Global Knee Replacement Market 2024 research report offers in-depth assessment of revenue growth, market definition, segmentation, industry potential, influential trends for understanding the future outlook and current prospects for the market.
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The knee arthroplasty surgery removes the damaged tissues and cartilages from the knee joint and replaces it with an artificial knee implant. The demand for this procedure is likely to grow at a significant rate in the coming years with a dramatic increase in the prevalence of osteoarthritis and other knee diseases such as psoriatic arthritis and rheumatoid arthritis worldwide. Based on a study conducted by the Arthritis Foundation, around 14 million people have symptomatic knee osteoarthritis in the U.S. Rise in the geriatric population and growing demand for minimally invasive surgical procedures are anticipated to propel the growth rate during the forthcoming years. According to the Agency for Healthcare Research and Quality (AHRQ), more than 600,000 knee replacement surgeries are performed in the United States every year. The younger generation with a high level of body mass index has also become another major factor in the enhancement of surgeries. The increase in healthcare expenditure and technological advancement in replacement surgeries for knee are likely to boost the market during the forecast period.
Drivers & Restraints
The global knee replacement market size stood at USD 9.45 Billion in 2019 and is projected to reach USD 12.48 Billion by 2027, exhibiting at a CAGR of 4.3% in the forecast period
This study provides information about the sales and revenue during the historic and forecasted period of (2024 to 2030). Understanding the segments helps in identifying the importance of different factors that aid market growth. Estimations about the CAGR value for specific forecast period, market drivers, market restraints, and competitive strategies are assessed in this Knee Replacement Market report.
This report focuses on Knee Replacement Market volume and value at the global level, regional level and company level. From a global perspective, this report represents overall Knee Replacement Market market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, Asia-Pacific, Latin America and Middle East and Africa.
Competitive Strategic Window:
The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.
An Overview of the Impact of COVID-19 on this Market:
The advancement of COVID-19 has conveyed the world to a stop. We fathom that this prosperity crisis amazingly influences associations across ventures. Nevertheless, everything fortunate or unfortunate should reach a conclusion. There are a couple of organizations that are fighting and some are thriving. By and large, essentially every region is relied upon to be impacted by the pandemic.
We are advancing incessant endeavors to help your business support and create during COVID-19 pandemics. Considering our experience and expertise, we will offer you an impact examination of Covid episode across ventures to help you with preparing for what’s to come.
Key players covered in the global Knee Replacement Market research report:
- Zimmer Biomet (Indiana, U.S.)
- Stryker (Michigan, U.S.)
- DePuy Synthes Companies (Johnson & Johnson Services, Inc.) (Indiana, U.S.)
- Smith & Nephew (London, U.K.)
- Aesculap, Inc.– a B. Braun company (Center Vally, USA)
- Medacta International (Castel San Pietro, Switzerland)
- MicroPort Scientific Corporation (Shanghai, China)
- Conformis (Massachusetts, U.S.)
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Market Share Analysis:
The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.
Key Stakeholders
- Natural substance providers
- Merchants/brokers/wholesalers/providers
- Administrative bodies, including government organizations and NGO
- Business innovative work (RandD) establishments
- Merchants and exporters
- Government associations, research associations, and counseling firms
- Exchange affiliations and industry bodies
- End-use enterprises
Major Table of Contents for Knee Replacement Market Research Report:
- Introduction
- Executive Summary
- Market Dynamics
- Key Market Growth Insights
- Global Market Analysis, Insights and Forecast, 2024-2030
- North America Market Analysis, Insights and Forecast, 2024-2030
- Europe Market Analysis, Insights and Forecast, 2024-2030
- Asia Pacific Market Analysis, Insights and Forecast, 2024-2030
- The Middle East and Africa Market Analysis, Insights and Forecast, 2024-2030
- Latin America Market Analysis, Insights and Forecast, 2024-2030
- Competitive Landscape
- Global Knee Replacement Market Revenue Growth, Industry Share Analysis, By Key Players, 2024
- Company Profiles
- Conclusion
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