Knee implants play an important role in resurfacing a knee damaged due to traumas or rheumatoid arthritis. As per the severity and need, these knee implants are developed in different forms namely, metal alloys, strong plastic parts, and ceramic material. The global Knee Implants market is expected to grow at a significant rate in the forecast period.
The increasing old age population has increased the number of people suffering from osteoporosis and arthritis. Additionally, the sedentary lifestyle among people also increases the prevalence of obesity and diabetes. Due to these factors, the demand for knee implant surgeries has been rising globally. Eventually, it supports the growth of the global Knee Implants market to a great extent. Moreover, growing awareness about knee implant surgeries will act as another driving factor to the expansion of the market.
Similarly, technological progression in procedures such as minimally invasive surgery, better implant materials has augmented the success rates. Also, with the advancement of technology in the knee implant market, companies are offering various product portfolios to patients and surgeons with advanced techniques, therefore providing better outcomes for patients. In addition, increasing research and development activities in the knee implant market, companies are offering technically improved products to the customers. It is expected that all these key aspects are boosting the growth of the global Knee Implants market.
On the other hand, the high cost of knee replacement surgery is acting as a major restrain for the growth of the market. Apart from this, high industry competition is resulting in price negotiation and this key factor supports the development of overall market size.
Covid-19 Impact on Knee Implants Market
In addition, the current Knee Implants Market study offers a detailed analysis of the current COVID-19 pandemic impact on the market growth and its influence on the future growth of the Knee Implants Market. The recently published report demonstrates the elevation in the demand for the healthcare sector. The healthcare manufacturers have experienced long term as well as short term effect which includes supply shortages, panic buying, and stocking, regulation changes as short-term whereas approval delays and possible trend variations in consumption could be perceived as long-term impacts of COVID-19 on the health and pharmaceutical market.
The increasing need for a cure has pushed vaccine research and manufacturers to the limit. In addition to this, panic conditions have already spurred the demand for many healthcare products and services which are discussed in detail in this report. Moreover, the impact of COVID-19 on overall market revenue for the base year 2020 and its projection up to 2027 is provided in detail in this report.
Knee Implants Market Segment Overview
Based on Procedure, the Total Knee Replacement segment held the largest share in the global Knee Implants market. This is due to the increasing need for implants and personalized replacement systems offered by the companies. The growth of this segment is mainly attributed to the presence of a large patient base suffering from arthritis disorders and a rise in the patient count undergoing this procedure. In the total knee replacement procedure, all parts of knee joints are replaced with knee implants. Additionally, in the partial knee replacement procedures, a single part of the knee is replaced with an implant. Furthermore, the revision knee replacement procedures refer to the replacement of an existing implant with a new one.
Knee Implants Market, By Procedure
- Total Knee Replacement
- Cemented Knee Replacement
- Cement-Less Knee Replacement
- Partial Knee Replacement
- Revision Knee Replacement
· Fixed Bearing Prosthesis
· Mobile Bearing Prosthesis
Knee Implants Market Regional Overview
Geographically, North America is anticipated to dominate the global Knee Implants market. The U.S. represented the largest market in North America. The rising old age population base and the increasing prevalence of arthritis and other joint deformities are some important factors projected to propel the growth of the market in this region. Additionally, the presence of strong healthcare infrastructure and access to technologically advanced implants surgeries are estimated to boost the growth of the Knee Implants market. Similarly, the market in Asia-Pacific is expected to witness significant growth during the forecast period. The factors leading to a rise in the demand for knee implants in the Asia Pacific region include the aging population affected with knee joint disorders and growth in awareness level for related treatments. There is an increasing number of knee replacement surgeries in China and India. Also, India and China have a large population base and are hence expected to be an extremely potential market for knee replacement surgeries. Moreover, the increasing disposable income in these countries will further escalate the growth of the market in the Asia Pacific region.
Knee Implants Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Knee Implants Market Competitor overview
Some key developments and strategies adopted by manufacturers in the Knee Implants are highlighted below.
· In August 2021, Zimmer Biomet Holdings, a global medical technology leader, and Canary Medical, a medical data company, announced U.S. Food and Drug Administration (FDA) De Novo classification grant and authorization to market the tibial extension for Persona IQ®, the world’s first and only smart knee cleared by the FDA for total knee replacement surgery.
Knee Implants Market, Key Players
· B.Braun
· Smith and Nephew
· Stryker
· Zimmer Biomet
· Medacta
· DePuy Synthes
· Aesculap Implants Systems,LLC
· Exactech, Inc.
· MicroPort Scientific
· CONMED
· Kinamed, Inc.
· ConforMIS
· OMNIlife science, Inc.
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Knee Implants Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Procedure
- 5.2.1. Total Knee Replacement
- 5.2.1.1. Cemented Knee Replacement
- 5.2.1.2. Cement-Less Knee Replacement
- 5.3.1. Fixed Bearing Prosthesis
- 5.3.2. Mobile Bearing Prosthesis
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America, Middle East and Africa
6. North America Knee Implants Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Procedure
- 6.2.1. Total Knee Replacement
- 6.2.1.1. Cemented Knee Replacement
- 6.2.1.2. Cement-Less Knee Replacement
- 6.3.1. Fixed Bearing Prosthesis
- 6.3.2. Mobile Bearing Prosthesis
- 6.4.1. U.S.
- 6.4.2. Canada
7. Europe Knee Implants Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Procedure
- 7.2.1. Total Knee Replacement
- 7.2.1.1. Cemented Knee Replacement
- 7.2.1.2. Cement-Less Knee Replacement
- 7.3.1. Fixed Bearing Prosthesis
- 7.3.2. Mobile Bearing Prosthesis
- 7.4.1. UK
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Russia
- 7.4.7. Rest of Europe
8. Asia Pacific Knee Implants Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Procedure
- 8.2.1. Total Knee Replacement
- 8.2.1.1. Cemented Knee Replacement
- 8.2.1.2. Cement-Less Knee Replacement
- 8.3.1. Fixed Bearing Prosthesis
- 8.3.2. Mobile Bearing Prosthesis
- 8.4.1. China
- 8.4.2. India
- 8.4.3. Japan
- 8.4.4. Australia
- 8.4.5. South East Asia
- 8.4.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Knee Implants Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Procedure
- 9.2.1. Total Knee Replacement
- 9.2.1.1. Cemented Knee Replacement
- 9.2.1.2. Cement-Less Knee Replacement
- 9.3.1. Fixed Bearing Prosthesis
- 9.3.2. Mobile Bearing Prosthesis
- 9.4.1. Brazil
- 9.4.2. Saudi Arabia
- 9.4.3. UAE
- 9.4.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. B.Braun
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Smith and Nephew
- 10.6. Stryker
- 10.7. Zimmer Biomet
- 10.8. Medacta
- 10.9. DePuy Synthes
- 10.10. Aesculap Implants Systems,LLC
- 10.11. Exactech, Inc.
- 10.12. MicroPort Scientific
- 10.13. CONMED
- 10.14. Kinamed, Inc.
- 10.15. ConforMIS
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
