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Knee Replacement Market Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027

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  Knee Replacement In severely damaged knee joints, knee replacement surgery can help reduce discomfort and restore function. Cutting damaged bone and cartilage from your thighbone, shinbone, and kneecap and replacing it with an artificial joint (prosthesis) consisting of metal alloys, high-grade resins, and polymers is the operation. Because of the rising prevalence of kinds of arthritis such as osteoarthritis, psoriatic arthritis, and rheumatoid arthritis, as well as the growing senior population, demand for this procedure is predicted to rise throughout the projection period. According to Coherent Market Insights, The global Knee Replacement Market is estimated to be valued at US$ 9.4 billion in 2020 and is expected to exhibit a CAGR of 4.1% during the forecast period (2020-2027). More than 7% of adults in their 70s and 10% of those in their 80s had undergone a knee replacement, according to a research published in the Journal of Bone and Joint Surgery American (JBJSA) in 2015.
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