According to the research report titled, ‘Total Knee Replacement Market Size By Product, By Implant Type (Fixed-Bearing Implants, Mobile-Bearing Implants, Medial Pivot Implants), By Design (Cruciate Retaining, Posterior Stabilized Design), By Surgery Type By Fixation Material (Cemented, Cementless, Hybrid), By Material (Metal-on-plastic, Ceramic-on-plastic, Ceramic-on-ceramic, Metal-on-metal), By Polyethylene Inserts (Conventional Polyethylene Inserts, Highly Cross-Linked Polyethylene Inserts, Antioxidant Polyethylene Inserts), By End-use (Hospitals, Ambulatory Surgical Centers), COVID19 Impact Analysis, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2021- 2027’, available with MarketStudyReport, global total knee replacement market is expected   to grow significantly  over 2021-2027.
 

Rising prevalence of arthritis, ongoing advancements in implants, and increasing requirements for revised procedures for failed total knee arthroplasty are boosting the growth of global total knee replacement market.
 

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For the unversed, total knee replacement refers to a surgical procedure in which the affected knee joint is replaced with an artificial joint to ensure pain free and easy movement for the patient.
 

Surging adoption of tibial implants in knee replacement procedures, increasing infection rates contributing to rise in knee revisions, and growing demand for personalized and patient specific implants are augmenting industry outlook.
 

On the contrary, high costs associated with the surgery, rigid regulatory framework, increasing financial burden, along with surging number of knee implant recalls and innovation in subdermal implant are impeding market progression.
 

In terms of the product ambit of global total knee replacement market, revision knee replacement systems segment held substantial market share in 2020 and is anticipated to register a CAGR of 7.5% over the forecast duration. This is ascribed to rising the number of knee replacement surgeries and increasing demand for these procedures for failed total knee arthroplasty.
 

Based on implant type, the mobile-bearing implants segment was worth USD 1,175 million in 2020 and is speculated to record 9.9% CAGR over 2021-2027. Mobile-bearing implants offer better clinical outcomes, especially in younger patients.
 

Regionally speaking, Middle East & Africa market was valued at USD 157 million in 2020 and is slated to exhibit a CAGR of 8.1% over 2021-2027 creditable to rising cognizance about the benefits of knee replacement surgeries in various nations across the region.
 

Key players defining the competitive hierarchy of global total knee replacement market are Zimmer Biomet Holdings, Waldemar Link GmbH & Co. KG, Stryker Corporation, Smith & Nephew plc, MicroPort Scientific Corporation, Allegra Orthopedics Ltd., Medacta International S.A., Mathys Ltd., Bettlach,  Exatech Inc., DJO Global, Inc, DePuy Synthes (Johnson & Johnson Services, Inc, ), Corin Group Plc, Conformis Inc., B. Braun Melsungen AG, and Amplitude Surgical.