The knee replacement market is expected to reach a valuation of US $15.7 Bn, exhibiting a CAGR of 6% during the forecast period of 2022-2032. Elevated demand for knee implants and increased government investment in the healthcare sector bodes well for the knee replacement market.

Rising incidences of bone degeneration along with a growing geriatric population seem to stimulate growth of the knee replacement market. Heightened awareness about the advantages of knee replacement is shifting the perception of an increased number of the adult population who is undergoing early knee replacement surgery. This is expected to propel market growth. Furthermore, the rapid development of 3D technology and its rising application is anticipated to bolster knee replacement sales.

Growing cases of knee osteoarthritis are contributing to the increasing demand for knee replacement surgeries. As per an Osteoarthritis Research Society International (OARSI) report, global knee osteoarthritis is expected to reach 5% and continue upwards due to the rise in the aging population. All this has led to an increase in demand for knee implants, and consequently, contributed to the knee replacement market.

"Technologically advanced knee implant material along with the rise of customized replacement implants will promote growth in the knee replacement market over the forecast period," says FMI.

Request Sample Report:

https://www.futuremarketinsights.com/reports/sample/rep-gb-864

Key Takeaways:

• The demand for knee replacement procedures is expected to increase substantially.
• Ambulatory surgical centers are expected to contribute to market growth.
• The U.S. knee replacement market is expected to grow at a steady CAGR of 4.5% during the forecast period.
• Rising demand for knee implants and government investments in healthcare in the U.S. will expand the market.
• Asia Pacific is predicted to reflect significant growth in the market due to rising demands for knee replacement surgeries.
• High surgery costs, growing demand for non-surgical treatments, extremely high competition, and economic downturn may hamper market growth.
• Developments in the reimbursement schemes space and government initiatives have led to a reduction in surgery costs, positively impacting the market.

Browse Full Report:

https://www.futuremarketinsights.com/reports/knee-replacement-market

Region Wise Analysis:

The knee replacement market in the United States is expected to grow at a 4.5% CAGR through 2032, owing to many reasons such as rising demand for knee implants, government spending on healthcare and medical devices, as well as the existence of established manufacturers.

Knee arthroplasty operations are routinely done in the elderly in the United States. Still, they have also grown popular in middle-aged persons due to the availability of high-quality surgical instruments and painless procedures.

According to the Agency for Healthcare Research and Quality, approximately 754,000 knee replacements were done in the United States in 2017.

The demand for knee replacement surgery devices is surging across Asian regions. The factors contributing to the rising demand for knee replacement surgeries in APAC are growing awareness for possible treatments, increasing the elderly population and following patients with knee joint afflictions.

Key Players Profiled:

• Stryker Corporation
• Zimmer Holdings
• Smith & Nephew Plc
• DePuy Companies, Inc
• Wright Medical Group, Inc
• Biomet, Inc.
• Exactech
• Braun Melsungen AG.

Get In Touch With Our Team For 20% Flat Discount:

https://www.futuremarketinsights.com/ask-question/rep-gb-864

ABOUT FUTURE MARKET INSIGHTS, INC.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Now avail flexible Research Subscriptions, and access Research multi-format through downloadable databooks, infographics, charts, interactive playbook for data visualization and full reports through MarketNgage, the market intelligence engine from Future Market Insights. Sign Up for a 7 day free trial!

Contact:

Future Market Insights, Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware - 19713, USA

T: +1-845-579-5705

Enquiries: [email protected]

The post Knee Replacement Market to be USD 15.7 Bn by 2032 | Future Market Insights appeared first on Future Market Insights.

Original Source of the original story >> Knee Replacement Market to be USD 15.7 Bn by 2032 | Future Market Insights

This content is published on behalf of the above source. Please contact them directly for any concern related to the above.

This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.