Another name of Knee replacement is knee arthroplasty, it is a surgical process to replace the surface of the knee joint. Knee replacement treatment becomes necessary when the joint is worn or damaged to the extent that mobility is reduced and patients experience pain all the time. Patients of any age can be considered for a knee replacement, although most are carried out on patients between the ages of 60 & 80. Now even young people are also getting treatment for this surgery. Osteoarthritis is the most prevalent reason for knee replacement surgery. Other conditions that cause knee damage include Rheumatoid Arthritis, Haemophilia, Bone Dysplasias, Avascular Necrosis, Gout and Knee Injury.
The market for knee replacement is growing year on year due to the increase in the number of ageing population worldwide. Another reason for the growth is people have become more health-conscious and rising per capita health expenditure government initiative and expenditure of public health are also the major factors. The Knee Replacement Market is forecasted to be US$ 12 Billion by the year 2025, according to Renub Research analysis. There are 3 types of knee replacement total knee replacement market, partial knee replacement market and revision knee replacement. Many big companies are operating in knee replacement market globally few of them are Zimmer Biomet Holding Inc., Stryker Corporation, Smith & Nephew, Johnson & Johnson (Depuy Synthes).
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Rising ageing population across the world will drive the knee replacement market to a great extent. Many developed regions will strategically allocate budget for an ageing population because the geriatric population is more prone to the disease and especially joint disease. Therefore knee replacement will expand in the near future due to the rising ageing population. Rapid advancement or cutting edge technology in knee replacement like robotic arm which assists in partial knee replacement will again propel the knee replacement market in the future course of time.
These days, people are more health conscious and prefer less invasive surgical procedure rather than a conventional surgical procedure. Therefore, now, people are more participating in treatment due to the painless technique of surgery. Knee replacement is a surgical procedure, where the painful knee is replaced with prosthetic that is made up of ceramic or metal. A doctor recommends knee replacement if another option of treatment like medication does not apply to relieve pain. Based on the requirement and patient condition, the knee is fully or partially replaced.
Regional Insight
In this report, we have provided a complete market outlook based on the region; North America, Europe, Asia-Pacific and Rest of the World. Besides, we have also revealed many important and significant factors that influence the regional market of Knee replacement.
Segment Insight
In this report, the market of knee replacement is fragmented by-product into three parts; total knee replacement market, partial knee replacement market and Revision Knee Replacement. Here we have done comprehensive analysis by product and calculated the market based on multi-variable factors. In this report, we have also explained growth factors that propel the market and restrain factors that limit the market in the near future.
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