Partial replacement surgery has also been gaining relevance in the recent years whereby a part of the bone in the joint is replaced. Manufacturers have been producing various medical devices to create variations of devices, to address both surgical options and thereby aid the surgeon in deciding if a total or partial replacement is appropriate for the patient. Technical developments in knee implant surgery segment have conveyed negligible painful surgery techniques and have thereby made it possible to perform surgeries with the help of minor incisions, lesser tissue injuries, lower blood loss and faster recovery time, ensuring reliability and safety. Manufacturers, such as Biomet and Zimmer trade artificial knees as gender-specific or different for men contrasted with women. Companies claim that these prostheses justify and adjust for functional differences between the male and female.
The economic slowdown is expected to pose a challenge to market growth owing to which, the hospitals have begun reducing their operational costs. Moreover, the high cost involved in the implantation surgery has been acting as a hindrance for the patients. Rising number of OEMs in the industry and growing awareness of nonsurgical methods such as walking aids, exercises, shoe inserts, weight loss and pain killer medicines are some of the challenges of the industry.
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Failure to bond correctly to the bone is one of the most common problems. This can lead to pain and additional surgery. However, even the slightest defect in manufacturing or tiniest error on the part of a surgeon can lead to severe problems. Serious complications, such as a joint infection, occur in fewer patients. A bacterium is a common cause of infection post replacement surgery that enters the bloodstream by urinary tract infections, dental procedures or skin infections. However, the complication rate is low in case of replacement. The technologies such as 3D printed implants are being endorsed in the global business. Due to intense competition among manufacturers on prices, the business is getting affected. However, new technological advancements such as better implant materials, minimally invasive surgery and better success rates with the younger population opting for it, is expected to contribute significantly to business growth.
The major business players are B. Braun, Depuy, Stryker, Smith and Nephew, Pfizer, Zimmer. Zimmer is one of the prominent business players in the industry. It proposes surgeons a wide-ranging suite of unique and innovative instruments, implants and associated biologics. From the Personalized to partial knee systems, these medical devices help the surgeons to generate personalized resolutions for arthroplasty, depending on patient’ s condition. Stryker offers a fixed bearing system, Stryker Triathlon Total Knee Replacement System which is designed to work with the body to promote easier motion. Biomet has launched a new product, which accommodates the anatomy of the individual and is used for both men and women. It offers a high degree of inflection. North America and Europe hold the maximum trade share followed by Asia Pacific. Growing