Cementless Total Knee Arthroplasty Market - Global Outlook and Forecast 2023-2031


Posted September 8, 2023 by RajshreeB

According to the deep-dive market assessment study by Growth Plus Reports, the global cementless total knee arthroplasty market is expected to register a revenue CAGR of 6.48% by 2031.

 
According to the deep-dive market assessment study by Growth Plus Reports, the global cementless total knee arthroplasty market is expected to register a revenue CAGR of 6.48% by 2031.

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Cementless Total Knee Arthroplasty Market Fundamentals

Cementless total knee arthroplasty market is a surgical procedure performed to replace a damaged knee joint with an artificial implant, without using cement to fix it in place. This technique has gained significant attention in recent years due to its potential benefits, including improved implant longevity, reduced risk of loosening, and enhanced biological fixation. The cementless total knee arthroplasty market allows for better integration of the implant with the patient's bone, promoting long-term stability and reducing the need for revision surgeries. In terms of trends, the cementless total knee arthroplasty market has been steadily growing in popularity. Surgeons and patients alike are recognizing its advantages over traditional cemented techniques. As advancements in implant design and surgical techniques continue to evolve, the cementless total knee arthroplasty market is expected to become even more refined and widely adopted. New materials and surface coatings are being developed to enhance implant durability and biocompatibility, further improving patient outcomes.

The increasing trend toward the cementless total knee arthroplasty market also opens opportunities for innovation and research. There is a growing focus on developing personalized implants that can be tailored to an individual's anatomy, providing a customized fit and better functional outcomes. Additionally, the use of robotics and computer-assisted navigation systems in the cementless total knee arthroplasty market has the potential to enhance surgical precision and accuracy.

Moreover, market players are continuously investing in research and development to introduce innovative cementless total knee arthroplasty market implants. They focus on improving implant design, materials, and surface coatings to enhance longevity, fixation, and patient outcomes. By offering advanced and reliable implants, they aim to gain a competitive edge in the market. Market players are continuously investing in research and development to introduce innovative cementless total knee arthroplasty market implants. They focus on improving implant design, materials, and surface coatings to enhance longevity, fixation, and patient outcomes. By offering advanced and reliable implants, they aim to gain a competitive edge in the market.

Cementless Total Knee Arthroplasty Market Dynamics

The key factor in the global total knee arthroplasty market is the increasing incidences of arthritis. According to the Centers for Disease Control and Prevention 2021 estimate, around 58.5 million adults, or 24% of the population in the United States, are affected by arthritis. This condition is a major contributor to work disability and results in a whopping $303.5 billion in lost earnings and medical expenses annually. The proportion of people affected with arthritis is expected to increase due to the aging of the population and the rate of obesity in the general population. According to the Centers for Disease Control and Prevention, in 2021, it is estimated that 31% of obese people are diagnosed with arthritis.

Continuous advancements in implant technology play a significant role in driving the market for cementless total knee arthroplasty. Market players are developing innovative implant designs, materials, and surface coatings that improve fixation, longevity, and overall performance. These advancements enhance the stability and integration of the implant with the patient's bone, resulting in improved functional outcomes and patient satisfaction. As surgeons and patients increasingly recognize the benefits of cementless total knee arthroplasty market implants over traditional cemented techniques, the demand for these advanced implants continues to rise.

Moreover, cementless total knee arthroplasty offers several advantages over cemented techniques, leading to improved surgical outcomes and patient benefits. Cementless implants allow for better biological fixation and bone integration, reducing the risk of implant loosening and subsequent revision surgeries. The long-term stability and durability of cementless implants contribute to improved patient mobility, pain relief, and overall quality of life. Surgeons and patients alike are increasingly recognizing these benefits, driving the demand for cementless total knee arthroplasty procedures. The focus on enhancing patient satisfaction and functional outcomes has become a crucial driver for market growth.

However, the cost of total knee arthroplasty procedures can be a limitation, particularly in areas where healthcare expenses are not completely covered by insurance or where patients have limited financial means.

Market Ecosystem

The global cementless total knee arthroplasty market is analyzed from the following perspectives: by product type, end user, and region.

