Knee Reconstruction Devices market analysis and growth - 2019
Posted by rohan on July 1st, 2019
Knee Reconstruction Devices market was worth USD 7.23 billion in 2018 and estimated to be growing at a CAGR of 4.35%, to reach USD 8.95 billion by 2023. The market has obvious potential in the forecast period. With the rapid development of the industry, the market continues to gain momentum. Total joint replacement of an altered knee with artificial knee implants was a reliable and efficient treatment method. It provides a significant improvement in the performance and quality of life of patients around the world. Knee pain caused by musculoskeletal disorders, such as osteoarthritis (OA), is a rapidly growing disease that is expected to result in major knee replacement surgery in years to come.
Market Drivers and Restraints:
Knee reconstruction devices market is driven by factors, like the growth of an aging population and increasing prevalence of arthritis, technological development, and suitable healthcare policies in a majority of the countries. Additionally, many countries across the world have become healthcare tourism points for knee reconstruction surgeries, as they provide quality treatment at affordable prices.
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Report segmented as
By Product Type:
Based on geography, the global market is analyzed under various regions, namely North America, Europe, Asia-Pacific, Middle-east, and Africa, and Latin America. The Global Knee Reconstruction Devices market was dominated by North America, with the largest market share globally, but Asia Pacific is expected to show the highest CAGR in the forecast period.
Important Market Players:
Some of the major companies dominating the market, by their products are Zimmer, Inc., Stryker, DePuy Synthes, Smith & Nephew Plc, Arthrex, Inc., Exactech, Inc., Corin, DJO Global, Japan Medical Dynamic Marketing, Inc.
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The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
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About the Authorrohan
Joined: September 20th, 2017
Articles Posted: 1,346
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