Rise in the geriatric population with increasing prevalence of knee-related disorders across the globe have significantly contributed to the growth of the knee replacement market. Advances in technology, such as the development of minimally invasive surgical techniques and implant materials, have also fueled market growth by improving surgical outcomes and reducing recovery times. Furthermore, the expanding healthcare infrastructure and increasing healthcare expenditure in developing countries are creating opportunities for market players to penetrate new markets and expand their customer base.
Industry
Report Coverage | Details |
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Segments Covered | Implant Type, Procedure, End User |
Regions Covered | • North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA) |
Company Profiled | Johnson & Johnson Services,, Stryker, Zimmer Biomet, Smith+Nephew, DJO, LLC, Arthrex,, Exactech,, Conformis, MicroPort Orthopedics, Corin Group |
High costs associated with knee replacement procedures and implants are major restraints hindering market growth. The significant financial burden on patients, particularly in developing countries with limited access to healthcare insurance, often deters individuals from undergoing knee replacement surgeries. Additionally, the increasing regulatory scrutiny and stringent approval processes for new knee replacement devices pose challenges for market players in terms of product development and commercialization.