High Prevalence of Knee-Related Disorders with the Rising Geriatric Population Has Propelled the Growth of the Knee Replacement Market in the North America Region!
- Himanshu Patni
- November 18, 2023
- HEALTHCARE, NEWS
- Knee Replacement Market, Knee Replacement Market Share, Knee Replacement Market Size, Knee Replacement Market Trends
- 0 Comments
The rising adoption rate of knee replacement in North America has been steadily increasing over the years, driven by factors such as an aging population, a high prevalence of knee-related disorders, and technological advancements in knee replacement surgery. As per a report by the American Joint Substitution Library (AJRR), the quantity of knee substitution strategies acted on in the US expanded from 745,000 in 2005 to 1.08 million in 2019. Additionally, the majority of knee replacements were performed on patients 65 and older, according to the report.
Access sample report (including graphs, charts, and figures) – https://univdatos.com/get-a-free-sample-form-php/?product_id=45422
In addition, the report emphasized that newer technologies in knee replacement surgery, such as patient-specific implants and robotic-assisted surgery, have also contributed to the rising rate of knee replacement adoption. Canada has a significantly higher knee replacement adoption rate than the United States. The number of knee replacement procedures performed in Canada increased from 44,000 in 2005 to 75,000 in 2019, according to the Canadian Joint Replacement Registry (CJRR). The availability of healthcare insurance coverage and the accessibility of healthcare services are also factors in the rising rate of knee replacement adoption in North America.
Overall, the adoption rate of knee replacement in North America is expected to continue to increase in the coming years, driven by the aging population and the rising prevalence of knee-related disorders.
Further, the North America Knee replacement Market is expected to have a significant share of 5.23 billion during the forecast period (2023-2030). North America dominated the knee replacement market in 2021 due to the presence of advanced healthcare systems in the region along with an increase in healthcare spending. Moreover, adequate reimbursement policies are the other driving factors. In addition, a surge in arthroplasty procedures from the past decade is also projected to increase the market for knee reconstruction and replacement devices in the region.
FIG. 1 North America Knee Replacement Market Revenue (2020-2030)- USD Mn
Based on the procedure, the market is segmented into total knee arthroplasty, partial knee arthroplasty, and revision arthroplasty. Amongst these, the total replacement arthroplasty segment dominated the market in 2022. This is due to the numerous advantages they provide over partial replacement systems. If necessary, total knee replacement entails the replacement of the patella as well as the femoral and tibial components of the knee joint. Patients who have a total knee replacement have better pain relief, function, and quality of life than those who have a partial knee replacement.
By material, the market is segmented into metal implants, plastic implants, and ceramic implants. Amongst these, the ceramic implants segment dominated the market in 2022. Ceramic implant fixation has been the gold standard for knee replacement surgeries for many years, and it provides immediate fixation of the implant to the bone. Thus, the above-mentioned factors drive the market.
For a detailed analysis of the Global Knee replacement Market browse through – https://univdatos.com/report/knee-replacement-market/
Global Knee Replacement Market Segmentation
Market Insight, by Procedure
· Total Knee Arthroplasty
· Partial Knee Arthroplasty
· Revision Arthroplasty
Market Insights, by Component Type
· Fixed Bearing Implants
· Mobile Bearing Implants
· Medial Pivot Implants
Market Insights, by Material
· Metal Implants
· Plastic Implants
· Ceramic Implants
Market Insights, by End-User
· Hospitals
· Orthopedic Clinics
· Ambulatory Surgery Centers
· Others
Market Insight, by Region
· North America
o U.S.
o Canada
o Rest of North America
· Europe
o Germany
o UK
o France
o Italy
o Spain
o Rest of Europe
· APAC
o China
o Japan
o India
o South Korea
o Rest of APAC
· Rest of the World
Top Company Profiles
· Zimmer Biomet
· Stryker
· Smith & Nephew
· Exatech Inc.
· DePuy Synthes (Johnson & Johnson)
· Microport Scientific Corporation
· B. Braun Melsungen AG
· Meril Life Sciences Pvt. Ltd.
· DJO Global
· Medacta International
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