Summary

The Knee Replacement Implants market is expected to grow at a strong CAGR of around 4.7% during the forecast period owing to the burgeoning old-age population, the rising prevalence of various knee-associated musculoskeletal disorders such as osteoarthritis, rheumatoid arthritis, psoriatic arthritis, and others.

Knee replacement implants are medical devices used in knee replacement surgery to replace the damaged or diseased knee joint with an artificial joint. Knee replacement surgery is typically performed on patients who have severe knee pain and limited mobility due to conditions such as osteoarthritis, rheumatoid arthritis, or injury. Knee replacement surgery is a major procedure that involves removing the damaged or diseased parts of the knee joint and replacing them with the artificial joint. The knee replacement implants market is constantly evolving, with new and advanced technologies being developed to improve the performance and longevity of knee implants. This has led to increased demand for newer and more advanced implants. For instance, in July 2021, DePuy Synthes launched the robotic-assisted knee surgery solution “VELYS” in Australia to help hospitals and surgeons improve patient outcomes and advance the sustainability of Australia’s healthcare system. VELYS is intended to be used with the company’s ATTUNE Knee System for total knee arthroplasty.

Some of the major players operating in the market include Zimmer Biomet, Stryker, Smith & Nephew, Exatech Inc., DePuy Synthes (Johnson & Johnson), Microport Scientific Corporation, B. Braun Melsungen AG, Meril Life Sciences Pvt. Ltd., DJO Global, Medacta International. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report
“Amongst product type, the partial replacement systems segment will have a significant CAGR during the forecast period”
Based on product type, the market is segmented into total replacement systems, partial replacement systems, and knee revision systems. Amongst these, the partial replacement systems segment will have a significant CAGR during the forecast period. This is because it replaces only the damaged portion of the knee joint with an implant, rather than the entire joint. Partial replacement systems are typically recommended for patients who have osteoarthritis or other degenerative conditions affecting only one part of the knee joint. Partial replacement systems is a less invasive procedure than total knee replacement, as it involves smaller incisions and less bone removal. This can lead to less pain, shorter hospital stays, and faster recovery times for patients.

“Amongst implant type, the fixed bearing implants segment will have a significant CAGR during the forecast period”
By implant type, the market is segmented into fixed bearing implants, mobile bearing implants, and medial pivot implants. Among these, fixed bearing implants segment will have a significant CAGR during the forecast period. Fixed-bearing implants provide good stability to the knee joint, which can improve the patient's ability to walk, stand, and perform daily activities. The fixed joint helps to prevent the implant from shifting or rotating, which can lead to instability or dislocation, thereby contributing to the growth of the knee replacement implants market.

“North America dominated the knee replacement implants market in 2021”
North America dominated the knee replacement implants market in 2021 due to the presence of advanced healthcare systems in the region along with an increase in healthcare spending. Moreover, adequate reimbursement policies are the driving factors. In addition, a surge in arthroplasty procedures from the past decade is also projected to increase the market for knee reconstruction and replacement devices in the region. According to the 2020 annual report of the American Joint Replacement Registry, approximately 995,410 total knee arthroplasty procedures were performed whereas 75,489 knee revision arthroplasty was performed between the years 2012-2019.

Reasons to buy this report:
• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:
The global knee replacement implants market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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