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The cementless total knee arthroplasty (TKA) market is estimated to grow by USD 2,408.49 million at a CAGR of 22.15% between 2022 and 2027. The growth of the market depends on several factors, including the rising number of people diagnosed with arthritis, the rise in the number of sports injuries, and increasing government support to meet healthcare needs.
It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The rise in the number of sports injuries is notably driving market growth. Inflammation, pain, and stiffness in the joints are symptoms of the condition known as arthritis. Any joint in the body may be impacted by arthritis. According to the Centers for Disease Control and Prevention (CDC), the prevalence of arthritis in the United States is expected to increase in the future. The number of adults diagnosed with arthritis in the country is estimated to increase from 54.4 million between 2013 and 2015 to 78.4 million in 2020. According to the National Institutes of Health (NIH), the prevalence of symptomatic knee osteoarthritis in the United States is about 10% in men. and 13% in women in adults over 60 years of age.
An aging population and an increase in orthopedic diseases such as arthritis are leading to a large number of replacement surgeries. As the number of people diagnosed with arthritis increases each year, the need for these increases worldwide. This increases the demand for cementless TKA. Such factors are expected to drive the growth of the global cementless knee arthroplasty (TKA) market during the forecast period.
Increasing demand for 3D-printed knee implants is the key trend in the market. 3D printing is increasingly used to produce standard-sized, patient-specific for people with typical bone and joint anatomy, and custom 3D-printed for people with bone or joint deformities. The additive manufacturing of 3D printing allows doctors to produce these customs with any complex shape or geometric feature. The ability to quickly produce customized surgical implants solves a major problem in orthopedics, where traditional implants are often insufficient for many patients, especially in complex cases. They can restore normal anatomy, joint line position, and joint function, which can lead to more normal kinematics.
In addition, one of the biggest advantages of these is the theoretical complete coverage of the resected bone, which reduces over- or under-stretching and size compromises. In addition, other benefits of these include more normal regeneration of the femur, better coverage of the tibial plateau, and a reduced need for blood transfusions. Because of such advantages, many end users such as hospitals and orthopedic clinics are increasingly using 3D printing.
The high cost of cementless TKA is the major challenge impeding market growth. Medical bills and the high cost involved in postoperative care followed by these as they are the most important challenges for global market. In the United States, the average cost of a TKA is about USD50,000. Although US Medicare covers a significant portion of patient care costs, such services are not available to the majority of the world's population. In countries like India and Thailand, where the cost of TKA is significantly lower than in the US and European countries, most people cannot afford these operations due to their low income. Health insurance is also very limited in most developing countries in Asia, Africa and South America. In addition, cementless TKA is more complex than cemented arthroplasty. Thus, the price of cementless TKA is significantly higher. This limits the global use of this technique among patients.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
B. Braun SE - The company offers the latest developments and technology in the hospital care segment. Under this segment, the company offers products and services for patients, especially for infusion therapy, nutrition therapy, and pain therapy. Its products include infusion and nutrition solutions, as well as specific medications.
The market report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market share growth of the fixed-bearing segment will be significant during the forecast period. In a fixed-bearing knee implant, the plastic spacer that facilitates the movement of implant components is permanently fixed to the tibial component of the total knee replacement implant. The fixed-bearing platform is used as a standard for many of these because of its simple design and low cost compared with mobile-bearing/rotating-platform implants. Its simple design reduces the surgical complexity caused due to movement within a fixed axis. These above mentioned factors will facilitate the market growth during the forecast period.
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The fixed-bearing segment was valued at USD 361.54 million in 2017 and continued to grow until 2021. Researchers have developed highly cross-linked polyethylene for implants. It reduces the chances of oxidation and surface wear, making fixed-bearing implants as reliable as mobile-bearing TKA implants. The fixed-bearing TKA implant design is widely used by generic knee implant companies, which manufacture implants for price-sensitive consumers in developing countries. The potential opportunities from emerging economies will increase market growth during the forecast period.
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North America is estimated to contribute 39% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The market in North America is primarily driven by the US, followed by Canada. The two countries have publicly funded healthcare systems, where the government Medicare covers the majority of the cost of medical treatment, surgeries, and orthopedic implants. Thus, the number of patients undergoing TKA is relatively high in the US and Canada compared with other countries in the region. The increased awareness about implant surgeries among healthcare professionals and patients and the greater penetration of advanced medical facilities support the market growth in these countries.
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
The Market is experiencing significant growth due to advances in fixation materials, particularly porous metals that promote osseointegration and improve implant survivorship. Press-fit fixation techniques are gaining popularity, driven by the need to address the rising prevalence of knee osteoarthritis.
Advancements in implant design, materials, and surgical methods are enhancing outcomes and expanding the market. Factors such as obesity are driving demand for cementless implants, which offer advantages over cemented implants including improved biocompatibility and wear resistance. The market is also witnessing a shift towards mobile bearings and fixed bearings, as well as the use of ceramics and alloys for improved performance. With a focus on improving patient outcomes and reducing recovery times, cementless TKA is increasingly being performed as an outpatient procedure, driving growth in the market.
Cementless Total Knee Arthroplasty (TKA) Market Scope |
|
Report Coverage |
Details |
Page number |
165 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 22.15% |
Market growth 2023-2027 |
USD 2,408.49 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
20.56 |
Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
Performing market contribution |
North America at 39% |
Key countries |
US, Germany, France, Italy, and UK |
Competitive landscape |
Leading companies, Market Positioning of companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Aesculap Implants Systems LLC, Allegra Orthopaedics Ltd., B. Braun SE, Beijing Chunlizhengda Medical Instruments Co. Ltd., C2F Implants, Conformis Inc., Corin Group Plc, DJO Global Inc., Euromed Implants GmbH, Exactech Inc., GROUP FH ORTHO, Johnson and Johnson, Medacta Group SA, MicroPort Scientific Corp., Smith and Nephew plc, Stryker Corp., Symbios Orthopedie SA, United Orthopedic Corp., Waldemar Link GmbH and Co. KG, and Zimmer Biomet Holdings Inc. |
Market dynamics |
Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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