Artificial Knee Joint Market Scope
The global artificial knee joint market is expected to witness high growth in the forecasted period due to an increase in the number of knee-related disorders, obesity, accident cases, the rise in the demand for knee implants, availability of advanced designs. Growing geriatric population and rising number of knee implant surgeries driving the demand for artificial knee joint. Further, technological advancement in the artificial knee joint process will boost the market over the forecasted period.
The Artificial Knee Joint market study is segmented, by Application (Hospitals, Specialized Orthopedic Clinics and Ambulatory Surgical Centers) and major geographies with country level break-up.
Leading global players are focusing on strategic partnerships to improve their products and services. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Artificial Knee Joint market throughout the predicted period.
B. Braun Holding GmbH & Co. KG (Germany), Smith and Nephew (United Kingdom), Zimmer Biomet Holding Inc. (United States), Stryker (United States), Exactech, Inc. (United States), Johnson & Johnson (United States), DJO Surgical (United States), Medtronic (Ireland), BD (United States), Arthrex (United States) and ConforMis (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are MicroPort Scientific Corporation (China) and OMNI life science (United States).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
AdvanceMarketAnalytics has segmented the market of Global Artificial Knee Joint market by Type, Application and Region.
On the basis of geography, the market of Artificial Knee Joint has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
In Feb 2020, RSIP Vision introduced a computer vision technology to better visualize bones ahead of knee and hip replacement procedures to minimize human error., and In Jan 2019, Lidakang Technology, a Chinese artificial joints provider, raised USD 16 Million in a Series A funding from state-backed venture capital firm, Shenzhen Capital Group.
- Technological Advancement in the Knee Implant Techniques
- Emergence of Mako Robotic-Arm Assisted Technology for Joint Replacement
- Growth in Geriatric Population
- Increasing Prevalence of Orthopedic Disorders
- High Demand due to Advancement in the Orthopedics Implants
- Growing Healthcare Infrastructure in the Developing Economies
- High Growth in Emerging Market
- Stringent Government Regulations Regarding the Medical Devices
- High Cost of the Knee Replacement Surgeries
- Lack of Awareness in the Emerging Economies
Key Target AudienceNew Entrants/Investors, Analysts and Strategic Business Planners, Artificial Knee Joint Provider, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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