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HomeFMIWhat are the Major Challenges Hindering Knee Reconstruction Device Manufacturers?

What are the Major Challenges Hindering Knee Reconstruction Device Manufacturers?

Incorporation of 3D printing in the field of orthopedic treatment is fuelling the knee reconstruction devices market demand. Growing Application of Knee Reconstruction Devices in Treating Musculoskeletal Pain Will Amplify the Market Growth

The global knee reconstruction devices market is forecast to grow at around 6% CAGR throughout the forecast period of 2021 to 2031.

Increasing demand for non-invasive surgery has been aiding the development of effective knee reconstruction procedures. Advancement in healthcare technologies in terms of surgical tools and procedures has positively influenced the market growth.

Market leaders are inclined towards developing cost-effective and portable devices. This will further increase the adoption of knee reconstruction devices, finds ESOMAR-certified consulting firm Future Market Insights in this study.

As per the Center of Orthopedic & Neurosurgical Care & Research, around 1 million hip and knee replacement surgeries are performed in the U.S. every year. It is the most common form of orthopedic surgery performed in the country.

Increasing cases of knee pains from chronic ailments especially in geriatric population across the globe will fuel the knee reconstruction devices market growth.

Development of highly precise and accurate surgical robots, capable of performing knee reconstruction surgeries without hampering the patient’s outcome will accelerate the adoption of knee reconstruction devices across the globe.

A slump in market growth was observed during the pandemic as the focus shifted away from elective medical processes to catering to the immediate medical emergency. Nonetheless, a steady recovery is on the cards as pandemic subsides and elective medical processes are given green light.

 “Recent advancements in the field of surgical robotics along with the integration of artificial intelligence in robotics have led to the development of highly specialized surgical procedures. Such developments will fuel the knee reconstruction devices market growth,” as per a FMI analyst. 

Request a report sample with 170 pages to gain comprehensive insights at https://www.futuremarketinsights.com/reports/sample/rep-gb-4878

Key Takeaways

  • Rising cases of joint reconstruction especially knee and hip joint reconstruction surgeries along with presence of solid healthcare system will boost the knee reconstruction devices market sales in the U.S.
  • Growing geriatric population along with surge in sports related injuries in the U.K. will create lucrative market growth opportunities in the country.
  • Rise in consumer spending habits on healthcare and increasing total knee arthroplasty cases in China will elevate the knee reconstruction devices market sales.
  • Germany is anticipated to experience impressive growth in knee reconstruction devices market on the back of increasing demand for ACL reconstruction surgeries and adoption of femoral drilling techniques in knee reconstruction procedure.
  • Cemented implants are easier to control in terms of occlusion. They also provide superior passive fits while eliminating screw access holes. The cemented implants are forecast to surpass the CAGR of 6% throughout the assessment period.

Prominent Drivers

  • Increasing demand for minimal invasive surgical operations is driving the knee reconstruction devices market sales.
  • Rising prevalence of osteoarthritis in geriatric population is further fuelling the market demand.
  • Introduction of robotic surgical procedures equipped with high accuracy operation capabilities will magnify the market growth.

Key Restraints

  • High purchasing cost of knee reconstruction device and need for associated services are restricting the market demand.
  • Stringent regulatory policies by FDA and other similar bodies hinder the market growth.
  • Increasing post surgery issues and problems with respect to bio-compatibility decelerates the market growth.

Discover more about the knee reconstruction devices market with figures and data tables, along with the table of contents. You will also find detailed market segmentation on https://www.futuremarketinsights.com/ask-question/rep-gb-4878

Competitive Landscape

According to FMI, leading market players are heavily investing towards developing new products in accordance to regulatory national and international standards to expand their product portfolio. They are also looking towards quick approvals to strengthen their market position.

For instance, Johnson & Johnson Medical Devices Company launched the VELYS Robotic-assisted solution in January 2021. It is a FDA cleared knee reconstruction device developed to work alongside with the company’s Attune Total Knee System. They are part of a connected technologies digital surgery platform.

Acutive Technologies received its FDA clearance in March 2021 for its Citrespline and Citrelock ligament reconstruction devices. The products are developed to prevent damage to soft tissue during the insertion process.

Leading players profiled by FMI operating in knee reconstruction devices market include:

  • Arthrex Inc.
  • Corin
  • DePuy Synthes
  • DJO Global
  • Exatech Inc.
  • Japan MDM Inc.
  • Smith & Nephew Plc.
  • Stryker
  • Tornier Inc.
  • United Orthopedics Corporation
  • Zimmer Inc.

More Insights on FMI’s Knee Reconstruction Devices Market

The latest market study on global knee reconstruction devices market by Future Market Insights gives a detailed segmentation for the forecast period of 2021-2031. In order to gain a better perspective of the global market potential, its growth, trends, and opportunities, the market is segmented on the basis of

Product

  • Cemented Implants
  • Cementless Implants
  • Partial Implants
  • Revision Implants

End User

  • Hospitals
  • Orthopedic Clinics
  • ASCs

Indication

  • Osteoarthritis
  • Rheumatoid Arthritis
  • Trauma
  • Others

Region

  • North America (U.S. & Canada)
  • Latin America (Mexico, Brazil, Argentina, Chile, Peru, & Rest of LATAM)
  • Europe (Germany, U.K., France, Italy, Spain, BENELUX, Nordic, Russia, Poland, CIS Countries & Rest of Europe)
  • Middle East and Africa (GCC Countries, Turkey, South Africa, Israel, & Rest of MEA)
  • Japan
  • Asia Pacific excluding Japan (China, India, ASEAN, South Korea, Australia, & Rest of APEJ)

Contact Sales for Further Assistance in Purchasing this Report@ https://www.futuremarketinsights.com/checkout/4878

Explore Other Coverage on Future Market Insights

Incontinence skincare product market: The global incontinence skincare product market report by FMI gives an in-depth insight on the future expansion prospects, trends and challenges that market is likely to face in the upcoming decade. Key statistics regarding key segments have been presented across prominent geographies, along with a detailed assessment of the market’s competitive landscape.

Men skincare product market: The men skincare product market study published by FMI offers a comprehensive analysis and focused views on major trends expected to provide shape to future growth prospects. The report provides detailed analysis of the significant drivers, trends, challenges and opportunities prevailing for the forthcoming decade across key geographies along with competitive landscape of the upcoming decade.

CBD skincare market: Future Market Insights gives a detailed segmentation on the global CBD skincare market with upcoming market trends, challenges and future growth dynamics across key geographies and prominent segments. The report provides a holistic approach, mapping the competitive landscape with detailed analysis on established players, new entrants, and opportunities likely to prevail across the 2021-2031 decade.

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact:

Future Market Insights

1602-6 Jumeirah Bay X2 Tower,

Plot No: JLT-PH2-X2A,

Jumeirah Lakes Towers, Dubai,

United Arab Emirates

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Website: https://www.futuremarketinsights.com/

Report: https://www.futuremarketinsights.com/reports/knee-reconstruction-market

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Medical Device News Magazine is a division of PTM Healthcare Marketing, Inc. Pauline T. Mayer is the managing editor.

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