NEW YORK, Feb. 16, 2016 /PRNewswire/ -- The global knee reconstruction devices market is expected to reach USD 7.94 billion by 2020, at a CAGR of 4.3% from 2015 to 2020. Government initiatives of allocating new funds and development of new policies have reduced the waiting time for knee reconstructions and increased the number of operations being performed.
Joint reconstruction procedures are undergone by the patients experiencing severe knee-related pain and limited mobility, usually resulting from arthritis (both, degenerative and inflammatory). The damaged joint is replaced by an artificial joint that provides the patient significant relief from pain, thus resulting in improved quality of life.
Technological advancements in the global knee reconstruction devices market, such as newly developed prostheses with improved strength and reliability of joints, are reducing the need and cost of revision surgeries. Minimally invasive techniques for knee reconstruction surgeries are expected to improve the precision and accuracy of surgeons, thus resulting in reduced surgery time. Emergence of these techniques and other improved surgical tools for the treatment of arthritis is among the factors expected to address the rising demand for knee reconstruction surgeries during the forecast period, 2015 to 2020.
The global knee reconstruction devices market is segmented on the basis of product type and geography. On the basis of geography, the market is classified into the Americas, Europe and Asia-Pacific regions.
In 2014, the Americas accounted for the highest share in the global knee reconstruction devices market. In the Americas knee reconstruction devices market, nine countries, namely, the U.S., Canada, Mexico, Chile, Brazil, Argentina, Colombia, Uruguay, and Paraguay are covered. Among all these countries, the U.S. led the knee reconstruction devices market in the Americas in 2014. It was followed by Canada and Brazil.
The report includes company profiles of major players, along with major developmental activities, such as new product launches, mergers & acquisitions, collaborations, and partnerships. Companies profiled in this report include Zimmer, Inc. (U.S.), Stryker (U.S.), DePuy Synthes (U.S.), Smith & Nephew plc (U.K.), Arthrex, Inc. (U.S.), Exactech, Inc. (U.S.), Corin (U.K.), DJO Global (U.S.), Japan Medical Dynamic Marketing, Inc. (Japan), Tornier, Inc. (Netherlands), and United Orthopedic Corporation (Taiwan), among others.
Reasons to Buy the Report:
From an insight perspective, this research report has focused on various levels of analysis, namely, industry analysis (industry trends and PEST analysis), market share analysis of the top players, supply chain analysis, and company profiles. These comprise and discuss basic views on competitive landscape, usage patterns, emerging- and high-growth segments, high-growth regions and countries with their respective regulatory policies, government initiatives, drivers, restraints, and opportunities in the global knee reconstruction devices market.
The report will enrich both, established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn, will help them to garner increased market share. Firms purchasing the report could use any one or a combination of the below mentioned five strategies to increase their market shares.
The report provides insights on the following pointers:
- Product Analysis and Development: Detailed insights on the upcoming technologies, research and development activities, and new product launches in the global knee reconstruction devices market
- Market Development: Comprehensive information about lucrative emerging markets
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investment decisions in the global knee reconstruction devices market
- Competitive Assessment: In-depth assessment of market shares and company share analysis of key players in the market
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