LONDON, May 5, 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.
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The report provides insights on the following pointers:
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