The global knee reconstruction devices market is expected to reach USD 7.94 billion by 2020, at a CAGR of 4.3% from 2015 to 2020.
Total joint replacement of a diseased or disabled knee using artificial knee implants has been established as a reliable and efficacious treatment modality. It offers marked improvement in the functional ability and quality of life of the patients, worldwide.
The global knee reconstruction devices market is segmented by product type and geography. On the basis of product type, the market is classified into primary knee reconstruction devices, partial knee reconstruction devices, and revision knee reconstruction devices. The primary knee reconstruction devices segment is further subsegmented into primary cemented knee reconstruction devices and primary cementless knee reconstruction devices. The primary knee reconstruction devices segment led the global knee reconstruction devices market in 2014.
Knee pain, resulting from musculoskeletal diseases such as osteoarthritis (OA), is a rapidly growing ailment that is expected to create considerable demand for knee reconstruction surgeries in the coming years. According to the WHO, osteoarthritis accounts for more than 50% of all musculoskeletal diseases across the globe. Expansion of product offerings and becoming one-stop shop for orthopedic purchases has been one of the most recent trends adopted by the companies in the orthopedic industry. This includes selling reconstructive joint implants and trauma fixation products as well as arthroscopy equipment, rehabilitation goods, soft tissue devices, bone substitutes, bone growth factors, and electrical stimulators.
On the basis of geography, the global knee reconstruction devices market report studies a total of 32 major countries across the Americas, Europe, and Asia-Pacific regions. The global knee reconstruction devices market was led by the Americas in 2014. The growth rate of knee reconstruction surgeries is influenced by various factors, such as rise in the aging population and prevalence of arthritis, technological advancements, and well-structured healthcare policies in most of the countries.
Major players profiled in the global knee reconstruction devices market report include Zimmer, Inc. (U.S.), Stryker (U.S.), DePuy Synthes (U.S.), Smith & Nephew plc (U.K.), Arthrex, Inc. (U.S.), Exactech, Inc. (U.S.), Corin (U.K.), DJO Global (U.S.), Japan Medical Dynamic Marketing, Inc. (Japan), Tornier, Inc. (Netherlands), and United Orthopedic Corporation (Taiwan), among others.