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Knee Replacement Market 2021 Size & Share | Market worth USD 12.48 billion with 4.3% CAGR by 2027

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saurabh jadhav
Knee Replacement Market 2021 Size & Share | Market worth USD 12.48 billion with 4.3% CAGR by 2027

The global ”knee replacement market” is expected to reach USD 12.48 billion by 2027, exhibiting a CAGR of 4.3% during the forecast period. The growing cases of arthritis among the general population can be a crucial factor augmenting the growth of the market, states Fortune Business Insights, in a report, titled “Knee Replacement Market Size, Share & COVID-19 Impact Analysis, By Procedure (Total Knee Arthroplasty, Partial Knee Arthroplasty, and Revision Arthroplasty) By Implant Type (Fixed Bearing, Mobile Bearing, and Others) End-user (Hospitals, Orthopedic Clinics, Ambulatory Surgical Centers, and Others) and Regional Forecast, 2020-2027” the market size stood at USD 9.45 billion in 2019.

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Major Knee Replacement Market Key players covered in the report include:

  • Zimmer Biomet (Indiana, U.S.)
  • Stryker (Michigan, U.S.)
  • DePuy Synthes Companies (Johnson & Johnson Services, Inc.) (Indiana, U.S.)
  • Smith & Nephew (London, U.K.)
  • Aesculap, Inc.– a B. Braun company (Center Vally, USA)
  • Medacta International (Castel San Pietro, Switzerland)
  • MicroPort Scientific Corporation (Shanghai, China)
  • Conformis (Massachusetts, U.S.)
  • Other Prominent Players

Get Request a Sample Copy of the Knee Replacement Report:

https://www.fortunebusinessinsights.com/enquiry/sample/knee-replacement-implants-market-101244

Our research methodology is robust and includes data triangulation based on bottom-up and top-down approaches. We validated the approximate market number with the help of primary research. Secondary research was conducted to find out detailed information about mergers and acquisitions, collaborations, joint ventures, and agreements. At the same time, we have derived significant information about the market dynamics associated with growth drivers, trends, and obstacles.

It offers figurative estimations for upcoming years on the basis of the recent developments and historic data. For gathering information and estimating revenue for all segments, researchers have used top-down and bottom-up approaches. On the basis of data collected from primary and secondary research and trusted data sources the report will help both existing and new aspirants for market to figure out and study the market’s needs, market size, and competition.

Knee Replacement Market Analysis 2021:

Rising Diagnosis Rate of Knee Arthritis to Bolster Growth

The surge in the geriatric population will create lucrative opportunities for the market in the forthcoming years. According to the Arthritis Foundation, the annual incidence of knee osteoarthritis in the United States is highest between the age group 55 and 64 years old. The rapid surge in diagnosis of knee arthritis among the adult population is expected to enable speedy expansion of the market in the forthcoming years. The rising prevalence of knee osteoarthritis is a key factor in promoting the growth of the market. According to the Osteoarthritis Research Society International (OARSI), the prevalence of global knee osteoarthritis is likely to reach 5% with the rise in the aging population. The growing number of knee replacement surgeries around the world is likely to have a positive effect on the market. According to the Agency for Healthcare Research and Quality (AHRQ), more than 600,000 knee replacement surgeries are performed in the United States every year. Additionally, the surge in healthcare expenditure is predicted to spur lucrative opportunities for the market in the foreseeable future.

For more information visit : 

https://www.fortunebusinessinsights.com/industry-reports/knee-replacement-implants-market-101244

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