PARTIAL KNEE ARTHROPLASTY MARKET ANALYSIS

Partial Knee Arthroplasty MarketSize and Trends

Global Partial Knee Arthroplasty Market– Dynamics

The rising prevalence of knee replacement surgeries is expected to propel the global partial knee arthroplasty market growth. For instance, as stated in the article published on September 24, 2021 on the drug watch a consumer advocacy organization, in the U.S. over 600,000 people undergo total or partial knee replacement surgery every year and the number is continuously growing and is estimated to grow to 3.48 million by 2030.

The increasing launches and approvals of  knee systems is expected to boost the global partial knee arthroplasty market growth. For instance, on April 21, 2021, Zimmer Biomet Holdings, Inc. received the U.S. FDA approval for ROSA partial knee system for robotically aided partial knee arthroplasty. On May 20, 2020, Smith Nephew, a global medical technology company launched JOURNEY II Unicompartmental Knee System to provide a customized method to partial knee arthroplasty.

In addition, emergence of robotically assisted partial knee surgeries is also expected to fuel the global partial knee arthroplasty market growth over the forecast period. For instance, on March 14, 2017, Stryker Corporation launched Mako robot in the U.S. to perform partial and total knee replacements surgery.

Furthermore, increasing mergers, agreements, and acquisitions by market players are expected to boost the global partial knee arthroplasty market growth over the forecast period. For instance, on November 24, 2020, Exactech, Inc. signed a distribution agreement with orthopedic manufacturer Bodycad for its Reflex Uni knee in the U.S. This collaboration broadens Exactech’s active intelligence technology platform of personalized, data-driven smart solutions.

These factors are expected to drive the global partial knee arthroplasty market growth over the forecast period.