Total Knee Arthroplasty Market Overview, Size, Trends And Forecast During 2021-2028

 

Total Knee Arthroplasty Market
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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