Knee Implant Market worth $13.1 billion by 2027
The report "Knee Implant Market by Product (Total Knee, Partial Knee, Revision Knee), Design (Mobile, Fixed Bearing), Fixation (Cemented, Cementless, Hybrid), End User (Hospitals, ASCs) - Global Forecasts to 2027", is projected to reach USD 13.1 billion by 2027 from USD 10.5 billion in 2022, at a CAGR of 4% during the forecast period
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/knee-implant-market-15345318.html
Factors such as a rapid rise in cases of knee osteoarthritis, increase in the number of sports-related knee injuries, higher prevalence of inflammatory arthritis, rising demand for minimally invasive surgical procedures, and increase in the healthcare expenditure are expected to propel the overall growth of knee implants in the forthcoming years.
However, the high cost of Knee replacement surgery, the absence of skilled orthopedic surgeons, and the lower infrastructure capacity to perform knee replacement surgery in lower-middle-income countries are anticipated to restrain the market growth during the forecast period.
The total knee replacement segment accounted for the largest share of the knee implant market in 2021.
Based on the product, the knee implant market is segmented into total knee replacement, partial knee replacement, and revision knee replacement. In 2021, total knee replacement accounted for the largest share of the knee implant market. The key factors driving the growth of this market include the presence of a large patient population with knee osteoarthritis in need of total knee replacement surgery. An increase in the geriatric population and the adoption of robotic-assisted knee replacement surgery are expected to propel the growth of this segment.
Based on the design, the mobile bearing implants are expected to register the highest growth CAGR during the forecast period.
On the basic design, the knee implant market is segmented into fixed bearing, mobile bearing, and other knee implants. The mobile bearing implants segment is expected to grow at a significant CAGR during the forecast period. This is attributed to the broader range of knee rotation offered by the mobile bearing implants post-knee replacement procedure compared to fixed bearing implant design, thus improving the overall knee function.
North America to command the largest share of the knee implants market in 2021
Based on region, the knee implants market is segmented into North America, Europe, the Asia Pacific, Latin America, and Middle East & Africa. North America accounted for the largest share of the knee implants market in 2021. The growth of the North American market is primarily driven by the higher incidence of knee osteoarthritis, rising healthcare expenditure, rapid adoption of advanced surgical procedures, and the presence of well-established players in the region.
Prominent players in the knee implants market include Zimmer Biomet (US), Smith & Nephew plc (UK), Stryker (US), Johnson & Johnson Services, Inc. (DePuy Synthes) (US), Enovis (DJO) (US), Arthrex, Inc. (the US), Exactech, Inc. (the US), Conformis (US), MicroPort Orthopedics, Inc. (the US), B. Braun Melsungen AG (Germany), ARTIQO GmbH (Germany), Corin Group (UK), CORENTEC Co., Ltd. (South Korea), Meril Life Sciences Pvt. Ltd (India), Smit Medimed Pvt Ltd (SMPL) (India), Limacorporate (Italy), Merete GmbH (Germany), Amplitude (France), among others.
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the Knee Implant Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
- Defend your Market Share or Win Competitors
- Get a Scorecard for Target Partners
