Europe Knee Reconstruction Devices Market

Europe Knee Reconstruction Devices Market Size (2023 to 2028)

The Knee Reconstruction Devices Market in Europe was worth USD 2.12 billion in 2023 and is estimated to be growing at a CAGR of 4.37%, to reach USD 2.62 billion by 2028. The market is showcasing evident potential in the mentioned forecasting period.

People over the age of 65 are mainly affected by knee-related illnesses such as arthritis, and osteoarthritis is boosting the demand for the market. With the rising population, older people are primarily using knee reconstruction devices. There are also many technological advancements in this sector. In addition, many new healthcare plans are being introduced by many countries. These are the key factors that are driving the European knee reconstruction devices market. Moreover, people are getting knee reconstruction surgery in Europe because compared to other countries, Europe has high-quality equipment, and it also costs far less than other countries. This is increasing demand for the Europe Knee Reconstruction Market as people travel from other countries to have knee reconstruction surgery in European countries.

There are also increasing knee-related problems in people who are suffering from obesity. The increase in weight in obese people leads to difficulties with walking, concentrated in the knee part of the body. The market players are introducing new technological advancements related to clearing the problems of obese people. The rising number of hospitals and number of knee replacements. The growing issues with bone-related disorders and product approvals are increasing the demand for the market, and also, the number of patients is increasing with an increase in accidents.

Growth in product failures and product recalls is hampering the development of the market. In addition, the pressure caused by the knee repair devices is also restraining the market's growth.

This research report on the Europe Knee Reconstruction Devices Market has been segmented and sub-segmented into the following categories:

By Product Type:

• Primary Cemented
• Primary Cementless
• Partial
• Revision Implants

By Country:

• United Kingdom
• France
• Spain
• Germany
• Italy
• Russia
• Sweden
• Denmark
• Switzerland
• Netherlands
• Rest of Europe

The number of key players in Europe is increasing as Europe stands as the second biggest market in knee replacement after North America. The investments from the key players and government are growing and helping the growth of the market. The regions like England and Whales are significantly boosting the demand of the market with their new advancements. The number of institutions that are conducting the treatment for knees is increasing rapidly. With the help of National Health Services, third of the institutions are operated by the private sector. In Europe, the major drivers that are helping the growth of the knee reconstruction market are the increasing elderly and obese population and the low price of knee reconstruction surgery.

KEY MARKET PLAYERS:

Companies playing a leading role in the European Knee Reconstruction Devices Market analyzed in this report are Zimmer, Inc., Stryker, DePuy Synthes, Smith & Nephew plc, Arthrex, Inc., Exactech, Inc., Corin, DJO North America and Japan Medical Dynamic Marketing, Inc.