Total knee arthroplasty is one of the most common surgical procedures performed for the executives of agony and reestablishing function of the seriously harmed knee joint in orthopedic conditions like osteoarthritis. This surgery includes removing harmed portions of the knee bones and supplanting them with metal combination implants and polyethylene polymers. Orthopedic surgeons do a full clinical evaluation to decide the suitability and dangers related to the surgery. Imaging analysis of the knee, for example, radiography is completed to evaluate the seriousness of joint harm and guarantee appropriate arrangement of the fake joint prior to shutting the careful incision. Total knee arthroplasty is recommended in conditions, for example, serious knee torment, while doing typical everyday exercises, knee distortion, chronic knee inflammation, and disappointment of other medication or surgical therapies for torment the executives.
The global total knee arthroplasty market is assessed to be esteemed at US$ 8,739.2 Mn in 2021 and is relied upon to exhibit a CAGR of 4.0% over the figure period (2022-2028).
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Coronavirus (COVID-19) flare-up was first covered on December 31, 2019, in Wuhan, China. The World Health Organization pronounced COVID-19, as a pandemic on March 11, 2020.
For example, as per the Coronavirus (COVID-19), Weekly Epidemiological Update by the World Health Organization, north of 177,866,160 cases and 3,857,974 passings due to coronavirus illness (COVID-19) were accounted for till June 20, 2021, across the globe.
Effect of COVID-19 on Demand and Supply of Total Knee Arthroplasty
The COVID-19 pandemic and lockdown in different nations across the globe have adversely affected the monetary status of organizations across all areas. The clinical devices area is one such area that has been significantly affected by the pandemic.
During the COVID-19 pandemic, a few patients with joint inflammation are attempting to get treatment because of hospitals dropping or postponing medical procedures and different procedures, including arthroplasty and other knee replacement medical procedures. There is additionally a concern that patients who have gentle joint inflammation that requires convenient implementation of surgery have sadly concluded that the danger of contracting COVID-19 might offset the advantages of arthroplasty. As non-fundamental surgery restrictions stay in pieces of the U.S., the COVID-19 pandemic is significantly affecting hip and knee arthroplasty surgery volume and could mean major monetary misfortune.
For example, a review named ‘The Initial Impact of COVID-19 on Total Hip and Knee Arthroplasty,’ was distributed in the Elsevier Public Health Emergency Collection, in January 2021, which conducted a review analysis of Medicare charge for-administration recipients going through primary and revision total knee arthroplasty (TKA) and total hip arthroplasty (THA) in the U.S. from January 1, 2020, to March 31, 2020, announced a precarious decay of 94% in total knee arthroplasty (TKA) volumes during mid-March of 2020 and the total everyday hospital federal medical care income for arthroplasty declined by 87% and surgeon income diminished by 85%.
Along these lines, the effect of the coronavirus (COVID-19) pandemic is relied upon to restrict the development of the global total knee arthroplasty market during the figure time frame, inferable from the end and deferral of total knee arthroplasty medical procedures during the pandemic.
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The rising number of knee arthroplasty procedures is relied upon to drive the development of the total knee arthroplasty market over the estimated time frame. For example, as indicated by the Annual Report for the year 2020 distributed by the American Joint Replacement Registry, north of 995,410 total knee arthroplasty procedures were completed in the U.S. from the year 2012 till 2019.
Market players are zeroing in on completing clinical preliminaries for adequacy and wellbeing investigation of knee replacement surgery, this is relied upon to help the development of the total knee arthroplasty market over the gauge time frame. For example, in 2017, DePuy Orthopedics, an auxiliary of Johnson and Johnson, started a clinical preliminary for ATTUNE Revision Knee System in patients, who created infection subsequent to going through total knee arthroplasty. This clinical preliminary is conducted to guarantee the wellbeing, stability, and mileage of the ATTUNE Revision Knee System. The review is relied upon to be finished by June 30, 2028.
