Knee replacement, also known as knee arthroplasty or total knee replacement, is a surgical process to resurface a knee damaged by arthritis. Metal and plastic parts are used to cap the ends of the bones which form the knee joint, accompanied by the kneecap. This surgery may be considered for someone who has a severe knee injury or severe arthritis. Furthermore, it is one of the most common bone surgeries in the world. Whether one need the surgery is a decision that the person and doctor, an orthopedic surgeon, carefully make together.This growth is primarily driven by Rising Geriatric Population across the Globe and Rising Government Reimbursement Plans.
Globally, a noticeable market trend is evident Technological Advancements in the Surgery Devices. Major Players, such as Stryker Corporation (United States), Zimmer Biomet (United States), B. Braun Melsungen AG (Germany), Smith & Nephew (United Kingdom), ConfirMIS, Inc (United States), Medacta (Switzerland), Depuy Synthes (United States), Exactech, Inc (United States), MicroPort Scientific Corporation (China) and Corin Group (United Kingdom) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
On July 26, 2019 - Medacta International today announced the official opening of Medacta’s US headquarters in Franklin. Medacta USA is a subsidiary of Medacta International, a global company specializing in the design and production of innovative joint replacement and spine surgery products.
In order to be legally marketed in the United States, many medical devices must be reviewed by the Food and Drug Administration (FDA), the agency responsible for protecting the public health by overseeing medical products. FDA’s Center for Devices and Radiological Health (CDRH) is primarily responsible for medical device review.
- Rising Geriatric Population across the Globe
- Rising Government Reimbursement Plans
- Technological Advancements in the Surgery Devices
- High Costs Related to Surgery
Growing Healthcare Infrastructure in Developing Region
The threat of Complications after Surgery
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