Global Cementless Total Knee Arthroplasty Market Report By Product (Total Cementless Total Knee Arthroplasty, Partial Cementless Total Knee Arthroplasty, Kneecap Replacement, Complex (or Revision) Cementless Total Knee Arthroplasty), By Implant Type (Fixed-bearing Implants, Mobile-bearing Implants, Medial Pivot Implants, Others), By End-User (Hospitals, Orthopaedic Centers, Other) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2022-2030
Global Cementless Total Knee Arthroplasty Market Overview
The key driver impacting the cementless total knee arthroplasty market is the high prevalence of knee-related diseases such as osteoporosis, osteoarthritis, psoriatic rheumatoid arthritis, and arthritis that provides a rise in several cementless total knee arthroplasty procedures globally. For instance, the Osteoporosis foundation report estimations, Globally, osteoporosis causes more than 8.9 million fractures annually, resulting in an osteoporosis fracture every 3 seconds. It is expected to affect over 200 million women globally. It causes almost two-thirds of women aged 90, two-fifths of women aged 80, one-fifth of women aged 70, and one-tenth of women aged 60. Osteoporosis affects around 75 million people in the USA, Europe, and Japan. Globally, osteoarthritis (OA) ranks fifth among all forms of disability. It's the most common joint disease of the developed world and a leading cause of chronic disability, primarily driven by the higher prevalence of knee OA and hip OA. In developed nations, OA is one of the 10 most common disabilities in older people, particularly those who remain active in the workforce. As the world's age population constantly rising, it is predicted that degenerative joint disease disorders like Osteo Arthritis will impact around 130 million individuals by 2050. In 2016, at least 15% of all adults over the age of 60 were believed to experience OA. Moreover, growing technological advancements and a high need for personalized and patient-specific implants are estimated to be a significant factors contributing to market growth.
According to Value Market Research, the global cementless total knee arthroplasty market size was valued at around USD 9750 million in 2020 and is projected to grow at a CAGR of about 4.25% during the forecast period of 2021 to 2027.
The rise in the aging population is estimated to augment cementless total knee arthroplasty demand in the forecast period. As per the United Nations Organisations Report, in 2017, the population aged 60 years or over was 962 million in 2017 globally. It is over twice as enormous as in 1980 when there were only 382 million older persons globally. The older person number is anticipated to get double by 2050, with nearly 2.1 billion. The augmenting number of cementless total knee arthroplasty surgeries globally is creating a positive impact on the market growth. For instance, As per the Agency for Healthcare Research and Quality, in the year 2017, over 754,000 total knee replacement surgeries were accomplished in the United States. Almost 800,000 cementless total knee replacement surgeries are currently get performed year in the U.S. The surgery is usually performed in older adults whose knees have worn down over time. However, the high cost associated with cementless total knee arthroplasty surgeries, especially in developing economies, may hamper the global cementless total knee arthroplasty market in the long run. Also, the increased number of knee implant recalls is negatively impacting the market. The current industry trends, such as emergent infection rates contributing to rising knee revisions, and bicruciate-retaining total knee arthroplasty are expected to provide market players with new market opportunities.
The cementless total knee arthroplasty market is vast, with many local and global players. The cementless total knee arthroplasty market is extensive, with many local and international players. The key leaders follow several strategies to advance their market position, such as extending product portfolio, amalgamation, contracts, product upgrades, and acquisitions, to augment their market share across the globe. The significant players studied in the report are MicroPort Scientific Corp., Stryker Corporation, Waldemar Link GmbH and Co. KG, B. Braun Melsungen AG, GROUP FH ORTHO, Corin Group plc,Smith & Nephew plc, United Orthopedic Corporation, Zimmer Biomet Holdings, Inc., Corin Group plc, GROUP FH ORTHO, and Johnson & Johnson.
In this research report, the cementless total knee arthroplasty market is segmented by product, implant type, end-user, and region.
Analysis by Product:
By Product, the report is segmented into total cementless total knee arthroplasty, partial cementless total knee arthroplasty, kneecap replacement, complex (or revision) cementless total knee arthroplasty. The total cementless total knee arthroplasty dominates the product segment with a 40% share in 2020. It is due to the mounting geriatric population worldwide has led to an increase in several total knee arthroplasty surgeries. Moreover, total cementless total knee arthroplasty provides more benefits than partial cementless total knee arthroplasty, such as improved mobility, Better treatment response, and high success and satisfaction rates, adding growth to the total cementless total knee arthroplasty surgery in the forecast period.
Analysis by Implant Type:
By implant type, the report is segmented into fixed-bearing implants, mobile-bearing implants, medial pivot implants, and others. The fixed-bearing implants dominate the implant type segment with a 35% share in 2020. It is due to the huge adoption of fixed-bearing implants due to their high success rates. For instance, As per the NIH study report 2016, Conventional fixed bearing (FB) total knee arthroplasty (TKA) showed a proven clinical success over time. However, most of the patients involved in long-term survival studies have been elderly individuals with low activity. Moreover, these implants are long-lasting, provide good motion, and most popular implants among consumers, thus driving demand for the fixed-bearing implants in the forecast period.
Analysis by End-User:
By end-user, the report is categorized into Orthopaedic centers, hospitals, and other end users. The hospital segment dominates the end-user segment with a 42.5% share in 2020. Hospitals are the primary centers for major cementless total knee arthroplasty surgeries, and it has additional provision and intensive care provided post-surgical procedures. Moreover, the presence of advanced healthcare settings and skilled surgeons contributes to the hospital segment's growth in the forecast period.
Analysis by Region:
In the regional outlook of the global cementless total knee arthroplasty market, the North America region dominates with a 45% market share during the forecast period. It is due to the increase in the prevalence of people suffering from knee joint disorders and growing awareness about total cementless total knee arthroplasty treatments in the country. Also, growing technological advancements in the country have improved the penetration of robot-assisted surgeries. Moreover, the presence of key players, rising healthcare expenditure, and favorable reimbursement scenario in the country contribute to the high demand for the cementless total knee arthroplasty market in North America.
Market Segmentation covered in the Report: By Product
Total Cementless Total Knee Arthroplasty
Partial Cementless Total Knee Arthroplasty
Complex (or Revision) Cementless Total Knee Arthroplasty
By Implant Type
Medial Pivot Implants
Middle East and Africa
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1 . PREFACE
1.1. Report Description
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3 . CEMENTLESS TOTAL KNEE ARTHROPLASTY – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.5. Industry Trends
3.6. Porter's Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 By Product
3.7.2 By Implant Type
3.7.3 By End-User
3.7.4 By Region
4 . VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
5.1. Impact Analysis of Covid-19 Outbreak
5.1.1. Direct Impact on Production
5.1.2. Supply Chain and Market Disruption
5.1.3. Financial Impact on Firms and Financial Markets
5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand