The Revision Knee Replacement Industry is poised to achieve a market value of US$ 1.3 billion by 2022, and this figure is projected to ascend to US$ 2 billion by 2032, showcasing a robust CAGR of 4.1%.
Revision knee replacement, also recognized as revision total knee arthroplasty, is a surgical procedure that entails the replacement of an existing artificial knee joint or prosthesis with a new one. This replacement procedure may also incorporate the use of bone grafts, which can either be autografts, sourced from the patient’s own body, or allografts, where the bone tissue is obtained from a donor.
The primary objectives of revision knee replacement encompass alleviating pain in the affected area, restoring the patient’s mobility, and rectifying issues with loose or damaged prostheses. While total knee replacement surgery is typically highly successful, there are instances where it may fail for various reasons, necessitating the need for revision knee replacement. The ultimate goal of revision knee replacement is to relieve pain and enhance functionality, akin to the objectives of the initial total knee replacement surgery.
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Revision knee replacement surgeries are more complex and take longer time and extensive planning and specialized implants and tools are required to achieve better results. There are various type of revision surgery. In certain cases only on implants or component is replaced. Other time all the three component- tibia, femoral and patellar needs to be replaced and the bone around the knee needs to rebuild with the metal piece or bone graft.
The major step in revision surgery is the removal of the old femoral component. After the removal of the metal shell in the femoral, damaged bone is scraped off and the femur bone is reshaped. If the bone is weak, the cavity inside the femur is filled with bone grafts.
Revision Knee Replacement Market: Drivers and Restraints
The revision knee replacement is expected to grow due to the increasing rate of old age diseases like obesity arthritis, sports related injuries, osteoporosis, diabetes and aging population and. However existing and upcoming advancement in the technology in the revision knee replacement such as minimally invasive surgery and better implant materials are the factors that drive the revision knee replacement market globally.
Increasing investment in the healthcare sector also drive the market of the revision knee replacement market. Despite the widely used procedures for curing disease the global revision knee replacement market is facing challenge such as economic slowdown which is forcing patients to reconsider elective surgeries when the conservative medical treatments such as viscosupplementation may ease the pain. High cost surgery, growing awareness for the non-surgical treatment methods such as exercise, walking aids, and weight loss inhibits the market of the revision knee replacement market.
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Revision Knee Replacement Market: Overview
Revision knee replacement market is one of the most effective and widely used to relive the pain of arteritis. Technological advancement in the knee replacement market such as minimally invasive implant materials and their success rate allowing even the younger generation to undergo revision knee replacement.
The revision knee replacement promotes technologies such as 3D printed knee implants. The emerging revision knee replacement market due to advancement in the technologies and new product launch. The manufacturing companies are raising their respective market share with the help of marketing activities and growing awareness among the people.
Key Companies Profiled:
- Smith & Nephew Plc
- Wright Medical Group, Inc
- Zimmer Holdings
- Biomet, Inc.
- Exactech
- Stryker Corporation
- DePuy Companies, Inc
- B. Braun Melsungen AG
- DJO Global
- Ortho Development
- Limacorporate S.p.a.
- SURGIVAL INTERNATIONAL
- BEZNOSKA
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Key Segments
By Product Type:
- Three Compartmental
- Uni-compartmental
By Fixation Type:
- Cemented
- cement less
By End User:
- Hospitals
- Orthopaedic and Prosthetic Clinics
- Others
Author
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
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