Additionally, expanding number of item dispatches and endorsements is relied upon to support the development of the market over the estimated time frame. For example, in 2019, Arthrosurface, Inc., an organization engaged with the improvement of joint preservation innovation, sent off Patellofemoral (PF) WaveKahuna Arthroplasty System. The PF WaveKahuna is planned so as to not change the state of the patella and the femoral trochlear groove while keeping up with the patient’s local joint-life structures. It is intended for patients experiencing osteoarthritis of the distal patellofemoral joint, for patients with a background marked by patellar dislocation or patellar crack, and it is likewise shown for patients with bombed past knee replacement surgery. Besides, in August 2020, DJO LLC, a main global supplier of clinical innovations reported sending off two new EMPOWR frameworks, EMPOWR Acetabular and EMPOWR Partial Knee. The two frameworks were intended to reestablish the strength of the knee joint.
Among regions, North America is relied upon to stand firm on a prevailing footing in the global total knee arthroplasty market over the conjecture time frame, inferable from a rising number of item dispatches. For example, in 2019, DePuy Synthes, an auxiliary of Johnson and Johnson, sent off ATTUNE Cementless Knee implant in a pivoting stage option, in the U.S. The cementless knee replacement demand is expanding particularly in the more youthful population. A knee implant has been tried and it was observed that the implant gives stability while the knee is in motion.
Market players in Europe are enjoyed sending off new items, as would be considered normal to drive the development of the total knee arthroplasty market in Europe, over the gauge time frame. For example, on May 16, 2021, Medacta International, a producer and wholesaler of creative orthopedic items and settled in Switzerland, sent off a new diminished metal ion discharge SensiTiN framework, which highlights titanium niobium nitride (TiNbN) covered knee implants for use in total knee replacement and revision procedures.
Expanding knee replacement framework endorsements in the Asia Pacific are relied upon to drive the development of the total knee arthroplasty market in the Asia Pacific over the gauge time frame. For example, on March 8, 2021, Conformis, Inc. declared that it got leeway from the U.S. Food and Drug Administration (U.S. FDA) for its item iTotal PS knee replacement framework in Australia. With this freedom, the organization expanded its client base for their item in Australia.
Key parts working in the global total knee arthroplasty market incorporate Meril Life Sciences Pvt. Ltd., SurgTech Inc., Baumer SA, Stryker Corporation, Smith & Nephew plc, Medacta International, DJO LLC. (Colfax Corporation), Exactech Inc., Corin Group, Conformis Inc., MicroPort Scientific Corporation, Zimmer Biomet Holdings, Inc., and Depuy Synthes.
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◘ Compares data from North America, South America, Asia Pacific Europe and Middle East Africa, alongside individual chapters on each region
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Table of Content
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Total Knee Arthroplasty Market Size Analysis from 2022 to 2028
11.6 COVID-19 Outbreak: Total Knee Arthroplasty Industry Impact
Chapter 2 Global Total Knee Arthroplasty Competition by Types, Applications, and Top Regions and Countries
2.1 Global Total Knee Arthroplasty (Volume and Value) by Type
2.3 Global Total Knee Arthroplasty (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Total Knee Arthroplasty Sales, Consumption, Export, Import by Regions
Chapter 5 North America Total Knee Arthroplasty Market Analysis
Chapter 6 East Asia Total Knee Arthroplasty Market Analysis
Chapter 7 Europe Total Knee Arthroplasty Market Analysis
Chapter 8 South Asia Total Knee Arthroplasty Market Analysis
Chapter 9 Southeast Asia Total Knee Arthroplasty Market Analysis
Chapter 10 Middle East Total Knee Arthroplasty Market Analysis
Chapter 11 Africa Total Knee Arthroplasty Market Analysis
Chapter 12 Oceania Total Knee Arthroplasty Market Analysis
Chapter 13 South America Total Knee Arthroplasty Market Analysis
Chapter 14 Company Profiles and Key Figures in Total Knee Arthroplasty Business
Chapter 15 Global Total Knee Arthroplasty Market Forecast (2022-2028)
Chapter 16 Conclusions
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