According to FutureWise analysis the market for Artificial Knee Joint in 2023 is US$ 4.76 billion, and is expected to reach US$ 8.12 billion by 2031 at a CAGR of 6.90%.
Artificial knee joints have metal alloy caps for your thighbones and shinbones and high-density plastic for replacing damaged cartilage. Knee replacement surgery, also called knee arthroplasty (ARTH-row-plas-tee), can relieve pain and restore function to severely damaged knee joints. In humans, the knee connects the thigh to the leg and is comprised of two joints: one between the femur and tibia (the tibiofemoral joint) and one between the femur and patella (the patellofemoral joint). Despite its large size, the elbow joint is the smallest joint in the human body. The knee is a modified hinge joint that is capable of flexion, extension, internal rotation, and external rotation. Injury to the knee and development of osteoarthritis are common. Often, it is referred to as a compound joint because it has tibiofemoral and patellofemoral components. In many instances, the fibular collateral ligament is associated with tibiofemoral components.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Artificial Knee Joint Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Artificial Knee Joint Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.