Knee implantation is a surgical process in which the damaged bone and cartilage of knee are replaced and removed with metal components that recreate the surface of the joint. The knee implant components are made of ceramic materials, metal alloys, or strong plastic parts. The knee implant surgery is also known as arthroplasty. There are four main types of arthroplasty, namely kneecap replacement, partial knee replacement, complex knee replacement, and total knee replacement.
Total knee replacement involves the replacement of the surface of the thigh bone and the shin connected to the knee. Partial knee replacement or uni-compartmental knee replacement, can be performed through a small cut were one side of the knee is affected. Various types of fixation are used in knee implantation to connect knee implants to the bone, these include hybrid fixation, cementless fixation and cemented fixation. In cemented fixation the implants are held in place with a fast curing bone cement such as polymethylmethacrylate. Where in cementless fixation the implants are press-fit on to the bone so as to augment new bone growth.
According to the Centers of Medicare and Medicaid Services (CMS) around, 10 percent of knee replacement surgeries in the U.S. are partial knee replacements. Generally patients who have undergone the partial knee replacement has osteoarthritis in one compartment of their knee. In kneecap replacement only the under surface of the knee is replaced and it is a small joint replacement procedure.
Furthermore, as per National Joint Registry, around 160,000 knee replacement procedures performed each year and also of same number knee joints are replaced yearly in England and Wales. Also, as per Organization for Economic Co-operation and Development (OECD), in U.S. 226 per 1000 population knee replacement surgery performed in 2013.
Knee implants market by taxonomy:
Knee Implants Market by Product Type:
Knee Implants Market by Material:
Knee Implants Market by End User:
Knee Implants Market by Geography:
Increase in arthritis population and incidence rate of obese expected to support the growth for knee implants market in the near future
North America and Europe account for major share in the global knee implants market. Asia Pacific is expected to be a high growth market for knee replacement, mainly attributed to the large population of people aged 20-65 in this region. This growth is supported by development in healthcare infrastructure and increase in availability of healthcare facilities to perform the implantation procedures. The increase in population and prevalence of bone and joint disorder are the main factors fueling growth of the global knee implant market.
According to Centers for Disease Control and Prevention (CDC), during 2013-2015, it was estimated that around 54.4 million U.S. adults (22.7%) yearly suffered from some form of arthritis diseases such as rheumatoid arthritis, gout, lupus, or fibromyalgia. According to the National Center for Biotechnology Information (NCBI), in 2016 the prevalence of knee arthritis in India was found to be around 28.7% in overall population. Furthermore, as per National Center for Health Statistics (NCHS), during 2011–2014, the prevalence of obesity was around 36% in adults and 17% in youth in the U.S.
The high growth of obesity is a major concern among emerging economies supported by rapid economic development. According to World Health Organization (WHO), in 2014, the obese adult population in China was around 6.9% and in India was around 4.9% and the number is expected to grow at high rate.
Key Players operating in Knee Implants Market Includes:
Zimmer, Stryker, Smith & Nephew plc, Johnson & Johnson, DJO Global, Inc., Exactech, Inc., Zimmer Biomet Holdings, Inc., B. Braun Melsungen AG, MicroPort Scientific Corporation, DePuy Synthes and Arthrex.
Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:
In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.
Coherent Market Insights desk research is based on a principle set of research techniques:
Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:
Preliminary Data Mining
The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.
Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.
Coherent Statistical model
We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:
Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.
This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:
The primary research is conducted with the ecosystem players including, but not limited to:
Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized email@example.com
Talk to our research consultant to design an exclusive report as per your research needs.
We aim to fulfil client's research demands with tailored research solutions.
We aim to provide research studies in quickest turnaround time and in a much cost effective manner.
We cover each industry from supply and demand side with an aim to provide a most holistic research study.
We strive to provide most accurate and reliable research findings in our research reports.