MediPoint: Total Knee Replacement – Europe Analysis and Market Forecasts

2017-05-01
Price :
Published : May-2017
No. of Pages : 67

MediPoint: Total Knee Replacement – Europe Analysis and Market Forecasts

Summary

European Total Knee Replacement (TKR) market was estimated at US$1,35B in 2016 across the 21 markets covered in this report (Austria, Belgium, Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Netherlands, Norway, Poland, Portugal, Russia, Spain, Sweden, Switzerland, Turkey, and UK). By the end of the forecast period in 2023, it is estimated that the market will grow to approximately US$1.45B at a Compound Annual Growth Rate (CAGR) of 1.0%.

The UK represented the largest portion of the market in 2016, holding more than 17% of the regional revenue, and is expected to maintain this dominance through the forecast period. Switzerland is expected to be the fastest-growing market through 2023, at a CAGR of 2.1%, while the slowest growth will be observed in France with a negative CAGR of 0.4%.

Key drivers of the Total Knee Replacement (TKR) market in the forecast period are –
– Growing prevalence of osteoarthritis (OA) due to the pandemic of aging and obesity
– Continued technological advancements in joint reconstruction surgeries, such as computer-assisted navigation systems and robotic technologies, which keep pushing the frontier of the market
– Major underserved population for joint replacement in late-stage arthritis in the emerging markets, driving procedural numbers up for the knee replacement market
– Healthcare reform and a focus on economical and sustainable modes of treatment
– Commoditization of implant solutions
– Elimination of arbitrary barriers to TKR referrals including that patients lose weight, stop smoking, be under a specified age, or experiencing extreme pain.

After the 2015 megamerger of Zimmer and Biomet, today’s competitive landscape in the global knee reconstruction market is relatively stable, with Zimmer Biomet, the clear leader, representing almost a third of the market. DePuy Synthes, Stryker, and Smith & Nephew are also key competitors in the field, together accounting for about half of total revenues in the sector. The remainder of the market is occupied by several small- to mid-cap orthopedic companies, with MicroPort and Exactech leading the pack. Medtronic recently entered the primary knee arthroplasty market with its purchase of Responsive Orthopedic Knee System.

Total Knee Replacement (TKR) is a viable treatment option for patients whose knees have become excessively worn or degenerated due to osteoarthritis. The direct costs of nonsurgical management (including medication and physical therapy) of knee osteoarthritis, one of the most common joint injuries, pale in comparison to the indirect costs
such as loss of earnings, disability payments, and reduced productivity.

The report “MediPoint: Total Knee Replacement – Europe Analysis and Market Forecasts”, focuses on the market outlook for Total Knee Replacement (TKR) devices in Europe (Austria, Belgium, Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Netherlands, Norway, Poland, Portugal, Russia, Spain, Sweden, Switzerland, Turkey, and UK). The analysis identifies the key unmet needs in the Total Knee Replacement (TKR) market, discusses the major drivers and barriers of adoption, and provides an in-depth understanding of physicians’ perceptions and the future outlook for this market by segment and geography.

In particular, this report provides the following –
– Overview of recent key industry events and analysis of their market impact.
– Annualized total market revenue, procedure trends, and market outlooks by segment and by region through 2023.
– Key topics covered include strategic competitor assessment, market characterization, identification of unmet needs, reimbursement considerations, evaluating market access in each region covered in the report, and implications of the emerging technologies in the market.
– Analysis of the current and future market competition in the global Total Knee Replacement (TKR) market. Insightful review of industry drivers, barriers, and challenges.

Companies mentioned in this report: esculap, DePuy Synthes, Exactech, Lima Corporate, Medacta, Medtronic, MicroPort Orthopedics, Smith & Nephew, Stryker, Waldemar Link, Zimmer Biomet.

Scope

– Overview of recent key industry events and analysis of their market impact.
– Annualized total market revenue, procedure trends, and market outlooks by segment and by region through 2023.
– Key topics covered include strategic competitor assessment, market characterization, identification of unmet needs, reimbursement considerations, evaluating market access in each region covered in the report, and implications of the emerging technologies in the market.
– Analysis of the current and future market competition in the global TKR market. Insightful review of industry drivers, barriers, and challenges.

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Filed in: Medical Device, Orthopedic Devices
Publisher : GlobalData
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