2022 To 2032 Knee Replacement Market Dynamics Unveiled
Knee Replacement Market is expected to reach US$ 1.3 billion by 2022. The revision knee replacement market is expected to reach US$ 2 billion by 2032, with a CAGR of 4.1%.
Revision knee replacement also known as revision total knee arthroplasty, is a procedure in which an already implanted artificial knee joint, or prosthesis is replaced with a new prosthesis. Revision knee replacement also includes the use of bone grafts. The bone graft can be an autograft which is taken from the site in the patient’s body or an allograft where the bone tissue comes from the donor.
There are three major purposes of revision knee replacement: relieving pain in the affected area, restoring the mobility of the patient, and removing loose or damaged prostheses. Total knee replacement surgery is most successful but over time if the fails due to various reasons then revision knee replacement is done. Revision knee replacement has the same goal of relieving pain and improving function as total knee replacement surgery.
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Revision knee replacement surgeries are more complex and take longer time and extensive planning and specialized implants and tools are required to achieve better results. There are various types of revision surgery. In certain cases, only implants or component is replaced. Other time all three component- tibia, femoral, and patellar needs to be replaced and the bone around the knee needs to be rebuilt with a metal piece or bone graft.
The major step in revision surgery is the removal of the old femoral component. After the removal of the metal shell in the femoral, the damaged bone is scraped off and the femur bone is reshaped. If the bone is weak, the cavity inside the femur is filled with bone grafts.
Revision Knee Replacement Market: Drivers and Restraints
The revision knee replacement is expected to grow due to the increasing rate of old age diseases like obesity arthritis, sports-related injuries, osteoporosis, diabetes, and the aging population and. However, existing and upcoming advancements in the technology in the revision knee replacement such as minimally invasive surgery and better implant materials are the factors that drive the revision knee replacement market globally.
Increasing investment in the healthcare sector also drives the market of the revision knee replacement market. Despite the widely used procedures for curing disease, the global revision knee replacement market is facing challenges such as economic slowdown which is forcing patients to reconsider elective surgeries when conservative medical treatments such as viscosupplementation may ease the pain. High-cost surgery, and growing awareness for non-surgical treatment methods such as exercise, walking aids, and weight loss inhibit the market of the revision knee replacement market.
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Revision Knee Replacement Market: Overview
Revision knee replacement market is one of the most effective and widely used to relieve the pain of arteritis. Technological advancement in the knee replacement market such as minimally invasive implant materials and their success rate allow even the younger generation to undergo revision knee replacement.
The revision of knee replacement promotes technologies such as 3D-printed knee implants. The emerging revision knee replacement market is due to advancements in technologies and new product launches. The manufacturing companies are raising their respective market share with the help of marketing activities and growing awareness among the people.
Key Companies Profiled:
Smith & Nephew Plc
Wright Medical Group, Inc
Zimmer Holdings
Biomet, Inc.
Exactech
Stryker Corporation
DePuy Companies, Inc
B. Braun Melsungen AG
DJO Global
Ortho Development
Limacorporate S.p.a.
SURGIVAL INTERNATIONAL
BEZNOSKA
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Key Segments
By Product Type:
Three Compartmental
Uni-compartmental
By Fixation Type:
Cemented
cement less
By End User:
Hospitals
Orthopaedic and Prosthetic Clinics
Others
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