CLEVELAND, Nov. 21, 2016 /PRNewswire/ -- Demand for reconstructive knee replacements is forecast to increase 5.5 percent annually to $5.0 billion in 2020. The rising incidence of severe osteoarthritis conditions in the aging population will underlie gains. Growth will also benefit from improvements in technology and materials, but will be moderated by limits imposed on health insurance reimbursement rates as well as by the availability of non-surgical alternatives to knee replacement, such as hyaluronic acid injections and reinforced braces. These and other trends are presented in Medical Implants in the US, 6 th Edition, a new study from The Freedonia Group, a Cleveland-based industry research firm.
The study is available here http://www.freedoniagroup.com/industry-study/3465/medical-implants-in-the-us-orthopedic-cardiac-other-6th-edition.htmSince they were introduced in 1974, knee implants have evolved from simple hinged devices to sophisticated, multiple component configurations that mimic the natural action of the knee. On average, implants make up about 12 to 15 percent of the cost of knee replacement surgery. Contract prices of knee replacement systems start at about $3,000 for partial reconstructive models and range up to more than $10,000 for rotating platform models. Average unit prices are expected to decrease gradually due to healthcare cost containment pressures. The most widely used type of reconstructive knee replacement is the fixed-bearing model. These models cap the tibia with a flat metal component that holds a plastic spacer securely in place.