Knee Implants Market Competitive Landscape & Strategy Framework To 2014 - 2025

Knee implant is practiced widely owing to its characteristic of relieving the pain and assists patrons live a fuller, and more active life. The evolving market has been undergoing a period of gradual technological and new product advancements due to growing demand. The manufacturing companies are elevating their corresponding business share owing to growing responsiveness among people, with the aid of aggressive marketing activities.

The implantation is performed when a patient suffers from knee pain, disability from rheumatoid arthritis, or osteoarthritis or a traumatic injury. The artificial device is implanted and replaced with the damaged knees by the surgeon. There are various types of implants that are equipped by means of strong plastic parts, metal alloys or ceramic material. Artificial joints comprise of three constituents such as patellar component (plastic), a femoral component (metal) and tibial component (metal and plastic). Metal components include cobalt-chromium based alloys or titanium. These materials have been accredited for their firm chemical properties they possess such that they do not interact with the body and are durable.

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However, in occasional circumstances, patients may experience allergies to certain metals, which play a major role in determining the surgery device being used. Recipients can have a total or a partial knee replacement. The alteration is subjected to recipient’s state whether they are able to work and perform their daily activities and pain level. Partial replacement surgery has also been gaining relevance in the recent years whereby a part of the bone in the joint is replaced. Manufacturers have been producing various medical devices to create variations of devices, to address both surgical options and thereby aid the surgeon in deciding if a total or partial replacement is appropriate for the patient.

Technical developments in knee implant surgery segment have conveyed negligible painful surgery techniques and have thereby made it possible to perform surgeries with the help of minor incisions, lesser tissue injuries, lower blood loss and faster recovery time, ensuring reliability and safety. Manufacturers, such as Biomet and Zimmer trade artificial knees as gender-specific or different for men contrasted with women. Companies claim that these prostheses justify and adjust for functional differences between the male and female.

The economic slowdown is expected to pose a challenge to market growth owing to which, the hospitals have begun reducing their operational costs. Moreover, the high cost involved in the implantation surgery has been acting as a hindrance for the patients. Rising number of OEMs in the industry and growing awareness of non-surgical methods such as walking aids, exercises, shoe inserts, weight loss and pain killer medicines are some of the challenges of the industry.