Product ID: UCMIR15A2092
Report ID:
UCMIR15A2092 |
Region:
Regional |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Global sales of knee implants were valued USD 10.7 billion in 2021, and from 2022 to 2030, they are projected to increase at a CAGR of 5.7%. The prevalence of arthritis and the rise in minimally invasive surgery utilisation are to blame for this trend. These elements are anticipated to promote the adoption of replacement devices, which will fuel market expansion. According to Lancet Publications, there will be 654.1 million cases of knee osteoarthritis worldwide in 2020. Since older persons are more likely to experience knee-related problems, the necessity for knee surgeries and, consequently, the demand for knee implants, rises as the aged population grows.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Commodity Chemicals by segment aggregation, the contribution of the Commodity Chemicals in Diversified Materials and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Product ID: UCMIR15A2092