May 05, 2022
According to recent research report titled ‘Global Knee Implants Market - Analysis By Replacement Type (Total, Partial, Revision), Material (Metal Alloys, Ceramics, Plastics), Fixation Approach, By Region, By Country (2022 Edition): Market Insights, Pipeline and Forecast with Impact of COVID-19 (2022-2027), available with MarketStudyReport, global knees implants market was valued at 10.26 billion in 2021 and is anticipated to register substantial gains by 2027.
The growth of the global knee implants market is predominantly affected by factors such as the rise in population, growing adoption of sedentary lifestyle, and development of robot-assisted hip functionality services with long-lasting effects.
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Diabetes, obesity, and knee disorders such as osteoarthritis, rheumatoid arthritis, joint pains, are a result of sedentary lifestyles, and thus increased pervasiveness of such disorders has necessitated the use of knee replacement implants or operations across the globe.
New and innovative products with robot assistance for minimally invasive surgeries are likely to be used for the majority of the population through specifically customized implants and provide long-term improvements in hip functionality.
The global knee implants marketplace is segmented on the basis of replacement type, material type, fixation approach, and regional analysis. By replacement type, the market is classified into partial replacement, total replacement, and revision replacement.
The material type segment is further divided into plastics, metal alloys, and ceramics. By fixation approach, the market is categorized into hybrid, cemented, and cementless segments.
The regional analysis of the global knee implants industry involves North America, Latin America, Europe, the Middle East & Africa, and the Asia Pacific.
The competitive landscape of the global hip replacement marketplace is defined by companies such as Zimmer Biomet Holdings Inc., B. Braun Melsungen AG, Medartis Holding AG., Conformis, Inc., Medacta International, Globus Medical Inc., MicroPort Scientific Corporation, Smith & Nephew plc, Stryker Corporation, and DePuy Synthes.