The new report by Expert Market Research titled, ‘Global Cementless Total Knee Arthroplasty Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global cementless total knee arthroplasty market, assessing the market based on its segments like product types, end-uses, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
• Forecast CAGR (2022-2027): 21.8%
While cementless total knee arthroplasty is more expensive than cemented total knee arthroplasty, it saves a significant amount of time. Reduced operational time is a significant consideration because it lowers the cost of the procedure. Further, advances in and usage of novel technologies, such as hydroxyapatite coatings or trabecular and porous metal, have improved the dependability of these implants. The market for cementless total knee arthroplasty is likely to be driven by these factors. Furthermore, demand for total knee arthroplasty has been steadily rising; as the average age of people with osteoarthritis decreases, cemented fixation may no longer provide adequate long-term results due to fixation failure. Thus, there has been increasing interest in developing and using cementless total knee arthroplasty.
Industry Definition and Major Segments
Cementless total knee arthroplasty is a fast-growing trend that is gaining acceptance. The biologic fixation offered by cementless total knee arthroplasty is an alternative to bone cement, which includes mechanical fixing. It is a long-lasting, dependable choice for patients undergoing primary total knee arthroplasty, and it is particularly appealing to more active and younger patients.
By product type, the market is segmented into:
• Mobile Bearing
• Fixed Bearing
By end use, the market is divided into:
• Speciality Clinics
• Ambulatory Surgery Centres
On the basis of region, the market is segmented into:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
During the forecast period, growth in the number of patients suffering from arthritis is expected to augment the global cementless total knee arthroplasty market. A rise in the prevalence of arthritis results in an increase in demand for knee replacement surgery to restore normative joint pains and improve the condition. Factors such as favorable reimbursement for orthopedic implants, new product launches in countries such as the United States and Canada, and initiatives taken by non-profit organizations and governments to create awareness about orthopedic conditions are expected to drive the global cementless total knee arthroplasty market during the forecast period.
Key Market Players
The major players in the market are DePuy Synthes, Group FH Ortho, Stryker Corporation, Smith & Nephew plc, and Zimmer Biomet, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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