Market Insights
Knee replacement surgery is an orthopedic surgery wherein the damaged knee is replaced by artificial components called implants. There are different types of implants used in knee replacement surgery depending on the knee problem and knee anatomy, as well as age, weight, and activity level.
The report titled “Global Knee Implants Market: Growth, Future Prospects, and Competitive Analysis, 2017–2025” offers strategic insights into the overall knee implants market, along with the market size and estimates for the duration of 2017 to 2025. The research study covers an in-depth analysis of market segments based on procedure type, material type, and different geographical regions.
In order to help strategic decision-makers, the report also includes sections on the competitive profiling of the leading players in the global knee implants market, an attractive investment proposition, and the market positioning of key manufacturers.
Geographically, the global knee implant market is studied for the following regional markets:
- North America
- Europe
- Germany
- France
- UK.
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- South-east Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of the Middle East and Africa
The market size and forecast for these regional and country-level markets are presented in this study for the period 2015–2025. Market growth rates for the forecast period of 2015–2025 are also included in this report, considering 2016 as the base year.
Along with quantitative information, qualitative information sets and assessment tools are provided in this study for a better analysis of the overall market scenario and future prospects. Information such as market inclination insights and drivers, challenges, and opportunities assists the readers in understanding the ongoing trends in the global knee implant market.
Tools such as key player market positioning and an appealing investment proposition provide readers with insights into the competitive landscape of the global knee implants market. This report concludes with a company profiles section that highlights major information about the key players engaged in the global knee implant market. In-depth competitive environment analysis and historical years (2015) market size data are also provided in the report.
Thus, the research study provides a holistic view of the global knee implants market, offering market size and estimates for the period from 2015 to 2025, keeping in mind the above-mentioned factors.
Based on the type of procedure, the knee implant market is segmented into:
- Total knee replacement
- Partial knee replacement
- Revision knee replacement
Knee replacement surgery is an orthopedic surgery wherein the damaged knee is replaced by artificial components called implants. There are different types of implants used in knee replacement surgery depending on the knee problem and knee anatomy, as well as age, weight, and activity level. When the knee doesn’t respond to medications and treatment, knee replacement surgery is suggested. There are three types of replacement surgeries: total knee replacement, partial knee replacement, and revision knee surgery. Total knee replacement (TKR) surgery holds the largest share of the knee implant market. TKR is the traditional and most effective method of repairing a damaged knee.
During a TKR, the surgeon removes the surface of the bones that have been damaged by osteoarthritis or other causes and replaces the knee with an artificial implant that is selected to fit the knee anatomy. According to a survey, more than 95% of the patients in the U.S. are satisfied with the outcome of their total knee replacement surgery. Advancements in medical technology have led to precise and highly functional artificial knee implants that nearly duplicate the way the human knee moves, which is fueling the growth of the knee implant market.
Based on the type of material, the knee implant market is segmented into:
- Stainless Steel
- Cobalt-chromium Alloys
- Titanium and titanium alloys
- Polyethylene
- Ceramics
- Others
The replacement knee joint consists of a flat metal plate and stem implanted in the tibia, a polyethylene-bearing surface, and a contoured metal implant fit around the end of the femur. The use of components made from metal and polyethylene allows for optimum articulation (or joint mobility) between the joint surfaces with little wear. On the basis of materials, the knee implant market is segmented as stainless steel, cobalt-chromium alloys, titanium and titanium alloys, polyethylene, ceramics, and others. Titanium and titanium alloys held the largest share of the global knee implant market by material.
Titanium alloys are biocompatible and inert by nature, making them the most preferred type of material. The most popular titanium alloy is Ti6Al4V. Cobalt-chromium alloys are just as widely used as titanium due to their extremely inert, biocompatible, and durable properties. Polyethylene material is the fastest-growing material in the global knee implant market due to factors such as low weight, high tensile strength, and fewer chances of corrosion, which drive the global knee implant market.
For the purpose of this study, the global knee implant market is categorized as follows:
For the purpose of this study, the global knee implant market is segmented into six regional markets: North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. In the base year 2016, North America was observed as the largest revenue-generating market for knee implants, where the U.S. held the largest market share due to technological advancements in orthopedic implants, such as the use of bio-compatible materials, application of 3D printing technology to obtain precise implants, robotic-assisted and minimally invasive surgeries, and navigation technology, which are the factors driving the knee implants market in North America.
Moreover, the rising population of geriatric individuals and increasing health care expenditure are also foreseen to contribute significantly to the growth of this market during the forecast period. Asia-Pacific is expected to emerge as the fastest-growing region during the forecast period due to flourishing medical tourism in the region, especially in countries such as India, China, and Thailand, which is boosting the demand for knee replacements in Asia-Pacific.
