The Global Total Knee Arthroplasty Market size is expected to reach USD 4,136.5 million by 2028 from USD 3,824.2 million in 2018 and to grow at a CAGR of 2.1% during the forecast period (2021-2028). The high growth in this industry can be attributed to the aging population, increasing life expectancy, and rise in awareness about artificial joint replacements among people suffering from knee pain.
Total Knee Arthroplasty is a surgical procedure in which the entire joint surface of the knee - including both articular cartilage and bone surfaces, are removed. The main goal is to relieve pain or disability due to arthritis on one or more compartments of the knee (including the medial compartment).
There are many different types of Total Knee Arthroplasties that can be performed, depending on what type of surgery was done before (e.g., total vs partial), how severe the symptoms are now, and exactly where you're experiencing pain. The most common Total Knee Arthroplasty procedures involve removing all parts of an arthritic knee joint that no longer provide stability for weight-bearing. It involves replacing the knee joint with an artificial component.
On the basis of Types, the market is segmented into Fixed-Bearing Implants and Mobile-Bearing Implants.
Fixed-bearing implants are surgically implanted components that have a ball and socket type joint. The femur (thigh bone) is fitted with an implant that has two parts: the cup, which fits into the hollowed-out section of the knee end of your thighbone or femur; and a metal stem extending from it to fit into your leg shaft. Other fixed-bearing implants may also include a round metal base plate used for fixation on one side of the knee joint or both sides if required.
The goal in all types of total knee arthroplasty surgery is to restore stability while restoring function during walking, standing up, and climbing stairs as well as cutting down pain levels associated with arthritis, bursitis inflammation, or other knees joint degeneration.
Mobile-bearing implants are designed to enable the joint to have a more natural motion. They do not offer as much stability as the fixed-bearing types of implants, but they can reduce pain and swelling after surgery.
The mobile bearings will wear out over time requiring them to be replaced every few years or so, depending on how often you use your knee for activities like running and biking. These types of implants also may require revision surgeries in order to address loosening problems that can occur with repeated stress from physical activity. Mobile bearing knee replacement is used mostly for people who want an artificial knee that provides less stiffness than other options such as total hip arthroplasty (sometimes called Total Hip Replacement) or Total Knee Arthroplasty.
On the basis of Application, the market is segmented into Hospitals and Clinics.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The North American market accounted for the largest share of the global total knee arthroplasty market in 2018. The U.S., Canada, and Mexico are major countries from this region.
The Asia Pacific has been witnessing high economic and demographic growth due to its large population base coupled with increasing awareness about healthcare provisions leading to increased infrastructure developments in this region that would further boost up investments made in hospitals and clinics.
The increase in the geriatric population, rise in prevalence rate for osteoarthritis, and incidence of non-traumatic joint injury are some factors driving the demand for Total Knee Arthroplasty globally. Moreover, advancements made in medical technology have enabled surgeons to offer this treatment as an alternative therapy against chronic pain-related problems such as arthritis.
Up Market Research published a new report titled “Total Knee Arthroplasty Market research report which is segmented by Types (Fixed-bearing Implants, Mobile-bearing Implants), By Applications (Hospital, Clinic), By Players/Companies Zimmer Biomet, Stryker, J & J, Smith and Nephew, B Braun, Exactech, Medacta, MicroPort Scientific, CONMED, Kinamed”.
|Total Knee Arthroplasty Market Research Report
|Fixed-bearing Implants, Mobile-bearing Implants
|Zimmer Biomet, Stryker, J & J, Smith and Nephew, B Braun, Exactech, Medacta, MicroPort Scientific, CONMED, Kinamed
|North America, Europe, APAC, Latin America, MEA
|2018 to 2019 (Data from 2010 can be provided as per availability)
|Number of Pages
|Number of Tables & Figures
|Yes, the report can be customized as per your need.
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Fixed-bearing Implants, Mobile-bearing Implants and By Application Hospital, Clinic.
Some of the companies that are profiled in this report are:
Total Knee Arthroplasty Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Total Knee Arthroplasty Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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