Knee Implants Market Size, Share, Outlook, and Opportunity Analysis, 2018– 2026
Knee Implants Market Report Analyses competitive environment such as key players, future trends, growths, challenges and acquisitions in the market.
Knee implantation is a surgical procedure involving the replacement of the damaged bone and cartilage of the knee with artificial implants to recreate the surface of the joint. Knee implant components are generally made up of ceramic materials, metal alloys, or strong plastic parts. The surgery carried out for knee implantation is known as arthroplasty. The four main types of arthroplasty are kneecap replacement, partial knee replacement, complex knee replacement, and total knee replacement.
Total knee replacement involves the replacement of the surface of the thigh bone and the shin connected to the knee. Partial knee replacement or uni-compartmental knee replacement, can be performed through a small cut were one side of the knee is affected.
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According to the Centers of Medicare and Medicaid Services (CMS) around, 10 percent of knee replacement surgeries in the U.S. are partial knee replacements. Generally, patients who have undergone the partial knee replacement have osteoarthritis in one compartment of their knee. In kneecap replacement only the under surface of the knee is replaced and it is a small joint replacement procedure.
Furthermore, as per National Joint Registry, around 160,000 knee replacement procedures are performed as well as equal number knee joints are replaced, each year in England and Wales. Also, as per Organization for Economic Co-operation and Development (OECD), in the U.S., 226 per 1000 population knee replacement surgery were performed in 2013.
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According to Centers for Disease Control and Prevention (CDC), during 2013-2015, around 54.4 million adults in the U.S. (22.7%) yearly suffered from some form of arthritis such as rheumatoid arthritis, gout, lupus, or fibromyalgia.
Growing obese population in emerging economies is expected to boost growth of the knee implantation market. According to World Health Organization (WHO), in 2014, the obese adult population in China was around 6.9% and in India was around 4.9%, and the number is expected to increase rapidly.
Key players operating in the knee implantation market include Zimmer, Stryker, Smith & Nephew plc, Johnson & Johnson, DJO Global, Inc., Exactech, Inc., Zimmer Biomet Holdings, Inc., B. Braun Melsungen AG, MicroPort Scientific Corporation, DePuy Synthes, and Arthrex.
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