Industry Insights
The global unicompartmental knee prostheses market size will grow by USD 86.87 million during 2019-2023 at a CAGR of almost 4%. The advances in unicompartmental knee prostheses and the rising focus on MI UKR surgeries are some of the factors expected to drive market growth.
This market report provides a detailed analysis of the market by product (MB prostheses and FB prostheses) and geography (Asia, Europe, North America, and ROW). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors including B. Braun Melsungen AG, Johnson & Johnson Services Inc., Smith & Nephew Plc, Stryker Corp., and Zimmer Biomet Inc.
Key Insights from Unicompartmental Knee Prostheses Market – Global Forecast 2019-2023
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The popularity of MI unicompartmental knee replacement (UKR) surgeries is growing across the world. This surgical technique involves the insertion of UKR through a small incision without causing much damage to the surrounding knee muscles and tendons. Patients increasingly prefer MI UKR surgeries over conventional knee replacement procedures because of its faster recovery time, and lesser bleeding, trauma, and pain. Moreover, MI UKR surgeries offer several other benefits, including faster postoperative recovery, and lesser expenses, and hospitalization time. These factors are expected to boost the adoption of MI UKR surgeries. The rising focus on MI UKR surgeries has been identified as one of the critical unicompartmental knee prostheses market trends, which will positively impact the growth of the market.
Increasing investments in R&D by manufacturers has resulted in significant advances in unicompartmental knee replacement surgeries in terms of instrumentation and surgical and fixation techniques. The success rates of unicompartmental knee prostheses have improved significantly because of the better understanding of knee kinematics and indications of unicompartmental knee replacement and the use of robotic-assisted systems in UKR procedures. The development of patient-specific knee implants and prostheses with materials having high wear resistance have also helped in lowering contact stresses, enabling uniform stress distribution, and enhancing the accuracy of prostheses alignment. The development of such technologically advanced unicompartmental knee prostheses will be a significant factor fueling the growth of the market at a CAGR of almost 4% during the forecast period.
Industry Analysis
Quantitative Data
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Qualitative Data
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Product Insights
The unicompartmental knee prostheses product segment has been segregated into MB prostheses and FB prostheses. The MB prostheses segment accounted for the highest unicompartmental knee prostheses market share in 2018. During the forecast period, the segment will grow at a faster pace than the overall market. The FB prostheses segment will grow at a slower pace than the overall market.
The rising awareness about the clinical benefits of MB designs is expected to fuel unicompartmental knee prostheses market growth in this segment. The increasing number of unicompartmental knee replacement surgeries will also boost the popularity of MB prostheses.
Regional Insights
North America accounted for the highest market share in 2018. Though the market’s growth in this region will be slower than the growth of the market in other regions, it will continue to account for the largest unicompartmental knee prostheses market share throughout the forecast period. The US is a key market for unicompartmental knee prostheses in this region.
Factors such as the rising adoption of advanced unicompartmental knee prostheses, improved healthcare infrastructure, high prevalence of knee OA and related risk factors, and an increasing number of UKR surgeries are responsible for the growth of the market in North America. Rising public and private healthcare expenditures will also contribute to the unicompartmental knee prostheses market growth in this region.
Top Unicompartmental Knee Prostheses Manufacturers
The market is concentrated. To help clients improve their position, this unicompartmental knee prostheses market analysis report offers information on the competitive landscape and the products offered by various companies. Moreover, this unicompartmental knee prostheses market research 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 their future growth opportunities.
The report offers a detailed analysis of several leading unicompartmental knee prostheses manufacturers, including:
- B. Braun Melsungen AG
- Johnson & Johnson Services Inc.
- Smith & Nephew Plc
- Stryker Corp.
- Zimmer Biomet, Inc.
Segments Covered in the Report
Unicompartmental knee prostheses market by product
- Mobile-bearing (MB) prostheses
- Fixed bearing (FB) prostheses
Unicompartmental knee prostheses market by region
- Asia
- Europe
- North America
- ROW
Key Highlights of the Unicompartmental Knee Prostheses Market Forecast Report for the Period 2019-2023
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will accelerate the growth of the unicompartmental knee prostheses size during the next five years
- Precise estimation of the global unicompartmental knee prostheses market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the unicompartmental knee prostheses industry across Asia, Europe, North America, and ROW
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details of factors that will challenge the growth of unicompartmental knee prostheses companies
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