Knee Reconstruction Market by Product and Geography - Forecast and Analysis 2020-2024

The global knee reconstruction market size has the potential to grow by USD 2.10 billion during 2020-2024. The market’s growth momentum will accelerate throughout the forecast period.

This report provides a detailed analysis of the market by geography (Asia, Europe, North America, and ROW) and product (fixation devices and bone grafts). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Arthrex Inc., CONMED Corp., Corin Group Plc, Johnson & Johnson Services Inc., LifeNet Health Inc., Medtronic Plc, OrthoPediatrics Corp., Smith & Nephew Plc, Stryker Corp., and Zimmer Biomet Holdings Inc. 

Market Overview

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Market Competitive Analysis

The knee reconstruction market is moderately fragmented. However, the degree of fragmentation will decrease during the forecast period because critical vendors are focusing on inorganic growth strategies such as mergers and acquisitions, collaborations, and partnerships to leverage technological advances, launch advanced products and expand their portfolios, and improve their market foothold across geographies. Arthrex Inc., CONMED Corp., Smith & Nephew Plc, Stryker Corp., and Zimmer Biomet Holdings Inc. are a few of the significant market participants.

Although the accelerating market growth momentum will offer immense business opportunities, product recalls will challenge the growth of the vendors. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market positions, this knee reconstruction market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of the companies. The report also covers details on the market’s competitive landscape and provides information on the products offered by various companies. This knee reconstruction market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading knee reconstruction companies, including:

• Arthrex Inc.
• CONMED Corp.
• Corin Group Plc
• Johnson & Johnson Services Inc.
• LifeNet Health Inc.
• Medtronic Plc
• OrthoPediatrics Corp.
• Smith & Nephew Plc
• Stryker Corp.
• Zimmer Biomet Holdings Inc.  

Knee Reconstruction Market: Segmentation by Region

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North America was the largest market for knee reconstruction in 2019. The rising prevalence of knee injuries, product launches, and initiatives by governments and non-profit organizations for creating awareness about the treatment and insurance coverage are contributing to the global knee reconstruction market growth in the region.

Over 44% of the overall market growth will originate from North America during the forecast period. The rising funding for research on ACL reconstruction and increasing regulatory approval of knee construction devices will boost the market growth in North America. The US is one of the critical markets for knee reconstruction in the region. Over the forecast period, market growth in North America will be slower than the growth of the market in Europe and Asia.

Knee Reconstruction Market: Segmentation by Product

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The rising incidence of ACL injuries has increased the need for knee construction surgeries. As a result, the demand for fixation devices has increased. Vendors catering to the knee fixation devices market are also collaborating with pediatric surgeons to develop ACL reconstruction systems, which are designed specifically for pediatric patients.

The growth rate of the knee fixation devices market segment is expected to be slower compared to that of the bone grafts segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the knee reconstruction market size.

Knee Reconstruction Market: Key Drivers and Trends

In countries such as the US, the number of individuals with ACL injuries is high, which has created a significant demand for knee construction devices. It has been identified that pediatric and adolescent ACL injuries are rising across the world, owing to the increasing number of children and young adults participating in sports and other physical activities. Vendors are capitalizing on this situation and are focusing on developing technologically advanced orthopedic devices for pediatric patients. The launch of new products is also aimed at expanding their product portfolios and increasing sales. For instance, Johnson & Johnson Services launched a graft prep system, SPEEDTRAP, which can easily suture a tendon end without using a needle. These factors are expected to contribute significantly to the knee reconstruction market growth during the forecast period.

• The integration of software tools in knee reconstruction surgeries is one of the significant knee reconstruction market trends.
• Robotic surgeries promote higher accuracy in femoral rotational alignment compared with conventional surgery.
• Surgeries with robot assistance reduce the dependence of procedural outcomes on the expertise of surgeons.
• The increasing awareness of the overall accuracy and precision of implant placement in robotic knee surgeries has increased sales for vendors.
• Key players are integrating their systems with software tools such as RADAR or AI-enabled software.
• The knee reconstruction market size is expected to register a CAGR of over 4% during 2020-2024.

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Knee Reconstruction Market: Key Highlights of the Report for the Forecast Period 2020-2024

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will accelerate the growth of the knee reconstruction market during the next five years
• Precise estimation of the global knee reconstruction market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the knee reconstruction industry in Asia, Europe, North America, and ROW
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of knee reconstruction vendors

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