Knee Replacement Market Continues To Grow Owing To the Increasing Prevalence of Arthritis

 

Knee Replacement Market

Knee replacement helps relieve pain and restore function in severely diseased knee joints. Knee replacement, also known as knee arthroplasty, is a surgical procedure to replace the weight-bearing portions of the joint to alleviate pain and disability. It is most commonly done for osteoarthritis (osteoarthritic knees), and for other knee ailments including rheumatoid arthritis (inflammation of the joints) and psoriatic arthritis (inflammatory arthritis of the tissues). During this procedure, damaged bone or cartilage from kneecap, shinbone, and thighbone is replaced with a prosthesis (an artificial joint) made of metal alloys, polymers, and high-grade plastics.

Thus, there is an increasing demand for this type of surgery, owing to the increasing prevalence of rheumatoid arthritis, psoriatic arthritis, and osteoarthritis, especially in the United States. According to the Centers for Disease Control and Prevention (CDC), around 54.4 million (one in four) people in the U.S. have some form of arthritis, and the number is expected to reach 78 million by 2040. Various types of arthritis may affect the knee joint. It is a leading cause of disability, and causes pain, aching, stiffness, and swelling of the joints. Therefore, there is an increasing demand for knee replacement, driving the growth of the knee replacement market, especially in the United States.

Moreover, arthritis is more common among adults aged 65 years or older. According to the World Health Organization (WHO), by 2050, the world's population aged 60 years and older is expected to total 2 billion, up from 900 million in 2015. Therefore, with the growing geriatric population, the demand for knee replacement is also increasing with a rapid pace, worldwide. This in turn is also expected to accelerate the growth of the knee replacement market. Knee replacement surgery can help people suffering from osteoarthritic recover their independence by replacing the damaged cartilage in the knee.

The surgery helps relieve pain and restore function in severely diseased knee joints. Plastic and metal parts are used to cap the ends of the knee joint as well as the bones that make up the knee joint. Knee replacement aims to replace the damaged parts of the knee joint and relieve pain that cannot be controlled. The aforementioned factors are expedited to increase the demand for knee replacement, driving the knee replacement market growth. The major factor restraining the growth of the market is the increasing number of FDA (the Food and Drug Administration) recalls of knee replacement implants due to product failures, which may impede the growth of the knee replacement market.


Location: United States

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