Knee Implants Market Share Industry Estimated to Rise Profitably by Forecast 2030

Orthopedic Soft Tissue Repair Market (By Procedure: Rotator cuff repair, Epicondylitis, Achilles tendinosis repair, Pelvic organ prolapsed, Gluteal tendon repair, Cruciate ligaments repair, Hip arthroscopy, Biceps tenodesis, Others; By Injury Location: Knee, Shoulder, Hip, Small joints) – Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 – 2030

The Global orthopedic soft tissue repair market size is expected to reach around US$ 19.39 billion by 2030 and is anticipated to grow at a CAGR of 6.5% during forecast period 2021 to 2030.

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Report Highlights

Total knee replacement (TKR) segment held the largest share in 2020, due to the growing need for implants and personalized replacement systems offered by the companies. The segment’s large share is also attributed to the presence of a huge patient base suffering from arthritis disorders and a surge in the patient count undergoing aforementioned procedure.

Moreover, the companies are in process to continuously provide innovative and personalized TKR system that focuses on the unique needs of patient. For instance, Zimmer Biomet and Stryker offer a broad range of advanced technology and products for TKR. Also, the minimally invasive total knee implants surgery is gaining popularity owing to small incision during procedure and fast recovery of patient. All the aforementioned, factors are expected to drive the segment growth in near future.

The mobile bearing implants segment is expected to grow at the fastest rate at a CAGR of over 4.0%, owing to its features including advanced wear characteristics and stability. For example, the Zimmer Biomet offers LPS-Mobile Bearing Knees and NexGen LPS-Flex Mobile, allowing 25 degrees of unhindered internal or external rotation post replacement procedures. The mobile-bearing design allows as lightly greater range of rotation in the knee than the fixed-bearing design.

The growing demand in the young and active population is the main factor driving the growth of this segment. As per the U.S. Department of Health & Human Services, it is estimated that around 294,000 children below the age of 18 suffer from arthritis or rheumatic condition in the U.S. The rising penetration of bone-muscle distortion therapies in cases of accidents, hereditary diseases, and obesity amongst the youth is estimated to propel the sector growth of the mobile-bearing implants in near future.

North America is estimated to be the predominant regional segment in this sector. As of 2020, the U.S. represented the largest market in North America. The growing geriatric population base and the rising prevalence of arthritis and other joint deformities are expected to propel the sector growth in the U.S. Also, presence of well-established healthcare infrastructure and access to technologically advanced implants surgeries is anticipated to boost the knee implants market growth.

Asia Pacific is expected to show the highest growth rate owing to untapped opportunities, rising incorporation of implants in orthopedic procedures coupled with rising prevalence of arthritis and rapidly improving healthcare infrastructure. In addition, increasing healthcare awareness amongst individuals and technological advancements in the emerging economies is anticipated to contribute toward the market growth.

Key Players

Zimmer Biomet, Stryker, DePuy Synthes, Smith and Nephew, Aesculap Implants Systems,LLC, Exactech, Inc., Medacta, MicroPort Scientific, CONMED, Kinamed, Inc., ConforMIS, and OMNIlife science, Inc. There are various small and large manufacturers offering products for implants, as a result, there is intense competition.

Market Segmentation

Procedure Type Outlook 

  • Total knee replacement

  • Partial knee replacement

  • Revision knee replacement

Component Type Outlook 

  • Fixed-bearing Implants

  • Mobile-bearing Implants

Regional Outlook

  • North America

    • U.S.

    • Canada

  • Europe

    • UK

    • Germany

  • Asia Pacific

    • Japan

    • China

    • India

  • Latin America

    • Brazil

    • Mexico

  • Middle East and Africa

    • South Africa

The Knee Implants market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Knee Implants market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Knee Implants market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Knee Implants market. These factors have benefited the growth of the global market for Knee Implants. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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