Knee Replacement Devices Market Consumption Analysis, Future Trends, Top Key Manufacturers, Demands and Forecast to 2029

[akash Arjun pingale]

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: 

The Knee Replacement Devices Market study gives a comprehensive view of the competition, including the market share and company profiles of the major global competitors. The scope of the research includes a full examination of the Knee Replacement Devices Market, as well as the reasons for variations in the industry's growth between regions.

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.

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Market Scope:

Following the completion of market engineering, which included market statistics computations, market size estimations, market forecasts, market breakdown, and data triangulation, extensive primary research was done to gather information and 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.

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

Market leaders are identified by primary and secondary research, and market revenue is calculated using primary and secondary research. The core study included in-depth interviews with key thought leaders and industry experts such as experienced front-line personnel, CEOs, and marketing executives. In-depth interviews with important thought leaders and industry experts, such as experienced front-line personnel, CEOs, and marketing executives, were conducted as part of primary research, while secondary research included a review of the major manufacturers' annual and financial reports. Secondary data is utilized to calculate percentage splits, market shares, growth rates, and global market breakdowns, which are then verified against primary data.

Regional Analysis:

Individual market influencing components and changes in market laws impacting current and future market trends are also covered in the Knee Replacement Devices market analysis regional overview. Current and future trends are studied in order to evaluate the overall market potential and find profitable patterns in order to get a firmer footing. The geographical market evaluation is based on the current environment and anticipated trends.

COVID-19 Impact Analysis on Knee Replacement Devices Market:

Due to a break in operations, end-user sectors where Knee Replacement Devices are used suffered a drop in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, the United States, and Spain, France, and India. As a result, the revenues of enterprises in these industries fell significantly, as did the demand for Knee Replacement Devices manufacturers, impacting the growth of the Knee Replacement Devices market in 2020. Lockdowns and a surge in COVID-19 events globally have severely reduced end-user business demand for Knee Replacement Devices.

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

• In 2021, which segment held the highest proportion of the Knee Replacement Devices market?
• What is the Knee Replacement Devices market's competitive landscape?
• What are the primary drivers assisting Knee Replacement Devices market growth?
• Which region has the most market share in the Knee Replacement Devices market?
• What will be the Knee Replacement Devices market's CAGR throughout the projected period (2022-2027)?

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