According to a TechSci Research report, the global market for total knee replacement (TKR) is expected to witness steady growth during the forecast period due to the increasing geriatric population, which is more prone to degenerative diseases like osteoporosis. Total knee replacement offers many benefits, including less loss of blood, less pain, short hospital stays, and less muscle dissection, which are positively impacting the growth of the market. The International Osteoporosis Foundation reports that there is an osteoporotic fracture every 3 seconds and a total of 8.9 million fractures annually. The problem of rising osteoporosis and other knee-based fractures is being addressed with the assistance of advanced technologies used in implant material. Governments have also initiated funding for total knee replacement procedures due to their costliness.
The global total knee replacement market is segmented based on cause, material, age, implant fixation, end-user, company, and region. The cause segment is further divided into osteoarthritis, rheumatoid arthritis, and post-traumatic arthritis. Osteoarthritis is expected to hold the largest share in the market due to the growing number of patients worldwide. People with low bone density are also more likely to suffer from osteoarthritis, further fueling market growth. In terms of implant fixation, the market is divided into cemented, cementless, and hybrid. In 2019, cemented implant fixation held the largest share in the market due to its ability to dry within 10 minutes of application.
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In terms of regional analysis, North America accounted for the largest share in the global total knee replacement market and this trend is expected to continue. The presence of leading players and the rising incidence of osteoporosis, rheumatoid arthritis, and other knee-based diseases due to changing and unhealthy lifestyles are anticipated to drive the total knee replacement market in North America. Additionally, a major portion of the regional population who have undergone replacement experience significantly reduced pain in their knees.
Some of the leading players in the global total knee replacement market include Stryker, Zimmer Biomet, B. Braun, Smith & Nephew, Conformis, Medacta, DePuy Synthes, MicroPort, Corin Group, Waldemar Link, DJO Global, Allegra Orthopaedics, Kinamed, Teijin-Nakashima Medical, GE Healthcare, Globus Medical, Medtronic, Wright Medical Group, and Siemens. These companies adopt various strategies such as mergers and acquisitions to expand their market share. For example, in October 2018, Zimmer Biomet Holdings merged with Apple to increase their customer base by connecting surgeons and patients during knee or hip replacement procedures.
“Global total knee replacement market is anticipated to witness substantial growth over the course of next five years owing to its utility in cases of osteoporosis. There always exists a requirement of personalized treatment of every patient and total knee replacement provides them a tailored solution. Moreover, increasing geriatric population coupled with unhealthy lifestyle are anticipated to positively impact the growth of market until 2025.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Total Knee Replacement Market By Cause (Osteoarthritis, Rheumatoid arthritis, Post-traumatic arthritis), By Material (Metal-plastic, Ceramic-ceramic, Ceramic-plastic, Metal-metal), By Age (50-65, 65-80, 80+), By Implant Fixation (Cemented, Cement less, Hybrid), By End-User (Hospitals, Orthopedic Centers, Other End Users), By Region, Forecast & Opportunities, 2025”, has evaluated the future growth potential of global total knee replacement market and provided statistics & information on market size, shares, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global total knee replacement market.
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Report Scope:
In this report, global total knee replacement market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Total Knee Replacement Market, By Cause:
- Osteoarthritis
- Rheumatoid arthritis
- Post-traumatic arthritis
- Total Knee Replacement Market, By Material:
- Metal-plastic
- Ceramic-ceramic
- Ceramic-plastic
- Metal-metal
- Total Knee Replacement Market, By Implant Fixation:
- Cemented
- Cement less
- Hybrid
- Total Knee Replacement Market, By End-User:
- Hospitals
- Orthopedic Centers
- Others
- Total Knee Replacement Market, By Region:
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Europe
- France
- Germany
- United Kingdom
- Italy
- Spain
- North America
- United States
- Mexico
- Canada
- South America
- Brazil
- Argentina
- Colombia
- Middle east & Africa
- South Africa
- Saudi Arabia
- UAE
- Asia-Pacific
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TechSci Research is a research-based management consulting firm providing market research and advisory solutions to its customers worldwide, spanning a range of industries. TechSci Research’s core values are value, integrity and insight. Led by a team of dynamic industry experts, TechSci Research provides its customers with high value market research and advisory services that helps them identify new market opportunities, growth engines and innovative ways to capture the market share. As a result, TechSci’s client leads rather than follow market trends. Not bound by legacy, TechSci’s cutting-edge research model leverages its decades of research knowledge and increased use of technology as engines of innovation to deliver unique research value. Provided as an alternative to traditional market research, TechSci Research reports do not just deliver data and knowledge rather highlights the insights in a more usable and interactive format for its clients.
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