The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s knee implants market report forecasts the knee implants market size to grow to $13.91 Billion by 2027, with a CAGR (compound annual growth rate) of more than 5%.

Learn More On The Knee Implants Market Report 2023 – https://www.thebusinessresearchcompany.com/report/knee-implants-global-market-report

Knee Implants Market Size Forecast
The global knee implants market is expected to grow from $10.87 billion in 2022 to $11.39 billion in 2023 at a compound annual growth rate (CAGR) of 4.72%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global knee implants market size is expected to reach $13.91 billion in 2027 at a CAGR of 5.14%.

North America held the largest knee implants market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Knee Implants Market Driver ­– Increase In The Prevalence Of Orthopedic Disorders
For example, the Centres for Disease Control and Prevention, a US-based national public health organisation, predicts that by 2040, 25.9% of the expected total adult population, or 78.4 million people aged 18 and older, will have arthritis. Another 34.6 million people (43.2% of arthritis-affected adults or 11.4% of all US adults) are expected to have activity limitations due to arthritis by 2040. As a result, the rising prevalence of orthopaedic problems is propelling the knee implant market forward.

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Key Knee Implants Market Trend – Technological Advancement
To maintain their market position, major businesses in the knee implant industry are focusing on creating innovative technologies. For example, in August 2021, Zimmer Biomet, a medical technology company located in the United States, and Canary Medical Inc., a medical data firm based in the United States, unveiled the Persona IQ® knee implant, the world’s first and only smart knee implant for total knee replacement surgery. Persona IQ is distinguished by combining Zimmer Biomet’s tried-and-true Persona® The Personalised Knee® knee implant with Canary Medical’s proprietary implantable canturioTMte tibial extension sensor technology, which measures and calculates range of motion, step count, walking speed, and other gait metrics.

Knee Implants Market Segment
1) By Product: Total Knee Replacement, Partial Knee Replacement, Revision Knee Replacement
2) By Component Type: Fixed-Bearing Implants, Mobile-Bearing Implants
3) By Material: Stainless Steel, Cobalt-Chromium Alloys, Titanium Alloys, Polyethylene, Ceramics, Other Materials
4) By Fixation Type: Cemented, Cementless, Hybrid
5) By End User: Hospitals And Orthopedic Clinics, Ambulatory Surgical Centers, Other End Users

Knee Implants Market Major Players and Strategies
Major players in the knee implants market are  Johnson & Johnson Services Inc., Zimmer Biomet, Stryker Corporation, Smith+Nephew PLC, Aesculap Inc., Exatech Inc., MicroPort Scientific Corp., CONMED Corporation, Conformis Inc., Corin Group, Medacta International, B. Braun SE, ARTIQO GmbH, Arthrex Inc. and Enovis Corp.

Smith+Nephew, a medical technology business based in the United Kingdom, paid $135 million for Engage Surgical in January 2022. Smith+Nephew expects the acquisition to extend its robotics and real-time intelligence capabilities, which aid partial knee operations by ensuring accurate alignment. The acquisition is expected to help Smith+Nephew increase its market share in the United States and other markets. Engage Surgical is a US-based knee implant manufacturer that has created the only cementless partial knee system accessible in the US.

The Knee Implants Global Market Report 2023 covers regional data on knee implants market size, knee implants market trends and drivers, opportunities, strategies, and knee implants market competitor analysis. The countries covered in the knee implants market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Knee implants are a type of knee replacement surgery in which specific damaged or worn-out knee joint parts are replaced. The surgery has the potential to improve knee functionality and minimise discomfort. A knee implant is a form of human-made prosthetic that is used to simulate the movements and functions of a healthy human knee.

View More Reports Related To The Knee Implants Market –
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