Cementless Total Knee Arthroplasty Market by Product Type

Based on product type, the global cementless total knee arthroplasty market is segmented into fixed bearing, and mobile bearing.

The mobile bearing segment is expected to dominate the global total knee arthroplasty market in 2022. This dominance can be attributed to the advantages offered by mobile bearing implants, such as improved range of motion and reduced wear and tear. Additionally, the rising prevalence of knee osteoarthritis and the growing geriatric population are driving the demand for total knee arthroplasty procedures, further fueling the growth of the mobile bearing segment. Furthermore, technological advancements in mobile bearing implants, including the development of highly durable materials and innovative designs, are also contributing to the market dominance of this segment.

Cementless Total Knee Arthroplasty Market by End User

Based on end user, the global cementless total knee arthroplasty market is segmented into hospitals, specialty surgical centers, and others.

The hospital segment accounts for the majority of the global cementless total knee arthroplasty market share. This is primarily due to the high number of knee replacement surgeries performed in hospitals compared to other healthcare settings. The hospital segment offers a controlled and sterile environment, advanced surgical equipment, and a team of specialized healthcare professionals, which ensures the success and safety of cementless total knee arthroplasty procedures. Additionally, hospitals have the necessary infrastructure to handle complex cases and provide comprehensive pre-and post-operative care, further driving the demand for cementless total knee arthroplasty in this segment.

Cementless Total Knee Arthroplasty Market by Region

Based on the region, the cementless total knee arthroplasty market is segmented into North America, Europe, Asia Pacific, Latin America, & the Middle East & Africa.

North America accounted for the majority of the global cementless total knee arthroplasty market in 2022. This can be attributed to the increasing prevalence of knee osteoarthritis in the region and the growing adoption of advanced surgical techniques. The Centers for Disease Control and Prevention, over 32.5 million people are affected with arthritis in the United States. Additionally, the presence of well-established healthcare infrastructure and favorable reimbursement policies have further propelled the market growth in North America. Moreover, the North American market is witnessing a shift towards minimally invasive procedures, which offer several benefits, such as reduced post-operative pain, faster recovery, and shorter hospital stays. This trend has further fueled the demand for cementless total knee arthroplasty in the region.

The Asia Pacific cementless total knee arthroplasty market is projected to register 7.08% CAGR in the forecast years. This growth can be attributed to several factors, such as the increasing prevalence of knee osteoarthritis, the rising geriatric population, and advancements in surgical techniques. Additionally, the growing awareness about the benefits of cementless total knee arthroplasty among both patients and healthcare professionals is expected to drive market growth in the region. Furthermore, the availability of advanced medical infrastructure and the presence of key market players in countries like China, Japan, and India are also contributing to the market expansion.

Strategic Developments Cementless Total Knee Arthroplasty Market

• In January 2022, Smith & Nephew recently acquired Engage Surgical, a company that specializes in cementless knee implants. Their partial knee implant is specifically designed to work in conjunction with robotics, making it an ideal addition to Smith & Nephew's CORI surgical system.

Cementless Total Knee Arthroplasty Market Competitive Landscape

The competitive landscape in the cementless total knee arthroplasty market is becoming increasingly dynamic and diverse. With the rising prevalence of knee osteoarthritis and the growing demand for more effective and long-lasting solutions, numerous companies are entering the market with innovative cementless total knee arthroplasty products. These companies are striving to gain a competitive edge by offering advanced implant designs, improved surgical techniques, and enhanced patient outcomes.

Some of the prominent companies having the largest revenue share in the global cementless total knee arthroplasty market are,

• Stryker Corporation
• Smith & Nephew, Plc
• Zimmer Biomet
• Johnson & Johnson (DePuy Synthes)
• B. Braun SE
• Olympus Corporation (GROUP FH ORTHO)
• DJO, LLC
• X.NOV Medical Technology Sa
• Beijing Chunlizhengda Medical Instruments Co., Ltd.

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Issued By https://www.growthplusreports.com/
Country India
Categories Health , Marketing , Publishing
Tags knee replacement , joint replacement , orthopedic surgery , knee arthroplasty , orthopedic implants , knee health , knee recovery , cementless implants
Last Updated September 8, 2023