Published Date : 26 May 2023
The global cementless total knee arthroplasty market size surpassed USD 2.27 billion in 2022 and it is expected to rake around USD 14.7 billion by 2030, poised to grow at a CAGR of 26.28% between 2022 to 2030.
The advanced developed technologies in orthopaedics with increased rate of patients with rheumatoid arthritis disorder with increased knee pain and unable to perform any activity. Which led to adopting new technologies developed in the market for improving the condition. Cementless total knee arthroplasty does not involve cement for fixing the knee implant it involves rough porous surface for fixing the implant with screws if required. Total knee arthroplasty involves increased efficiency, reliability, predictable procedures modern new technologies developed in orthopaedics with increased research and new equipment involved in performing the surgery.
Less time required for performing the operations, ease of revision, surgery last for longer time. The government support for installing the cementless total knee arthroplasty with increased investment and increased policies raised by the government such as reimbursement. The key market players involved in cemetless total knee arthroplasty with continuous research and launch of the surgeries with decreased pain and lost lasting surgery enhance the market growth during the forecast period.
Cementless Total Knee Arthroplasty Market Report Scope:
|Market Revenue in 2023||USD 2.87 Billion|
|Projected Forecast Revenue in 2030||USD 14.7 Billion|
|Growth Rate from 2022 to 2030||CAGR of 26.28%|
|Largest Market||North America|
|Forecast Period||2022 to 2030|
|Regions Covered||North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa|
Cementless total knee arthroplasty with enhanced market rate in various regions. North America to be largest region with the increased developments in the health care sector, enhance research and development by the key market players in osteoporosis with increased rheumatoid arthritis disorders rising among the younger population. Enhance demands from the customers for new technology developed which reduced pain and perform the surgery within a short period of time, ease of revision, surgery last for longer time. Which fuels the market with enhanced demand for cementless total knee arthroplasty market.
Europe also with highest market share in the cementless total knee arthroplasty with new variations acquired in the surgery and increased performance.
Other regions such as Asia Pacific, Latin America, the Middle East and Africa also in the process with new developments with increased demands help to boost the market size to a larger extent.
An increasing number of geriatric populations with increased arthritis disorders with increased pain and increasing demands for cementless total knee arthroplasty has enhanced the market, Increasing number of sports and numerous participations from the younger age group in the rising sports with specialization in a particular sport.
Playing the sport may led to injury such as fractures, and ligament problems. Enhance patients from the geriatric age group with an increased number of patients in arthritis disorder. Increased new developments and technologies with reduce pain and good results boost the market of cementless total knee arthroplasty. Improved benefits of cementless total knee arthroplasty with increased efficiency, reliability, prediction procedures, less time required for the procedure, no complications involved as that involved in cement knee arthroplasty, increased ease of revision, long-lasting surgery with increased good results and enhance demands for cementless total knee arthroplasty drives the market value high during the forecast period.
Lack of awareness among the people regarding the newly developed cementless total knee arthroplasty may hamper the market growth due to decreased awareness also regarding the policies integrated by the government. Lack of skill among the people for performing the surgery with new techniques involved to carry out the procedure. Individuals with high experience, and updated knowledge regarding the surgery lack of knowledge may alter the market size. The increased cost of the surgery with new research and technology not affordable to the common people to adopt the treatment act as the restraining factor for cementless total knee arthroplasty.
Rising economy of the market in cementless total knee arthroplasty with acquiring and integrating new technologies in the medical sector with improved innovations and emerging underdeveloped countries with increased facilities and increasing benefits of the surgery. Government support to develop the regions with integrating the new developed surgeries with increased benefits and policies such as reimbursement involved in medical treatment and to adopt the new treatments available and increased investment for producing more new innovation in osteoporosis. The key market players involved in launching of surgeries with increased research and development for developing and producing the implantation techniques helps to boost the market.
The higher expense involved for cementless total knee arthroplasty is the major challenge to extend the cementless total knee arthroplasty market. Increasing the cost of the surgery patients will adopt the newly developed treatment may decrease the demand from the market and decreased revenue share and low down the market rate. Lack of skill among the individuals to perform the surgery need to update with the developed technologies to perform the procedures involves or may affect the growth. Increased availability of numerous surgeries for knee arthroplasty can take attention of the customers towards the other surgeries due to the increased cost of the cementless total knee arthroplasty
Major Key Players:
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