The global knee replacement market will derive growth from recent advancements in the material associated with the surgical procedures. According to a report published by Fortune Business Insights, titled “Knee Replacement Market Size”, Share & Industry Analysis, By Procedure (Total Knee Arthroplasty, Partial Knee Arthroplasty, and Revision Arthroplasty) By Implant Type (Fixed Bearing, Mobile Bearing, and Others) End-user (Hospitals, Orthopedic Clinics, Ambulatory Surgical Centres, and Others) and Regional Forecast, 2019-2026,” the market size was USD 9.06 Bn in 2018 and is projected to reach USD 12.72 billion by 2026, exhibiting a CAGR of 4.3% during the forecast period.
Recent material innovations in the equipment associated with knee replacement surgeries have opened up a huge potential for the growth of the market in the coming years. The growing adoption of robotic-assisted knee surgeries will lead to an increase adoption across the world. The high prevalence of knee osteoarthritis will create several opportunities for growth for the companies operating in the market.
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Key Players Operating in The Knee Replacement Market Include:
Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:
DePuy Synthes Companies (Johnson & Johnson Services, Inc.)
Smith & Nephew
Aesculap, Inc.– a B. Braun company
MicroPort Scientific Corporation
The report provides an in-depth analysis of the global market. It highlights key aspects of the market and focuses on factors such as leading product types and major companies. It summarizes the competitive landscape in detail and predicts companies that are likely to emerge leading in the coming years. The report provides forecast values for the market for the period of 2019-2026. These values have been evaluated on the basis of extensive research analysis methods. Additionally, the report encompasses several factors that have constituted an increase in the knee replacement market size in recent years.
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Increasing Number of Usage Clearances to Aid Market Growth
The report provides a detailed analysis of several factors that have made a positive impact on the market in recent years. The high demand for knee replacement procedures has encouraged regulatory authorities to approve newer products. The increasing number of regulatory clearances will aid the growth of the market in the coming years. In October 2019, Think Surgical announced that it received approval from the Food and Drug Administration for its latest knee replacement solution. The company announced the approval for TSolution One System, a knee replacement procedure. The report highlights major FDA approvals of recent years and gauges the impact of these clearances on the global market.
Detailed Table of Content:
Definitions and Assumptions
Prevalence of Knee Osteoarthritis by key Country/Region-2018
Technological Advancements in Knee Implants
Overview of Number of Knee Replacement Surgeries by key Country/Region-2018
The Regulatory Scenario by Key Country/Region
key Industry Developments-Mergers, Acquisitions, Partnerships, & New Product Launch)
Global Knee Replacement Market Analysis, Insights and Forecast, 2015-2026
Key Findings / Summary
Market Analysis, Insights and Forecast – By Procedure
Total Knee Arthroplasty
Partial Knee Arthroplasty
Market Analysis, Insights and Forecast – By Implant Type
Market Analysis, Insights and Forecast – By End User
Ambulatory Surgery Centers
Market Analysis, Insights and Forecast – By Region
Middle East & Africa
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Extensive product offerings
Customer research services
Robust research methodology
Latest technological developments
Value chain analysis
Potential Knee Replacement Market opportunities
Regular report updates
Reasons to Purchase this Report:
Comprehensive analysis of the Knee Replacement Market growth drivers, obstacles, opportunities, and other related challenges.
Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
Identifies market restraints and boosters.
Identifies all the possible segments present in the market to aid organizations in strategic business planning.
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KEY QUESTIONS ANSWERED:
What is the market size and growth rate of the global and regional market by various segments?
What is the market size and growth rate of the market for selective countries?
Which region or sub-segment is expected to drive the market in the forecast period?
What Factors are estimated to drive and restrain the Knee Replacement Market growth?
What are the key technological and market trends shaping the market?
What are the key opportunities in the market?
What are the key companies operating in the market?
Which company accounted for the highest market share?
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