Global Knee Replacement Devices Market 2017-2021
About Knee Replacement Devices
Knee replacement is a surgical procedure, which is performed to replace a damaged part of the knee through knee replacement devices. This procedure is generally performed on patients with osteoarthritis, rheumatoid arthritis, and obesity-related knee problems.
Technavio’s analysts forecast the global Knee Replacement Devices market to grow at a CAGR of 3.25% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global knee replacement devices market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of knee replacement devices.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Knee Replacement Devices Market 2017-2021
Technavio recognizes the following companies as the key players in the global knee replacement devices market: Zimmer Biomet, DePuy Synthes, Stryker, Smith & Nephew, Exactech, and ConforMis.
Other Prominent Vendors in the market are: Aesculap Implant Systems, Arthrex, Arthrosurface, Baumer, Corentec, Corin, Elite Surgical, Evolutis, EUROS, FH Orthopedics, Lima Corporate, Medacta, Marle, MicroPort Scientific Corporation, ORTOSINTESE, Ortho Development, PETER BREHM, Surgival, and X.NOV.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is growing demand for cementless knee replacement. Globally, among all knee replacement procedures, the majority of surgeons use cemented knee replacements devices. However, these cemented knee replacement devices have many post-operative complications after they have been implanted in the body.”
According to the report, one of the major drivers for this market is high prevalence of knee-related issues. Knee-related disorders are some of the major global health issues, which affect most people above 40 years and are more specific for people aged above 60 years. Arthritis, trauma, back pain, and osteoporosis are the most common joint problems globally. Limited physical activity and unhealthy eating habits can negatively influence the body's homeostasis.
Further, the report states that one of the major factors hindering the growth of this market is safety concerns and risks associated with knee replacement surgery. Knee replacement surgeries involve potential risks such as nerve damage, bleeding, blood clots, infection, loss of full range of motion, scar formation, development of arthritis, and re-injury to the soft tissue or the joint. Sometimes, post-surgery complications in case of implant surgeries are caused due to the use of defective devices.
Zimmer Biomet, DePuy Synthes, Stryker, Smith & Nephew, Exactech, ConforMis, Aesculap Implant Systems, Arthrex, Arthrosurface, Baumer, Corentec, Corin, Elite Surgical, Evolutis, EUROS, FH Orthopedics, Lima Corporate, Medacta, Marle, MicroPort Scientific Corporation, ORTOSINTESE, Ortho Development, PETER BREHM, Surgival, and X.NOV.