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MediPoint: Total Knee Replacement - South America Analysis and Market Forecasts

MediPoint: Total Knee Replacement - South America Analysis and Market Forecasts

Summary

South American Total Knee Replacement (TKR) market was estimated at US$99.7M in 2016 across the three markets (Argentina, Brazil, and Chile) covered in this report. By the end of the forecast period in 2023, it is estimated that the market will grow to approximately US$143.6M at a Compound Annual Growth Rate (CAGR) of 5.4%.

Total Knee Replacement (TKR) is a viable treatment option for patients whose knees have become excessively worn or degenerated due to osteoarthritis. The direct costs of nonsurgical management (including medication and physical therapy) of knee osteoarthritis, one of the most common joint injuries, pale in comparison to the indirect costs such as loss of earnings, disability payments, and reduced productivity.

Key drivers of the Total Knee Replacement (TKR) market in the forecast period are -

  • Growing prevalence of osteoarthritis (OA) due to the pandemic of aging and obesity.
  • Continued technological advancements in joint reconstruction surgeries, such as computer-assisted navigation systems and robotic technologies, which keep pushing the frontier of the market.
  • Major underserved population for joint replacement in late-stage arthritis in the emerging markets, driving procedural numbers up for the knee replacement market.
  • Healthcare reform and a focus on economical and sustainable modes of treatment.
  • Commoditization of implant solutions.
  • Elimination of arbitrary barriers to TKR referrals including that patients lose weight, stop smoking, be under a specified age, or experiencing extreme pain.
Brazil represented the largest portion of the market in 2016, holding almost 60% of the regional revenue, and is expected to maintain this dominance through the forecast period. Argentina is expected to be the fastest-growing market through 2023, at a CAGR of 5.7%, while Brazil and Chile will have CAGRs of 5.2% and 5.3%, respectively.

After the 2015 megamerger of Zimmer and Biomet, today’s competitive landscape in the global knee reconstruction market is relatively stable, with Zimmer Biomet, the clear leader, representing almost a third of the market. DePuy Synthes, Stryker, and Smith & Nephew are also key competitors in the field, together accounting for about half of total revenues in the sector. The remainder of the market is occupied by several small- to mid-cap orthopedic companies, with MicroPort and Exactech leading the pack. Medtronic recently entered the primary knee arthroplasty market with its purchase of Responsive Orthopedic Knee System.

The report MediPoint: Total Knee Replacement - South America Analysis and Market Forecasts, focuses on the market outlook for Total Knee Replacement (TKR) devices in South America (Argentina, Brazil, and Chile). The analysis identifies the key unmet needs in the Total Knee Replacement (TKR) market, discusses the major drivers and barriers of adoption, and provides an in-depth understanding of physicians’ perceptions and the future outlook for this market by segment and geography.

In particular, this report provides the following -
  • Overview of recent key industry events and analysis of their market impact.
  • Annualized total market revenue, procedure trends, and market outlooks by segment and by region through 2023.
  • Key topics covered include strategic competitor assessment, market characterization, identification of unmet needs, reimbursement considerations, evaluating market access in each region covered in the report, and implications of the emerging technologies in the market.
  • Analysis of the current and future market competition in the global Total Knee Replacement (TKR) market. Insightful review of industry drivers, barriers, and challenges.
Companies Mentioned in this report: esculap, DePuy Synthes, Exactech, Lima Corporate, Medacta, Medtronic, MicroPort Orthopedics, Smith & Nephew, Stryker, Waldemar Link, Zimmer Biomet

