According to a new report published by UnivDatos Markets Insights, the Knee Replacement Implants market was valued at USD ~8 billion in 2021 & is expected to grow at a CAGR of 4.7% from 2022-2028. The analysis has been segmented into Product Type (Total Replacement Systems, Partial Replacement Systems, Knee Revision Systems); Implant Type (Fixed Bearing Implants, Mobile Bearing Implants, Medial Pivot Implants); Fixation (Cemented and Cementless); and End-User (Hospitals, Orthopaedic Clinics, and Others); Region/Country.
Request for Sample Pages- https://univdatos.com/report/knee-replacement-implants-market/get-a-free-sample-form.php?product_id=37594
The knee replacement implants market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the knee replacement implants market. The knee replacement implants market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the knee replacement implants market at the global and regional levels.
Key Market Dynamics
Knee replacement implants are used in various Knee-Associated Musculoskeletal Disorders (KAMs) to alleviate pain and improve joint function. The most common KAMs that require knee replacement surgery include osteoarthritis, rheumatoid arthritis, and post-traumatic arthritis. As the incidence of osteoarthritis, rheumatoid arthritis, and post-traumatic arthritis continues to rise, the demand for knee replacement implants is also increasing. is a degenerative joint disease that affects the cartilage in the knee joint, causing it to break down over time. Knee replacement implants are used to replace damaged or worn-out cartilage, reducing pain and improving joint function in cases of osteoarthritis. The implants can be made of metal, plastic, or a combination of both, and are designed to mimic the natural movement of the knee joint. In patients suffering from rheumatoid arthritis, knee replacement implants are used to replace damaged joints and restore joint function. In some cases, implants can also be used in conjunction with other treatments, such as medication or physical therapy, to manage the symptoms of rheumatoid arthritis. Post-traumatic arthritis occurs after an injury or trauma to the knee joint, such as a fracture or ligament tear. The damage to the joint can lead to the development of arthritis over time, causing pain and limited mobility. Knee replacement implants can be used to replace the damaged joint, restoring function and reducing pain.
In addition to these KAMs, knee replacement implants can also be used in other conditions that cause damage to the knee joint, such as avascular necrosis, aseptic loosening, and bone tumors. Overall, knee replacement implants are a valuable treatment option for patients with KAMs that have failed other treatments, such as medication or physical therapy, and are experiencing significant pain and limited mobility. As more people become aware of the benefits of knee replacement surgery, they are more likely to consider it as a treatment option.
COVID-19 Impact
The COVID-19 pandemic has had a significant impact on the healthcare industry, including the knee replacement implants market. The knee replacement implant market has been affected by various factors, such as disruptions in the supply chain, reduced demand, and delays in surgeries. One of the primary factors affecting the knee replacement implants market has been the postponement of elective surgeries. With the focus on treating COVID-19 patients and reducing the risk of infection, many hospitals and healthcare facilities have had to delay elective surgeries, including knee replacement surgeries. This has led to a decline in demand for knee replacement implants, as well as a decrease in revenues for manufacturers. Furthermore, the pandemic has caused disruptions in the supply chain, as manufacturers have had to adapt to new safety measures and travel restrictions. This has resulted in delays in the delivery of knee replacement implants to hospitals and healthcare facilities, causing further uncertainty in the market.
Despite these challenges, the knee replacement implants market is expected to rebound in the post-pandemic period as elective surgeries resume and the demand for knee replacement surgeries increases. Additionally, the growing prevalence of knee osteoarthritis, an aging population, and technological advancements in knee replacement implants are expected to drive market growth in the long term.
The global knee replacement implants market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
· By implant type, the market is segmented into fixed bearing implants, mobile bearing implants, and medial pivot implants. Among these, mobile bearing implants captured the majority share of the knee replacement implants market in 2021.
· On the basis of end-user, the market is segmented into hospitals, orthopaedic clinics, and others. The hospitals held a major share of the knee replacement implants market in 2021.
Have a Look at the Chapters- https://univdatos.com/report/knee-replacement-implants-market/
Knee Replacement Implants Market Geographical Segmentation Includes:
· North America (U.S., Canada, and the Rest of North America)
· Europe (Germany, UK, France, Italy, Spain Rest of Europe)
· Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific)
· Rest of the World
North America dominated the knee replacement implants market in 2021 due to the presence of advanced healthcare systems in the region along with an increase in healthcare spending. Moreover, adequate reimbursement policies are the driving factors. In addition, a surge in arthroplasty procedures from the past decade is also projected to increase the market for knee reconstruction and replacement devices in the region. According to the 2020 annual report of the American Joint Replacement Registry, approximately 995,410 total knee arthroplasty procedures were performed whereas 75,489 knee revision arthroplasty was performed between the years 2012-2019.
Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the knee replacement implants market. The major players have been analyzed by using research methodologies such as Porter’s Five Forces Analysis for getting insight views on global competition.
Recent Developments:
· In August 2021, Fuse Medical, Inc. announced FDA 510(k) Clearance of the Sterizo Tibial Revision Knee System and PS plus Posterior Stabilized Tibial Insert.
· In July 2020, Corin received the US FDA approval for OMNIBotics software update that enables the option to incorporate Unity Knee, total knee implants with robotic-assisted surgery in the U.S. This approval helped the company to strengthen its product portfolio in the U.S.
Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and technological advancements in the knee replacement implants market?
• Which factors are influencing the knee replacement implants market over the forecast period?
• What are the global challenges, threats, and risks in the knee replacement implants market?
• Which factors are propelling and restraining the knee replacement implants market?
• What are the demanding global regions of the knee replacement implants market?
• What will be the global market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by global companies?
• What are the descriptive profiles of key companies along with their SWOT analysis?
We understand the requirement of different businesses, regions, and countries, we offer customized reports as per your requirements of business nature and geography. Please let us know If you have any custom needs.
Click here to view the Report Description & TOC- https://univdatos.com/report/knee-replacement-implants-market/
About UnivDatos Market Insights (UMI)
Browse Other Related Research Reports from UnivDatos Market Insights
· Orthopedic Navigation Systems Market
· Orthopedic Regenerative Surgical Products Market
