Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by Infinium Global Research on total knee replacement market provides in-depth analysis of segments and sub-segments in the global as well as regional total knee replacement market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional total knee replacement market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global total knee replacement market.
Total Knee Replacement (TKR) is also known as total knee arthroplasty, refers to a surgical procedure that aimed to relieve pain and restore the function in individuals with severe knee joint damage or arthritis. In total knee replacement artificial parts composed of metal and plastic are used during surgery to replace the damaged knee joint surfaces. Additionally, the scope of total knee replacement is significantly improving the quality of life for individuals suffering from fatal knee conditions. This procedure proves transformative for patients experiencing chronic pain, limited mobility, and decreased functionality due to conditions like osteoarthritis or rheumatoid arthritis. By replacing the damaged joint surfaces, TKR not only relives pain but also enhances joint function, enabling patients to regain mobility, perform daily activities with greater ease, and ultimately enjoy a more active and fulfilling lifestyle. The procedure is a vital treatment for improving the overall well-being of patients because it is successful in restoring the knee's functional and physical aspect.
The total knee replacement market is fueled by the expanding aging demographic and rising osteoarthritis prevalence. As the geriatric population increases, the demand for total knee replacement procedures increases, addressing the rising incidence of osteoarthritis and other knee diseases. As the knee replacement therapy provides an effective solution for improved mobility and reduced pain in affected individuals. Additionally, the total knee replacement market is influenced by increased sedentary lifestyles and obesity, contributing to a heightened incidence of knee issues. As more individuals adopt sedentary habits and face obesity-related challenges, the demand for total knee replacements rises, addressing the consequences of these lifestyle factors and improving overall joint health. However, the widespread adoption of total knee replacement may limit the market growth due to the high costs associated with the procedure and concerns about post-surgery complications. Affordability issues and apprehensions regarding potential complications hinder broader acceptance, emphasizing the need for addressing these barriers to ensure wider accessibility and acceptance of the intervention. Moreover, advancements in implant materials and surgical techniques may create lucrative opportunity for growth of total knee replacement market. Enhanced materials and techniques assure increased effectiveness and affordability, open the way for more accessible and efficient procedures, and ultimately benefiting a broader range of patients in need of knee replacements.
Geographically the total knee replacement market is segmented into North America, Europe, Asia Pacific and Rest of the world. The North America region holds the largest market share in the market. The region’s growth is attributed to rising geriatric population owing to high prevalence of knee-related disorders. The advanced healthcare infrastructure, and favorable reimbursement policies have also contributed to the region's dominant market position. The North American market is more robust due to the strong presence of major market players and their strategic adoption of cutting-edge technologies. Meanwhile, the Asia-Pacific region is expected to witness the fastest growth in total knee replacement market in the forecast period. The demand for knee replacement procedures in the region is being driven by factors such as rapid urbanization, rising awareness about joint health, and improved infrastructure for healthcare. Additionally, as economies in Asia-Pacific continue to develop, there is a growing middle-class population with higher disposable income, leading to enhanced accessibility of advanced healthcare services, including joint replacement surgeries.
| Report Coverage | Details |
|---|---|
| Market Size in 2022 | USD 9.8 Billion |
| Market Size by 2030 | USD 15.6 Billion |
| Growth Rate from 2023 to 2030 | CAGR of 6.03% |
| Largest Market | North America |
| No. of Pages | 100 |
| Market Drivers |
|
| Market Segmentation | By Product, By Device Type, By Implant Type, By Surgery Type, By Fixation Material, and By End User |
| Regional Scope | North America, Europe, Asia Pacific, and RoW |
The report on global total knee replacement market covers segments such as product, device type, implant type, surgery type, fixation material, and end user. On the basis of product, the sub-markets include primary knee replacement systems, revision knee replacement systems, and partial knee replacement systems. On the basis of device type, the sub-markets include three-compartmental knee implants, bicompartmental knee implants, and unicompartmental knee implants. On the basis of implant type, the sub-markets include fixed-bearing implants, mobile-bearing implants, and medial pivot implants. On the basis of surgery type, the sub-markets include traditional surgery type, and technology assisted surgery type. On the basis of fixation material, the sub-markets include cemented, and cementless. On the basis of end user, the sub-markets include hospitals, and ambulatory surgical centers.
The report provides profiles of the companies in the market such as B. Braun SE, Amplitude Ortho, Conformis, Inc., Corin Group, Medical Device Business Services, Inc, DJO, LLC , Exactech, Inc., Mathys Ltd Bettlach, Medacta International, and MicroPort Scientific Corporation.
The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the total knee replacement market. Moreover, the study highlights current market trends and provides forecasts from 2023-2030. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
Please Choose One of them.
