Knee Reconstruction Market Size by Segments, Share, Regulatory, Reimbursement, Procedures and Forecast to 2033
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Knee Reconstruction Market Report Overview
The knee reconstruction market size was valued at $864.4 million in 2023 and is anticipated to grow at a CAGR of more than 2% during 2023-2033. Knee reconstruction is a surgical procedure involving the replacement of damaged or diseased parts of the knee joint. The category includes devices (implants) used in primary, partial and revision knee replacement procedures.
Knee Reconstruction Market Outlook, 2023-2033 ($ Million)
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The knee reconstruction market research report has been created to understand market behavior, which will help identify quantitative market trends in the Orthopedic Devices therapeutic area. It discusses in detail the impact of COVID-19 on the knee reconstruction market for the year 2020 and beyond. The report has extensively covered pipeline products and technologies, which will help in identifying companies with the most robust pipeline. This, in turn, will assist in predictive analysis for designing in-licensing and out-licensing strategies.
Market Size (2023) | $864.4 Million |
CAGR (2023-2033) | >2% |
Forecast Period | 2024-2033 |
Historical Period | 2015-2023 |
Key Regions | · North America
· Europe · Asia Pacific · South Central America · Middle East and Africa |
Key Segments | · Partial Knee Replacement Procedures
· Primary Knee Replacement Procedures · Revision Knee Replacement Procedures |
Leading Companies | · Zimmer Biomet Holdings Inc
· DePuy Synthes Inc · Smith & Nephew Plc · B. Braun Melsungen AG · MicroPort Scientific Corp |
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Knee Reconstruction Market Dynamics
Knee reconstruction is a fully mature market that is expected to grow moderately during the forecast period due to the growing aging population, a trend towards early surgical intervention in younger patients, and further improvements in insurance coverage in emerging countries. However, as health executives are scrutinizing purchases and using multiple channels to procure orthopedic devices at highly competitive prices. This, in turn, is slowing down the revenue growth in the global large joint reconstruction space.
Knee Reconstruction Market Segmentation by Regions
The key regions in the knee reconstruction market are North America, Europe, Asia Pacific, South America, and the Middle East & Africa. In 2023, North America dominated the overall knee reconstruction market primarily due to the rise in the aging population and the desire of these patients to maintain an active and productive lifestyle. This has led to continued, though slow, growth in the market, which will continue throughout the forecast period. However, downward pricing pressures that offset the rise in procedure volumes and cost-containment initiatives directly impact the adoption of premium-priced devices and technologies, which will hinder the market growth in the coming years.
Knee Reconstruction Market Analysis, by Regions, 2023 (%)
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Knee Reconstruction Market Segments
The key segments in the knee reconstruction market are partial knee replacement procedures, primary knee replacement procedures, and revision knee replacement procedures . Primary knee replacement procedures accounted for the highest share of the knee reconstruction market in 2023. Primary knee replacement, also known as total knee arthroplasty or total knee replacement consists of four components such as metal femoral component, a metal tibial component, a polyethylene inserts or spacer, and a patellar component.
Knee Reconstruction Market Analysis, by Segments 2023 (%)
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Knee Reconstruction Market - Competitive Landscape
A few of the leading companies in the Spirometer market are:
- Zimmer Biomet Holdings Inc
- DePuy Synthes Inc
- Smith & Nephew Plc
- Braun Melsungen AG
- MicroPort Scientific Corp
Zimmer Biomet Holdings Inc dominated the market in 2023, followed by DePuy Synthes Inc.
Knee Reconstruction Market Analysis, by Companies 2023 (%)
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Segments Covered in the Report
Knee Reconstruction Segments Outlook (Value, $ Million, 2015-2033)
- Partial Knee Replacement Procedures
- Primary Knee Replacement Procedures
- Revision Knee Replacement Procedures
Knee Reconstruction Regional Outlook (Value, $ Million, 2015-2033)
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
Key Inclusions
Currently marketed knee reconstruction and evolving competitive landscape:
- Insightful review of the key industry trends.
- Annualized total knee reconstruction market revenue by segment and market outlooks from 2015-2033.
- Market-level data on units, average selling prices, and market values.
Global, Regional, and Country level market specific insights:
- Qualitative market-specific information is available with global trends further broken down into regional trends. In addition, GlobalData analysts provide unique country-specific insights on the market.
- SWOT analysis for the knee reconstruction market.
