BRIC Knee Replacement Market – According to study, “BRIC Knee Replacement Procedures Outlook to 2025” some of the major player that is working in the BRIC knee replacement procedure are DepuysynthesInc, Stryker Corp, Zimmer Biomet holdings Inc, Smith & Nephew Plc, Wright medical group.
Knee replacement is a surgical procedure to resurface a knee damaged surgery is used to relieve pain and disability. Knee replacement can be performed by a partial or a total knee replacement. In partial knee replacement surgery, the knee is replaced either the inside part, the outside part of the kneecap part of the knee. The increasing investment in the healthcare sector, the geriatric population coupled with the demand for minimally invasive surgeries are major factors fueling the increasing adoption of joint replacement procedures. In addition, growing awareness of the knee replacement led an increased number of an adult population undergoing early knee replacement surgeries providing untapped opportunities in the countries like China, Brazil and India are propelling the knee replacement market growth.
Technologically advanced implant material coupled with the development of the customized replacement implants has been forecasted to gain significant in knee replacement market. Knee replacement is a surgical procedure that decreases pain and improves the quality of life in many patients with severe arthritis of the knees. Typically patients undergo surgery after non-operative treatments have failed to provide relief of arthritic symptoms. Non-operative treatments include activity modification, anti-inflammatory medications, and knee joint injections.
There are many benefits of knee replacement surgery, which are pain relief, knee joint function improvement, improved mobility and improved quality of life etc. Some risks and complications are involved in knee replacement surgery such as deep vein thrombosis, fractures, loss of motion, instability, and infection.
In Brazil, 86% cemented knee replacement devices and 3% non-cemented knee replacement devices are used. The cost of surgery is very high, despite the high cost of 80% of Brazilian orthopedists prefer to use imported implants. Moreover, in Russia, the cost of surgery is very high for knee replacement surgery and only 33-40% of people are hospitalized and only 13% receive surgical treatment. In India, knee replacement surgery has a high success rate primarily due to the high-quality operation theatre & recuperation care, expertise & experience on the part of the surgeon, the right choices of implant etc. Moreover, 450 types of implants are available constructed from durable plastic, stainless steel, cobalt alloys, and titanium or chrome. In China, the cemented knee replacement devices are commonly used in. The major segments of the knee replacement market are the primary joint replacement, partial joint replacement, replacement, interposition knee implants, and knee revision.
The future of knee surgery lies in biological reconstruction, allografts, 3D printed biological scaffolds, tissue engineering, growth factors, and stem cells. In the upcoming years, knee replacement surgery will be employed surgical robot assistants. Despite being the widely used procedure for curing extremely debilitating diseases, such as osteoarthritis, the knee replacement faces some major challenges like an economic slowdown in the countries like Brazil which is preventing the market slowdown. Some of the growth restraining factors of the knee replacement market have high surgery cost, increasing competition, increasing number of OEM’s in the market and growing awareness for some non-surgical treatment methods such as exercises, weight loss, walking aids, shoe inserts, and painkiller medicines.
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Ankur Gupta, Head Marketing & Communications