Knee Arthrodesis Implants Market
Number of pages: 100 | Report Format: PDF | Published date: May 25, 2023
Historical Years – 2021 | Base Year – 2022 | Forecasted Years – 2023-2031
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Report Attribute |
Details |
|
CAGR |
3.84% |
|
Base Year for Estimation |
2022 |
|
Forecast Period |
2023 to 2031 |
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Historical Year |
2021 |
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Segments Covered |
Product Type, Technique, Implantation Technique, End User, and Region |
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Regional Scope |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
According to the deep-dive market assessment study by Growth Plus Reports, the global knee arthrodesis implants market is expected to register a revenue CAGR of 3.84% during the predicted period of 2023 to 2031.
Knee Arthrodesis Implants Market Fundamentals
Knee arthrodesis, also known as knee fusion, is a surgical procedure in which the bones of the knee joint are fused together to create a solid, stable joint. This procedure is typically performed when other treatments for knee problems, such as arthritis or severe deformity, have failed or are not suitable. During knee arthrodesis, the knee joint's damaged cartilage and bone surfaces are removed. For instance, a 2023 “BMC” report shows 151,435 recorded patellar fractures with nearly 95,221 surgical interventions. Women were nearly 1.5 times more likely than males to get a patella fracture. The proportion of surgical operations increased from roughly 50% in 2006 to 75% in 2020. The remaining bone surfaces are then brought into contact and secured together using various fixation methods, such as plates, screws, or intramedullary rods. These implants are designed to hold the bones in the desired position while they heal and eventually fuse together.
The industry is comprehensively analyzed in the knee arthrodesis implants industry analysis report, along with the factors that either aid or impede the market growth, such as its drivers, restraints, and opportunities. The research provides insight into the companies that operate in the knee arthrodesis implants market and their efforts to position themselves as key players through expansion strategies and innovations. It also highlights recent developments that contribute to the knee arthrodesis implants market growth. The research also analyzes the impact of the COVID-19 pandemic.
This research is valuable for businesses seeking insights into the market, customers, and competition. The research provides special insights into the segmentation, regions, market size & projection, revenue CAGRs, and other important information that may help clients make the right decisions. The report assembles data from market players and professionals across the industrial value chain. The study also incorporates qualitative and quantitative assessments from industry professionals. Secondary research, surveys and interviews, and statistical modeling are all used in our research to estimate market size and projection. Our reports deliver the most reliable market data because of our specialized research methods.
Knee Arthrodesis Implants Market Dynamics
Knee arthrodesis is typically considered a salvage procedure for patients with severe knee arthritis who have exhausted other treatment options. The growing prevalence of severe knee arthritis, often associated with aging populations, can drive the demand for knee arthrodesis implants. According to the National Carter for Biotechnology Information, nearly 654.1 million people in the age group of more than 40 have knee osteoarthritis. The total worldwide incidence of knee osteoarthritis in those aged 20 and above was 203 per 10,000 people per year. According to this, around 86.7 million people globally suffered from knee osteoarthritis in 2020. Developing advanced implant designs, materials, and fixation techniques can improve the outcomes of knee arthrodesis procedures. Innovations that enhance implant stability, promote bone fusion, and allow for better functional outcomes can drive the demand for knee arthrodesis implants. While knee arthrodesis involves sacrificing joint motion, there is a growing focus on joint preservation techniques in orthopedics. However, in cases where joint preservation is not feasible or has failed, knee arthrodesis may be considered as a viable option. This trend toward joint preservation can indirectly impact the knee arthrodesis implants market. Refining surgical techniques for knee arthrodesis, including minimally invasive approaches, computer-assisted navigation, and intraoperative imaging, can contribute to improved surgical outcomes. These advancements may drive the adoption of knee arthrodesis procedures and subsequently impact the demand for associated implants. As medical knowledge and awareness among patients and healthcare providers increase, knee arthrodesis may be more readily considered as a treatment option. The wider acceptance of knee arthrodesis as a viable solution for specific patient populations can influence the demand for knee arthrodesis implants.
While knee arthrodesis is effective for patients with severe knee arthritis or failed joint preservation procedures, alternative treatments are available. Total knee replacement (TKR) is a commonly chosen option that offers pain relief and improved joint function. The availability and increasing success rates of TKR may challenge the growth of the knee arthrodesis implants market. Knee arthrodesis involves permanently fusing the knee joint, resulting in the loss of joint motion. This can limit the patient's ability to perform certain activities and may impact the overall quality of life. The preference for maintaining joint motion and functionality may affect the demand for knee arthrodesis implants. Not all patients are suitable candidates for knee arthrodesis.
Factors such as obesity, poor bone quality, or extensive soft tissue damage can make the procedure less viable. The need for careful patient selection and evaluation can restrict the potential market size for knee arthrodesis implants. Knee arthrodesis is a complex surgical procedure that requires expertise and carries inherent risks. The fusion process takes time, and complications such as nonunion (failure of bone fusion), infection, or implant-related issues can occur. The complexity and associated risks may deter some surgeons or patients from pursuing knee arthrodesis, affecting the market demand for implants. As advancements in joint preservation techniques continue, the success rates and outcomes of these procedures are likely to improve. This can further reduce the number of patients who ultimately require knee arthrodesis. The growing availability and effectiveness of joint preservation options may challenge the knee arthrodesis implants market. The cost of knee arthrodesis surgery, including the implants, surgical instruments, hospitalization, and post-operative care, can be substantial. In some healthcare systems, the cost-effectiveness of knee arthrodesis compared to alternative treatments, such as total knee replacement, maybe a consideration. Cost-related factors may impact the adoption and utilization of knee arthrodesis implants.
