As per our report, the global knee reconstruction devices market size is expected to worth USD 7.23 billion in 2020 and is estimated to be growing at a CAGR of 4.35%, to reach USD 8.95 billion by 2025. The market is showcasing evident potential in the mentioned forecasting period.
The global knee reconstruction devices market continues to gain momentum with rapid development in the industry.
The global knee reconstruction devices market is driven by factors like the growth of an aging population and increasing prevalence of arthritis, technological development, and suitable healthcare policies in most countries. Additionally, many countries worldwide have become healthcare tourism points for knee reconstruction surgeries, as they provide quality treatment at affordable prices. Total joint replacement of a dysfunctional knee using artificial knee implants has been a reliable and efficient treatment method. It provides a significant improvement in the performance and quality of life of patients across the world. Knee pain, caused by musculoskeletal diseases like osteoarthritis (OA), is a quickly growing disease estimated to give rise to the substantial demand for knee reconstruction surgeries in the future years.
The growing aging population suffering from knee-relevant disorders such as arthritis and osteoarthritis is market growth.
The market players focus strongly on inventing or implementing new devices to reconstruct the knee, growing obesity. Obese people gain more weight making them unable to walk as the whole-body weight pressurizes the knee. The deep-rooted healthcare structure and high occurrence of arthritis in aged people boost the market growth during the assessment period. The rising patient count with the growing number of hospitals with expert professionals, enlarging product approvals, and introducing new devices into the markets.
The surging number of knee-implants, growing vast number of bone-relevant illnesses, and frequent prevalence of accidents push the market forward. In October 2014, Zimmer Holdings, Inc. obtained ETEX Holdings, which has advanced, produced, and commodified biomaterials for developed orthopedic clinical results. Nearly 67 million people are to be affected by arthritis by 2030, according to the Arthritis Foundation.
The prising pressure of the knee reconstruction devices is one of the major factors limiting the market growth. Product recall is another significant challenging factor in the knee reconstruction devices market.
Market Size Available
2019 to 2025
2020 to 2025
By Product Type and Region
Various Analyses Covered
Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Opportunities, Challenges, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities
North America, Europe, Asia Pacific, Latin America, Middle East, and Africa
This research report on the global knee reconstruction devices market has been segmented and sub-segmented based on the product type and region.
Knee Reconstruction Devices Market - By Product Type:
Knee Reconstruction Devices Market - By Region:
Among all the regions, the Global Knee Reconstruction Devices market was dominated by North America, with the largest market share globally. Still, Asia Pacific is expected to show the highest CAGR in the forecast period.
The North American market was the most dominating region in the global market in 2020 and is predicted to remain dominant throughout the forecast period. The growth of the regional market is driven by the swelling medical expenses, growing awareness of the treatment options available. In North America, the United States is predicted to lead the market, followed by Canada. The presence of key market participants and favorable reimbursement policies are expected to drive the market.
The European knee reconstruction devices market is another lucrative region globally and was worth USD 2.03 billion in 2020. The growing aging population and growing incidence rate of arthritis are majorly promoting the European market growth. In Europe, the German market is expected to dominate the market during the forecast period and accounted for 35.0% in 2019, followed by France. The growing number of chronic diseases and diminishing price of knee implants are majorly driving the market growth during the assessment period.
However, the Asia-Pacific is expected to showcase a robust CAGR due to the rising patient population. In APAC, the Chinese market is the most promising regional market and expected to witness a CAGR of 10% between 2020 to 2025. The rising incidence of obesity and osteoporosis in people is significantly boosting the market. Since 2019, 10 major hospitals in India have acquired robotic surgeries for knee reconstruction. In Japan, in 2015, knee replacement devices are the quickest, with a hiking number of active patients increasing the demand for knee joint market growth. On March 01, 2021, the iTotal PS knee replacement device by Conformis, Inc. received a clearance form from Therapeutics Goods and Administration and launched in the U.S in 2016.
The Latin American knee reconstruction devices market is forecasted to showcase stable CAGR between 2020 to 2025. The aging people who have developed osteoarthritis reduce the knee's pain and advance the patient's comfort. Mexico has earned familiarity over its potentiality to provide excellently reasonable orthopedic treatment options. The Brazilian knee reconstruction devices market is to have a tremendous growth rate in the region.
The Middle East & African region has a notable growth rate in the knee reconstruction devices market due to the growing demand, advanced technologies, and appropriate healthcare reimbursement policies. The number of knee surgeries is increasing in UAE, and UAE has appeared as a medical hub. The state-of-art technology, well-qualified and experienced professionals, and authorized medical centers. Anterior Cruciate ligament (ACL) reconstruction surgery is one of the most familiar and successful treatment options as people travel abroad for this surgery. The ACL provides the patient a better quality of life.
KEY MARKET PARTICIPANTS:
Companies dominating the Global Knee Reconstruction Devices Market profiled in this report are Zimmer, Inc., Stryker, DePuy Synthes, Smith & Nephew plc, Arthrex, Exactech, Inc., Corin, DJO Global, Japan Medical Dynamic Marketing, Inc.
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1.2 Cemented Implants
5.1.3 Cementless Implants
5.1.4 Partial Implants
5.1.5 Revision Implants
5.1.5 Y-o-Y Growth Analysis, By Product
5.1.6 Market Attractiveness Analysis, By Product
5.1.7 Market Share Analysis, By Product
5.2 End User
5.2.3 Orthopedic clinics
5.2.5 Y-o-Y Growth Analysis, By End User
5.2.6 Market Attractiveness Analysis, By End User
5.2.7 Market Share Analysis, By End User
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
220.127.116.11 By Geographical Area
18.104.22.168 By Product
22.214.171.124 By End User
6.1.4 Market Attractiveness Analysis
126.96.36.199 By Geographical Area
188.8.131.52 By Product
184.108.40.206 By End User
6.1.5 Market Share Analysis
220.127.116.11 By Geographical Area
18.104.22.168 By Product
22.214.171.124 By End User
6.2 North America
6.1.2 United States
6.3.6 South Korea
6.5 Latin America
6.4.5 Rest of Latin America
6.6 Middle East & Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Zimmer, Inc.,
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.3 DePuy Synthes
8.4 Smith & Nephew plc
8.5 Arthrex, Inc.,
8.6 Exactech, Inc.,
8.8 DJO Global
8.9 Japan Medical Dynamic Marketing, Inc.
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures