Knee Replacement Market Overview
The global knee replacement market is anticipated to grow as the number of older patients and surgeries performed increases. Knee replacement surgery is a common joint replacement procedure for people with knee-damaging conditions like osteoarthritis, post-traumatic arthritis, or rheumatoid arthritis. The procedure involves a number of steps, including implanting the prosthetic device and replacing the injured knee. Implants are made of a variety of materials, including metal alloys, ceramics, and durable plastic components.
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Dynamics of the Knee Replacement Market:
The rising incidence of neurological disorders and the aging population are the main factors propelling the knee replacement market's expansion. The market for knee replacements is anticipated to see a surge in the development of customized replacement implants and advanced implant materials. The frequency of knee replacement surgeries carried out at an early age is rising as more people are aware of the advantages of this procedure. The market for knee replacements is anticipated to expand significantly as a result of the rising demand for 3D technologies.
Knee Replacement Market Regional Insights
Regional insights play a crucial role in understanding the nuanced dynamics of the Knee Replacement market. The Knee Replacement market is divided into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The report comprehensively examines factors, market size, growth rate, and import and export activities within each region. The Regional Analysis section presents the current status of the Knee Replacement market in the countries covered in the report.
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Knee Replacement Market Segmentation
by Product
Total Knee Replacement
Partial Knee Replacement
Kneecap Replacement
Complex Knee Replacement
The global market is divided into four segments based on the product: complex knee replacement, partial knee replacement, whole knee replacement, and kneecap replacement. In 2023, the segment with the biggest market share (4.32%) was Total Knee Replacement. An increase in infection rates, which has been linked to an increase in knee revisions, is one of the primary factors propelling market demand. The four fundamental types of complete knee replacement (positive intraoperative cultures but clinically undetectable infection) are type 1 (early post-operative), type 2 (late chronic), type 3 (acute hematogenous), and type 4 (total knee replacement). Over time, there has been a steady rise in infections associated with total knee replacement surgery.
by Implant
Fixed Bearing
Mobile Bearing
Others
by End-User
Hospitals
Orthopedic Centers
Other End Users
Knee Replacement Market Key Players
1. Aesculap Implants Systems LLC
2. Corin Group
3. DePuy Synthes Companies
4. Smith & Nephew PLC
5. Stryker Corporation
6. Zimmer Biomet
7. Exactech Inc.
8. Medacta
9. MicroPort Orthopedics Inc.
10. Medtronic PLC
11. Conformis
12. Allegra Orthopaedics Limited
13. Kinamed, Inc.
14. Johnson & Johnson Services Inc.
15. B. Braun Melsungen AG
16. DJO Global, Inc.
17. Baumer Holding AG
18. SurgTech Inc.
19. Wright Medical Group N.V.
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Key questions answered in the Knee Replacement Market are:
- What is Knee Replacement ?
- What will be the CAGR at which the Knee Replacement market will grow?
- What is the growth rate of the Knee Replacement Market?
- What are the industry trends that can be implemented to generate additional revenue streams for the Knee Replacement Market?
- Who are the leading companies and what are their portfolios in Knee Replacement Market?
- What segments are covered in the Knee Replacement Market?
- Which are the factors expected to drive the Knee Replacement market growth?
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