Knee Replacement Market in 10MM – Market Outlook, Unmet Needs, Market Assessment & Forecast (2023-2030)

Publication ⇒Oct-23 Delivery Time ⇒ 5-7 Business Days Report Code ⇒PBCHC381-10M-OT

License Type (Price in USD)

Knee Replacement Market – Report Overview

Pacific Business Consulting’s “Knee Replacement Market in 10MM – Market Outlook, Unmet Needs, Market Assessment & Forecast (2023-2030)” report offers a comprehensive understanding of Knee Replacement market, encompassing historical and projected market size data, along with market trends, market drivers, market barriers and unmet medical needs in the Ten Major Markets (10MM) of the United States, Germany, Spain, Italy, France, the United Kingdom, Japan, China, Australia, and India.

In 2022, the Knee Replacement market exceeded a valuation of over US$ 15.0 million, and it is poised for substantial growth, with a projected Compound Annual Growth Rate (CAGR) exceeding 4% from 2023 to 2030. The market is expected to potentially surpass US$ 20.0 million by 2030.

Knee Replacement is a frequently performed surgical procedure aimed at managing pain and restoring the function of severely damaged knee joints, especially in orthopedic conditions like osteoarthritis. This surgery involves removing damaged portions of the knee bones and replacing them with metal alloy implants and polyethylene polymers. Orthopedic surgeons conduct a thorough medical evaluation to assess suitability and associated risks before recommending Total Knee Arthroplasty (TKA). TKA is suggested for conditions such as severe knee pain during daily activities, knee deformity, chronic knee inflammation, and when other treatments have failed.

The growing geriatric population and the increasing prevalence of degenerative diseases contribute significantly to the knee replacement market. There is a rising awareness of the benefits of knee replacement, leading to more adults undergoing early knee replacement surgeries. The utilization of 3D technology is also expected to boost revenue growth in the knee replacement market.

Technologically advanced implant materials and the development of customized replacement implants are emerging trends expected to gain traction in the knee replacement market. However, despite being a commonly used treatment for conditions like osteoarthritis, the global knee replacement market faces challenges such as economic downturns that hinder its growth.

The anticipated increase in knee osteoarthritis worldwide is a primary driver for the demand for knee replacement surgeries. The rising diagnostic rates of knee arthritis in the adult population are expected to enhance the demand for knee implants. Ambulatory surgical centers are projected to significantly contribute to market growth due to lower costs, timely processes, and personalized care offerings.

Improvements in the reimbursement scenario and government initiatives have reduced the cost of knee replacement surgeries, positively impacting market growth. The partial knee replacement procedure is expected to gain traction due to a growing demand for damaged knee components with minimal erosion of healthy tissues.

Innovations like implantable shock absorbers are revolutionizing the total knee arthroplasty market by providing patients with more natural movement and increased implant longevity. However, the high cost of surgery and implants remains a significant constraint, with knee replacement surgery being an expensive procedure. Financial burdens associated with surgery costs, implants, and prosthetics may limit accessibility for some patients.

Complications associated with total knee arthroplasty surgery, including infection, implant failure, stiffness, and blood clots, pose risks and restrain the growth of the TKA market. Despite the effectiveness of TKA in reducing pain and improving mobility, awareness of potential complications may impact patient decisions.

In conclusion, while knee replacement surgeries offer significant benefits, challenges such as cost, complications, and awareness of alternative treatments need to be addressed for sustained growth in the knee replacement market.

Leading players in the Knee Replacement segment, including Biomet, Inc., Exactech. B. Braun Melsungen AG., Stryker Corporation, Zimmer Holdings, Smith & Nephew Plc, DePuy Companies, Inc, and Wright Medical Group, Inc., are expected to play a crucial role in shaping the future landscape of Knee Replacement technologies through ongoing innovation.

Scope of Report

The report addresses critical subjects such as strategic competitor evaluation, market characterization, unmet needs, and the consequences of these elements for the Knee Replacement market. It also delves into the analysis of present and prospective market competition within the global Knee Replacement market.

