It has been well identified that rising geriatric population which who are highly prone to knee damage disease like osteoarthritis, post-traumatic arthritis or rheumatoid arthritis, can greatly benefit from knee replacement surgery. According to the latest market study, the increasing number of case of knee-related diseases are expected to propel the growth of the global knee replacement market rapidly. Market Research Hub (MRH) has freshly broadcasted this new study to its massive database, which is titled as “Knee Replacement Market, Global Analysis, By Products (Primary, Partial, Revision Knee Replacement), Regions & Companies” and offers a holistic outlook on the market growth for the forecast period of 2017-2024.
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Knee replacement is one of the effective and widely used ways to relieve pain in the arthritis pain. Knee implants are helpful in treating and supporting damaged knees caused due to arthritis, fracture, or any other musculoskeletal disorders. In the present time, the emerging knee replacement market has been experiencing a phase of new product development and technological advancements due to greater demand. According to the latest evaluations, the global knee replacement market is anticipated to exceed US$ 13 Billion, by the year 2024 experiencing a noteworthy growth over the forecast period of 2017-2024.
This extensive research study offers an in-depth overview of the market with a prime focus on major regions including Asia-Pacific, Europe, North America and Rest of the World. With the growing geriatric population in the several geographical regions, it is anticipated that the knee replacement market will thrive in the coming years. As reported during the research, Europe and North America are expected to register a double-digit growth in the forecasted period.
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Moreover, the research report provides analysis and information according to categories such as market segments, types, technology and applications. On the basis of type, the report covers analysis of primary knee replacement, partial knee replacement and revision knee replacement. Of these, primary knee replacement holds significant market share.
Later, the competitive landscape offered in the report is a valuable resource for readers, as it helps in determining the complete competitive scenario in the market. Their details such as key strategies, SWOT, organization overview, mergers & acquisitions, market share, financials, developments and product portfolios are also covered in this subsequent section. At present, key players functioning in the global market include Zimmer Biomet Holding Inc., Johnson & Johnson, Stryker Corporation and Smith & Nephew.
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