For instance, in 2021, Zimmer Biomet Holdings, Inc. and Canary Medical declared that U.S. Food and Drug Administration (FDA) has granted De Novo classification and authorization to market the tibial extension for Persona IQ, the world's first and only smart knee cleared by the FDA for total knee replacement surgery.
Knee Replacement also known as knee arthroplasty is a joint surgery to replace the affected parts of the knee to assuage torment and handicap. A knee replacement medical procedure is performed on patients that are diagnosed with osteoarthritis.
However, the high cost of the knee replacement procedures makes it impossible for the common people to opt for them, which, in turn, is restraining the growth of the market. Besides, limited availability of skilled surgeons in developing regions are expected to slow down the growth of the market.
The global total knee replacement market is segmented into cause, material, implant fixation, end-user, company, and region. The cause segment is further divided into osteoarthritis, rheumatoid arthritis, and post-traumatic arthritis. The osteoarthritis segment is expected to hold the largest share during the forecast period. This is attributed to rapid increase in the geriatric population, increasing number of people suffering with osteoarthritis, and the rising cases of injuries.
On the basis of region, North America has accounted as the largest market share in the year 2022. This is due to presence of various
Major players in the global total knee replacement market include SurgTech Inc., Zimmer Biomet Holdings, Inc., Think Surgical Inc., Corin Group, Smith & Nephew plc, Stryker Corporation, Aesculap, Inc., Medacta International SA, Johnson & Johnson Services, Inc., and Exactech, Inc.
- To analyze and forecast the market size of global total knee replacementmarket.
- To classify and forecast global total knee replacement market based on cause, material, implant fixation, end-user,company, and region.
- To identify drivers and challenges for global total knee replacementmarket.
- To examine competitive developments such as expansions, new productlaunches, mergers & acquisitions, etc., in global total knee replacementmarket.
- To conduct pricing analysis for global total knee replacement market.
- To identify and analyze the profile of leading players operating in globaltotal knee replacement market.
Market insights research performed both primary as well as exhaustive secondary research for this study. Initially, Market insights research sourced a list of hospitals across the globe. Subsequently, Market insights research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market insights research could include the hospitals which could not be identified due to the limitations of secondary research. Market insights research analyzed the hospitals and presence of all major players across the globe.
Market insights research calculated the market size of
Key Target Audience
- Hospitals, orthopediccenters and other stakeholders
- Government bodiessuch as regulating authorities and policy makers
- Organizations,forums and alliances related to total knee replacement
- Market researchand consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as
| Attribute | Details |
| Base Year | 2022 |
| Historical Data | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million, Volume in Units, and CAGR for 2018-2022 and 2023-2028 |
| Report coverage | Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
| Segments covered | Cause Material Implant Fixation End-User |
| Regional scope | North America; Europe; Asia Pacific; South America; Middle East & Africa |
| Country scope | United States, Mexico, Canada, China, India, Japan, South Korea, Australia, Germany, France, United Kingdom, Italy, South Africa, UAE, Saudi Arabia, Brazil, Argentina, Colombia |
| Key companies profiled | SurgTech Inc., Zimmer Biomet Holdings, Inc., Think Surgical Inc., Corin Group, Smith & Nephew plc, Stryker Corporation, Aesculap, Inc., Medacta International SA, Johnson & Johnson Services, Inc., and Exactech, Inc |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
