Total Knee Replacement Market Reaching Sales Of $8.10B By 2023
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Latest Research Report MediPoint: Total Knee Replacement - Global
Analysis and Market Forecasts provides information on pricing, market
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GlobalData estimates sales of
total knee replacement implants to be approximately $6.53B across all
39 countries in 2016. This market will grow at a CAGR of 3.1% over
the forecast period, reaching sales of $8.10B by 2023. Knee
reconstruction is a fully mature market that has experienced no major
innovation over the last decade other than incremental improvements.
As health executives are scrutinizing purchases and using multiple
channels to procure orthopedic devices at highly competitive prices,
profit margins have been negatively affected; thus, revenue growth is
dwindling in the global large joint reconstruction space.
As the economy grows, the volume
of knee replacement procedures is expected to increase further,
primarily due to the demographics of an aging population, a trend
towards early surgical intervention in younger patients, and further
improvements in insurance coverage in emerging countries. In the
years to come, launching and marketing a comprehensive large joint
portfolio with a clear value proposition will remain critical to
companies success as they jockey for market position. Meanwhile, a
long-term foothold within the global knee market hinges on how well
companies can align themselves with the primary market force
buffeting healthcare today: the need to deliver top-notch,
cost-effective care. Given the heightened competitive pressures and
shrinking reimbursement, the average selling price for TKR implants
is expected to decline in all of the geographies covered in this
report. However, GlobalData believes that revenue from increased
procedure volume will make up for this loss.
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Scope
- Outlook of sales volume, pricing
trends, revenue trends with 2016 as base year and forecasts until
2023, for total knee replacement implants.
- Company share analysis in 2016,
for total knee replacement implants.
- Market insights and competitive
assessment of the key players within the total knee replacement
market.
Reasons to buy
- Identify the unmet needs with
the current generation of knee replacement implants and understand
how emerging technologies will meet these unmet needs.
- Drive revenues by understanding
the key trends, innovative products and technologies, market
segments, and companies likely to impact the knee replacement market
in the future
- Formulate effective sales and
marketing strategies by understanding the competitive landscape and
analyzing the performance of various competitors
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Table of Contents
1 About the Authors
1.1 Analyst
1.1.1 Tobe Madu, MSc, Analyst,
Medical Devices
2 Table of Contents
2.1 List of Tables
2.2 List of Figures
3 Executive Summary
3.1 Key Metrics
3.2 Market Dynamics
3.3 Key Players
3.4 Future Outlook
3.5 What Do Physicians Think?
4 Introduction
4.1 Catalyst
4.2 Related Reports
4.3 Upcoming Related Reports
5 Market Outlook
5.1 Procedure Trends
5.2 Pricing Trends
5.3 Revenue Trends
5.4 Company Share Analysis
6 Market Insights
6.1 North America
6.1.1 Canada
6.1.2 Mexico
6.1.3 US
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6.2 Europe
6.2.1 Denmark, Finland, Norway,
and Sweden
6.2.2 Belgium, France, and
Netherlands
6.2.3 Germany, and Switzerland
6.2.4 UK and Ireland
6.2.5 Italy, Portugal, and Spain
6.2.6 Austria, Czech Republic,
Hungary, and Poland
6.2.7 Russia, Turkey, and Greece
6.3 APAC
6.3.1 Australia and New Zealand
6.3.2 China and Taiwan
6.3.3 India
6.3.4 Japan
6.3.5 South Korea
6.4 South America
6.4.1 Brazil
6.4.2 Argentina and Chile
6.5 Middle East and Africa
6.5.1 Israel
6.5.2 South Africa
6.5.3 Egypt, Saudi Arabia, and UAE
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