Scope
  • Overview of recent key industry events and analysis of their market impact.
  • Annualized total market revenue, procedure trends, and market outlooks by segment and by region through 2023.
  • Key topics covered include strategic competitor assessment, market characterization, identification of unmet needs, reimbursement considerations, evaluating market access in each region covered in the report, and implications of the emerging technologies in the market.
  • Analysis of the current and future market competition in the global TKR market. Insightful review of industry drivers, barriers, and challenges.
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1 About the Authors
1.1 Analyst
1.1.1 Tobe Madu, MSc, Analyst, Medical Devices
2 Table of Contents
2.1 List of Tables
2.2 List of Figures
3 Executive Summary
3.1 Key Metrics
3.2 Market Dynamics
3.3 Key Players
3.4 Future Outlook
3.5 What Do Physicians Think?
4 Introduction
4.1 Catalyst
4.2 Related Reports
4.3 Upcoming Related Reports
5 Market Outlook
5.1 Procedure Trends
5.2 Pricing Trends
5.3 Revenue Trends
5.4 Company Share Analysis
6 Market Insights
6.1 South America
6.1.1 Brazil
6.1.2 Argentina and Chile
7 Competitive Assessment
7.1 Overview
7.1.1 Computer Navigation Technologies
7.1.2 Robotic Technologies
7.1.3 Generic Implants to Address Cost Concerns
7.1.4 Advanced Materials
7.1.5 Emerging Countries
7.1.6 Augmented implants
7.2 Aesculap
7.2.1 Portfolio Assessment
7.2.2 Competitive Positioning
7.3 DePuy Synthes
7.3.1 Portfolio Assessment
7.3.2 Deal Analysis
7.3.3 Competitive Positioning
7.4 Exactech
7.4.1 Portfolio Assessment
7.4.2 Competitive Positioning
7.5 Lima Corporate
7.5.1 Portfolio Assessment
7.5.2 Deal Analysis
7.5.3 Competitive Positioning
7.6 Medacta
7.6.1 Portfolio Assessment
7.6.2 Competitive Positioning
7.7 Medtronic
7.7.1 Portfolio Assessment
7.7.2 Deal Analysis
7.7.3 Competitive Positioning
7.8 MicroPort Orthopedics
7.8.1 Portfolio Assessment
7.8.2 Competitive Positioning
7.9 Smith & Nephew
7.9.1 Portfolio Assessment
7.9.2 Deal Analysis
7.9.3 Competitive Positioning
7.10 Stryker
7.10.1 Portfolio Assessment
7.10.2 Deal Analysis
7.10.3 Competitive Positioning
7.11 Waldemar Link
7.11.1 Portfolio Assessment
7.11.2 Competitive Positioning
7.12 Zimmer Biomet
7.12.1 Portfolio Assessment
7.12.2 Deal Analysis
7.12.3 Competitive Positioning
7.13 Other Players
8 Appendix
8.1 Bibliography
8.2 Abbreviations
8.3 Methodology
8.3.1 Overview
8.3.2 Coverage
8.3.3 Secondary Research
8.3.4 Forecasting Methodology
8.3.5 Primary Research Summary
8.4 About MediPoint
8.5 About GlobalData
8.6 Contact Us
8.7 Disclaimer
List of Tables
Table 1: TKR Market, Key Metrics, 2016-2023
Table 2: South America TKR Procedure Volume Forecast, 2014-2023
Table 3: South America TKR Implant Average Selling Price ($) Forecast, 2014-2023
Table 4: South America TKR Market Revenue Forecast ($M), 2014-2023
Table 5: South America TKR Company Share Analysis, 20161, 2
Table 6: Aesculap - Key Marketed Products Assessment
Table 7: Aesculap - Key Clinical Trials
Table 8: DePuy Synthes - Key Marketed Products Assessment
Table 9: DePuy Synthes - Key Clinical Trials
Table 10: Exactech - Key Marketed Products Assessment
Table 11: Exactech - Key Clinical Trials
Table 12: Lima Corporate - Key Marketed Products Assessment
Table 13: Lima Corporate - Key Clinical Trials
Table 14: Medacta - Key Marketed Products Assessment
Table 15: Medacta - Key Clinical Trials
Table 16: Medtronic - Key Marketed Products Assessment
Table 17: MicroPort - Key Marketed Products Assessment
Table 18: Microport - Key Clinical Trials
Table 19: Smith & Nephew - Key Marketed Products Assessment
Table 20: Smith & Nephew - Key Clinical Trials
Table 21: Stryker - Key Marketed Products Assessment
Table 22: Stryker - Key Clinical Trials
Table 23: Waldemar Link - Key Marketed Products Assessment
Table 24: Waldemar Link - Key Clinical Trials
Table 25: Zimmer Biomet - Key Marketed Products Assessment
Table 26: Zimmer Biomet - Key Clinical Trials
Table 27: Summary of Other Players in the TKR Market, 2016
List of Figures
Figure 1: South America TKR Market Share Comparison by Country, 2016 and 2023

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