Total knee arthroplasty is a popular surgical operation used to relieve pain and restore function to a severely damaged knee joint in orthopedic disorders such as osteoarthritis. This procedure includes removing damaged knee bones and replacing them with metal alloy implants and polyethylene polymers. Orthopedic surgeons do a thorough medical examination to establish the surgery's appropriateness and dangers. Before sealing the surgical incision, an imaging study of the knee, such as radiography, is performed to determine the amount of joint damage and assure adequate alignment of the artificial joint. Total knee arthroplasty is advised in diseases such as significant knee pain while doing daily activities, knee deformity, persistent knee inflammation, and failure of alternative pain management pills or surgical therapies.
The worldwide total knee arthroplasty market is predicted to be worth $8,739.2 million in 2021, with a CAGR of 4.0 percent during the forecast period (2021-2028).
The COVID-19 epidemic and lockdown in several nations across the world have had a detrimental influence on the financial health of enterprises in all industries. The medical equipment industry is one such industry that has been severely damaged by the epidemic.
Several individuals with arthritis are struggling to obtain treatment owing to hospitals postponing or delaying surgeries and other operations, including arthroplasty and other knee replacement surgeries, during the COVID-19 epidemic. There is also worry that individuals with moderate arthritis who require urgent surgery have determined that the danger of getting COVID-19 outweighs the advantages of arthroplasty. As non-essential surgical limitations exist in some regions of the United States, the COVID-19 pandemic is having a significant influence on hip and knee arthroplasty surgery volume, which might result in significant financial loss.