Global Total Knee Arthroplasty Market
The expanding number of knee arthroplasty procedures is relied upon to drive the development of the global total knee arthroplasty market during the figure time frame. For example, as per the review ‘Paces of Total Joint Replacement in the U.S.: Future Projections to 2020-2040 Using the National Inpatient Sample’ distributed in the Journal of Rheumatology in 2019, the quantity of total knee arthroplasty in the U.S., is assessed to increment by every available ounce of effort, 182%, and 401% in 2025, 2030, and 2040 separately.
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Market players are occupied with inorganic exercises, for instance, the collaboration of organizations, as would be considered normal to drive the development of the total knee arthroplasty market. For example, in 2020, Total Joint Orthopedics (TJO), a maker which gives high-quality, proficient implants for hip and knee replacement, went into a collaboration with THINK Surgical, Inc., an organization that makes the most recent joint replacement procedures and apparatuses. Under the provisions of the collaboration arrangement, THINK Surgical, Inc. would foster programming, which would permit TJO’s Klassic Knee System to be implanted utilizing TSolution One Total Knee Application, which is a result of THINK Surgical, Inc. Additionally, both the organizations will co-market the item after the item gets 510(k) freedom from the Food and Drug Administration.
Global Total Knee Arthroplasty Market – Impact of Coronavirus (COVID – 19) Pandemic
Coronavirus flare-up was first covered on December 31, 2019, in Wuhan, China. For example, as indicated by the Coronavirus (COVID-19) Weekly Epidemiological Update by the World Health Organization, north of 177 million cases and 3.8 million passings because of Coronavirus (COVID-19) were accounted for up till June 20, 2021, across the globe.
The COVID-19 pandemic has impacted a few markets across the globe and is additionally expected to hamper the demand and supply in the global total knee arthroplasty market. The COVID-19 pandemic has impacted the demand and supply of the global total knee arthroplasty market in three principal ways; by straightforwardly influencing the production and demand; by making disruptions in distribution channels; and by its monetary effect on firms and monetary markets. Production network and assembling exercises of total knee arthroplasty in India, China, and the U.S. are upset because of nationwide lockdowns. While, nations like Saudi Arabia, UAE, Egypt, and others are dealing with issues concerning transportation of medications starting with one spot then onto the next.
Coronavirus pandemic has brought about the end and postponement of numerous surgery procedures out of which total knee arthroplasty is one such surgery. For example, as per a review distributed in Multidisciplinary Digital Publishing Institute (MDPI), in April 2021, the total number of knee arthroplasty procedures acted in Poland during March 4, 2020, and October 15, 2020, diminished by 43.86% in comparison with the number of knee arthroplasties conducted in the corresponding time frame in 2019 (March 4, 2019, and October 15, 2019). In this manner, the COVID-19 pandemic is relied upon to restrict the development of the total knee arthroplasty market globally.
In addition, the send-off of new items for knee replacement treatment is relied upon to drive the development of the global total knee arthroplasty market. For example, in May 2020, Smith and Nephew, a U.K.- based clinical gear fabricating organization reported the launch of its new JOURNEY II Uni-compartmental Knee (UK) System. Venture II Uni-compartmental Knee (UK) System is a metal composite, which is hard, smooth, and scratch safe, which makes the solid match for hip and knee implants.
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Key Takeaways of the Total Knee Arthroplasty Market:
- The global total knee arthroplasty market is relied upon to exhibit a CAGR of 4.0% over the estimated period (2021-2028). North America is relied upon to represent significant market share followed by Europe, over the figure time frame (2021-2028), inferable from a rising number of item dispatches and endorsements. For example, in November 2019, Medacta International, a global orthopedics organization reported the organization had gotten 510k leeway from the Food and Drug Administration for the Kinematic Alignment instrumentation and critical method for total knee replacement (TKR). This is relied upon to help the market development of total knee arthroplasty over the conjecture time frame.
- 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.
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 (2017-2022)
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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