KNEE REPLACEMENT MARKET ANALYSIS

Market Concentration and Competitive Landscape

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Rising Prevalence of Osteoarthritis

Rising prevalence of osteoarthritis,  the most common cause of knee replacements, can drive the market growth. Osteoarthritis occurs when the protective cartilage that cushions the ends of bones wears down over time. This causes friction and irritation in the joint. The knee is one of the weight-bearing joints that bears the brunt of osteoarthritis due to factors like increased life expectancy, obesity, and physical inactivity among older populations. Aging global demographic profile with a large geriatric population base has resulted in a greater population prone to knee problems and in need of knee replacement surgery.  Increasing life expectancy means many more years spent suffering from age-related joint degeneration. Knee osteoarthritis most commonly affects middle-aged to elderly individuals and is more common in women. Unless concrete preventive measures are taken at the community and healthcare system level to promote physical activity and weight management, rising prevalence of OA can boost demand for knee replacement procedures.