The Adoption of Newer Technologies along with a High Prevalence of Knee-Related Disorders has Propelled the Growth of the Knee Replacement Implants Market in the NA Region!

• Vikas Kumar
• May 6, 2023
• HEALTHCARE, NEWS
• Knee Replacement Implants, Knee Replacement Implants Market, Knee Replacement Implants Market analysis, Knee Replacement Implants Market forecast, Knee Replacement Implants Market growth, Knee Replacement Implants Market share, Knee Replacement Implants Market size, Knee Replacement Implants Market trend
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The adoption rate of knee replacement implants 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. According to a report by the American Joint Replacement Registry (AJRR), the number of knee replacement procedures performed in the United States increased from 745,000 in 2005 to 1.08 million in 2019. The report also indicated that the majority of knee replacement procedures were performed in patients aged 65 years and older.

Moreover, the report highlighted that the adoption of newer technologies in knee replacement surgery, such as robotic-assisted surgery and patient-specific implants, has also contributed to the increasing adoption rate of knee replacement implants. In addition to the United States, Canada has also seen a significant adoption rate of knee replacement implants. According to the Canadian Joint Replacement Registry (CJRR), the number of knee replacement procedures performed in Canada increased from 44,000 in 2005 to 75,000 in 2019.  The increasing adoption rate of knee replacement implants in North America can also be attributed to the availability of healthcare insurance coverage and the accessibility of healthcare services.

Overall, the adoption rate of knee replacement implants 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 Implants Market is expected to a significant share of 5.23 billion during the forecast period (2022-2028). North America dominated the knee replacement implants 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.

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FIG. 1 North America Knee Replacement Implants Market Revenue (2020-2028)- USD Mn

For a detailed analysis of the Global Knee Replacement Implants Market browse through– https://univdatos.com/report/knee-replacement-implants-market/

Based on product type, the market is segmented into total replacement systems, partial replacement systems, and knee revision systems. Amongst these, the total replacement systems segment dominated the market in 2021. This is because they offer several advantages over partial replacement systems. Total knee replacement involves the replacement of both the femoral and tibial components of the knee joint, as well as the patella, if necessary. Studies have shown that patients who undergo total knee replacement experience greater pain relief, improved function, and better quality of life than those who undergo partial knee replacement.

By implant type, the market is segmented into fixed bearing implants, mobile bearing implants, and medial pivot implants. Among these, mobile bearing implants captured the majority share of the knee replacement implants market in 2021. The major share can be attributed to the superior range of motion provided by mobile tibial implants and their design reducing polyethylene contact stress by decreasing the increased wear improving joint function will surge the growth of the segment.

Global Knee Replacement Implants Market Segmentation

Market Insight, by Product Type

• Total Replacement Systems
• Partial Replacement Systems
• Knee Revision Systems

Market Insights, by Implant Type

• Fixed Bearing Implants
• Mobile Bearing Implants
• Medial Pivot Implants

Market Insights, by Fixation

• Cemented
• Cementless

Market Insights, by End-User

• Hospitals
• Orthopaedic Clinics
• Others

Market Insight, by Region

• North America
  •  U.S.
  •  Canada
  •  Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • India
  • 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