Knee Replacement Devices Market size was valued at USD 9.28 Billion. in 2021 and the total Knee Replacement Devices revenue is expected to grow at a CAGR of 3.75% from 2022 to 2029, reaching nearly USD 12.46 Billion.
Knee Replacement Devices Market Overview:
The Knee Replacement Devices market research report looks into and analyses the market’s position during the predicted period. It is an in-depth study that focuses on fundamental and secondary drivers, market dominance, key segments, and geographic analysis. The research also looks at notable individuals, large collaborations, mergers, and acquisitions, as well as contemporary innovation and corporate strategy.
Market Scope:
We examined the Knee Replacement Devices Market from every angle conceivable, including both primary and secondary research methodologies. This helped us better grasp current market dynamics such as supply-demand imbalances, pricing trends, product preferences, and consumer behaviour. The information is then gathered and evaluated using a variety of market estimations and data validation procedures. In addition, we have an in-house data forecasting engine that predicts market growth until 2027.
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Segmentation:
Based on Procedure Type, the total knee arthroplasty segment held the market share of 62% and dominated the knee replacement devices market in 2021. The segment is expected to grow at a CAGR of 3.68% during the forecast period. The ultimate therapy for symptomatic end-stage osteoarthritis of the knee is surgical replacement of the knee joint, commonly known as total knee arthroplasty (TKA) and total knee replacement. Of the 11 million adults in the United States who have been estimated to have this diagnosis, 4 million have undergone a knee replacement. A total of 700,000 main TKA treatments are expected to be done in 2018, representing an 86% increase over 2015. Factors associated with the increased use and prevalence of knee replacements include developing lifestyles, aging population, and increasing longevity of the population; obesity; growing indications for the procedure; and younger age at implantation. Direct-to-consumer advertising may also have a role in raising demand. Although the entire cost of a TKA is comparable to that of a new car, several studies have shown that TKA is quite cost-effective. Imaging patients with knee replacements are now standard practice.
Key Players:
• DePuy Synthes
• Zimmer Biomet
• Stryker
• Smith+Nephew
• Aesculap Implants Systems, LLC
• Exactech, Inc.
• Medacta
• MicroPort Scientific
• CONMED
• Kinamed, Inc.
• ConforMIS
• OMNIlife science, Inc.
• Allegra Orthopaedics Limited
• Johnson & Johnson
• ORTOSINTESE
• Elite Surgical
• Arthrex
• Ortho Development
• Baumer
• PETER BREHM
Primary and secondary research are used to identify market leaders, as well as primary and secondary research to assess market revenue. As part of the core study, in-depth interviews with major thought leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing professionals were done. In-depth interviews with notable thought leaders and industry specialists, such as experienced front-line personnel, CEOs, and marketing professionals, were conducted as part of primary research, while secondary research included a review of the major manufacturers’ annual and financial reports. Secondary data is utilised to compute percentage splits, market shares, growth rates, and global market breakdowns that are then compared to historical data. The following players are featured in this report:
Regional Analysis:
The research examines the local industry in-depth, utilizing both qualitative and quantitative data. It provides an overview and prediction of the global Knee Replacement Devices market segment by segment. It also provides market size and forecast projections for five key regions from 2021 to 2027, including North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. The Knee Replacement Devices market in each area is further segmented into regions and sectors. The research studies and anticipates a wide range of nations, as well as current trends and opportunities in the sector.
COVID-19 Impact Analysis on Knee Replacement Devices Market:
We thoroughly researched and analyzed the Global Knee Replacement Devices Market Development Strategy post-COVID-19, by corporate strategy analysis, landscape, type, application, and leading countries, which encompasses and analyses the global Knee Replacement Devices industry’s potential, providing statistical data on market dynamics, growth factors, major challenges, PORTER analysis, and market entry strategy analysis, opportunities, and forecasts. The study’s main goal is to provide industrial enterprises with a strategic analysis of COVID-19’s impact. This analysis looked at the marketplaces of key countries at the same time and emphasized their market potential.
Key Questions Answered in the Knee Replacement Devices Market Report are:
- What are the most promising high-growth opportunities in the global Knee Replacement Devices sector, as defined by product category, End User, and Region?
- Which Knee Replacement Devices market segments will expand the fastest, and why?
- Which areas will expand the fastest, and why?
- What are the primary elements influencing Knee Replacement Devices market dynamics? What are the primary drivers and obstacles in the Knee Replacement Devices market?
- What are the Knee Replacement Devices market’s business risks and dangers?
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