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Total Knee Replacement Market 2020 by industry trends, statistics, key companies growth and regional forecast

Author : Ronak Bora | Published Date : 2020-09-07 

Total Knee Replacement Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

Rise in number of arthritis cases along with the rapidly ageing population across the globe will drive total knee replacement market outlook. Total knee replacement is a surgical procedure involving removal of damaged cartilage and bone from the surface of knee joint and replacing them with an artificial material. The process is generally performed on people with osteoarthritis or arthritis.

Utilization of robotic technologies to treat total knee arthroplasty is gaining popularity. This can be attributed to several advantages associated with the process such as less muscle dissection, lesser pain, blood loss, shorter hospital stays, faster rehabilitation as well as rapid improvement in range of motion.

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Technological advancements in implant material will further compel masses to opt for total knee replacement option in the coming years. Total knee replacement market size is projected to surpass USD 12 billion by 2026. Described below are some of the key factors propelling the industry forecast:

With steady increase in global geriatric population, mounting cases of bone disorders like osteoporosis and arthritis have occurred lately, triggering the demand for joint replacement procedures. As per WHO, the global population has been slowly aging, while the number of people over 60 years of age will be outnumbering children who are younger than 5 years by 2020.

In the current scenario, minimally invasive surgeries are preferred over traditional surgeries owing to reduced recovery time and faster scar tissue healing. Shifting trends towards minimally invasive procedures will favor total knee replacement industry share in the forthcoming years. Technological developments in the implant material may also attract consumer attention.

Widespread utilization of unicompartmental knee implants for partial knee surgeries is witnessed owing to smaller incision and reduced recovery time. In 2019, unicompartmental knee implants segment was valued at USD 710 million and are expected to showcase robust growth over 2020-2026.

The primary knee replacement devices segment is poised to grow at 4.3% over the analysis period. The robust adoption rate of the devices can be attributed to sophisticated technologies and total pain relief provided by the surgery. Increasing rates of osteoporosis and osteoarthritis, majorly in women will contribute to substantial adoption of these surgeries.

Increasing rate of obesity and osteoporosis in the Chinese population will drive the demand for knee replacement procedures. China total knee replacement industry share is estimated to showcase exponential growth rate of over 10% through 2026.

The geriatric population base is also expanding in China and older people are more prone to bone deterioration. Also, rising prevalence of osteoporosis in the people due to reduced calcium intake may further fuel the demand for total knee replacement surgeries in the coming years. 

Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/total-knee-replacement-market

Partial Chapter of the Table of Content 

Chapter 4.    Total Knee Replacement Market, By Product

4.1. Key segment trends

4.2. Primary Knee Replacement Systems

4.2.1.    Market estimates and forecast, by region, 2015 – 2026 (USD Million)

4.2.2.    Market estimates and forecast, by region, 2015 – 2026 (Units)

4.3. Revision Knee Replacement Systems

4.3.1.    Market estimates and forecast, by region, 2015 – 2026 (USD Million)

4.3.2.    Market estimates and forecast, by region, 2015 – 2026 (Units)

4.4. Partial Knee Replacement Systems

4.4.1.    Market estimates and forecast, by region, 2015 – 2026 (USD Million)

4.4.2.    Market estimates and forecast, by region, 2015 – 2026 (Units)

Chapter 5.    Total Knee Replacement Market, By Device Type

5.1. Key segment trends

5.2. Three-compartmental Knee Implants

5.2.1.    Market estimates and forecast, by region, 2015 – 2026 (USD Million)

5.2.2.    Market estimates and forecast, by region, 2015 – 2026 (Units)

5.3. Bicompartmental Knee Implants

5.3.1.    Market estimates and forecast, by region, 2015 – 2026 (USD Million)

5.3.2.    Market estimates and forecast, by region, 2015 – 2026 (Units)

5.4. Unicompartmental Knee Implants

5.4.1.    Market estimates and forecast, by region, 2015 – 2026 (USD Million)

5.4.2.    Market estimates and forecast, by region, 2015 – 2026 (Units)

 

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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