Patella Prostheses Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

The patella prosthesis is a medical device that replaces the kneecap. Patellar refers to the front of the knee's little triangular-shaped bone. The patella connects muscles in the lower leg to the femur bones by acting as an extension of tendons and ligaments. It can be used to treat damaged or diseased knees as well as provide relief to arthritis patients. Metal, ceramic, and polymer materials are commonly used in patella prostheses. The rise in geriatric population across the globe along with an increase in the prevalence of arthritis are expected to boost market growth during the forecast period.

MARKET SCOPE

The "Global Patella Prostheses Market Analysis to 2031" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the patella prostheses market with detailed market segmentation by material and end user. The report provides key statistics on the market status of the leading patella prostheses market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on material the market is segmented as, metal, plastic, alloy, and bioceramic.
  
•   Based on end user the market is segmented as, hospitals, clinics and ACs.
  

MARKET DYNAMICS

Drivers:

•   The rise in the geriatric population across the globe along with an increase in the prevalence of arthritis are expected to boost market growth during the forecast period.
  
•   The growing number of orthopedic surgeries across the globe coupled with the rise in demand for minimally invasive surgeries are also expected to fuel market growth.
  

Restraints:

•   Whereas, the higher cost of prostheses and surgery along with frequent product recalls is likely to hamper market growth during the forecast period.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South and Central America. The patella prostheses market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the patella prostheses market in these regions.

IMPACT OF COVID-19 ON PATELLA PROSTHESES MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. According to the current market situation, the report further assesses the present and future effects of the COVID-19 pandemic on the overall market, giving more reliable and authentic projections In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The report covers key developments in the patella prostheses market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnerships & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from the patella prostheses market are anticipated to have lucrative growth opportunities in the future with the rising demand for patella prostheses in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the patella prostheses market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Medacta International
  
•   Surgival
  
•   Zimmer Biomet
  
•   Medical Devices Business Services, Inc
  
•   Stryker
  
•   B. Braun Melsungen AG
  
•   Amplitude Ortho
  
•   Corin Group
  
•   DJO, LLC
  
•   SurgTech Inc
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Patella Prostheses Report Scope