Knee Replacement Devices Market Size, Industry Trends, Revenue, Future Scope and Outlook 2029

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:

Knee Replacement Devices Market research report explores and evaluates the market’s position during the predicted period. It is in-depth study focusing on fundamental and secondary drivers, market share, leading segments, and geographical analysis. The research also looks at notable individuals, large collaborations, mergers and acquisitions, as well as contemporary innovation and corporate strategy.

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Knee Replacement Devices Market Dynamic:

A high prevalence rate of knee osteoarthritis all across the world is expected to be one of the major factors increase the demand for bone surgeries in coming years. The rise in the adult population’s diagnostic rate of knee arthritis is expected to increase demand for knee replacement devices/ implants during the forecast period. According to the Osteoarthritis Research Society International (OARSI), it has been stated that the prevalence rate of global knee osteoarthritis is expected to reach 5% and is expected to increase with the increase in the aging population by 2030. According to the Arthritis Foundation, the prevalence rate of knee osteoarthritis in the United States annually is highest between the age group 55 and 64 years old. The rapid increase in the aging population and the increasing epidemics of overweight at a significant rate are expected to drive the demand for knee replacement surgeries during the forecast period. As a result, the rising knee replacement surgeries are expected to increase the demand for knee implants/ devices and benefit the knee replacement devices market growth.

Market Scope:

We examined the Knee Replacement Devices Market from every angle conceivable, including both primary and secondary research approaches. This improved our grasp of current market dynamics, such as supply-demand imbalances, pricing trends, product preferences, and customer behaviours. Following that, the data is collated and evaluated using a variety of market estimation and data validation procedures. In addition, we have an in-house data forecasting engine that predicts market growth until 2027.

Following the completion of market engineering, which comprised market statistics, market size estimations, market forecasts, market breakdown, and data triangulation, significant primary research was done to acquire information to verify and validate important numbers. To undertake market estimating and forecasting for the overall market segments and sub-segments described in this research, top-down and bottom-up tactics, as well as different data triangulation procedures, were often employed throughout the market engineering process. Extensive qualitative and quantitative analysis is performed on all data obtained during the market engineering process in order to provide essential information throughout the report.

Knee Replacement Devices Market 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.

Knee Replacement Devices Market 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

Secondary research is used to identify industry leaders, and primary research is utilised to estimate market revenue. In-depth interviews with important thought leaders and industry experts, such as seasoned front-line staff and marketing personnel, were conducted as part of the main research. The core study included in-depth interviews with key thought leaders and industry experts such as experienced front-line employees, CEOs, and marketing personnel. In-depth interviews with important thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing personnel were conducted as part of the primary study.. The players highlighted in this report are as follows:

Knee Replacement Devices Market Regional Analysis:

The study covers both qualitative and quantitative data and offers a comprehensive look into the Knee Replacement Devices industrial sector by area. It gives an overview and forecast of the worldwide Knee Replacement Devices market by segment. It also forecasts and predicts market sizes for five important regions between 2021 and 2027: North America, Europe, Asia-Pacific, the Middle East, Africa, and South America. Each area’s Knee Replacement Devices market is further subdivided into regions and sectors. The research examines and forecasts a wide range of countries, as well as existing industry trends and prospects.

COVID-19 Impact Analysis on Knee Replacement Devices Market:

We investigated and analyzed the Global Knee Replacement Devices Business Expansion Strategy post-COVID-19, using organisational strategic analysis, landscape, category, utilization, and leading countries to encapsulate and analyze the global Knee Replacement Devices industry’s potential, providing statistical data on market trends, growth regulators, major challenges, PORTER analysis, and market entry strategy analysis, prospects, and forecasts. The fundamental purpose of the research is to offer industrial firms a strategic analysis of the impact of COVID-19. Simultaneously, this study assessed significant countries’ markets and highlighted their market potential in post-pandemic scenarios.

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Key Questions Answered in the Knee Replacement Devices Market Report are:

• Which product categories, End Users, and Regions provide the most potential high-growth possibilities in the worldwide Knee Replacement Devices sector?
• Which Knee Replacement Devices market categories will grow the most rapidly, and why?
• Which regions will have the most rapid development, and why?
• What are the main factors impacting Knee Replacement Devices market dynamics? What are the main drivers and challenges in the Knee Replacement Devices market?
• What are the Knee Replacement Devices market’s vulnerabilities and threats?