Market Highlights
A swollen knee arises when surplus
fluid accumulates in or around your knee joint. It is also called as “water on
the knee” and “knee effusion”. A swollen knee may be a consequence of overuse
injuries, or trauma, and an underlying disease or condition. According to the
American Academy of Orthopedic Surgeons, the total knee replacement surgeries
is projected to grow by 3.5 million procedures per year by 2030. The swollen
knee treatment market is anticipated to grow due to the rise in geriatric
population, obesity, arthritis, and others. Serious complications such as blood
clots, knee joint infections can be restraining factors for the growth of the
market.
Key Players
Some of the key players in the
global swollen knee treatment market are Stryker Corporation, Zimmer Holdings, Smith & Nephew
Plc., DePuy Companies Inc., Wright Medical Group Inc., Biomet Inc., Exactech,
B. Braun Melsungen AG, Pfizer Pharmaceuticals Inc., Merck & Co., Fresenius
Kabi, AngioDynamics , C.R.Bard ,Teleflex, and Smiths Medical
Segmentation
The global swollen knee treatment
market has been segmented on the basis of type and end-users. On the basis of
type, the market has been classified as medications, patient-controlled
analgesia (PCA) pumps, nerve blocks, liposomal bupivacaine, and surgery. The
medications have been segmented into opioids and corticosteroids and others.
The surgery is segmented into arthrocentesis, arthroscopy and knee replacement.
The knee replacement is further segmented into total knee replacement,
unicompartmental knee replacement, and others. On the basis of end-users, the
market has been classified as hospitals, clinics, ambulatory surgery centers,
and others.
Regional Analysis
The Americas is projected to lead
the swollen knee treatment market in the forecast period. Rising rate in a
number of surgeries due to factors such as accidents, injuries, and others
contribute majorly to the growth of the market. Increasing healthcare
awareness, advancement in technology, medical tourism, and an increase in
disposable income are some other factors that boost the growth of the market.
The European market is expected to
hold the second largest market share as osteoarthritis is most common in
Germany. The European market is projected to grow because of the increase in
elderly population, growing prevalence of diabetes, and obesity in the region.
Asia-Pacific was projected to be the
fastest growing region for the global swollen knee treatment market. The market
is expected to witness growth owing to the rising patient population, changing
lifestyle, and growing elderly population. This is expected to provide
favorable backgrounds for the market to grow.
The Middle East and Africa accounts
for the least share due to stringent government policies and low per capita
income.
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