Furthermore, the report offers an insightful examination of the primary industry drivers, constraints, and challenges. Each trend undergoes independent research to furnish qualitative analysis regarding its implications.

Reasons to Buy

  • Develop your business strategies by gaining insights into the trends that shape and drive the Knee Replacement market across the 10MM (Ten Major Markets).
  • Increase revenue by comprehending key trends, innovative products and technologies, market segments, and companies poised to influence the future of the 10MM Knee Replacement market.
  • Craft effective sales and marketing strategies by thoroughly understanding the competitive landscape and analyzing the performance of various competitors.
  • Identify emerging players with potentially robust product portfolios and devise strategic counter-strategies to gain a competitive advantage.
  • Optimize your sales and marketing efforts by pinpointing market categories and segments that offer the greatest opportunities for consolidations, investments, and strategic partnerships.
  1. Executive Summary: Knee Replacement
    • Global Market Outlook: Knee Replacement
  2. Competitive Intelligence Analysis: Knee Replacement
  3. Therapeutic Sector SWOT
  4. Technology Roadmap Analysis: Knee Replacement
  5. Market Background
    • Drivers
    • Restraints
    • Opportunity
    • Key Market Trends
    • Key Unmet Needs
  6. Key Marketed Products Profile – Major Approved Products: Knee Replacement
    • Product Profile
    • Safety and Efficacy
  7. Regulatory Landscape
  8. Knee Replacement: Ten Major Market (10MM) – Market Analysis, By Type
    • Total Knee Replacement
    • Partial Knee Replacement
    • Revision Knee Replacement
  9. Knee Replacement: Ten Major Market (10MM) – Market Analysis, By Material
    • Metal on plastic
    • Metal on metal
    • Ceramic on plastic
    • Ceramic on ceramic
  10. Knee Replacement: Ten Major Market (10MM) – Market Analysis, By Implant Type
    • Fixed Bearing
    • Mobile Bearing
  11. Knee Replacement: Ten Major Market (10MM) – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Type
      • By Material
      • By Implant Type
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Type
      • By Material
      • By Implant Type
  1. S. Knee Replacement – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Type
      • By Material
      • By Implant Type
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Type
      • By Material
      • By Implant Type
  1. K. Knee Replacement – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Type
      • By Material
      • By Implant Type
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Type
      • By Material
      • By Implant Type
  1. Germany Knee Replacement – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Type
      • By Material
      • By Implant Type
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Type
      • By Material
      • By Implant Type
  1. France Knee Replacement – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Type
      • By Material
      • By Implant Type
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Type
      • By Material
      • By Implant Type
  1. Italy Knee Replacement – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Type
      • By Material
      • By Implant Type
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Type
      • By Material
      • By Implant Type
  1. Spain Knee Replacement – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Type
      • By Material
      • By Implant Type
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Type
      • By Material
      • By Implant Type
  1. Japan Knee Replacement – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Type
      • By Material
      • By Implant Type
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Type
      • By Material
      • By Implant Type
  1. China Knee Replacement – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Type
      • By Material
      • By Implant Type
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Type
      • By Material
      • By Implant Type
  1. Australia Knee Replacement – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Type
      • By Material
      • By Implant Type
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Type
      • By Material
      • By Implant Type
  1. India Knee Replacement – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Type
      • By Material
      • By Implant Type
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Type
      • By Material
      • By Implant Type
  1. Competitive Landscape
    • Company Overview
    • Product Portfolio
    • Key Financials
    • Sales Footprint

Note – All Major Company Profiles (Count up to 20) will be covered in the report

  1. Assumptions and Acronyms Used
  2. Research Methodology
    • Secondary Research
    • Primary Research
    • Data Triangulation
  3. Geographic Scope
    • The U.S., The U.K., Germany, France, Italy, Spain, Japan, China, Australia, and India
  4. Copyrights and Disclaimer

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