Knee Replacement Market Growth, Market Insights and Forecast to 2025Posted by rekha on November 26th, 2019 “The Knee Replacement Market is burgeoning at significant CAGR over the forecast years 2019-2025 and expected to reach US$ 13,627.8 Mn by 2025, due to surge in R&D for the launch of technologically advanced implants into market” Precision Business Insights (PBI) in its report titled “Knee Replacement Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period from 2019 to 2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period. The global knee replacement market expected to reach US$ 13,627.8 Mn by 2025. The knee replacement market is growing at prominent growth rate owing to surge in number of knee injuries and knee osteoarthritis across the globe. For instance,as per Arthritis Foundation 2017 data, approximately 30.8 Mn adults were affected with osteoarthritis in USA and 14 Mn individuals were diagnosed with symptomatic knee osteoarthritis in the country. Moreover, rise in R&D for the development of innovative knee replacement devices, increase in adoption of minimally invasive surgical procedures, and rise in healthcare re anticipated to surge the knee replacement market over the forecast years. However, high cost of advanced knee replacement procedures, lack of awareness about the underdeveloped economies, and stringent regulatory framework are the factors deter the knee replacement market over the forecast timeframe Foot and ankle devices market segmented on the basis of procedure type, component, material type, end user, and region. Request for Sample Report @ https://www.precisionbusinessinsights.com/request-sample?product_id=16073 Total Knee Repolacement Segment Expected to Dominate the Market Based on procedure type, the knee replacement market is segmented into total knee replacement, partial knee replacement, and revision knee replacement. Among all the procedures, total knee replacement dominated the market and the market in 2018 and is expected to grow at 5.4% CAGR over the forecast period owing to long lasting results with this procedure, development of advanced technologies, and complete recovery from knee arthritis. For instance, in August 2019, Fuse Medical, Inc. launched Sterizo, a total knee replacement system into market. Moreover, partial knee replacement segment burgeoning at notable CAGR over the forecast years owing to surge in incidence of degenerative diseases and development of robotic assisted for knee replacement surgeries. North America Accounts for Major Revenue Share for Knee Replacement Market Precision Business Insights (PBI), knee replacement market report analyses the market in different regions North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Among all the regions, North America dominated the global knee replacement market in 2018 and the region expected to grow at significant CAGR over the forecast years due to increase in the incidence of arthritis in USA and Canada. For instance, according to the National Health Interview Survey (NHIS), approximately 22.7% of adults identified with arthritis per year in USA. Additionally, surge in the number of sports injuries, burgeoning the R&D expenditure for advanced devices, and favorable reimbursement policies are boost the market over the forecast years. In addition, Asia Pacific knee replacement market has lucrative opportunities over the forecast years owing to large patient pool, surge in geriatric population in China, Japan, and India, increase in medical tourism, and expansion of business by the market players into region. Strategic Alliances, Product Approvals, and Launch of Newer Products in Knee Replacement Market
Key player’s profiles in the report are Stryker Corporation, Smith & Nephew plc, Aesculap Implants Systems LLC, Activa Implants, LLC, DePuy Orthopaedics, Inc., Corin Group, Fuse Medical, Inc., Zimmer Biomet, Inc., and OMNIlife science, Inc. Detailed Segmentation By Procedure Type o Total Knee Replacement o Partial Knee Replacement o Revision Knee Replacement By Component o Fixed-Bearing Implants o Mobile-Bearing Implants By Material Type o Ceramic Material o Metal Alloy o Strong Plastic Parts o Others By End User o Hospitals o Clinics o Rehabilitation centres o Others Geography o North America
o Europe
o Asia-Pacific
o Latin America
o Middle East and Africa (MEA)
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