Global Knee Implants Market
By Product Type (Kneecap Replacement, Partial Knee Replacement, Total Knee replacement, Others), By Material (Cobalt-Chromium Alloys, Titanium Alloys, Stainless Steel, Ceramics, Polyethylene, Others), By End User (Hospitals, Clinics, Ambulatory Surgical Centers (ASCs)), and Geography – Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024
Global knee implants market was valued at US $ XX Mn and expected to grow at 7.9% Compound Annual Growth Rate (CAGR) from 2018 to 2024.
Market Outline: Global Knee Implants Market
Knee implants are used in the knee replacement surgery or arthroplasty to replace the damaged cartilage and bone to recreate the joint surface. Knee implants are made up of metal alloys, strong plastic parts, or ceramic materials. Knee implants are used in the kneecap replacement, complex knee replacement, partial knee replacement, and total knee replacement surgeries. Knee implantation is commonly performed for patients with rheumatoid arthritis, osteoarthritis, and psoriatic arthritis.
Market Dynamics: Global Knee Implants Market
Increase in the prevalence of osteoporosis and rheumatoid arthritis is a key factor drives the global knee implants market over the forecast years. Moreover, technological advancements of knee replacement surgeries, rise in R&D for the development of innovative implants, rise in prevalence of obesity and diabetes due to change in lifestyle, and increase in healthcare expenditure are surge the global knee implants market. However, high cost of products, stringent regulations for product approval, and dearth of skilled professionals are restrain the global knee replacement market over the forecast timeframe.
Market Scope: Global Knee Implants Market
Global knee implants market is segmented based on product type, material type, and end user
Based on product type, market is segmented into the following:
- Kneecap Replacement
- Partial Knee Replacement
- Total Knee replacement
- Others
Based on the material type, market is segmented into the following:
- Cobalt-Chromium Alloys
- Titanium Alloys
- Stainless Steel
- Ceramics
- Polyethylene
- Others
Based on the end users, the market is segmented into the following:
- Hospitals
- Clinics
- Ambulatory Surgical Centers (ASCs)
Regional Analysis: Global Knee Implants Market
Geographically, global knee implants market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America knee implants market is poised to grow due to rise in prevalence of osteoarthritis and rheumatoid arthritis, increase in R&D for the development of newer products by market players, and sophisticated healthcare infrastructure are bolster the market. Europe knee implants market is driving by rise in adoption of newer knee implants and procedures, presence of skilled professionals in developed countries, and increase in prevalence of lifestyle disorders such as obesity and diabetes couple with rise in number of sports injuries are surge the market. Asia Pacific knee implants market has prominent share attributed to increase in the medical tourism in Asia Pacific countries, rise in disposable income, and large patient pool in Asia Pacific region are fuel the market.
Competition Assessment: Global Knee Implants Market
Some of the players in the global knee implants market include:
- Stryker Corporation (U.S.)
- Zimmer Biomet Holdings (U.S.)
- DePuy Synthes (U.S.)
- Aesculap Implants Systems, LLC (U.S.)
- Medacta (Switzerland)
- Exactech, Inc. (U.S.)
- CONMED (U.S.)
- MicroPort Orthopedics, Inc (U.S.A)
- Kinamed, Inc.(U.S.)
- OMNIlife science Inc. (U.S.)
- ConforMIS(U.S.)
Notable Market Developments: Global Knee Implants Market
- In September 2017, Zimmer Biomet launched Persona partial knee system used in the partial knee replacement surgery