Knee Arthrodesis Implants Market Ecosystem
Knee Arthrodesis Implants Market, by Product Type
Knee Arthrodesis Implants Market, by Technique
Knee Arthrodesis Implants Market, by Implantation Technique
Knee Arthrodesis Implants Market, by End User
Knee Arthrodesis Implants Market by Type
Customized implants account for a sizeable revenue share due to their growing demand. Customized implants are particularly beneficial for patients with complex anatomical considerations, such as deformities or bone loss. In such cases, off-the-shelf implants may not adequately address the patient's specific requirements, and customized implants can provide a more accurate fit. The contribution of the customized implants segment may be higher in these instances. The utilization of customized implants can be influenced by surgeon preference and familiarity with the technology. Surgeons specializing in complex knee arthrodesis cases and having experience with customized implants may be more likely to incorporate them into their practice. The adoption and acceptance among surgeons may influence the contribution of the customized implants segment. Customized implants can involve additional costs compared to standard implants due to the need for preoperative imaging, CAD design, and manufacturing processes. The availability and affordability of customized implants may impact their contribution to the overall knee arthrodesis implants market, as they may be more commonly utilized in certain regions or healthcare systems with greater resources.
The market segmentation sections provide the knee arthrodesis implants market outlook in terms of the demarcation of different consumer groups. Market segmentation is the split of industry into subgroups depending on characteristics such as product type, technique, implantation technique, end user, and region. Market segmentation data helps organizations understand the preferences and distinctive demands of different customer groups and implement targeted marketing strategies. This data additionally helps in identifying potential knee arthrodesis implants market demand opportunities.
Knee Arthrodesis Implants Market by Region
North America dominates the global knee arthrodesis market with a prominent revenue share. North America has a well-developed healthcare infrastructure, including hospitals, specialized orthopedic centers, and research institutions. This infrastructure supports the adoption of advanced surgical procedures, including knee arthrodesis, and facilitates the availability and utilization of implants. For instance, according to the “National Carter for Biotechnology Information,” approximately 14 million individuals had symptomatic knee osteoarthritis, with advanced knee osteoarthritis comprising over half of those cases in the U.S. North America has been at the forefront of technological advancements in the orthopedic field. The region has a robust medical device industry and is home to several prominent implant manufacturers. The continuous innovation and development of advanced knee arthrodesis implants, along with supporting technologies, have contributed to the dominance of North America in the market. North America has a relatively high prevalence of knee-related conditions, such as severe knee arthritis, post-traumatic deformities, and failed joint preservation procedures. These conditions often necessitate knee arthrodesis as a treatment option, driving the demand for knee arthrodesis implants in the region. The reimbursement landscape in North America also plays a significant role in driving the knee arthrodesis implants market. Adequate reimbursement coverage for knee arthrodesis procedures and associated implants encourages healthcare providers and patients to choose this treatment option, contributing to market dominance. North America is known for its strong research and clinical expertise in orthopedics. The region is home to renowned orthopedic surgeons, medical institutions, and academic centers that contribute to advancing knee arthrodesis techniques, outcomes, and implant development. The availability of expert surgeons and clinical knowledge further supports the dominance of North America in the knee arthrodesis implants market.
Based on the regions, the global knee arthrodesis implants market is segmented into:
The industry's regional segmentation provides insights into geographic pockets in terms of knee arthrodesis implants industry trends, market size, share, and growth rate. This information helps organizations assess potential growth opportunities in new regional markets, understand competitive threats, and develop localized sales and expansion strategies. This section also offers deeper insights into the regional and country-level knee arthrodesis implants market overview.
Key Components of the Report
Knee Arthrodesis Implants Market Competitive Landscape
The market competitive landscape analysis is performed by gathering and evaluating data about the key competitors, industry trends, and market dynamics. It involves collecting and analyzing data on factors such as products, pricing, geographic reach, customer demographics, marketing tactics, and recent developments. Competitive landscape analysis can help organizations identify present or prospective opportunities and risks in the market.
Reasons To Buy This Report
Key Strengths of Our Report
Target Audience to Benefit from this Report.
Knee arthrodesis is a surgical procedure in which the knee joint bones are fused together to create a solid, stable joint.
Europe accounts for the second largest revenue share in the global knee arthrodesis implants market
North America accounts for the largest revenue share in the global knee arthrodesis implants market.
The global knee arthrodesis implants market is estimated to grow at a revenue CAGR of 3.84% from 2023 to 2031
The rising prevalence of knee osteoarthritis and advancements in surgical techniques are some of the prominent trends in global knee arthrodesis implants.
Technological advancements and growing demand for knee arthrodesis implants are a few opportunities in the global knee arthrodesis implants market.
The dearth of skilled professionals and the presence of alternative treatment options are restraining factors that hamper overall market growth.
Smith & Nephew Plc., Stryker Corp., and B. Braun Melsungen AG are some of the key market players in the global knee arthrodesis implants market.
Hospitals & clinics segment accounts for the highest revenue share in the global market
*Insights on financial performance is subject to availability of information in public domain