Rising incidence of rheumatoid arthritis, joint pain, and other bone-related disorders have pushed the demand of artificial knee implants. Artificial knee implants can provide relief to patients suffering from persistent joint pain, especially the growing geriatric populace. Improvements in implant designs and use of biocompatible materials to extend the life of implants can popularize minimally invasive surgeries.
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Advent of 3D printing has made it possible to create customized implants according to gender or bone shape and size. Computer assisted surgery (CAS) and robotic assisted surgery are methods gaining prominence by performing successful surgeries and reduce patient recovery rate.
Customized Implants and Robotic Assistance
Types of surgical procedures for artificial knee implants are segmented into partial, total, and revision.
The total knee replacement (TKR) segment is expected to generate bigger revenues compared to its counterparts due to high demand for these surgeries in Germany and U.S. Advances in surgical procedures and their subsequent demand in developing economies are projected to spur segment demand in the forthcoming years. This is exemplified by the 100,000th successful surgery of the Mako System, a robotic assistant, by Stryker Corporation in 2017.
The partial knee replacement (PKR) segment is projected to gain good returns due to increasing incidence of unicompartmental knee osteoarthritis (UKOA). Improvements in implant designs and utilization of robots to increase surgical outcomes can augur segment demand in the forthcoming years. In 2017, Zimmer Biomet Holdings launched the Persona Partial Knee System to cater to patients demand for personalized implants.
Market Outlook
The artificial knee implant market is set to expand at a phenomenal growth rate in the forthcoming years, as per a report on Radiant Insights, Inc. Rise in market demand can be attributed to the growing geriatric populace, preference of minimally invasive surgeries (MIS), and prevalence of arthritis. Increasing investments in the healthcare sector in China and India can open up new opportunities for players in the near future. Price caps placed on knee implants in developing economies can lead to its implementation in hospitals. Key market players include B. Braun Melsungen AG; Zimmer Biomet Holdings, Inc.; Stryker Corporation; and Smith & Nephew plc.
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