Knee implants used in the replacement of weight-bearing surfaces of the knee joint to relieve the pain and disability by traumas or by rheumatoid arthritis. The surgery is performed to prevent severe arthritis pain and tearing of ligaments. The damaged knee is replaced by an artificial component that is knee implants that mimics the function of a knee. These implants are made up of metal alloys, plastics, and polymers. Depending on the age, weight and need, implants vary.
The "Global Knee Implants Market Analysis to 2028" is a specialized and in-depth study of the healthcare IT industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Knee Implants Market with detailed market segmentation by procedure, implant type, end user, and geography. The report provides key statistics on the market status of the leading Knee Implants Market players and offers key trends and opportunities in the market.
- Based on procedure, the global knee implants market is segmented as total knee replacement, partial knee replacement and revision knee replacement.
- Based on implant type, the global knee implants market is segmented as fixed bearing implant and mobile bearing implant.
- Based on material, the global knee implants market is segmented as stainless steel, cobalt & chromium alloys, titanium & titanium alloys, tantalum, zirconium and others.
- Based on end user, the global knee implants market is segmented as hospitals, ambulatory surgical centers and others.
- Increasing number of knee osteoarthritis patients
- Aging Population
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Knee Implants Market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Knee Implants Market in these regions.
IMPACT OF COVID-19 ON KNEE IMPLANTS MARKET
COVID-19 was first observed at Wuhan (China) during December 2019. Within just 4 months, the virus infected majority part of Europe and North America. During the third quarter of 2020, US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain were the worst affected countries in terms confirmed cases and reported deaths. In order to achieve effective management of COVID-19, government and health authorities announced restrictions on elective surgeries across the world. This is the major factor contributed to the decline of Knee Implants Market. The similar effect was observed during second wave of COVID-19 in Europe.
The report covers key developments in the Knee Implants Market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Knee Implants Market are anticipated to lucrative growth opportunities in the future with the rising demand for customized procedure trays in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Knee Implants Market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Smith and Nephew
- Zimmer Biomet
- Medacta International
- Exactech, Inc.
- MicroPort Scientific Corporation
- Aesculap Implant Systems, LLC,
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.