The global knee replacement market is predicted to reach a valuation of US$ 9.4 billion in 2022, with a projected compound annual growth rate (CAGR) of 4.1% during the forecast period from 2023 to 2030.
The report on the Knee Replacement Market provides a comprehensive analysis of various industry aspects such as market size, status, trends, and forecasts. It also highlights the competitive landscape and growth opportunities with key market drivers. The study thoroughly examines the Knee Replacement market, segmented by companies, regions, types, and applications.
Knee replacement also referred to as knee arthroplasty or total knee replacement, is a surgical procedure that aims to repair a knee damaged by arthritis. The surgery involves replacing the kneecap and the caps on the ends of the bones that form the knee joint with metal and plastic components. This procedure may be considered for individuals with severe knee injuries or arthritis. The main objective of knee replacement surgery is to resurface the damaged parts of the knee joint and alleviate persistent knee pain that has not responded to other treatments.
Some major companies in the Knee Replacement Market include Zimmer Biomet, Stryker Corporation, Smith & Nephew Plc, Johnson & Johnson Services Inc., B. Braun Melsungen AG, Medacta International, MicroPort Scientific Corporation, ConforMIS, Inc., Corin Group, Exactech, Inc., DJO Global, Inc., Baumer Holding AG, SurgTech Inc., Wright Medical Group N.V., and X.NOV.
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