Total Knee Replacement Market forecast 2018-2024 Key Vendors are Stryker, Zimmer Biomet, Smith & Nephew, Medacta USA, Inc., Exactech

U.S. total knee replacement market crossed USD 3.2 billion in 2017 and is expected to grow exponentially over the forecast timeframe as increasing prevalence of arthritis and other knee related problems will boost the industry demand

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Germany total knee replacement market is poised to grow with a CAGR of 4.0% from 2018 to 2024. Knee problems arising from lifestyle disorders such as obesity should contribute to increasing demand for innovative products. According to WHO recent report in 2013, around 60.5% of the adult population in Germany is overweight increasing the cases of disorders such as osteoarthritis and rheumatoid arthritis thereby augmenting the industry growth.

Global Total Knee Replacement Market poised to surpass USD 10 billion by 2024; as per a new research report published by Global Market Insights, Inc. The knee replacement market will experience high growth due to presence of enormous opportunities arising rapidly increasing demand. One of the major market growth driving factors is growing geriatric population susceptible to chronic knee injuries and bone disorders such as arthritis. As per the Census Bureau, the ageing population in the U.S. is around 46 million that is projected to double by 2060. Majority of the geriatric population suffers from at least one bone disorder and require medical attention, giving rise to demand for various knee replacements procedures.

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Partial knee replacement system market accounted for largest market share in 2016 and anticipated to grow at 3.4% CAGR over the projection years, owing to its advantages such as replacement of only damaged component of knee along with minimal erosion of healthy tissues.

Tibial knee component market segment will be the fastest growing segment with expected growth of 4.0% CAGR by 2024. This component provides intraoperative flexibility to the replaced component proving to be beneficial in revision replacement surgery. Also, polyethylene tibial component is known to provide significant long-lasting clinical results with reduced probability of osteolysis; therefore, the demand for the same should rapidly rise in coming years.

Browse key industry insights spread across 120 pages with 106 market data tables & 9 figures & charts from the report, “Total Knee Replacement Market” in detail along with the table of contents:

Ambulatory surgical centers market segment is expected to experience a CAGR of over 5% during the forecast period owing to overall low costs associated with surgery in this facility. Timely procedures without long delay in ambulatory centers attract more patients, resulting in rapid expansion of the same. Moreover, personalized care offering by ambulatory healthcare facilities surges the segment growth.

Some of the major industry players operating in knee replacement market include Stryker, Smith & Nephew, Medacta, MicroPort Scientific, B. Barun, ConforMIS, DePuy Synthes, Corin, DJO Global and Zimmer Biomet. These manufacturing companies have focused their efforts on R&D that have helped them to evolve as major industry players.

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