Knee Replacement Market Forecasted To Grow at a CAGR of 5.04% During 2016-2020

Date: 2016-09-11

A total knee replacement is a surgical procedure whereby the diseased knee joint is replaced with artificial material. The knee is a hinge joint which provides motion at the point where the thigh meets the lower leg. The thighbone (or femur) abuts the large bone of the lower leg (tibia) at the knee joint.

Knee Replacement is driven by technology, citizen’s income, and citizen’s awareness, in developed countries such as North America and Europe, where have mature market. According to research, North America dominates the market in both production and consumption across the world followed by Europe.    

While awareness for knee replacement procedures is high due to the increasing support from various othopaedicians mainly in regions such as North America and Europe, thereby, having higher number of procedures, markets in emerging economies such as Asia Pacific and Latin America are expected to facilitate growth in coming years.

Along the growing economy, Knee Replacement Market Forecasted to grow at a CAGR of 5.04% during 2016-2020, Asia Pacific will be main the attributable to the global market.

Global leading Knee Replacement companies such as Wright Medical Group., Smith & Nephew plc., Stryker Corporation, Zimmer Biomet Holdings Inc., Johnson & Johnson, Medtronic PLC, Exactech Inc., Think Surgical, Inc., Acumed and Mathys Ltd Bettlach.

Knee Replacement market share by material as following:


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Joanna | Executive – International Business and partner Relations
E-mail: | Tel: 001-510-400-8520

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