Emphasis on By Product (Fixed Bearing Implants, Mobile Bearing Implants, Medial Pivot Implants, and Others); By Application (Primary Surgical and Revision Surgical); By Material (Stainless Steel, Cobalt-Chromium Alloys, Titanium Alloys, Polyethylene, Ceramics, and Others); By End-User (Hospitals, Ambulatory Surgery Centers, and Orthopedic Clinics); and Region/Country
The Global Unicompartmental knee prosthesis market was valued at USD 800 Million in year 2021 and is expected to grow at a significant rate of around 4% during the forecast period (2022-2028). The unicompartmental knee prosthesis, also known as a partial knee replacement, is a surgical procedure that involves replacing only one compartment of the knee joint, rather than the entire joint. This type of procedure is typically performed in cases where only one compartment of the knee is affected by osteoarthritis or other degenerative conditions. The market for unicompartmental knee prostheses is growing due to the increasing incidence of knee osteoarthritis and the aging population. This type of procedure offers several advantages over total knee replacement, including faster recovery time, less invasive surgery, and improved range of motion.
Some of the major factors such as obesity coupled with the growing number of road accident cases propelling the growth of this market. For instance, according to studies in 2020, One of the factors causing bone fractures is Road Traffic Accidents (RTAs), which are the first leading cause of death among people aged 15-29 years. In 2019, the global number of new cases of fracture was estimated to be 178 million (95%), an increase of 33·4% since 1990. Furthermore, the increasing prevalence of joint reconstruction, growing healthcare expenditure, and awareness among patients and healthcare are significantly growing the orthopedic regenerative surgical products market.
Stryker; Aesculap, Inc.; Arthrex, Inc.; Beijing Chunlizhengda Medical Instruments Co., Ltd.; Zimmer Biomet; Biotech GmbH; Conformis; Corin Group; Medical Device Business Services, Inc.; and Exactech, Inc. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst material, the ceramics category to witness fastest CAGR during the forecast period.”
Based on material, the market is segmented into stainless steel, cobalt-chromium alloys, titanium alloys, polyethylene, ceramics, and others. The ceramics category is to witness the fastest CAGR during the forecast period due to its excellent wear resistance, biocompatibility, low risk of complications, and positive clinical outcomes. As a result, ceramic implants are increasingly preferred by surgeons and patients, and advancements in ceramic manufacturing technology are further fueling the growth of the market.
“Amongst end-user, the hospitals held a significant share in the market in 2021”
On the basis of end-user, the market is categorized into hospitals, ambulatory surgery centers, and orthopedic clinics. Among these, the hospitals category held a significant share of the market in 2021. This is mainly due to the higher number of patients with rheumatoid arthritis, ligament injuries, osteoarthritis, and the availability of skilled professionals & surgical equipment in hospitals are some reasons for the growth of this segment. For instance, more than 90% of people with rheumatoid arthritis (RA) develop symptoms in the foot and ankle-related disease. Furthermore, according to the National Institutes of Health (NIH), Out of every 100,000 people, 71 are diagnosed with rheumatoid arthritis every year. About 1.5 million Americans have rheumatoid arthritis.
“APAC is anticipated to grow at the fastest CAGR”
For a better understanding of the market adoption of the unicompartmental knee prosthesis industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. APAC is anticipated to grow at the fastest CAGR during the forecast period owing to the increasing prevalence of knee osteoarthritis, which is a common cause of knee joint pain and disability. In addition, rising healthcare expenditure, rising health insurance penetration, and increasing adoption of advanced orthopedic technologies are expected to drive demand for unicompartmental knee prostheses in the region. For instance, according to a study published in the Indian Journal of Rheumatology in 2020, the prevalence of rheumatoid arthritis in India is estimated to be around 0.75-1% of the population.
Unicompartmental Knee Prosthesis Market Report Coverage
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1. Market Introduction
2. Research Methodology Or Assumption
3. Market Synopsis
4. Executive Summary
5. Impact Of Covid-19 On The Unicompartmental Knee Prosthesis Market
6. Unicompartmental Knee Prosthesis Market Revenue, 2020-2028f
7. Market Insights By Product
8. Market Insights By Application
9. Market Insights By Material
10. Market Insights By End-user
11. Market Insights By Region
12. Unicompartmental Knee Prosthesis Market Dynamics
13. Unicompartmental Knee Prosthesis Market Opportunities
14. Unicompartmental Knee Prosthesis Market Trends
15. Demand And Supply-side Analysis
16. Value Chain Analysis
17. Pricing Analysis
18. Strategic Insights
19. Competitive Scenario
20. Company Profiled
21. Disclaimer
Research Methodology for the Unicompartmental Knee Prosthesis Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global unicompartmental knee prosthesis market were the three major steps undertaken to create and analyze the adoption of unicompartmental knee prosthesis in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global unicompartmental knee prosthesis market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the unicompartmental knee prosthesis market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the unicompartmental knee prosthesis market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as product, application, material, and end-user. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Unicompartmental Knee Prosthesis Market. Further, we conducted factor analysis using dependent and independent variables such as various product, application, material, and end-users of unicompartmental knee prosthesis. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the unicompartmental knee prosthesis sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global unicompartmental knee prosthesis market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global unicompartmental knee prosthesis market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of product, application, material, and end-user in the global unicompartmental knee prosthesis market.
The main objective of the Global Unicompartmental Knee Prosthesis Market Study
The current & future market trends of the global unicompartmental knee prosthesis market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
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