20 likes | 26 Views
Global Knee Replacement Market to Exhibit a CAGR of 4.3% Driven by the High Prevalence of Osteoarthritis , Knee Replacement Procedure on the Rise; Increasing Awareness Regarding Knee Disorders to Fuel Demand , says Fortune Business Insights
E N D
Title : Global Knee Replacement Market to Rise at 4.3% CAGR; Increasing Number of FDA Clearances to Provide Impetus toGrowth Global Knee Replacement Market is Projected to Reach USD 12.72 by2026 Description : Global Knee Replacement Market to Exhibit a CAGR of 4.3% Driven by the High Prevalence of Osteoarthritis , Knee Replacement Procedure on the Rise; Increasing Awareness Regarding Knee Disorders to Fuel Demand , says Fortune BusinessInsights Content: The global knee replacement marketwill derive growth from recent advancements in the material associated with the surgical procedures. According to a report published by Fortune Business Insights, titled “Knee Replacement Market Size, Share & Industry Analysis, By Procedure (Total Knee Arthroplasty, Partial Knee Arthroplasty, and Revision Arthroplasty) By Implant Type (Fixed Bearing, Mobile Bearing, and Others) End-user (Hospitals, Orthopedic Clinics, Ambulatory Surgical Centres, and Others) and Regional Forecast, 2019-2026,” the market size was USD 9.06 Bn in 2018 and is projected to reach USD 12.72 billion by 2026, exhibiting a CAGR of 4.3% during the forecastperiod. An Overview of the Impact of COVID-19 on thisMarket: The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses acrossindustries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by thepandemic. We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of corona virus outbreak across industries to help you prepare for thefuture. Click here to get the short-term and long-term impact of COVID-19 on this[Market]. For More Information : https://www.fortunebusinessinsights.com/industry-reports/knee- replacement-implants-market-101244 Recent material innovations in the equipment associated with knee replacement surgeries have opened up a huge potential for the growth of the market in the coming years. The growing adoption of robotic-assisted knee surgeries will lead to an increase adoption across the world. The high prevalence of knee osteoarthritis will create several opportunities for growth for the companies operating in the market. According to the Osteoarthritis Research Society International (OARSI), the prevalence of osteoarthritis will reach 5% in the coming years. Furthermore, the increasing aging population, coupled with increasing incidence of obesity will contribute to the growth of the market in the comingyears. Increasing Number of Usage Clearances to Aid MarketGrowth
The report provides a detailed analysis of several factors that have made a positive impact on the market in recent years. The high demand for knee replacement procedures has encouraged regulatory authorities to approve newer products. The increasing number of regulatory clearances will aid the growth of the market in the coming years. In October 2019, Think Surgical announced that it received approval from the Food and Drug Administration for its latest knee replacement solution. The company announced the approval for TSolution One System, a knee replacement procedure. The report highlights major FDA approvals of recent years and gauges the impact of these clearances on the globalmarket. North America to Emerge Dominant in the GlobalMarket The report segments the market on the basis of regional demographics into North America, Latin America, Europe, Asia Pacific, and Middle East and Africa. Among these regions, North America will exhibit the highest growth rate in the coming years. Increasing penetration of computer-aided implant designs will create several growth opportunities for the companies operating in the market. The improving health reimbursement scenario will lead to an increased adoption for knee replacement surgeries across the world. Besides North America, the market in Europe will exhibit considerable CAGR in the coming years, driven by advances in material designs and innovations in surgicalprocedures. More Trending Topics from Fortune BusinessInsights: Immunology Market, Share, Growth, Sales and Drivers Analysis Research Report2026 Immunology Market to Reach US$ 143,833.2 Mn by 2026; Improvements in Drug Efficacies Will Enable Growth, says Fortune BusinessInsights