About Knee Reconstruction Devices
A growing aging population coupled with increasing incidences of diseases such as rheumatology arthritis will help to boost the knee reconstruction market all over the world in the forecasted year. Knee reconstruction is a surgical procedure in which a diseased or injured joint is replaced with an artificial joint named an implant. Prepared of metal alloys and high-grade plastics, the implant is intended to move much like a healthy human joint. As per market interpretations, knee pain owing to knee diseases such as osteoarthritis can result in high adoption for knee reconstruction surgeries.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia- Pacific |
Unit | Value (USD Million) |
CAGR | 5.3% |
There are various companies are exploring the market in new geographical regions by adopting various market growth strategies such as mergers & acquisitions, expansions, investments, new product launches and many others. The market leading players are exploring new opportunity areas through expansions and acquisitions across the globe to avail competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Knee Reconstruction Devices 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 & Nephew plc (United Kingdom), DePuy Synthes (United States), Exactech, Inc. (United States), Arthrex, Inc. (United States), DJO Global (United States), Corin (United Kingdom), Japan Medical Dynamic Marketing, Inc. (Japan) and Tornier, Inc. (Netherlands) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are United Orthopedic Corporation (Taiwan) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Knee Reconstruction Devices market by Type (Primary Implants Knee Reconstruction [Cement less, Cemented], Partial Implants Knee Reconstruction and Revision Implants Knee Reconstruction), Application (Hospitals, Outpatient Healthcare, Diagnostic Center and Others) and Region.
On the basis of geography, the market of Knee Reconstruction Devices 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). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Indications, the sub-segment i.e. Rheumatoid Arthritis Knee Reconstruction will boost the Knee Reconstruction Devices market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Advancement in Surgical Technologies and High Adoption of Techniques with Minimal Invasion
Market Growth Drivers:
Evaluation of new Material Techniques, Rising Number of knee Construction Services and Increasing Prevalence’s Of Aging Diseases Such As Rheumatoid Arthritis and Osteoarthritis
Challenges:
Strict Government Regulation
Restraints:
Rising Concern Related to Increasing Cost for Knee Construction Devices
Opportunities:
Huge Demand for knee Construction Devices in Emerging Countries, Fueling Medical Expenditure and Upsurge in the Number of Approvals for New Devices by the FDA
Market Leaders and their expansionary development strategies
In November 2018, Zimmer Biomet Holdings Inc., a worldwide leader in musculoskeletal healthcare has declared U.S. Food and Drug Administration 510(k) clearance of the Persona Revision Knee System for revision knee replacement procedures. This system delivers anatomic components designed to match a patient’s unique anatomy for a personalized fit.
In February 2024, The Asian Orthopaedic Institute (AOI) at SIMS Hospital has introduced a new ceramic knee replacement system. According to a press release, the launch was followed by a masterclass and a demonstration surgery with the ceramic knee.
According to FDA, “A knee joint patellofemoral polymer/metal semi-constrained cemented prosthesis is a two-part device intended to be implanted to replace part of a knee joint in the treatment of primary patellofemoral arthritis or chondromalacia. The device limits translation and rotation in one or more planes via the geometry of its articulating surfaces. It has no linkage across-the-joint. This generic type of device includes a component made of alloys, such as cobalt-chromium-molybdenum or austenitic steel, for resurfacing the intercondylar groove (femoral sulcus) on the anterior aspect of the distal femur, and a patellar component made of ultra-high molecular weight polyethylene. This generic type of device is limited to those devices intended for use with bone cement. The patellar component is designed to be implanted only with its femoral component.”
Key Target Audience
Device Manufactures, Suppliers and Distributors, Healthcare Industry, Technology Investors, Integrated Device Manufacturers (IDMs), Research/Consultancy Firms, Government Agencies, Professional Service Providers 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.