Total Knee Arthroplasty Market - Global Analysis, Size, Share, Growth, Trends, and Forecast, 2021 - 2028
Total Knee Arthroplasty Market |
The articular surfaces (femoral condyles and tibial plateau) of the knee joint are replaced with smooth metal and highly cross-linked polyethylene plastic in total knee arthroplasty (TKA) or total knee replacement (TKR), which is a frequent orthopaedic procedure. By lowering pain and boosting function, TKA seeks to enhance the quality of life of people with end-stage osteoarthritis. In industrialised nations, the frequency of TKA procedures has grown, with younger patients having TKA.
Every year, an increasing number of knee arthroplasty surgeries are conducted worldwide, resulting in a high demand for knee arthroplasty-related items, which is likely to fuel growth of the global Total Knee Arthroplasty Market throughout the forecast period. According to the American Joint Replacement Registry's Annual Report for 2020, the number of total knee arthroplasty surgeries and revision knee arthroplasty procedures conducted in the United States between 2012 and 2019 was 955,410 and 75,489, respectively. According to the same source, the number of knee arthroplasty surgeries conducted is predicted to skyrocket in the near future.
Market Segmentation:
By Device Type
- Three-compartmental Knee Implants
- Bi-compartmental Knee Implants
- Uni-compartmental Knee Implants
By Procedure
- Primary Knee Replacement
- Revision Knee Replacement
- Partial Knee Replacement
By Implant Type
- Fixed-bearing Implants
- Mobile-bearing Implants
- Medial Pivot Implant
By Material
- Metal-on-Plastic
- Ceramic-on-Ceramic
- Metal-on-Metal
By End User
- Hospital
- Orthopedic Clinics
- Ambulatory Surgery Centers
The growing number of U.S. Food and Drug Administration (FDA) recalls of knee replacement implants due to product failures, component inconsistencies, or compromised sterility concerns is likely to stifle the worldwide total knee arthroplasty market's growth throughout the forecast period. For example, Zimmer Biomet, a medical device firm located in the United States, recalled several knee implants packaged in low density polyethylene (LDPE) bags in 2017 owing to packing tuck in implants.
The major players operating in the global total knee arthroplasty market include Depuy Synthes (Johnson & Johnson), Zimmer Biomet Holdings, Inc., MicroPort Scientific Corporation, Conformis Inc., Corin Group, Exactech Inc., DJO LLC. (Colfax Corporation), Medacta International, Smith & Nephew plc, Stryker Corporation, Baumer SA, SurgTech Inc., and Meril Life Sciences Pvt. Ltd.
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