Life Sciences / Total Knee Replacement Market - Global Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions And By Key Players: Stryker, Zimmer Biomet, B. Braun, Smith & Nephew, ConfirMIS, Inc, Medacta, Biomet, Exactech, Inc.
Total Knee Replacement Market - global growth, trends and forecast (2022 - 2027) by types, by application, by regions and by key players: Stryker, Zimmer Biomet, B. Braun, Smith & Nephew, ConfirMIS, Inc, Medacta, Biomet, Exactech, Inc.
The global Total Knee Replacement Market will register a 6.3% cagr in terms of revenue, the global market size will reach us$ 6.90 million by 2027.
Total Knee Replacement Market Overview
The growing senior population is driving the knee replacement market, which is fueling old-age illnesses like arthritis, osteoporosis, and diabetes. Furthermore, increased technological breakthroughs such as minimally invasive operations and the availability of improved implant materials are expected to propel the knee replacement market forward. The most common orthopedic surgery is total knee replacement, or total knee arthroplasty, which involves replacing the articular surfaces of the knee joint with highly cross-linked polyethylene plastic and smooth metal. The end of the femur and lower leg bone are removed and replaced with artificial material in total knee replacement surgery. Patients with significant knee joint problems who experience growing pain and loss of function may be candidates for total knee replacement.
Who are the major players in the Total Knee Replacement Market?
Top key players in the Total Knee Replacement market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Total Knee Replacement market is fragmented with a large number of small players operating worldwide. The companies referred to in the market research report include Stryker, Zimmer Biomet, B. Braun, Smith & Nephew, ConfirMIS, Inc, Medacta, Biomet, Exactech, Inc, MicroPort Scientific Corporation, Smith & Nephew, ConfirMIS, Inc, DJO Global
Industry news;
Stryker enabling surgeons to have a more predictable surgical experience with launch of Mako robotic-arm assisted total knee application
March 14, 2017 - Stryker Corporation (NYSE:SYK) announced the commercial launch of the highly anticipated robotic-arm assisted total knee arthroplasty application for use with its Mako System at the American Academy of Orthopaedic Surgeons (AAOS) annual meeting in San Diego. This latest advancement distinguishes the Mako System as the first and only robotic technology that can be used across the joint replacement service line to perform total knee, total hip and partial knee replacements.
Mako Total Knee combines Stryker's advanced robotic technology with its clinically proven Triathlon Total Knee System ("GetAroundKnee"), enabling surgeons to have a more predictable surgical experience with increased accuracy.
What are the major applications, types and regions for Total Knee Replacement Market?
The market is segmented based on the type, applications, companies and regions.
By type, the Total Knee Replacement Market has been segmented into
Primary Knee Systems
Partial Knee Systems
Other
The end user’s industry application on the Total Knee Replacement Market is,
Hospitals
Ambulatory Surgical Centers
Total Knee Replacement Market regional analysis
North America dominates the market due to the presence of key market participants and an increase in the incidence of persons suffering from degenerative diseases. Every year, more than 300,000 knee replacement surgeries are performed in the United States, with the number predicted to rise by 525 by 2030. Furthermore, researchers at the National Institutes of Health (NIH) and the National Institute of Arthritis and Musculoskeletal and Skin Diseases (NIAMS) are working to improve knee replacement surgery by replacing the knee joint's weight-bearing surfaces. The market is likely to expand significantly over the forecast period, owing to these reasons and the high prevalence of osteoarthritis in the region.
North america
Us
Canada
Europe
Germany
France
Uk
Italy
Spain
Rest of europe
Asia-pacific
China
Japan
India
Australia
South korea
Rest of asia-pacific
Rest of the world
Middle east & africa
Latin america
The Total Knee Replacement market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The global Total Knee Replacement market report also conducted a pestel analysis of the industry to study the main influencing factors and entry barriers of the industry.
What is our Total Knee Replacement Market report scope?
Report attributes
Report details
Report title
Total Knee Replacement Market - global growth, trends and forecast (2022 - 2027) by types, by application, by regions and by key players:Stryker, Zimmer Biomet, B. Braun, Smith & Nephew, ConfirMIS, Inc, Medacta, Biomet, Exactech, Inc, MicroPort Scientific Corporation, Smith & Nephew, ConfirMIS, Inc, DJO Global
Forecast period 2022 to 2028 cagr
Cagr of 6.3% over the forecast period (2022-2027)
By type
Primary Knee Systems
Partial Knee Systems
By application
Hospitals
Ambulatory Surgical Centers
By companies
Stryker, Zimmer Biomet, B. Braun, Smith & Nephew, ConfirMIS, Inc, Medacta, Biomet, Exactech, Inc, MicroPort Scientific Corporation, Smith & Nephew, ConfirMIS, Inc, DJO Global
Regions covered
North america
Europe
Asia-pacific
Rest of the world
Countries covered
Us
Canada
Germany
France
Uk
Italy
Spain
Rest of europe
China
Japan
India
Australia
South korea
Rest of asia-pacific
Middle east & africa
Latin america
Base year
2022
Historical year
2017 to 2021
Forecast year
2022 to 2027
Number of pages
96
Customization available
Yes, the report can be customized as per your needs
Key takeaways from this evaluate Total Knee Replacement report
Evaluate Total Knee Replacement market potential through analyzing growth rates (cagr %), volume (units) and value ($m) data given at country level - for product types, end use applications and by different industry verticals.
Understand the different dynamics influencing the market - key driving factors, challenges and hidden opportunities.
Get in-depth insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, swot and more.
Analyze the sales and distribution channels across key geographies to improve top-line revenues.
Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
Get a quick outlook on the Total Knee Replacement market entropy - m&a's, deals, partnerships, product launches of all key players for the past 4 years.
Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.
Frequently asked questions
What is the study period of this Market?
The Total Knee Replacement market is studied from 2017 - 2027.
What is the growth rate of Total Knee Replacement Market?
The Total Knee Replacement market is growing at a cagr of 6.3% over the next 5 years.
Who are the key players in Total Knee Replacement Market?
Stryker, Zimmer Biomet, B. Braun, Smith & Nephew, ConfirMIS, Inc, Medacta, Biomet, Exactech, Inc, MicroPort Scientific Corporation, Smith & Nephew, ConfirMIS, Inc, DJO Global
What regions does this Total Knee Replacement Market report covers?
North america (the united states, canada, and mexico)
europe (germany, france, uk, russia, and italy)
asia-pacific (china, japan, korea, india, and southeast asia)
south america (brazil, argentina, colombia, etc.)
The middle east and africa (saudi arabia, uae, egypt, nigeria, and south africa)
What are the significant types of Total Knee Replacement Market?
Primary Knee Systems, Partial Knee Systems, Other
What are the major end-use applications of the Total Knee Replacement Market?
Hospitals, Ambulatory Surgical Centers
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
SECONDARY RESEARCH Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.