Research and Markets Adds Report: Knee Replacement - Global Analysis and Market Forecasts [Health & Beauty Close - Up]
(Health & Beauty Close - Up Via Acquire Media NewsEdge) Research and Markets has announced the addition of the "MediPoint: Knee Replacement - Global Analysis and Market Forecasts" report to its offerings.
In a release, Research and Markets noted that report highlights include:
Knee Replacement Market Bends in the Right Direction, Despite Dwindling Revenue Growth, said The authors
The knee replacement market value across 10 major countries will undergo a slight increase over the next few years, from $6,544m in 2012 to $7,459m by 2019, at a Compound Annual Growth Rate (CAGR) of 1.9 percent, forecasts the authors.
The company's latest report* states that out of the 10 major markets (10MM) - the US, France, Germany, Italy, Spain, the UK, Japan, Brazil, China and India - the US possessed the largest market share of 63 percent in 2012. This is expected to drop slightly to just below 61 percent in 2019.
Linda Tian, the authors's Analyst covering Orthopedic Devices, said: The knee replacement market represents the largest joint reconstruction market in the world. Although it has continued to grow at a steady rate in procedure volume, profit margins have been negatively affected by health executives scrutinizing purchases and using multiple channels to procure orthopedic devices at highly competitive prices.
Nevertheless, the rising prevalence of symptomatic arthritis will drive the expected growth over the forecast period. Emerging markets, such as India and China, will see a higher growth level in knee replacement and will provide the key for players to gain additional market share.
Furthermore, technological advancements in joint reconstruction surgeries, such as computer-assisted systems, will also provide a boost to the market.
Tian said: As the knee replacement procedure volume rises over the next decade, it will become increasingly important to improve surgical accuracy and reduce revision rates to a specific level. Future competition among vendors will thus be more likely to center on the instrumentation and ancillary equipment, such as patient- specific instruments (PSIs), navigation systems, and robotic systems.
This report provides analysis on the knee replacement market in the 10MM - the US, France, Germany, Italy, Spain, the UK, Japan, Brazil, China and India.
-Smith & Nephew
-Wright Medical Group (MicroPort)
-Other Established Players
-Blue Belt Technologies
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