MediPoint: Total Knee Replacement – Global Analysis and Market Forecasts

2017-05-01
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Published : May-2017
No. of Pages : 0

MediPoint: Total Knee Replacement – Global Analysis and Market Forecasts

Summary

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.

It is estimated that sales of total knee replacement implants to be approximately US$6.53B in 2016. This market will grow at a CAGR of 3.1% over the forecast period, reaching sales of US$8.10B by 2023. Knee reconstruction is a fully mature market that has experienced no major innovation over the last decade other than incremental improvements.

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.

APAC Total Knee Replacement (TKR) market is projected to grow at a CAGR of 6.8% in the forecast period. Followed by, South America and Middle Eastern and Africa are projected to grow at a CAGR of 5.4% and 5.2%. North America and Europe TKR market is projected to grow at a CAGR of 2.2% and 1.0% respectively. China represented the largest portion of the market in 2016, accounting for almost 40% of the regional revenue, and is expected to maintain this dominance through the forecast period. India is expected to be the fastest-growing market through 2023, with a CAGR of 12.9%, while the slowest growth will be observed in Japan with a CAGR of 0.6%.

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.

The report “MediPoint: Total Knee Replacement – Global Analysis and Market Forecasts” focuses on the market outlook for Total Knee Replacement (TKR) devices globally (39 Countries). 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 region.

In depth, 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.

*Note: This is an on-demand report and will be delivered within 3 working days (excluding weekends) of the purchase.

Scope

– Outlook of sales volume, pricing trends, revenue trends with 2016 as base year and forecasts until 2023, for total knee replacement implants.
– Company share analysis in 2016, for total knee replacement implants.
– Market insights and competitive assessment of the key players within the total knee replacement market.

Reasons to buy

– Identify the unmet needs with the current generation of knee replacement implants and understand how emerging technologies will meet these unmet needs.
– Drive revenues by understanding the key trends, innovative products and technologies, market segments, and companies likely to impact the knee replacement market in the future
– Formulate effective sales and marketing strategies by understanding the competitive landscape and analyzing the performance of various competitors

Filed in: Medical Device, Orthopedic Devices
Publisher : GlobalData
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