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The Knee Replacement Market is segmented by Product, End User (Hospitals, Orthopedic Centers, and Other End Users), and Geography.
Fastest Growing Market:
The knee replacement market is expected to register a CAGR of nearly 3.7% during the forecast period, 2019 - 2024.
As per the scope of the report, knee replacement or knee arthroplasty is a surgical procedure that is performed to replace the damaged knee with artificial knee implants. It is the most common joint replacement surgery that is undertaken by the patients suffering from knee-related diseases, like osteoarthritis, post-traumatic arthritis, or rheumatoid arthritis. Knee replacement is one of the effective and widely used methods to get relief from the pain associated with arthritis.
|Total Knee Replacement|
|Partial Knee Replacement|
|Complex (or revision) Knee Replacement|
|By End User|
|Other End Users|
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The hospitals segment has the largest share in the market, as majority of knee replacement surgeries are conducted in hospitals, due to the availability of advanced technologies and trained professionals in these healthcare settings. Additional provision and intensive care provided post the surgical procedures in hospital are expected to fuel the growth of this end user segment of the market.
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North America dominates the market, due to the presence of major market players and increase in prevalence of people suffering from degenerative diseases. In 2015, around 55 million adults in the United States were found to be suffering from arthritis, as per the data published by the Center for Disease Control and Prevention. In the United States, every year, more than 300,000 knee replacement procedures are performed, and the number is expected to increase by 525, by the year 2030. Additionally, researchers of the National Institutes of Health’s (NIH) and National Institute of Arthritis and Musculoskeletal and Skin Diseases (NIAMS) are focusing on improving the knee replacement surgery by replacing the weight-bearing surfaces of the knee joint. Owing to these factors and the high prevalence of osteoarthritis in the region, the market is expected to grow further, over the forecast period.
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Some of the prominent players operating in the knee replacement market include Stryker, Smith & Nephew, Medacta, MicroPort Scientific, DePuy Synthes, and Zimmer Biomet. Development of advanced products for better outcomes and rigorous marketing are the competitive strategies adopted by the players in the market.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Prevalence of Osteoarthritis
4.2.2 Rise in the Number of Knee Injury Cases
4.2.3 Adaptation of Sedentary Lifestyle, Leading to Rise in Obese Population
4.3 Market Restraints
4.3.1 High Cost of the Procedure
4.3.2 Reimbursement Issues
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Product
5.1.1 Total Knee Replacement
5.1.2 Partial Knee Replacement
5.1.3 Kneecap Replacement
5.1.4 Complex (or revision) Knee Replacement
5.2 By End User
5.2.2 Orthopedic Centers
5.2.3 Other End Users
5.3.1 North America
184.108.40.206 Rest of Europe
220.127.116.11 South Korea
18.104.22.168 Rest of Asia-Pacific
5.3.4 Middle East & Africa
22.214.171.124 South Africa
126.96.36.199 Rest of Middle East & Africa
5.3.5 South America
188.8.131.52 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Aesculap Implants Systems LLC
6.1.2 Corin Group
6.1.3 DePuy Synthes Companies
6.1.4 Smith & Nephew PLC
6.1.5 Stryker Corporation
6.1.6 Zimmer Biomet
6.1.7 Exactech Inc.
6.1.9 MicroPort Orthopedics Inc.
6.1.10 Medtronic PLC
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject to Availability
**Competitive Landscape Covers - Business Overview, Financials, Products, Strategies, and Recent Developments