Overview:

The global knee replacement market has been growing pervasively mainly due to the advancements in joint replacement surgeries. These advancements that have been changing the way these procedures are performed by providing each patient with a personalized surgical experience based on their specific diagnosis, pathology, and anatomy.

The market has witnessed a number of such advancements over the past few years. For instance; Smart knee implants that work on an energy harvesting mechanism getting powered from motion and have built-in sensors to monitor changes in the activity.

Another such advancement is robotic-arm assisted total knee application. This latest advancement in joint replacement surgery transforms the way total knee replacements are performed. These advancements are escalating the market on the global platform, making the knee replacement surgeries far easier for patients and surgeons.

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Global Knee Replacement Market - Segmentations

The report has been segmented into four key dynamics for enhanced understanding.

By Type of Test : Revision Knee Reconstructive (RKR), Total Knee Replacement (TKR), and Partial (half) Knee Replacement (PKR) Implants among others.

BY Material: Metal Alloy, Ceramic Material, and Strong Plastic Parts among others.

By End-user : Hospital, Clinics, specialty centers, and Rehabilitation Centres among others.

By Regions: Asia Pacific, North America, Europe, and the Rest-of-the-World.

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Global Knee Replacement Market - Geographical Analysis

The North American region, heading with the availability of advanced knee replacement procedures dominates the global knee replacement market. Moreover, factors like the increasing number of aging populations affected by knee joint disorders and the well-spread awareness towards joint related treatments foster the growth of the regional market.

Additionally, growing government initiatives that have been funding several research and development activities in the knee implant industry to bring about technologically advanced products are pushing the growth of the market. The US backed by the increasing number of joint replacement procedures performed accounts for the leading market in the North American Region. The U.S. and Canada are the leading countries for revenue generation and market penetration across the globe.

The European region, led by the availability of innovative and advanced treatment facilities and rising skilled medical professionals accounts for the second-largest knee replacement market, globally. Furthermore, the increasing aged population is positively impacting the market growth, subsequently giving rise to the patient population.