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Knee Replacement Implants Market Research with Regional Growth by 2030
The anticipated size of the global knee replacement implants market is projected to reach USD 17.45 billion by 2030, with a forecasted revenue compound annual growth rate (CAGR) of 5.3%, as per the latest report from Reports and Data. The growth in revenue for knee replacement implants is attributed to factors such as the high prevalence of osteoporosis, increased awareness, and ongoing research initiatives aimed at enhancing the effectiveness of medical devices.
Knee replacement, also referred to as knee arthroplasty, is a sophisticated surgical procedure designed to alleviate pain and disability in individuals with knee deformities by replacing the weight-bearing surface of the knee. The term "implant" pertains to artificial materials used in knee replacement, facilitating the restoration of normal knee functions.
As individuals age, many encounter joint pain that hinders their full participation in various physical activities. Some may endure severe knee pain, prompting a visit to an orthopedic doctor who may prescribe medications or recommend treatments like physiotherapy, acupuncture, or the use of braces. In cases where pain persists despite these measures, knee replacement surgery may be advised by the doctor to alleviate pain and enhance mobility. This surgical procedure involves the removal of a portion or the entirety of the knee joints, with damaged parts replaced by a metal or plastic artificial knee replacement implant. The growing demand for knee replacement implants is fueled by the increasing number of young and active individuals experiencing joint injuries due to sports activities and everyday wear and tear, creating a need for a lasting solution.
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