Global Knee Reconstruction Device Market Size Is Anticipated to Grow Around $12.54 Billion by 2028, CAGR of Nearly 4.10% | Medical Devices Industry Analysis

Columbus, OH, March 30, 2023 (GLOBE NEWSWIRE) -- Zion Market Research has published a new research report titled “Knee Reconstruction Device Market By Product (Cemented Implants, Cementless Implants, Partial Implants, Revision Implants), By End User (Hospital, Orthopedic Clinics, ASCs), By Indication (Osteoarthritis, Rheumatoid Arthritis, Trauma, Others), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2021 – 2028” in its research database.

“According to the latest research study, the demand of global Knee Reconstruction Device Market size & share in terms of revenue was valued at USD 9,824.5 million in 2021 and it is expected to surpass around USD 12,503.01 million market by 2028, growing at a compound annual growth rate (CAGR) of approximately 4.10% during the forecast period 2022 to 2028.”

What is Knee Reconstruction Device? How big is the Knee Reconstruction Device Industry?

Knee reconstruction devices are medical devices that are used to replace or repair damaged knee joints. These devices are designed to improve mobility and reduce pain in patients suffering from knee problems such as osteoarthritis, rheumatoid arthritis, and knee injuries.

Report Overview:

The global knee reconstruction devices market size was worth USD 9,824.5 million in 2021 and is estimated to grow to USD 12,503.01 million by 2028, with a compound annual growth rate (CAGR) of approximately 4.10% over the forecast period. The report analyzes the knee reconstruction device drivers, restraints/challenges, and their effect on the demands during the projection period. In addition, the report explores emerging opportunities in the knee reconstruction devices market.

The knee reconstruction devices market is being pushed forward by a number of variables, including the rising prevalence of knee injuries and the proportion of older people in the population. Implants, grafts, and tools are some of the components that make up knee reconstruction equipment. These components are used in treatments such as total knee replacement, partial knee replacement, and revision knee replacement.

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Global Knee Reconstruction Device Market: Growth Factors

It is anticipated that the market for knee reconstruction devices would expand over the next few years as a result of the rising demand for minimally invasive operations and the technological breakthroughs that have been made in knee reconstruction devices. In addition, the increasing incidence of obesity, which is a significant risk factor for knee disorders, is also anticipated to promote the expansion of the market for knee reconstruction devices.

One ligament that needs to be changed and placed during knee reconstruction is the stabilizing ligament that holds the tibia in place. Some body processes may be hampered and made more challenging by this tear. Instruments including cementless implants, partial implants, revision implants, and cemented implants are frequently used during knee reconstruction. As knee accidents increase, the market for reconstructive knee equipment is expected to grow. The prevalence of knee-related diseases, including osteoarthritis and rheumatoid arthritis, is rising as the population ages.

The prevalence of knee-related issues is rising quickly. Total knee replacement, also known as total knee arthroplasty (TKA), has grown in popularity as a result (TKR). Knee transplants, the development of personalized therapies, and the development of high-quality knee replacement devices and materials are some of the key factors propelling the global knee reconstruction devices market. The primary factor limiting the knee replacement devices market's growth over the forecast period is the FDA recalls knee replacement implants at an increasing rate due to product failures, component discrepancies, or impaired sterility issues.

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Report Scope

Segmentation Analysis: Segmentation Analysis

The global knee reconstruction devices market has been segmented into product, end-user, indications, and region. Based on product, cemented implants, cementless implants, partial implants, and revision implants are segments of the global knee reconstruction devices market. Compared to other techniques, partial knee replacement systems have a speedier and easier recovery. Based on end-user, the market is classified into hospitals, orthopedic clinics, and ASCs. While hospitals have specialist sections and surgeons that do total knee replacement surgery, orthopedic clinics specialize in these procedures. Based on indication, the market is segregated into osteoarthritis, rheumatoid arthritis, trauma, and others. In 2021 the rheumatoid arthritis category dominated the global market.

The global Knee Reconstruction Device market is segmented as follows:

By Product

• Cemented Implants
• Cementless Implants
• Partial Implants
• Revision Implants

By End User

• Hospitals
• Orthopedic Clinics
• ASCs

By Indication

• Osteoarthritis
• Rheumatoid Arthritis
• Trauma
• Others

Browse the full “Knee Reconstruction Device By Product (Cemented Implants, Cementless Implants, Partial Implants, Revision Implants), By End User (Hospital, Orthopedic Clinics, ASCs), By Indication (Osteoarthritis, Rheumatoid Arthritis, Trauma, Others), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028” Report at https://www.zionmarketresearch.com/report/knee-reconstruction-devices-market

Competitive Landscape

Some of the main competitors dominating the global Knee Reconstruction Device market include - 

• Zimmer Inc.
• Stryker Corporation
• DePuy Synthes
• Smith & Nephew
• Corin
• United Orthopedic Corporation
• Arthrex Inc.
• Exactech Inc.
• DJO Global
• Japan Medical Dynamic Marketing
• Tornier Inc.

 Key Insights from Primary Research:

• According to the analysis shared by our research forecaster, the Knee Reconstruction Device market is likely to expand at a CAGR of around 4.10% during the forecast period (2022-2028).
• In terms of revenue, the Knee Reconstruction Device market size was valued at around US$ 9,824.5 million in 2021 and is projected to reach US$ 12,503.01 million by 2028.
• The global market for knee replacement devices is seeing tremendous growth due to the sharp increase in the prevalence of knee-related conditions worldwide.
• By product, the revision implants had the largest CAGR market in 2021.
• By end use, the hospital segment dominated the market in 2021.
• North America dominated the global knee reconstruction devices market in 2021.

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Key questions answered in this report:

• What is the market size and growth rate forecast for Knee Reconstruction Device industry?
• What are the main driving factors propelling the Knee Reconstruction Device Market forward?
• What are the leading companies in the Knee Reconstruction Device Industry?
• What segments does the Knee Reconstruction Device Market cover?
• How can I receive a free copy of the Knee Reconstruction Device Market sample report and company profiles?

Key Offerings:

• Market Size & Forecast by Revenue | 2022−2028
• Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
• Market Segmentation – A detailed analysis By Product, By End User, By Indication, and By Region
• Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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Regional Analysis:

The global knee reconstruction devices market is divided into geographic regions: North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. It is projected that North America will continue dominating the knee reconstruction equipment market. This growth is due to escalating medical expenses and more awareness of and access to local remedies. The European market is anticipated to grow progressively in the upcoming years.

By Region

• North America
  • U.S.
  • Canada
  • Rest of North America
• Europe
  • France
  • UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

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Recent Developments

• July 2020: The US Food & Drug Administration (FDA) granted the 510(k) clearance for the most recent OMNIBotics software upgrade, version 2.6. Leading supplier Corin offers a unique combination of cutting-edge technologies and solutions for the hip, knee, ankle, and shoulder that have been scientifically tested. As a result, they will be able to use the Unity Knee whole knee implant system in conjunction with robotically assisted treatment in the United States.
•  September 2019: DePuy Synthes will launch the ATTUNE Cementless Knee in a rotating platform option in a select number of important foreign markets, according to an announcement from Johnson & Johnson Medical Products Companies, a global leader in orthopedic trauma treatment devices. It will make it simpler for the company to meet the needs of their active lifestyle today and in the future.

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FREQUENTLY ASKED QUESTIONS

• Which key factors will influence knee reconstruction devices market growth over 2022-2028?
• How will the knee reconstruction devices market be valued during 2022-2028?
• Which region will contribute notably towards the knee reconstruction devices' Market value?
• Which are the major players leveraging the knee reconstruction devices Market growth?

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