Industry Background:
The global Knee Replacement Devices market is expected to witness high growth in the forecasted period due to an increase in the number of bone-related disorders, obesity, accident cases, the rise in the demand for knee implants, availability of advanced designs. Knee replacement is the type of joint replacement surgery that is used to treat patients with knee damaging diseases that include post-traumatic arthritis, osteoarthritis, or rheumatoid arthritis.
This growth is primarily driven by High Demand due to Advancement in the Orthopedics Implants and The Availability of Advanced Designs and The Presence of Favorable Reimbursements.
Globally, a noticeable market trend is evident The Availability of Advanced & More Durable Implant Materials
. The Medical Devices sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Aesculap Implant Systems (United States), Zimmer Biomet (United States), Arthrosurface (United States), DePuy Synthes (United States), Arthrex (United States), Stryker (United States), Smith & Nephew (United Kingdom), Baumer (Switzerland), Exactech (United States) and ConforMis (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 3rd June 2019, Smith & Nephew completed the acquisition of Brainlab Orthopaedic Joint Reconstruction Business. This acquisition supports Smith & Nephew’s strategy to invest in best-in-class technologies that further its multi-asset digital surgery and robotic ecosystem.
On 6th March 2018, Smith & Nephew plc. launched JOURNEY II XR in Japan and the U.S. This is a total knee arthroplasty (TKA). This product is designed to combine the greater patient satisfaction of a partial knee replacement with the long-term survivorship and reproducible principles of TKA.
Market Drivers
- High Demand due to Advancement in the Orthopedics Implants
- The Availability of Advanced Designs and The Presence of Favorable Reimbursements
Market Trend
- The Availability of Advanced & More Durable Implant Materials
- Improved Success Rates Attract the Attention of the Younger Population
Restraints
- Stringent Government Regulation Regarding Medical Devices
Opportunities
The Increasing Demand for 3D Printed Knee Implants and High Demand for Robotic-Assisted and Minimally Invasive Surgeries and Navigation Technology
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Knee Replacement Devices Study Sheds Light on
The Knee Replacement Devices Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Knee Replacement Devices industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Knee Replacement Devices industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.