NEW YORK, April 29, 2019 (GLOBE NEWSWIRE) — The global knee reconstruction market was valued at USD 8,142 million in 2018, and is likely to generate a demand of USD 11,688 million by 2025, at a CAGR of 5.3% over the next seven years. The market growth is primarily attributed to the growing number of ageing population and increasing prevalence of rheumatoid arthritis. Moreover, new material technologies and advances in surgical techniques is further propelling the market growth. However, high cost of implants may restraint the industry growth to some extent.
Key findings of the report:
- The global knee reconstruction market is expected to reach USD 11,688 million in 2025, at a CAGR of 5.3% during 2019-2025
- Based on the end-user, the hospitals segment held the major share of the global market in 2018
- Geographically, North America region held the major share of the global market in 2018
- Some of the key companies operating in the market include Smith & Nephew plc, United Orthopedic Corp., Arthrex, Inc, Corin , Stryker, Exactech, Inc., DJO Global, Zimmer Biomet Holdings, Inc., Corentec Co., Ltd. , Beijing Chunlizhengda Medical Instruments Co., Ltd., DePuy Synthes, and Allegra Orthopaedics Limited
Knee Reconstruction – Insight
Knee is the largest joint in the human body and each knee carries half body weight. It allows the lower leg to move relative to the thigh while supporting body weight. It is formed by articulation between the femur, patella, and tibia. Knee pain is a common complaint that affects peoples of all age. Knee pain primarily occurs due to ruptured ligament or torn cartilage, and other medical condition such as gout, arthritis, and infections. Moreover, in recent years, medical device companies have developed innovative metals and plastics that make the joint replacement more durable, dependable and long-lasting.
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Global Knee reconstruction Market– Regional insight
North America held the major share of the global market owing to growing demand for minimally invasive technique and presence of major players as well as growing development in new material technologies further augmented the market growth in the region. Asia-Pacific is expected to witness the highest CAGR during the 2019-2025, owing to growing number of ageing population, and increasing government spending on healthcare. Moreover, medical device companies are increasing focus on merger and acquisitions to develop new products launches and improve supply chain in the region.
This report segments global knee reconstruction market based on product, indication, end-user and region.
By Product
- Partial Implants Knee Reconstruction
- Revision Implants Knee Reconstruction
- Cementless Implants Knee Reconstruction
- Cemented Implants Knee Reconstruction
By Indication
- Rheumatoid Arthritis Knee Reconstruction
- Trauma Knee Reconstruction
- Osteoarthritis Knee Reconstruction
- Others
By End-user
- Orthopedic Clinics
- Hospitals
- Ambulatory Surgical Centers
By Region
- North America
- Europe
- Asia-Pacific
- Central & South America
- Middle East and Africa
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