Knee Replacement Devices Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : Ongoing | Medical Devices | PPT format

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Global Knee Replacement Devices Market: Overview

The primary objective of any knee replacement is to alleviate pain and improve flexibility. Knee replacements are sometimes tailor-made to fulfill the individual needs of patients, as these devices are not one-style-fits-all or one-size-fits-all. Fixed-bearing implants are perhaps the most common knee replacement implants. All knee replacement devices consist of four common components, namely, plastic spacer, tibial component, femoral component, and patellar component.

Based on type of material used in the knee replacement device, metal, ceramic, superior quality plastic such as polyethylene, cobalt-chromium alloys, titanium, and titanium cobalt are a few of the key segments of the global knee replacement devices market.

Global Knee Replacement Devices Market: Key Trends

The incidence of knee-related issues is escalating at a high pace. This has encouraged the adoption of total knee arthroplasty (TKA) or total knee replacement (TKR). Long lifespans of these devices, development of superior quality devices and materials used in knee replacements, and the designing of customized treatments and knee transplants are some of the chief drivers of the global knee replacement devices market.

According to the findings of the American Academy of Orthopedic Surgeons, nearly 90% of the patients who underwent knee replacement surgeries experience much lesser pain. In several cases, patients can resume their routine activities such as walking and playing golf. As a result, the global demand for knee replacement devices is expected to soar.

Global Knee Replacement Devices Market: Market Potential

Increased levels of accuracy and automation are expected to enable further expansion of the market. In addition, the market is expected to gain from the recent robotics advances in the healthcare sector. For instance, in March 2017, a total knee replacement surgery was performed at St. Elizabeth Healthcare in Edgewood, Kentucky (U.S.) with the help of Mako robotic-arm system. The novel robotic surgery solution by Stryker offers more surgical accuracy, improving natural movement and reducing post-surgery pain. The procedure, being lesser invasive than traditional surgery, is expected to witness increasing demand. Moreover, the surgeon can sketch a pre-surgical plan for each individual knee replacement implant. Although the robotic arm received FDA approval in 2015, it is expected to enter the commercial market only by 2018.

A number of research studies for developing more effective knee replacement devices are conducted around the world. For instance, ConforMIS has recently announced positive results from its iTotal PS total knee replacement research study. Knee kinematics of 13 participants implanted with iTotal PS customized knee replacement device were compared with that of 18 participants implanted with Zimmer Biomet’s NexGen PS total knee replacement device. The findings reveal the greater efficiency displayed by iTotal PS knee replacement device.

Global Knee Replacement Devices Market: Regional Outlook

The presence of the leading global players including Zimmer Biomet Holdings, Stryker Corp, and Johnson & Johnson in the U.S. has been contributing toward the expansion of the knee replacement devices market in North America. Higher incidence of chronic diseases that create increased joint tension and wear in Europe and North America is propelling the demand for knee replacement devices across several countries.

Vast patient base, growing healthcare expenditure, and greater adoption of technology in healthcare have been encouraging the expansion of the knee replacement devices market in Asia Pacific. The prevalence of knee-related conditions and growing disposable incomes of people also promise favorable growth prospects in countries such as Japan, Singapore, China, India, and Malaysia.

Global Knee Replacement Devices Market: Competitive Analysis

Smith & Nephew, DePuy Synthes, Zimmer Biomet, ConforMis, Stryker, Exactech, ORTOSINTESE, Elite Surgical, Arthrex, Ortho Development, Baumer, PETER BREHM, Medacta, MicroPort Scientific Corporation, Aesculap Implant Systems, and Corentec are some of the major companies operating in the global knee replacement devices market.

The study presents reliable qualitative and quantitative insights into:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand chain of the market
  • Market valuation (revenue and/or volume)
  • Key trends/opportunities/challenges
  • Forces defining present and estimated future state of the competitive landscape
  • Technological developments
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.

Highlights of the report:

  • A detailed analysis of key segments of the market
  • Recent developments in the market’s competitive landscape
  • Detailed analysis of market segments up to second or third level of segmentation
  • Historical, current, and projected future valuation of the market in terms of revenue and/or volume
  • Key business strategies adopted by influential market vendors
  • Outline of the regulatory framework surrounding and governing numerous aspects of the market
  • Growth opportunities in emerging and established markets
  • Recommendations to market players to stay ahead of the competition

Note: Immense care has been taken to present data with the highest levels of accuracy in all TMRResearch reports. Nevertheless, recent developments related to market/vendor landscape may take time to reflect in the analysis.

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