The Global Revision Knee Replacement Industry is experiencing a significant upswing, with market analysts projecting a value of US$2 billion by 2032. This positive trend reflects a consistent growth pattern, with the market reaching US$1.3 billion in 2022. Furthermore, the industry is anticipated to maintain a healthy Compound Annual Growth Rate (CAGR) of 4.1% throughout the forecast period.
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Global Revision Knee Replacement Industry: Overview
Global Revision Knee Replacement Industry is one of the most effective and widely used to relieve the pain of arteritis. Technological advancement in the knee replacement market such as minimally invasive implant materials and their success rate allow even the younger generation to undergo revision knee replacement.
The revision of knee replacement promotes technologies such as 3D-printed knee implants. The emerging Global Revision Knee Replacement Industry due to advancements in the technologies and new product launches. The manufacturing companies are raising their respective market share with the help of marketing activities and growing awareness among the people.
Revision knee replacement, also known as revision total knee arthroplasty, is a transformative procedure in which an already implanted artificial knee joint, or prosthesis, is replaced with a new prosthesis. This process also incorporates the use of bone grafts, which can either be autografts harvested from the patient’s body or allografts sourced from donors.
The primary objectives of revision knee replacement encompass relieving pain in the affected area, restoring the mobility of the patient, and addressing loose or damaged prostheses. While total knee replacement surgery is often successful, over time, various factors can lead to its failure, necessitating the need for revision knee replacement. This procedure shares the same overarching goals as its predecessor – relieving pain and improving functionality.
Revision knee replacement surgeries are more complex and take longer time and extensive planning and specialized implants and tools are required to achieve better results. There are various types of revision surgery. In certain cases, only implants or components are replaced. Other times all three components- tibia, femoral, and patellar need to be replaced, and the bone around the knee needs to be rebuilt with a metal piece or bone graft.
The major step in revision surgery is the removal of the old femoral component. After the removal of the metal shell in the femoral, the damaged bone is scraped off and the femur bone is reshaped. If the bone is weak, the cavity inside the femur is filled with bone grafts.
Global Revision Knee Replacement Industry: Drivers and Restraints
The revision knee replacement is expected to grow due to the increasing rate of old age diseases like obesity arthritis, sports-related injuries, osteoporosis, diabetes, and the aging population. However, existing and upcoming advancements in the technology in the revision knee replacement such as minimally invasive surgery and better implant materials are the factors that drive the Global Revision Knee Replacement Industry globally.
Increasing investment in the healthcare sector also drives the market of the revision knee replacement market. Despite the widely used procedures for curing disease, the Global Revision Knee Replacement Industry is facing challenges such as economic slowdown which is forcing patients to reconsider elective surgeries when conservative medical treatments such as viscosupplementation may ease the pain. High-cost surgery, and growing awareness for non-surgical treatment methods such as exercise, walking aids, and weight loss inhibit the market of the revision knee replacement market.
Global Revision Knee Replacement Industry Key Companies Profiled:
- Smith & Nephew Plc
- Wright Medical Group, Inc
- Zimmer Holdings
- Biomet, Inc.
- Exactech
- Stryker Corporation
- DePuy Companies, Inc
- B. Braun Melsungen AG
- DJO Global
- Ortho Development
- LimaCorporate S.p.a.
- SURGIVAL INTERNATIONAL
- BEZNOSKA
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Global Revision Knee Replacement Industry Key Segments
By Product Type:
- Three Compartmental
- Uni-compartmental
By Fixation Type:
- Cemented
- cement less
By End User:
- Hospitals
- Orthopaedic and Prosthetic Clinics
- Others
Author
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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