Market Industry Reports (MIR) has published a new report titled “Knee Arthroplasty Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the global knee arthroplasty market accounted for US$ 8,804.8 Million in 2019. It is anticipated to grow at a CAGR of 4.5% from 2019 to 2030.
The rising prevalence of several orthopedic diseases, increasing technological advancements and the growing aging population have augmented the market growth of knee arthroplasty globally. The increasing prevalence of osteoarthritis will further contribute to this market growth. Osteoarthritis is one of the most common reasons for knee replacement surgeries globally. According to the Canadian Institute for Health Information, approximately 70,000 knee replacements were performed in Canada in 2017–2018. It is also estimated that the number of patients undergoing joint replacements surgeries would drastically increase in the coming years.
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