As population demographics shift, long-term diseases become more prevalent, patient expectations rise, and medical technology advances, demand healthcare resources continues to rise. The turn of the century brought an exciting and once-in-a-lifetime opportunity to learn more about how the human body works. The issue of joint diseases has grown in importance in recent decades, paralleling significant advancements in all medical professions. Body joint disorders and accidents are well-known. Joint disorders impair one's ability to function and have an impact on numerous aspects of one's health. There is now widespread agreement among the medical community, including academics and practitioners, that differences in sex, gender, cultural, ethnic, and socioeconomic origins influence the causes, progression, and treatment of illness.
Total knee replacement for knee osteoarthritis benefits patients with a more severe functional impairment the most, while those with less severe impairment benefit only slightly. Furthermore, performing total knee replacement surgery only on patients with severe symptoms may save money. Osteoarthritis is the world's most common chronic joint disease, and it is one of the leading causes of disability and pain in the elderly. Osteoarthritis affects half of the world's population aged 65 and up, and 80 percent of people with symptomatic osteoarthritis have mobility issues, with 25% unable to perform daily tasks. The prevalence of osteoarthritis varies greatly depending on whether the criteria used are self-report, physician report, or radiologic imaging. It certainly rises with age, and it may even triple in people over the age of 70 and those who are obese. The World Health Organization (WHO) reports that symptomatic osteoarthritis affects 9.6 percent of men and 18.0 percent of women over the age of 60, making it one of the most common chronic disorders worldwide.
Osteoarthritis is a difficult disease to overcome. With no effective therapeutic option to prevent the onset or progression of osteoarthritis, total joint replacement surgery remains the gold standard of end-of-life care. Although medications and other pharmacologic therapy can help to slow the progression of these illnesses and relieve pain, in severe cases, surgery may be required. Due to the large number of symptomatic patients worldwide, it is critical to creating an up-to-date market database to better understand the dynamics of global joint replacement markets. Furthermore, as the procedure is now available to more patients with less severe symptoms, the number of total knee replacement surgeries for knee osteoarthritis has increased significantly in recent years.
Infection rates are increasing, which is increasing the frequency of knee revision procedures. After total knee replacement, the most common complication is a periprosthetic joint infection, which can lead to wound complications and rheumatoid arthritis. As a result, more knee replacement surgeries are being performed to treat post-surgical infection and its consequences, leading to an increase in the number of knee replacement surgeries. Infections on the knee's surface can also occur after total knee replacements, necessitating a revision. A large and growing target patient population suffering from joint disorders creates market opportunities for industry participants who should improve their understanding of total knee replacement market dynamics.
The global total knee replacement market is to increase from US$ XX.X million in 2020 to US$ XX.X million by 2025. The market is estimated to grow with a compound annual growth rate (CAGR) of XX.X% (2020-2025). Some of the prominent players in the market are B. Braun, Biomet, C2F Implants, ConfirMIS, Inc, Corin Group, DJO Global, Exactech, Inc, Medacta, MicroPort Scientific Corporation, Smith & Nephew, Stryker, Waldemar LINK, Zimmer Biomet. The research report on the global total knee replacement market provides extensive competition analysis and competitive conditions. The report includes information on significant products, players, challenges and developments, and other information specific to the market.
The global economy is highly affected by the COVID-19. Various sectors in the economy are much affected by this pandemic. The global economy will decline because of the loss of trillions of dollars. The growing extension and imposition of lockdown in various countries directly affect the economy all over the world. The report consists of a chapter that provides a detailed study of the impact of COVID-19 on the total knee replacement market. This report is helpful for business and industry practitioners. The study specifically intended to assist in explaining, directing, and understanding the potential of the total knee replacement markets. The study focuses on providing readers with an understanding of developments in the industry. The report also provides detailed insights on market segments, market forecasts, leading players, market drivers, and inhibitors.
Goals and objectives of the global total knee replacement market study
- Define and discuss the global market for total knee replacement.
- Analyze the various segments of the market as well as the market dynamics of total knee replacement.
- Categorize total knee replacement segments with escalating growth potential and value the segments' future market.
- Analyze the key trends related to different segments and countries that help in figuring the total knee replacement market.
- To check region-specific growth and development in the total knee replacement market.
- Analyze the historical and current value of each of these product segments in the end-user and geographic markets.
- Understand the foremost stakeholders of the market and the value of the competitive landscape of the leaders of the market.
- To study the plans, initiatives, and strategies for the development of the market.
The second chapter, market overview, provides an overview of the total knee replacement market. The chapter discusses macroeconomic factors, drivers, restraints, opportunities, challenges, value chain analysis, technology roadmap, and Porter 5 force model analysis.
Global Total Knee Replacement Market Segmentation
Chapter 3, segment analysis provides information on the different sub-segments of the market. The chapter provides an in-depth analysis of the market segments, year-on-year growth projections that enable readers to identify potential market growth areas.
- Based on type, the global total knee replacement market is segmenting into primary knee systems, partial knee systems.
- Based on application, the total knee replacement market is segmenting into hospitals, ambulatory surgical centers.
Global Total Knee Replacement Market Regional Analysis
Chapter 4, the regional analysis includes an in-depth analysis of the total knee replacement market by region. The chapter includes various regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. The report also includes a comprehensive analysis of the market by country. The report covers countries such as the United States, Canada, Germany, France, Italy, Spain, China, India, Japan, the GCC, South Africa, Brazil, Mexico, and the rest of the world. Regional insight helps market competitors to make crucial decisions about their company. Individualized, country-wise, and segment-wise analyses by region allow readers to explore the potential of the market in different geographies. This section is a vital part of the report for each year's growth projections and a global share of value.
Global Total Knee Replacement Market Competitive Analysis
Chapter 5, competitive analysis of the report includes company shares analysis, a list of acquisitions, mergers, collaboration, and the introduction of new products.
Global Total Knee Replacement Market Company Profile
Chapter 6, the company profile of the report also covers key industry players working in the total knee replacement market. The report also discusses the business strategies adopted by the players at the global, regional, and country-level. The study also focuses on various businesses or inorganic business development strategies for expanding consumer networks through product formation, organization extension, partnerships, mergers, and acquisitions.
The study offers an exhaustive summary and estimate of the global market. It includes in-depth qualitative and quantitative analyses in the report that align with our customer's goals and objectives. Projections have been confirmed by comprehensive primary and secondary analysis. The study will encourage clients to invest in the market based on the current business situation, trends, and potential developments in the segments. Understanding the requirement of the client, the report delivers specialist insights into the global market, its products, and market patterns.
