According to a new report by iData Research, the US knee reconstruction device market is expected to grow to over $5 billion (£2.97 billion) by 2020. This is due to the increasing number of people who require revision knee implants and is made up of primary knee implants, partial knee implants, revision implants and cutting blocks. According to iData Research, the main players driving this growth are Zimmer, DePuy Synthes, Stryker and Smith & Nephew.
"Since the demographic of knee arthroplasty patients has been changing to include younger patients, growth of revision procedures have increased," said Dr Kamran Zamanian, ceo of iData Research. On average the knee implants have a lifespan of 15 years. As revision implants carry the highest price of implants in this market, they will continue to aid the growth of the knee reconstruction device market, which is expected to grow to over $1 billion (£0.59 billion) by 2020.
The report also states that the prevalence of newer technological innovations, such as the use of knee cutting blocks will also drive the knee reconstruction device market. Custom patient implants have become an important talking point in the knee arthroplasty market as many companies are beginning to develop their own systems.