According to Technavio’s latest market research study, the global knee replacement devices market is expected to grow at a CAGR of more than 3% during the forecast period, 2017-2021.
This report by Technavio provides an in-depth analysis of the global knee replacement devices market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the procedure type
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Global primary knee replacement market: Primary knee replacement is the surgical process of replacing an entire knee joint, which is damaged, broken, or diseased by infection, with artificial materials, such as knee implants. This procedure is the most effective treatment for end-stage knee osteoarthritis. The market is expected to experience significant growth over the next four years as it is the most widely used procedure for all knee replacement procedure types.
“The volume of primary knee replacement procedures is experiencing an upsurge in emerging countries of APAC, Latin America, and Eastern Europe. This trend is fueled by the growing awareness levels about the availability of knee replacement procedures, aggressive promotional campaigns by hospitals and orthopedic centers, and the growing number of the target population with end-stage osteoarthritis and other bone-related disorders,” says Barath Palada, a lead analyst at Technavio for research on orthopedics and medical devices.
Global partial knee replacement market: Partial knee replacement involves the removal of the damaged bone and the tissue adjacent to the bone joint and is performed when arthritis such as rheumatoid arthritis and osteoarthritis affects only one side of the knee. The procedure is generally carried out with the help of MI procedures through small incisions. Increased reliability, resulting from technological advancements, are anticipated to drive the growth of the global partial knee replacement market during the forecast period.
Global revision knee replacement market: Increased incidences of knee-related disorders and short lifespan of the knee replacement devices are the key driving forces behind the demand for revision knee replacement surgeries in the global market. Such cases are relatively high in developed countries such as the US, Japan, Germany, and the UK. According to Technavio industry research analysts, the rise in a number of ASCs and end-users’ interest toward MI techniques are likely to increase the demand for revision knee replacement devices over the next four years.
The top vendors operating in the global knee replacement devices market are:
- Zimmer Biomet
- DePuy Synthes
- Stryker
- Smith & Nephew
- Exactech
- ConforMis
Other prominent vendors in the market include Aesculap Implant Systems, Arthrex, Arthrosurface, Baumer, Corentec, Corin, Elite Surgical, Evolutis, EUROS, FH Orthopedics, Lima Corporate, Medacta, Marle, MicroPort Scientific Corporation, ORTOSINTESE, Ortho Development, PETER BREHM, Surgival, and X.NOV.
A more detailed analysis is available in the Technavio report titled, ‘Global Knee Replacement Devices Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Lower Extremities Market 2017-2021
- Global Cerebrospinal Fluid (CSF) Management Devices Market 2017-2021
- Global Gynecology Surgical Devices Market 2017-2021
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