MARKET DEFINITION

An operation to repair an arthritis-damaged knee is referred to as a knee replacement, knee arthroplasty, or a total knee replacement. Metal and plastic are used to construct the kneecap and the caps that cover the ends of the bones that make up the knee joint. If you have severe arthritis in your knees or knee injuries, this surgery might be an option for you. Osteoarthritis is the most typical condition requiring knee replacement surgery. Additionally, different forms of arthritis may affect the knee joint. Knee cartilage and the surrounding bone can be destroyed by osteoarthritis, a degenerative joint condition that primarily affects middle-aged and older adults. Rheumatoid arthritis, which causes an overproduction of synovial fluid and inflammation of the synovial membrane, can cause pain and stiffness. Traumatic arthritis, or arthritis brought on by an injury, can harm the cartilage in the knee. However, knee replacement surgery is an option for treating knee pain and disability.

MARKET DYNAMICS

The rising incidence of knee osteoarthritis is one of the main factors fueling the market's expansion, and this is likely to increase the demand for bone surgeries. The market is expanding, though, as a result of an increase in diagnoses for bone surgeries brought on by an increase in accidents and injuries. The high cost of Orthopaedic procedures and the scarcity of qualified surgeons, however, restrain market expansion. Additionally, it is expected that technological developments to increase the procedure's effectiveness will draw more patients and open up lucrative opportunities.

REPORT SCOPE

The report titled “Global Knee Arthroplasty Market – Size, Share, Growth, Opportunities, and Competitive Analysis, 2022 – 2028” offers strategic visions into the global Knee Arthroplasty market along with the market size (Value in “US$ Mn”) for the historical period 2017 to 2021 and estimates for the forecast period 2022 to 2028. The RI report is an in-depth study of the global Knee Arthroplasty market with a strong focus on key market trends, vital player strategies, and market forecasts. The study also covers key market dynamics, including drivers, restraints, opportunities, challenges, and existing and upcoming pathways that help CXOs make critical business decisions effectively. The global Knee Arthroplasty Market is predicted to grow at a significant CAGR over the forecast period from 2022 to 2028.

GEOGRAPHICAL OVERVIEW

The research report includes a detailed overview of the industry comprising quantitative and qualitative information. It gives a broad overview of the worldwide market forecasts for major segments. It also includes market size and forecast projections for five key regions: North America, Europe, Asia-Pacific (APAC), South America, and the Middle East & Africa (MEA), for the years 2017 to 2028. The market is further divided by categories and countries within each province. The research scrutinizes and forecasts over 20 nations worldwide, as well as the present trend and possibilities in these regions.

MARKET SEGMENTATION

The Global Knee Arthroplasty Market is segmented based on Surgery Type, Indication, model, focus, application, and region. Based on Surgery Type, the market has been segmented into Total Knee Replacement, Unicompartmental (Partial) Knee Replacement, Kneecap Replacement (Patellofemoral Arthroplasty), and Complex Knee Replacement, whereas based on Indication, the market comprises Osteoarthritis, Rheumatoid Arthritis, Posttraumatic Degenerative Joint Disease, Osteonecrosis, and Others. Based on End User, the market has been segmented into Hospital, Specialty Clinics, and Others.

COMPETITION LANDSCAPE

The RI research report discusses noteworthy developments in the industry as well as organic and inorganic growth strategies being adopted by the Knee Arthroplasty market players. The report covers industry activities, including new product launches, mergers & acquisitions, business partnerships, and various expansion initiatives being undertaken by the active players in the market. These developments pave the path for various market participants to strengthen their positioning as well as expand their consumer base. The positive market outlook for the global Knee Arthroplasty market is anticipated to present lucrative growth opportunities to the market players. The report also offers detailed profiles of major players in the global Knee Arthroplasty market, emphasizing the strategic initiatives, financial information, SWOT analysis, and key development in the Knee Arthroplasty industry in the past three years.

Key players in the Global Knee Arthroplasty Market have adopted various organic as well as inorganic growth strategies to strengthen their market positioning. Prominent players in the market include:

• Zimmer Biomet
• DePuy Synthes (Johnson and Johnson)
• Medtronics
• Smith & Nephew
• Stryker
• Arthrex, Inc.
• NuVasive, Inc.
• Globus Medical
• Wright Medical Group N.V.
• Corin Group
• GENERAL ELECTRIC
• 3M
• Siemens Healthcare GmbH
• Braun SE
• Conformis

COVID-19 IMPACT ANALYSIS ON GLOBAL KNEE ARTHROPLASTY MARKET

The COVID-19 pandemic is still a very personal, individual experience that is also a once-in-a-lifetime worldwide phenomenon with far-reaching consequences. The epidemic has wreaked havoc on people's lives in all nations and communities and also had a negative impact on global economic development in 2020, unlike anything seen in almost a century. The pandemic severely impacted key economies such as India, Brazil, the U.S., France, Russia, the UK, Italy, Turkey, and Argentina. According to estimates, the virus slowed global economic growth by -3.4 percent to -7.6 percent in 2020, with a rebound of 4.2 percent to 5.6 percent expected in 2021. In 2020, global commerce was expected to decline by 5.3 percent, but it is expected to rise by 8.0 percent in 2021.

In contrast to the global economic downturn in the first half of 2020, the economy began to showcase symptoms of a two-track recovery post the second quarter of 2020, with a fledgling rebound in developed nations, however, slower growth in emerging economies. The outbreak of the Covid-19 pandemic has not only resulted in halted production activity but has also disrupted the global supply chain. The research goes on to evaluate the current and future implications of the COVID-19 pandemic both on the target as well as broader market, thereby, providing accurate and trustworthy forecasts.

RESEARCH PROGRAM DESIGN

KEY QUESTIONS ANSWERED

1. What is the current size of the global Knee Arthroplasty market?
2. What will be the growth rate of the market over the forecast period?
3. Who are the key manufacturers/vendors in the Knee Arthroplasty market space?
4. What are the major market opportunities and market risks faced by the market?
5. What is the impact of COVID-19 on the market?
6. What are the revenue, sales, and price analysis of the top manufacturers in this market?
7. What are the key outcomes of Porter's five forces model?
8. Who are the distributors, traders, and vendors in the industry?

REASONS FOR BUYING THIS REPORT:

• The report offers comprehensive data on the Knee Arthroplasty market elaborating on the current state and future growth prospects both globally and regionally
• It offers a six-year market forecast trend evaluating the impact of drivers and restraints and supporting factors for growth
• The report offers deep-dive insights into each market segment and critical factors responsible for its growth
• The report presents precise picture of the dynamic competitive landscape which helps our client advance their market position
• The comprehensive analysis of the market along with the inclusion of analyst recommendations ensures that our clients make informed business decisions
• Cross-segment country-level analysis included in the report which provides granular analysis of more than 20+ countries covered in the report scope
• The study includes detailed profiles of major manufacturers to help our readers gain holistic overview of the market competitors and consequently align their business strategies