About Partial Knee Replacement (PKR)
A partial knee replacement is a surgical procedure to replace only one part of a damaged knee joint. It's an alternative to a total knee replacement for people with arthritis that is confined to just one area of the knee. Partial knee replacement surgery removes damaged bone and cartilage in one of these compartments and replaces them with an artificial joint (prosthesis) made of metal and plastic. Because a partial knee replacement is performed through a smaller incision than a total knee replacement, patients typically have a shorter recovery time and less pain. An aging population with increasing knee problems like osteoarthritis is a key driver of market growth.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market shortly. Players are anticipated to focus on the development of new compounds, which is likely to encourage the growth of the global market throughout the forecast period. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Partial Knee Replacement (PKR) market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Zimmer Inc. (United States), Stryker (United States), Smith and Nephew (United Kingdom), Exactech, Inc. (United States), Corin Group (United Kingdom), DePuy Synthes (United States), Aesculap Implants Systems LLC (United States), Medacta International. (Switzerland), Allegra Orthopaedics Limited (Australia) and Kinamed, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Medtronic (Ireland), Shanghai MicroPort Medical (Group) Co. Ltd. (China), CONMED Corporation (United States) and DJO, LLC (United States).
Segmentation Overview
AMA Research has segmented the market of Global Partial Knee Replacement (PKR) market by , Application (Hospitals, Ambulatory Surgical Centers, Orthopedic Clinics and Others) and Region.
On the basis of geography, the market of Partial Knee Replacement (PKR) has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
If we see Market by , the sub-segment i.e. will boost the Partial Knee Replacement (PKR) market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.Influencing Trend:
Increasing Demand for Faster Recovery and Return to Activity
Market Growth Drivers:
Rising Geriatric Population and Growing Prevalence of Knee Disorders
Challenges:
Lack of availability of Skilled Doctors
Restraints:
High Initial Costs
Opportunities:
Minimally Invasive Surgical Techniques, Technological Advancements in Materials and Technology and Rising Healthcare Expenditure
Market Leaders and their expansionary development strategies
In January 2022, Smith+Nephew announces the acquisition of Engage Surgical, owner of the only cementless unicompartmental (partial) knee system. This acquisition strongly supports Smith+Nephew's strategy for growth by transforming its business through innovation and acquisition, while also providing differentiation for its customers.
In October 2023, The Medacta Group S.A. launched the GMK SpheriKA Knee Implant. The GMK Sphere is a novel total knee replacement system that aims to reduce post-operative knee discomfort and increase TKA patient satisfaction during daily living activities by providing optimal functional stability.
Key Target Audience
Government Bodies, Research Center, Potential Investors, Market Research and Consultancy Firm and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.