According to Future Market Insights, the market for below-the-knee implants is expected to reach US$ 9 billion by 2023. Worldwide demand for below-the-knee implants is predicted to grow at a 5.2% CAGR to $15 billion by 2033.
The rising prevalence of diabetes, which frequently leads to peripheral artery disease, is one of the key drivers of the below-the-knee implant industry (PAD). According to the World Diabetes Federation, over 425 million people worldwide had diabetes in 2017, with this figure anticipated to climb to 629 million by 2045. PAD is a common diabetic consequence that can result in impaired circulation, ulceration, and amputation. In individuals with PAD, below-the-knee implants can help restore mobility and avoid future problems.
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The growing prevalence of peripheral vascular disease is also driving the market for below-the-knee implants (PVD). PVD is a condition in which blood arteries in the legs and feet constrict or get blocked, resulting in decreased blood flow and oxygen availability to the tissues. PVD can cause pain, ulceration, and gangrene, and amputation may be required in extreme cases. In individuals with PVD, below-the-knee implants can assist increase blood flow and prevent amputation.
Traumatic injuries are also driving the rise of the market for below-the-knee implants. Lower extremity injuries, such as fractures and dislocations, can cause significant damage to the bones, muscles, and ligaments. Amputation may be required in some circumstances to avoid future difficulties. Below-the-knee implants can help patients who have had amputations due to catastrophic injuries regain mobility and function.
Critical Questions Answered in the Report
- What are ongoing trends that will shape market growth curve for global Below-the-knee Implants market?
- What are the drivers and challenges affecting the Below-the-knee Implants market demand?
- What are the recent technological advancement in the Below-the-knee Implants market?
- What are key trends and opportunities that will prevail the revenue growth of Below-the-knee Implants market players?
- How will evolving regulatory policies impact the market growth?
Below-the-knee Implants Market: Segmentation
By Region
- North America (USA, Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, United Kingdom, Spain)
- Eastern Europe (Poland, Russia)
- China
- Japan
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
Detailed analysis on the geographical region and country wise insights are offered in the latest Below-the-knee Implants market report with established market players as well as incumbents in the region.
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By Procedure Type:
- Total Knee Replacement
- Partial Knee Replacement
- Revision Knee Replacement
By Implant Type:
- Mobile Bearing Implants
- Fixed Bearing Implants
By Material Type:
- Stainless Steel
- Titanium and Titanium Alloys
- Chromium and Cobalt Alloys
- Zirconium
- Tantalum
- Others
By End-user:
- Hospitals
- Ambulatory Surgical Centers
- Others
Comprehensive analysis of the regional markets offers exclusive insights on the market performance across geographies along with relevant graphs, figures, and list of tables.
Competitive Analysis
By Prominent Market Players
- Stryker Corporation, Zimmer Biomet
- B. Braun Holding GmbH & Co. KG
- Smith and Nephew plc
- Johnson and Johnson (DePuy synthesis)
- Shanghai MicroPort Medical (Group) Co.?Ltd
- Integra LifeSciences Corporation
- Exatech, Kiname Inc.
- Arthrex Inc.
With an extensive SWOT analysis, the FMI’s study presents the strengths, weaknesses, growth prospects and challenges of each player. The report also includes important data including the sales strategy, pricing strategy, and marketing strategy adopted by these players in the Below-the-knee Implants market
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Why Future Market Insights?
- Comprehensive analysis on evolving purchase pattern across different geographies
- Detailed insights of market segments and sub-segments for historical as well as forecast period
- A competitive analysis of prominent players and emerging players in the Below-the-knee Implants market
- Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years
- Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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