Total Knee Arthroplasty Market Overview, Size, Trends And Forecast During 2021-2028
Total Knee Arthroplasty Market |
Total
Knee Arthroplasty (TKA), also known as knee replacement surgery, is a surgical
procedure that involves replacing a damaged or arthritic knee joint with an
artificial implant called a prosthesis. It is performed to relieve chronic
pain, improve knee function, and enhance the quality of life for patients
suffering from severe knee conditions. The Total
Knee Arthroplasty Market being primarily driven by the aging global
population and the increasing prevalence of degenerative joint diseases were
contributing to a rising demand for knee replacement surgeries.
During
the surgery, the damaged bone and cartilage are removed, and the prosthesis is
placed to replicate the natural knee joint's movement. TKA is commonly
recommended for patients with osteoarthritis, rheumatoid arthritis, or
traumatic knee injuries that have not responded to non-surgical treatments. The
adoption of minimally invasive procedures was gaining traction, leading to
reduced hospital stays and quicker post-operative recovery times. This trend
was contributing to the overall growth of the TKA market.
The Total
Knee Arthroplasty Market Is Anticipated To Reach US$ 8,739.2 Mn In 2021 And
Is Projected To Grow At A CAGR Of 4.0% From 2021 To 2028.
As
most knee replacement surgeries are carried out in hospitals due to the
accessibility of cutting-edge technologies and skilled personnel in these healthcare
settings, the hospitals sector holds the biggest Total Knee Arthroplasty Market share. The preference of patients
for hospitals that provide noteworthy intensive care during post-surgical
operations is also anticipated to fuel the rise of this segment during the
forecast period.
Competitive Landscape
The
global Total Knee Arthroplasty Market
participants are 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.
Total Knee Arthroplasty Market
Trends
Rising Global Prevalence: The global prevalence of knee osteoarthritis and
related conditions was increasing due to factors such as an aging population,
sedentary lifestyles, and obesity. As a result, the demand for total knee
arthroplasty was also growing.
Advancements in Implant Technology: Manufacturers were continuously developing and
introducing advanced implant designs and materials to improve patient outcomes
and implant longevity. These innovations aimed to enhance the durability and
functionality of knee implants, leading to better patient satisfaction.
Hinged-Cuff
Rigid
Knee Braces are a knee brace featuring a combination of rigid
components and a hinged cuff design that offers both substantial stability and
flexibility for specific knee conditions that require controlled motion.
Minimally Invasive Techniques: Surgeons were increasingly adopting minimally
invasive techniques for TKA procedures. These approaches offer potential
benefits such as reduced tissue damage, quicker recovery times, and less
postoperative pain for patients.
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