DUBLIN--(BUSINESS WIRE )--The "Knee Replacement Market Report with Covid Impact - Global - 2022-2028 - MedCore" report has been added to ResearchAndMarkets.com's offering.
The total global knee replacement market is growing at a rate of 4.2%, which will take the 2021 market value of $9.8 billion up to $13 billion by 2028.
One of the key trends within the market is the fast growth in the revision segment. As the patient age range for knee and hip replacement has shifted towards younger individuals, the need for revisions has increased.
The full report suite on the global market for knee replacement devices covers multiple segments and sub-segments including total knee replacement, partial knee replacement and knee replacement revision devices.
One of the main drivers of the market is the aging population. The prevalence of joint degeneration increases with the age of the population, driving the need for arthroplasty devices and procedures. Growth of the target patient demographic will result in a higher demand for knee replacement procedures. According to the World Bank's data, the population of aged 65 years and above in the world is increasing compared to the global population.
Overall, within the global knee replacement market there are three dominant competitors: Zimmer Biomet, Stryker, and DePuy Synthes. Alongside these three market share leaders are a multitude of other competitors included within the market analysis. In 2021, Zimmer Biomet led the global knee replacement market. The company's solid share of the knee replacement market was largely attributed to its Persona The Personalized Knee System.
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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900