The rise in the geriatric populace, the rising pervasiveness of knee osteoarthritis, and an increase in the body mass levels of the younger population are some of the factors to lead the Total Knee Replacement Market growth.
LONDON, June 16, 2022 /PRNewswire/ — Verified Market Research recently published a report, “Total Knee Replacement Market” By Product Type (Primary Knee Replacement Systems, Revision Knee Replacement Systems), By Implant Type (Fixed-Bearing Implants, Mobile-Bearing Implants), By Procedure (Total Knee Arthroplasty, Partial Knee Arthroplasty), By End-Use (Hospitals, Orthopedic Clinics), and By Geography. According to Verified Market Research, the Total Knee Replacement Market size was valued at USD 8.33 Billion in 2021 and is projected to reach USD 14.9 Billion by 2030, growing at a CAGR of 6.2% from 2022 to 2030.
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Global Total Knee Replacement Market Overview
The Global Knee Replacement Market is significantly determined by the expanding geriatric populace leading to mature age sicknesses like joint inflammation, osteoporosis, and diabetes. As the medical industry is advancing, the diagnosis rates of illnesses have increased. Due to this rise in the rates, the adult population that is suffering from these illnesses are aware of their problems and hence have started opting for these replacement surgeries. This contributes to the growth of this market. The increase in the number of knee replacement medical procedures throughout the world is probably going to positively affect the market. As more and more individuals become aware of the technological trends like robot-assisted knee surgeries they start opting for these procedures and thus increasing the growth of this industry.
It also coaxes other market players to conduct research and development and come up with painless ways of performing surgeries. Surgeries like robot-assisted surgeries are promoting high efficiency and accuracy and hence reduce the rates of surgery failures. Also, rising innovative headways as innovative intrusive medical procedures alongside the presence of better embed materials are going to drive the development of the knee replacement market. Nonetheless, the significant expense of inserts and developing mindfulness for non-careful treatment techniques are probably going to hamper the development of the market.
The major players in the market are Zimmer Inc., DePuy Synthes, Stryker, Smith and Nephew, Exactech Inc., Corin Group, Aesculap Implants Systems LLC, Medacta International, Allegra Orthopaedics Limited, and Kinamed, Inc.
Verified Market Research has segmented the Global Total Knee Replacement Market On the basis of Product Type, Implant Type, Procedure, End-Use, and Geography.
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