Increasing Prevalence of Knee Osteoarthritis is Escalating the Growth of the Knee Implants market

The increasing prevalence of knee osteoarthritis (OA) and sports-related knee injury, growing adoption of minimally invasive knee implant surgeries, a rising proportion of the elderly population with knee disorders, and the gradual shift to the outpatient setting are all driving growth in the knee implant market. Furthermore, advancements in knee replacement implant design and materials, as well as the introduction of robotic surgery and artificial intelligence in orthopaedic surgery, are projected to drive the knee implants market forward.by the market players are some of the factors driving the growth of Knee Implants Market. In 2020, the Lancet Publications estimates that 654 million individuals globally had knee osteoarthritis (OA). Additionally, as per the OECD, osteoarthritis affects more than 500 million individuals worldwide or 7% of the world's population.

According to Marketlook Consulting’s research report “Global Knee Implants Market Analysis, 2021”, the Global Knee Implants market is anticipated to grow at a CAGR of 5.9% during 2022-29. The market would reach USD 14.5 Bn by 2029.

Based on Procedure, Total Knee Replacement acquired a significant market share in 2021 due to the increasing need for customised replacement systems and implants offered by businesses. The businesses are working consistently to deliver cutting-edge, individualised systems that are centred on the requirements of certain patients. For instance, a wide range of cutting-edge technology and devices for Total Knee Replacement are offered by Zimmer Biomet and Stryker. Furthermore, due to the little incision needed during the treatment and patients' quick recovery, minimally invasive total knee implant surgeries are becoming more and more common

Based on Component, Mobile-bearing Implants acquired a considerable market share in 2021 due to this component's qualities, including superior wear characteristics and stability. The knee can rotate a little bit more in the mobile-bearing design than in the fixed-bearing type. For instance, Zimmer Biomet provides NexGen LPS-Flex Mobile and LPS-Mobile Bearing Knees, both of which permit 25 degrees of unrestricted internal or external rotation following replacement surgeries.

“Global Knee Implants Market Analysis, 2021” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Knee Implants providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.      

North America Dominated the Market

Based on Leading regions, North America dominated the global Knee Implants market in 2021 and is projected to maintain its dominance during the forecasted period 2022-29 due to the increased frequency of arthritis and other joint deformities, as well as the growing geriatric population, are likely to drive market expansion in the United States. Furthermore, the availability of well-established healthcare infrastructure, access to technologically improved implant surgeries, surging awareness among people and escalating expenditure on health and well-being products are projected to fuel the demand for Knee Implants in the forthcoming period as stated in Marketlook Consulting research report “Global Knee Implants Market Analysis, 2021”. 

According to Marketlook Consulting’, the key players with a considerable market share in the global Knee Implants market are Zimmer Biomet, Stryker, DePuy Synthes, Smith and Nephew, Aesculap Implants Systems, LLC, Exactech, Inc., MicroPort Scientific, Kinamed, Inc., OMNIlife Science, Inc., ConforMIS.

Market Segmentation:

1. By Procedure Type (Total Knee Replacement, Revision Knee Replacement, Partial Knee Replacement)
2. By Component (Fixed-bearing Implants, Mobile-bearing Implants)
3. By Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa)
4. By Company (Zimmer Biomet, Stryker, DePuy Synthes, Smith and Nephew, Aesculap Implants Systems, LLC, Exactech, Inc., MicroPort Scientific, Kinamed, Inc., OMNIlife Science, Inc., ConforMIS)

Key questions answered in the study:

1. What are the current and future trends of the Knee Implants industry?
2. How the industry has been evolving in terms of procedure type and component?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the Knee Implants industry?
5. What is the customer orientation, purchase behavior, and expectations from the Knee Implants firms across various regions?