Johnson Services, Inc.)
- Smith & Nephew
- Aesculap, Inc.– a B. Braun company
- Medacta International
- MicroPort Scientific Corporation
- Conformis
Industry Developments:
October 2019: Think Surgical Inc. announced that it received clearance from the U.S. Food and Drug Administration for the marketing of TSolution One system for total knee replacement in the United States.
September 2019: DePuy Synthes, made the ATTUNE Cementless Knee available in a rotating platform option in select markets.
September 2017: Zimmer Biomet launched a new knee implant system, Persona Partial Knee System. The company will benefit from the latest addition to its already established portfolio of personalized and anatomically designed knee implant systems.
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North America to Emerge Dominant in the Global Market
The Knee Replacement Market 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.
Market Segmentation:
By Procedure
- Total Knee Arthroplasty
- Partial Knee Arthroplasty
- Revision Knee Arthroplasty
By Implant Type
- Fixed Bearing
- Mobile Bearing
- Others
By End-user
- Hospitals
- Orthopedic Clinics
- Ambulatory Surgical Centers
- Others
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Prevalence of Knee Osteoarthritis by key Country/Region-2018
- Technological Advancements in Knee Implants
- Overview of Number of Knee Replacement Surgeries by key Country/Region-2018
- The Regulatory Scenario by Key Country/Region
- key Industry Developments-Mergers, Acquisitions, Partnerships, & New Product Launch)
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