- Competitive dynamics insights and trends provided for the knee reconstruction market.
Understand the market by getting the veritable big picture including an overview of the healthcare system. In addition, the Market Access segment allows you to delve deeper into market dynamics with information on reimbursement policies and the regulatory landscape.
- Country-specific overview of the healthcare system.
- Country-specific reimbursement policies.
- Country-specific medtech regulatory landscape.
Robust methodologies and sources enable the model to provide an extensive and accurate overview of the market. Demand and supply-side primary sources are integrated within the syndicated models, including Key Opinion Leaders. In addition, real-world data sources are leveraged to determine market trends; these include government procedure databases, hospital purchasing databases, and proprietary online databases.
Companies covered: Zimmer Biomet Holdings Inc, Stryker Corp, DePuy Synthes Inc, Smith & Nephew Plc, B.Braun Melsungen AG, MicroPort Scientific Corp, Limacorporate SpA, Exatech Inc, Waldemar Link GmbH & Co KG, Medacta International SA, Corin Group Ltd, Amplitude SAS, Mathys AG Bettlach, United Orthopedic Corp, Baumer SA, Corentec Co Ltd, Kyocera Medical Technologies Inc, and Others.
Countries covered: United States, United Kingdom, Germany, France, Italy, Spain, Brazil, China, India, Russia, Japan, Australia, Canada, Mexico, South Korea, Denmark, Ireland, Netherlands, New Zealand, South Africa, Sweden, Switzerland, Austria, Belgium, Finland, Israel, Norway, Poland, Portugal, Taiwan, Czech Republic, Greece, Hungary, Turkey, Egypt, Saudi Arabia, United Arab Emirates, Argentina and Chile.
Scope
This report provides:
- Insightful review of the key industry trends.
- Annualized total knee reconstruction market revenue by segment and market outlooks.
- Market-level data on units, average selling prices, and market values.
- Global, regional, and country-level market-specific insights including qualitative market-specific information with global trends further broken down into regional trends. In addition, GlobalData analysts provide unique country-specific insights on the market.
- SWOT analysis for the knee reconstruction market.
- Competitive dynamics insights and trends provided for the knee reconstruction market.
- Country-specific overview of the healthcare system.
- Country-specific reimbursement policies.
- Country-specific medtech regulatory landscape.
Reasons to Buy
The model will enable you to:
- Understand the impact of COVID-19 on the knee reconstruction market.
- Develop and design your in-licensing and out-licensing strategies through a review of pipeline products and technologies, and by identifying the companies with the most robust pipeline.
- Develop business strategies by understanding the trends shaping and driving the knee reconstruction market.
- Drive revenues by understanding the key trends, innovative products and technologies, market segments, and companies likely to impact the knee reconstruction market in the future.
- Formulate effective sales and marketing strategies by understanding the competitive landscape and by analyzing the company’s share of market leaders.
- Identify emerging players with potentially strong product portfolios and create effective counterstrategies to gain a competitive advantage.
- Track device sales in the global and country-specific knee reconstruction market from 2015-2033.
- Organize your sales and marketing efforts by identifying the market categories and segments that present maximum opportunities for consolidations, investments, and strategic partnerships.
Stryker Corp
DePuy Synthes Inc
Smith & Nephew Plc
B. Braun Melsungen AG
MicroPort Scientific Corp
Limacorporate SpA
Exactech Inc
Waldemar Link GmbH & Co KG
Medacta International SA
Corin Group Ltd
Amplitude SAS
Mathys AG Bettlach
United Orthopedic Corp
Baumer SA
Corentec Co Ltd
Kyocera Medical Technologies Inc
Others
Frequently asked questions
-
What was the knee reconstruction market size in 2023?
The knee reconstruction market size was $864.4 million in 2023.
-
What will the knee reconstruction market growth rate be in the forecast period?
The knee reconstruction market is expected to grow at a CAGR of more than 2% during 2023-2033.
-
Which region dominated the knee reconstruction market in 2023?
North America dominated the overall knee reconstruction market in 2023.
-
Which segment led the knee reconstruction market in 2023?
The primary knee replacement procedures segment led the market in 2023.
-
Which are the leading companies in the knee reconstruction market?
A few of the leading companies in the knee reconstruction market are Zimmer Biomet Holdings Inc, DePuy Synthes Inc, Smith & Nephew Plc, B. Braun Melsungen AG, MicroPort Scientific Corp among others.
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