Market Analysis
The global swollen knee treatment market is likely to grow at a notable CAGR between 2018- 2023, reveals the new Market Research Future (MRFR) report. Knee swelling, or what is also occasionally known as “water on the knee” occurs for the accumulation of surplus fluid in and around the knee joints. In medical terms, this condition is called “knee effusion”. Swelling in the knee can result on account of injuries like broken bones, cartilage tear, or torn ligament. Surgery, liposomal bupivacaine, nerve blocks, patient-controlled analgesia (PCA) pumps, and medications, are some of the different types of swollen knee treatment.
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Various factors are adding to the swollen knee treatment market share. Such factors, as revealed by the latest MRFR report, include rising prevalence of arthritis, obesity, sports-related injuries, diabetes, and osteoporosis, an increase in the geriatric population, rising cases of musculoskeletal diseases, and an increasing number of surgeries being undertaken.
On the contrary, financial slowdown, huge surgical cost, intense competition, and increasing awareness about non-surgical treatment like painkiller medicines, weight loss programs, walking aids, shoe inserts, and exercises are factors that may limit the swollen knee treatment market growth over the forecast period. Besides knee joint infections and complications may also restrict the market growth.
Market Segmentation
The Market Research Future Report provides an inclusive segmental analysis of the global swollen knee treatment market size based on end users and type.
By type, the swollen knee treatment market is segmented into surgery, liposomal bupivacaine, nerve blocks, patient-controlled analgesia (PCA) pumps, and medications. Medications are again segmented into corticosteroids and opioids, and others. Surgery is again segmented into knee replacement, arthroscopy, and arthrocentesis. Knee replacement is again segmented into unicompartmental knee replacement, total knee replacement, and others.
By end users, the swollen knee treatment market is segmented into ambulatory surgery centers, clinics, hospitals, and others.
Regional Analysis
By region, the global swollen knee treatment market report covers the growth opportunities and recent trends across North America, Europe, the Asia Pacific (APAC), and the Middle East and Africa (MEA). Of these, North America will dominate the market over the forecast period. Factors propelling the swollen knee treatment market growth in the region include favorable compensation setting for several surgical procedures, growing healthcare sector, increasing awareness, and early adoption of advanced medical technologies.
The swollen knee treatment market in Europe is predicted to hold the second-largest share during the forecast period. Factors propelling the swollen knee treatment market growth in the region include growing demand for advanced treatment procedures, the rising number of surgeries, and the growing frequency of diabetes patients in the region.
The swollen knee treatment market in the APAC region is predicted to grow at a fast pace over the forecast period. Factors propelling the swollen knee treatment market growth in the region include rising medical tourism, increasing disposable income, better adoption rate, burgeoning demand for advanced technology, and access to optimal treatment facilities.
The swollen knee treatment market in the MEA will have a small share over the forecast period due to poor medical facilities, a lack of technical knowledge, and an underdeveloped healthcare sector.
Key Players
Key players profiled in the global swollen knee treatment market report include Smiths Medical, Teleflex, C.R.Bard, AngioDynamics, Fresenius Kabi, Merck & Co., Pfizer Pharmaceuticals Inc., B. Braun Melsungen AG, Exactech, Biomet Inc., Wright Medical Group Inc., DePuy Companies Inc., Smith & Nephew Plc., Zimmer Holdings, and Stryker Corporation. Industry players have incorporated several strategies to stay head and shoulders above others in the completion and also cater to the growing needs of consumers. Some of these strategies include contracts, joint ventures, collaborations, strategic alliances, mergers and acquisitions, product launches, and others.
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