Knee Replacement Implants Market 2019 Global Size, Share, Trends, Growth Factor, Analysis, Research Report, Forecast 2026-The Revert News
Knee Replacement Implants Market 2019 Global Fortune Business Insights presents an in-depth analysis of the Knee Replacement Implants market size, growth, share, segments, manufacturers, and technologies, key trends, market drivers, challenges, standardization, deployment models, opportunities, future roadmap and 2026 forecast.
As per research studies, the average age of patients with joint replacement was 66 in 2018, whereas in 2017, the average age was 68 years. The rising prevalence of arthritis among younger patients is compelling them to undergo replacement surgeries. As per a study conducted by the American Academy of Orthopedic Surgeons, the U.S. registers around 6,00,000 knee replacement surgeries every year. Considering this, the global knee replacement implants market is expected to flourish in the forecast years.
Fortune Business Insights offers a detailed overview of the global market in the report, titled “Knee Replacement Implants Market Size, Share and Global Trend By Type (Total Knee Replacement Implant, Partial Knee Replacement Implant), By Material (Ceramic, Metal, Zirconium, Others), By End User (Orthopedic Clinics, Ambulatory Surgery Centers, Hospitals, Others) and Geography Forecast till 2026.” The report offers estimates on revenue growth at regional and country level. It further offers an in-depth analysis of market trends prevailing in the market between 2018 and 2026. Along with a detailed analysis of key strategies, market share of some of the leading companies is offered in the Knee Replacement Implants Market report.
some of the major players operating in the global Knee Replacement Implants Market
- Smith and Nephew
- Zimmer Biomet
- DePuy Synthes
- Wright Medical Group N.V.
- Braun Melsungen AG
- MicroPort Scientific Corporation
- DJO Global
- Waldemar LINK GmbH and Co. KG
Increasing Number of Knee Replacement Procedures in China and India to Drive the Market in Asia Pacific
North America is anticipated to endure control on the global knee replacement implants market during the forecast years. Well-established healthcare infrastructure and adequate insurance coverage and healthcare reimbursements are likely to propel growth in the market. Apart from North America, Europe also registered considerable growth in the market in 2018. As per the report, Asia Pacific accounts for a major portion of the global knee replacement implants market share.
The demand for knee replacement implants market procedures is estimated to increase owing to the rising awareness about such treatments. In addition to this, increasing elderly population is also driving the market in this region. Rising number of knee replacement surgeries in countries such as India and China is expected to stimulate growth in the market in Asia Pacific. Earlier these procedures were considered expensive, however with the increasing per capita income among consumers these procedures are in the financial reach of middle-class families.
Key Segmentation of Knee Replacement Implants Market
- Total Knee Replacement Implant
- Partial Knee Replacement Implant
By End User
- Orthopedic Clinics
- Ambulatory Surgery Centers
- North America (USA, Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Middle East and Africa (South Africa, GCC and Rest of Middle East and Africa)
Conformis introduced a knee replacement system called ‘iTotal Ps’ for orthopedic patients. This system helps to stabilize the patient’s condition. Other companies are also planning to adopt strategies and strengthen their market position. Some of the recent developments made by companies include:
BioPoly developed a new system called BioPoly® RS Partial Resurfacing Knee System, which received U.S. FDA approval. This system aims at treating patients suffering from cartilage lesions.
Zimmer Biomet developed persona revision knee implant called Persona Trabecular Metal (TM) Tibia. The product received FDA clearance by the U.S. in January 2018 and later received approval in November 2018. The system offers a complete total knee solution, enhancing patient outcomes and experiences.
Zimmer Biomet’s Persona Revision knee system received FDA clearance 510 (k) for knee replacement implants procedures.
More Trending Topics from Fortune Business Insights:
Press Release Distributed by The Express Wire
To view the original version on The Express Wire visit Knee Replacement Implants Market 2019 Global Size, Share, Trends, Growth Factor, Analysis, Research Report, Forecast 2026