The report, titled "Global Knee Implant Market" analyzes the market for knee implants globally by type, procedure type, material, end use, and region. A thorough report offers complete historical and forecasts market size along with trends analysis. Market share analysis, the production capabilities of the leading firms, a summary of market strategy and growth potential areas, and an analysis of competition for key players are examined in the study of the global knee implant market.

The Market and its Dynamics: The growth of the Knee Implants Market is likely to be supported by increasing adoption of replacement devices and minimally invasive surgeries

The global market for knee implants is projected to grow by around 9.3 percent during the period 2022-2028. The ever-growing obesity rate and degenerative illnesses in the global population are expected to increase the need for knee implants in the coming future. Additionally, the fact that younger people suffer from joint injuries at a young age due to sporting activities, as well as everyday damage, they are expected to drive the need for knee implants in the coming years.

• Moreover, the newest technology in the knee implant market, such as robotics aids surgeons in the placement of implants, the advancement of custom-designed replacement implants, along with the development of implant materials that are enhanced technologically, is anticipated to gain significant growth in the knee replacement market.
• In addition, robotic technology is enhancing the accuracy of surgical procedures and reducing the need for doctors to results from surgery. However, the use of precious metals for the production of these implants, when combined with new technologies, makes the devices costly. Additionally, consideration of various laws enforced by governments that require certification for these items adds to expensive costs.
• Furthermore, the growing awareness of the various available treatments and the growing number of geriatric patients among others is expected to fuel the rapid growth of the knee implant market globally. 

Segmental Analysis

• Based on type, conventional knee implants hold a prominent share of the market. However, smart knee implants are slowly gaining traction in the global knee implants market owing to the growing awareness among the global population about the development of smart knee implants.
• Based on the End user, hospitals, and clinics are anticipated to hold a dominant share in the market as hospitals are well equipped with all necessary equipment needed for treatment and other related purposes.

Competition Analysis: Smart knee implants to lead the growth of the global knee implant market in the upcoming years

Due to the presence of many well-established companies in the global knee implant market, there is intense competition in the global knee implant market. The global knee implant market is expected to witness a pool of export opportunities due to the increasing prevalence of knee disorders, flourishing medical tourism, rise in disposable incomes, and gradually improving healthcare infrastructure.

Acquisitions, product launches, and partnerships are the identified industry trend in the global knee implant market. Significant market activities are expected in the global knee implant market during the forecaste period 2022-2028.

• In August 2021, The US Food and Drug Administration (FDA) awarded a De Novo classification grant authorization to Zimmer Biomet and Canary Medical to market the tibial extension for Persona IQ for total knee replacement surgery.
• In March 2021, Zimmer Biomet delivered multiple robotics launches, debuted the world’s first-and-only “smart” knee implant, offered new functionality with mymobility®, and unveiled our ZBEdge™ ecosystem of connected technologies.

Some of the prominent players that contribute significantly to the global Knee Implant include Zimmer Biomet, ConforMIS, DePuy Synthes, MicroPort Scientific Corporation, Stryker Corporation, Exactech Inc, Medacta, Aesculap Implants Systems LLC, Kinamed, CONMED, Omnilife sciences Pvt Ltd, Smith Nephew Plc, Johnson Johnson, Integra Life Sciences Corporation, Corin Group, and B Braun Melsungen AG among Others.

RationalStat has segmented the global knee implant market on the basis of type, procedure type, material, end use, component, and region.

• By Type
  • Conventional Knee Implants
  • Smart Knee Implants
• By Procedure Type
  • Total Knee Replacement
  • Partial Knee Replacement
  • Revision Knee Replacement
• By Material
  • Stainless Steel
  • Titanium Alloys
  • Polyethylene
  • Cobalt-Chromium Alloys
  • Others (Bone Cement, etc.)
• By End Use
  • Hospitals
  • Ambulatory Service Center
• By Component
  • Fixed Bearing Implants
  • Mobile Bearing Implants
• By Region
  • North America
    • US
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Western Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Benelux
    • Nordic
    • Rest of Western Europe
  • Eastern Europe
    • Russia
    • Poland
    • Rest of Eastern Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • ASEAN (Indonesia, Vietnam, Malaysia, etc.)
    • Rest of Asia Pacific
  • Middle East Africa
    • GCC
    • South Africa
    • Turkey
    • Rest of the Middle East Africa

For more information about this report https://store.rationalstat.com/store/global-knee-implant-market-analysis-forecast/

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