Global Knee Prosthetics Market

Knee Prosthetics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024 Transparency Market Research Reports incorporated a definite business overview and investigation inclines on "Knee Prosthetics Market". This report likewise incorporates more illumination about fundamental review of the business including definitions, requisitions and worldwide business sector industry structure.

Prosthetics are artificially designed devices and equipment used for replacing a missing body organ or part caused due to factors such as congenital conditions, accidents, or any other disease.

Knee prosthetics are devices used to replace the knee and associated parts, and are one of the most important contributors of the prosthetic products industry. Knee prosthetics are specialized products and equipment (knee implants, knee orthosis and others) used for the replacement of knee structures and in maintenance of injured knees, and act as a supportive tool for the knee.

The market for knee prosthetics is segmented on the basis of products, such as knee implants and knee orthosis braces. Knee implant segment includes a wide range of sub-segments, such as partial knee implants (fixed bearing and mobile bearing), total

knee replacement implants (non-constrained retraining implants), semi-constrained substituting implants, hinged/retained implants, mobile bearing total knee replacement implants (non-constrained retraining implants, semi-constrained substituting implants, and hinged/retained implants) and others (artificial cruciate ligaments and cartilage repair).

Browse Full Research Report on Knee Prosthetics Market: http://www.transparencymarketresearch.com/knee-prostheticsmarket.html The knee implant segment can be further segmented on the basis of implant fixation technology into cemented, hybrid and cementless. Knee orthosis braces segment can be divided according to availability of various braces that are used for supportive activities, such as knee orthosis, knee-ankle-foot orthosis, ankle-foot orthosis, foot orthosis and others.

In addition, the knee prosthetics market can be segmented on the basis of geography into North America, Europe, Asia-Pacific and Rest of the World (RoW). The North America market is the dominating market across the gobe, owing to the high incidence of knee disorders. On the other hand, Asia-Pacific and RoW regions are the most promising markets in the upcoming period, owing to the rise in awareness and growth of medical infrastructure.

The major drivers of the knee prosthetics market include extensive R&D, increasing incidence of orthopedic diseases, rapid growth of medical infrastructure, rising awareness of the global population towards knee disorders and therapies available, and technological advancements. Increased prevalence of joint diseases, particularly knee diseases, is one of the major drivers of the market. According to the Center for Disease Control and Prevention (CDC), around 27 million people in the U.S. were suffering from osteoarthritis (OA) in 2005, an approximate increase of around 6 million people since 1990.

In addition, rapid developments in the medical infrastructure globally is another major contributor to the market’s growth.

Due to the rise in medical infrastructure, the number of knee prosthetic surgeries conducted across the globe is increasing.

However, high cost of R&D and therapy, long term care period post treatment, risks associated with the replacement, lack of awareness in certain region of the world, and limited availability of technically equipped surgeons are some of the major factors expected to hinder the growth of this market. High cost of therapy is considered as the biggest hurdle in the market growth.

According to the CDC, in 1997, the total cost of knee and hip replacement therapy was around USD 8 billion and since then there has not been significant change in the pricing. The major

opportunities in the knee prosthetics market include the development of economic and technologically advanced knee prosthetics and manufacturing of easy-to-maintain knee prosthetic devices.

The major players in the knee prosthetics market include Smith & Nephew, Zimmer Holdings, Inc., DePuy Synthes, Stryker Corporation, Medtronic, Inc., Otto bock Healthcare, and others.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

About Us Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight

for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact Us Transparency Market Research State Tower, 90 State Street, Suite 700, Albany NY - 12207 United States USA - Canada Toll Free: 866-552-3453 Email: sales@transparencymarketresearch.com Website: http://www.transparencymarketresearch.com