The global knee implant market is expected to witness a robust growth of 9.3% owing to the emergence of degenerative diseases

Posted November 7, 2022 by kimberlyshaw

The global knee implant market is expected to grow at a CAGR of around 9.3% during the forecast period of 2022-2028.

The report, titled "Global Knee Implant Market" analyzes the market for knee implants globally by type, procedure type, material, end use, and region. A thorough report offers complete historical and forecasts market size along with trends analysis. Market share analysis, the production capabilities of the leading firms, a summary of market strategy and growth potential areas, and an analysis of competition for key players are examined in the study of the global knee implant market.
The Market and its Dynamics: The growth of the Knee Implants Market is likely to be supported by increasing adoption of replacement devices and minimally invasive surgeries
The global market for knee implants is projected to grow by around 9.3 percent during the period 2022-2028. The ever-growing obesity rate and degenerative illnesses in the global population are expected to increase the need for knee implants in the coming future. Additionally, the fact that younger people suffer from joint injuries at a young age due to sporting activities, as well as everyday damage, they are expected to drive the need for knee implants in the coming years.
• Moreover, the newest technology in the knee implant market, such as robotics aids surgeons in the placement of implants, the advancement of custom-designed replacement implants, along with the development of implant materials that are enhanced technologically, is anticipated to gain significant growth in the knee replacement market.
• In addition, robotic technology is enhancing the accuracy of surgical procedures and reducing the need for doctors to results from surgery. However, the use of precious metals for the production of these implants, when combined with new technologies, makes the devices costly. Additionally, consideration of various laws enforced by governments that require certification for these items adds to expensive costs.
• Furthermore, the growing awareness of the various available treatments and the growing number of geriatric patients among others is expected to fuel the rapid growth of the knee implant market globally.
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Categories Health
Tags knee implants , global knee implants
Last Updated November 7, 2022