Knee Implant Market Analysis, Size, Trends | Global | 2018-2024 | MedCore
- Year: 2018
- Scope: 2014-2024
- Region: Australia, Brazil, China, Europe, India, Japan, South Korea, United States
- Pages: 582
- Type: MedCore
The long-term growth of the market will be strongly driven by the increasing demand for revision surgeries. The revision knee implant segment is the fastest growing of the overall knee replacement device market. The growth rate will continue to increase, which can be attributed to the rise in younger knee implant patients. Since the lifespan of knee implants is approximately 15 years, the implants of younger patients will not last to the end of their life and will thus require revision.
Healthcare reforms and cost cutting in the U.S. are responsible for the lower growth rate in market value, compared to procedural growth. Additionally, the presence of lower-priced implants on the market offered by the smaller market players could potentially apply additional downward pressure on the knee replacement ASP. It is expected that the demographic shift of the baby boomer generation into Medicare eligibility will be the main driver of knee replacements.
Cost-cutting measures in Europe are also responsible for the lower growth rate in market value, compared to procedural growth. The long-term growth of the market will be strongly driven by the increasing demand for revision surgeries. The largest segment of the combined knee replacement device market was the market for total knee replacements. As primary knee implants become increasingly affordable, due to price pressure imposed by governmental bodies across Europe, more people will have their knees replaced sooner. This will result in a slight recovery in the growth of the market, as the number of people still waiting for this elective surgery will decrease.
Report Regional Coverage
Throughout this research series, iData has covered several countries in great detail. Each country may be purchased as a stand-alone report, tailoring the data to your needs. The covered countries are:
- United States
- Europe (15 countries including: Germany, France, U.K., Italy, Spain, Benelux (Belgium, Netherlands and Luxembourg), Scandinavia (Denmark, Finland, Norway and Sweden) Austria, Switzerland and Portugal)
- South Korea
Highly Detailed Segmentation
- Total Knee Replacement Market
- Partial Knee Replacement Market
- Knee Cutting Block Market
- Knee Replacement Revision Market
Report Data Types Included
- Unit Sales, Average Selling Prices, Market Value & Growth Trends
- 10 Year Scope (3 Year Historical + 7 Year Forecast Period)
- Market Drivers & Limiters for Each Segment
- Competitive Analysis with Market Shares
- Product Portfolios
- Related Press Releases from Top Competitors
Knee Implant Market Share Insights
Similar to the hip replacement market, the knee replacement market is primarily divided between 4 strong market players: Zimmer Biomet, DePuy Synthes, Stryker, and Smith & Nephew. These companies make up the vast majority of the market in the United States and Europe. Despite these players strong position, there are a significant number of emerging companies and local competitors that are putting pressure on these giants to innovate as well as reduce prices.
Zimmer Biomet is continuing to invest in research and development and is aiming for new product introductions within the next few years. In September 2017, Zimmer Biomet announced the global launch of the Persona® Partial Knee System, while in June 2017, Zimmer Biomet introduced the x-ray-based X-PSI™ Knee System surgical planning technology, which is planned to be launched initially in Europe. The product assists surgeons preparing for total knee replacement by generating 3D anatomic models based on x-ray images.
Stryker’s knee portfolio includes options for primary and revision procedures and features implants for partial and total knee arthroplasty. Stryker’s flagship product is a total knee arthroplasty solution, the Triathlon® Knee System, available in cementless and cemented variations.
Throughout this entire market study, iData’s team of analysts research nearly 50 companies. The full list of companies can be seen below:
All Companies Analyzed in this Study
About Our In-Depth MedCore Research
Our analysts meticulously research for up to 3 to 4 months to put together one suite of reports (MedSuite), which is a comprehensive analysis on a group of healthcare markets. A MedCore is one portion of that analysis that focuses on one market segment, and provides further detailed segmentation to get a much more granular set of market data.
This MedCore is also found in the full report suite titled Large Joint Devices Market – MedSuite
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