North America Knee Reconstruction Market Product Type (Primary Knee Reconstruction Devices, Partial Knee Reconstruction Devices, and Revision Knee Reconstruction Devices) - Forecasts to 2021
The total joint replacement of diseased or disabled knee using artificial knee implants has been established as a reliable and efficacious treatment modality that offers marked improvement in the functional ability and quality of life to hundreds and thousands of patients every year across the globe. Knee pain resulting from musculoskeletal disease like osteoarthritis (OA) is a vast and rapidly growing disease that is expected to create considerable demand for knee reconstruction surgery in near future as the population ages.
The market is primarily driven by the aging population, and consequent growing incidence of age related diseases such as osteoarthritis and rheumatoid arthritis. Moreover, with improved implant designs and accuracy of the alignment of knee implants, more young patients between the age group of 45-60 years are opting for surgery to maintain their active lifestyle. Other factors responsible for the growth of the market includes lack of exercise, obesity, and injury leading to fracture.
Government initiative of allocating new funds and development of new policies has reduced the waiting time for knee replacements and increased the number of operations being performed. However, achieving 90% threshold of patients receiving care within the benchmark time frame still remains a hurdle difficult to overcome.
The North America knee reconstruction market is expected to register a CAGR of 3.1% between 2016 and 2021. The primary knee reconstruction segment accounted for the largest share; i.e. about 80% of the overall knee reconstruction market in 2015.
In-depth Market share analysis, by revenue, of the top companies is also included in the report. These numbers are arrived at, based on key facts, annual financial information from SEC filings, Annual reports and interviews with industry experts, key opinion leaders such as CEOs, directors, and marketing executives. The major players profiled in the in the Global knee reconstruction devices market report includes, Zimmer, Inc (U.S.), Stryker (U.S.), DePuy Synthese (U.S.), Smith & Nephew Plc. (U.K.), Arthrex, Inc (U.S.), Exactech, Inc. (U.S.), Crentec. (South Korea), Corin (U.K.), DJO Global (U.S.), Japan MDM, Inc (Japan), Tornier, Inc. (Netherlands), United Orthopedic Corporation (Taiwan), and among others.
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Asia Pacific Knee Reconstruction Devices
The Asia-Pacific knee reconstruction devices market report defines and segments the concerned market in the five countries with analysis and forecast of revenue. The Asia-Pacific knee reconstruction devices market is estimated to grow at a CAGR of 6.5%, from 2016 to 2021.
North America Knee Replacement Devices
The report “Knee Replacement Devices Market forecast, 2012-2018 “analyzes the market of devices by 2 segments such as Partial knee replacement and Total knee replacement (primary) Devices. Both these segments experienced a positive growth till 2012 with an increased awareness for procedures and sophisticated diagnostic techniques. Both the markets have been witnessing the maximum growth because of increase in patient pool and procedure numbers of Knee osteoarthritis and rheumatoid arthritis.
Europe Knee Reconstruction Devices
The Europe knee reconstruction devices market is expected to register a CAGR of 4.5% between 2016 and 2021. The Primary Knee Reconstruction segment accounted for the largest share i.e. around 80% of the overall knee reconstruction devices market in 2015 in Europe.