Total Knee Replacement Market analysis research and trends report for 2020- 2026

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Total Knee Replacement Market 2020 to 2026, Key
Industry Players Growth Trends

• Innovations in the healthcare sector aimed at
  providing reliable, simplified and advanced
  treatment has led to technological enhancement of
  implant material with the introduction of
  customized replacement implants, positively
  influencing the global total knee replacement
  market share. Notable benefits provided by knee
  replacement surgery such as the restoration of
  regular functioning of knee has encouraged the
  younger populations to go through the replacement
  surgeries when needed.
• Aging population is highly prone to suffer from
  degenerative diseases such as osteoporosis,
  leading to demand for total knee replacement
  procedures. According to Census Bureau, ageing
  population in the US is estimated to be around 46
  million and will double by 2060.

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• According to reports, in 2016, partial knee
  replacement segment led total knee replacement
  market and is estimated to register notable CAGR
  of more than 3.4 between 2018-2024. Favorable
  regulatory scenario is propelling the industry
  expansion. These include the Hip and Knee
  Replacement Association in the U.S. which has
  enforced regulations on the manufacturers that
  facilitate modifications in partial knee
  replacements, increasing the adoption of the
  system over conventional techniques.

• Currently, 3D printed surgical implants coupled
  with jigs devices and customized inserts are
  being widely adopted in surgeries to provide
  improved results, amplifying global total knee
  replacement market outlook. High costs associated
  with surgical procedures may hamper the market
  growth in the coming years. However, the presence
  of several insurance options and initiatives
  undertaken by the government has resulted in
  lower cost of knee replacement surgeries.

• Benefits offered by the procedures like
  replacement of only damaged components of the
  knee coupled with limited erosion of healthy
  tissues will boost the market trends. Increasing
  number of femur shaft fractures is steering
  femoral knee replacement industry share.
  Reportedly, femoral knee replacement market size
  is estimated to grow with a CAGR of 3.7 over the
  forecasted timeframe.

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• Regional Analysis

• Robust healthcare sector in the U.S. along with
  high disposable income among people has steered
  innovations in the industry. Moreover, increasing
  geriatric population base across the region
  suffering from degenerative diseases such as
  osteoarthritis and the presence of high-quality
  medical equipment and components will bolster
  total knee replacement market trends in the
  coming years.

• Competitive Analysis

• Some of the leading total Knee replacement market
  players include Stryker, Smith Nephew,
  ConforMIS, B. Braun, Zimmer Biomet, Corin Group,
  Johnson and Johnson and Microport Scientific
  Corporation among others.

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