|
|
Home | Submit Press Release | Advertise | Submit Website
(Hosting-NewsWire.com, January 22, 2018 ) MarketResearchFuture.com adds “Knee Replacement Market -2017 Global Analysis, Growth, Trends and Opportunities Research Report Forecasting to 2022” reports to its database.
The report titled “Knee Replacement Market -Forecast to 2022″ is a direct appreciation by Market Research Future of the market potential of the Knee Replacement Market. The report intends to provide accurate and meaningful insights, both quantitative as well as qualitative. It can be said with high confidence level, that this report will satisfy the need for comprehensive insights needed to compete and beat other players in today’s winner takes all market!
Market synopsis of Knee Replacement Market:
The knee replacement market is growing due to factors such as rising proportion of aging population across the world, increased the number of people suffering from osteoporosis and arthritis, sedentary lifestyle, obesity, diabetes. Technological advancement such as minimal invasive surgery, better implant materials has increased the success rates of surgeries which has resulted in more and more patients going under the knife. Rising awareness about the knee implant surgeries is driving factor to the market. Growing risk factors such as trauma, accidents, sports culture, and others will also drive the market.
The restraining factors are surgical risks such as blood loss, pain and prolong hospital stay, rejection of the knee replacement devices by the body, the large foot print of the knee replacement surgery, poor income in developing countries, falling reimbursement rates especially in U.S., scarcity of trained doctors and healthcare professionals and others.
However the rising success rates of the knee replacement surgeries coupled with the development of advanced products is likely of overcoming the barriers to the market.
Key Players for Knee Replacement Market:
Some of the key players in this market are: ConforMIS, Stryker, Zimmer Inc., Smith & Nephew, DePuy Synthes Companies, Wright Medical Group N.V., Biomet, Inc., Exactech, Inc., B. Braun Melsungen AG and others.
Segments of Knee Replacement Market:
Global Knee replacement market has been segmented on the basis of type of treatment which comprise of total knee replacement (TKR), partial knee replacement (PKR) and others. On the basis of end users; market is segmented into hospital and clinics, rehabilitation centres and others. Partial knee replacement is the largest market share holder and would continue to do so.
Technological advancements especially in the material used has revolutionised the market for knee replacements. There is also a definite shift in the market from the metal based materials such as stainless steel, Cobalt-Chromium alloys, Titanium and Titanium alloys towards polymer based materials. The development of biocompatible materials is the next generation and such products are expected to yield a premium. Zirconium has also witnessed a growing demand due to its resistance to wear and tear. The market share of ceramics based materials is also expected to take a beating.
GET SAMPLE REPORT @ https://www.marketresearchfuture.com/sample_request/1578 .
Regional Analysis of Knee Replacement Market:
Globally North America is the largest market for knee replacement. Europe is expected to be the second-largest market for knee replacement.
The reasons for the dominance of U.S. is the high per capita income, faster uptake of new technology, growing awareness etc. The presence of large medical device companies and good reimbursement scenario in the U.S. is also a strong driver of the market.
The U.S. knee replacement market is dependent on the legal and regulatory environment includes factors such as labelling standards, FDA classification rules etc. There is a situation of worsening regulatory and reimbursement environment. The situation has been compounded by the uncertainty of healthcare reforms. The uncertainty has forced many medical devices companies to first obtain marketing approval of new products in vices into Class I, II, and III with regulatory control increasing from Class I to Class III, based non-U.S. markets, particularly Europe. The U.S. food and drug administration (FDA) classifies medical de on the need to provide reasonable assurance of its safety and effectiveness. In general, most Class I devices are exempted from premarket notification 510(k) while the situation gets more and more serious for Class II devices and most Class III devices which require premarket approval (PMA). Knee replacement devices are classified as class I devices. PMA is a very resource intensive and slow process due to the requirements of valid scientific evidence about the probable health benefits from the intended use of a device which must outweigh the probable risks. The PMA has slightly increased in the time required for clearance of device by the FDA and has involved greater use of third party reviewers which has added to the cost of clearance. Thus it is reasonable to conclude that the FDA has increased its strictness regarding clinical evidence and testing requirements which has lengthened the time and path to clearance.
The American market however has always represented the most advanced products with less marketing time and it is hoped that the situation will improve in the future. The advanced knee replacement products is expected to find a large market in the US. Healthcare spending in North America has been increased in 2016. Canadian healthcare specifically was stressed by an advancing demographic move. The increase of insurance coverage because of health care reform (Affordable Care Act) in the United States additionally prompted an expansion in health care spending. In 2016, healthcare organizations found liberation from a special tax on medical devices (Medical Device Excise Tax). The United States Congress put off the tax for a long two years in 2015.
…CONTINUED
AVAIL DISCOUNT @ https://www.marketresearchfuture.com/check-discount/1578 .
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Marketresearchfuture
Market Research Future
+1 (646) 845 9349
salesteam@marketresearchfuture.com
Source: EmailWire.Com 
Source: EmailWire.com
Submit press release on hosting | Submit your hosting website
|
|
