The global knee replacement market is set for significant growth, with the market value projected to rise from USD 1.3 billion in 2022 to USD 2 billion by 2032. This expansion represents a steady compound annual growth rate (CAGR) of 4.1% during the forecast period.
The increasing demand for revision knee replacement surgeries can be attributed to the rising number of knee replacement procedures and the growing aging population, leading to a higher incidence of complications or wear and tear of primary knee implants. Additionally, advancements in surgical techniques and implant technologies are contributing to the market’s robust growth.
As the number of revision procedures continues to increase, the revision knee replacement market is expected to experience sustained growth, driven by the need for improved patient outcomes and long-term durability of implants.
Revision knee replacement also known as revision total knee arthroplasty, is a procedure in which already implanted artificial knee joint, or prosthesis is replaced with a new prosthesis. Revision knee replacement also include the use of bone grafts. The bone graft can be an autograft which is taken from the site in patient’s body or allograft where the bone tissue comes from donor.
There are three major purpose of revision knee replacement: relieving pain in the affected area, restoring the mobility of the patient, and removing loose or damaged prosthesis. Total knee replacement surgery is most successful but over time if the fails due to various reasons then revision knee replacement is done. Revision knee replacement have the same goal to relive pain and improve function like the total knee replacement surgery.
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.
Global Revision Knee Replacement Industry : 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 Global Revision Knee Replacement Industry 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 Industry 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.
Global Revision Knee Replacement Industry : Overview
Global Revision Knee Replacement Industry 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 Global Revision Knee Replacement Industry 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
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)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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