Artificial Knee Joint Market report published by Value Market Research, which studies the future outlook of the market. It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2022-2030.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the artificial knee joint market include B. Braun, Smith & Nephew, Zimmer Biomet Holding Inc., Stryker, Exactech, Johnson & Johnson, DJO Surgical, Medtronic, Becton Dickinson, Arthrex, Inc., ConforMIS, MicroPort Scientific Corporation, OMNI life science. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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Market Dynamics
The ageing population worldwide is a significant factor driving the artificial knee joint market. As people age, the risk of developing knee conditions such as osteoarthritis, which may require knee replacement surgery, increases. With a growing elderly population, there is a higher demand for artificial knee joints to improve the quality of life and mobility for older individuals. The increasing prevalence of knee conditions such as osteoarthritis, rheumatoid arthritis, post-traumatic arthritis, and other degenerative joint diseases is driving the demand for artificial knee joints. These conditions can cause chronic pain, disability, and reduced mobility, leading to the need for knee replacement surgery and the use of artificial knee joints.
Advances in technology have significantly impacted the artificial knee joint market. The development of improved materials, designs, and manufacturing techniques has led to the production of more durable and functional knee implants. Computer-assisted surgery (CAS) techniques, robotic-assisted surgery, and patient-specific implants have also emerged, offering enhanced precision and personalized solutions in knee replacement surgeries. Changes in lifestyle have contributed to the development of knee conditions and the subsequent need for knee replacement surgery. Obesity, which is often associated with a sedentary lifestyle, can increase the risk of knee conditions and drive the demand for artificial knee joints. Patients are increasingly seeking improved quality of life and better functional outcomes after knee replacement surgery. There is a growing demand for advanced artificial knee joints that offer better pain relief, increased joint stability, and improved mobility, driving the market for innovative knee implants.
Rising healthcare expenditure, along with increasing access to healthcare facilities, has resulted in a higher number of knee replacement surgeries being performed globally, which has contributed to the growth of the artificial knee joint market as knee replacement surgery is a common treatment option for knee conditions that require the use of artificial knee joints. The increasing participation in sports and physical activities, along with the prevalence of lifestyle-related injuries, such as fractures and ligament tears, can result in knee joint damage that may require the use of artificial knee joints for treatment and recovery. Economic development in emerging markets has led to an increase in disposable incomes, improved healthcare infrastructure, and better access to healthcare services, resulting in increased demand for knee replacement surgeries and artificial knee joints.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of artificial knee joint. The growth and trends of artificial knee joint industry provide a holistic approach to this study.
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Market Segmentation
This section of the artificial knee joint market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Stainless Steel
- Cobalt-Chromium Alloys
- Titanium And Titanium Alloys
- Polyethylene
- Ceramics
- Others
By Application
- Hospitals
- Specialized Orthopedic Clinics
- Ambulatory Surgical Centers
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Artificial Knee Joint market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
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Recent studies indicate that there is an increased prevalence of osteoarthritis and low back pain issues in the general population
When does a person require a knee replacement surgery?If you have a painful and stiff knee replacement surgery and you cannot perform even the simplest of activities, and you have tried other treatments, but they don’t seem to work, then your doctor may consider a knee replacement surgery.
Most people who are above 50 years and have severe osteoarthritis have to undergo this surgery.What happens in knee replacement surgery?You will first be given general anesthesia which will put you to sleep temporarily, or you will be given spinal or epidural anesthesia where you will feel numb below the waist.
Then an 8 to 12-inch cut will be made in front of the knee.
The part of the joint which is damaged will then be removed from the surface of the bones, and the surfaces will be shaped so that it can hold plastic or a metal artificial joint.
The artificial joint is then attached to the thigh bone, knee cap, and shin.
Less tissue is damaged in the smaller, less invasive approach, and this allows the surgeon to work between the fibers of the quadriceps muscles instead of making an incision through the tendon.
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