Latest news with #agingpopulation
Yahoo
5 days ago
- Business
- Yahoo
Knee Replacement Surgery Market worth $16.17 billion in 2030 with 6.1% CAGR
DELRAY BEACH, Fla., July 24, 2025 /PRNewswire/ -- The global Knee Replacement Surgery Market, valued at US$10.86 billion in 2023 stood at US$12.00 billion in 2025 and is projected to advance at a resilient CAGR of 6.1% from 2025 to 2030, culminating in a forecasted valuation of US$16.17 billion by the end of the period. The key factor propelling the market is the increasing prevalence of osteoarthritis, particularly among the aging population. This increase in cases is driving a higher demand for surgical interventions, including total and partial knee replacements. As life expectancy increases and age-associated degenerative changes to the knee joint become more pronounced, the necessity for these procedures is escalating. This demographic shift is a significant catalyst for market expansion, contributing to a growing global patient population requiring knee treatment solutions. Download PDF Brochure: Browse in-depth TOC on "Knee Replacement Surgery Market" 300 - Tables55 - Figures400 - Pages By product, the global knee replacement surgery market is segmented into knee implants, knee braces & support systems, and orthobiologics. The orthobiologics segment is expected to register significant growth over the forecast period. A growing number of patients are opting for non-surgical interventions to manage their conditions. Orthobiologics, such as Platelet-Rich Plasma (PRP) therapy, stem cell treatments, and hyaluronic acid injections, provide less invasive alternatives that enhance healing and stimulate tissue regeneration. These modalities are particularly beneficial for patients with early to moderate osteoarthritis, where conventional surgical interventions may be premature or unnecessary. By application, the global knee replacement surgery market is segmented into osteoarthritis & rheumatoid arthritis, degenerative disease, cancer, and other applications. The Centers for Disease Control and Prevention (CDC) reports that approximately 319,000 individuals aged 65 and older are hospitalized annually in the United States due to hip fractures. Surgical intervention typically involves the use of fixation devices that stabilize the fractured bone by immobilizing it, thereby providing a protective framework that facilitates healing. The incorporation of orthobiologics into orthopedic procedures is gaining traction, as these biological agents enhance the regenerative capacity of tissues and promote faster recovery. With the increasing prevalence of conditions such as rheumatoid arthritis and osteoarthritis, coupled with a growing geriatric population, there is a projected surge in the adoption of knee surgery devices to address these joint pathologies effectively. By end user, the end user segment of the knee replacement surgery market includes hospitals, ambulatory surgery centers, and orthopedic clinics. In 2024, hospitals accounted for the largest market share. Recent advancements in surgical technologies, anesthesia techniques, and shifts in Medicare reimbursement policies have driven an escalation in orthopedic procedures within outpatient environments, particularly ambulatory surgery centers. These developments are poised to significantly enhance the expansion of the ASC market. Consequently, we can anticipate a marked increase in the volume of knee arthroplasties conducted in these settings, thereby further propelling the growth of the ASC segment in the near future. Request Sample Pages : As of 2024, prominent players in the knee replacement surgery market are Zimmer Biomet (US), Stryker (US), Johnson & Johnson, Inc. (US), Smith+Nephew PLC (UK), and B. Braun (Germany). Stryker (US): Stryker ranks among the top firms in the global knee replacement surgery market. The organization has established a formidable presence in the global market, extending its operational reach across key regions, including Europe, North America, the Middle East, Africa, and the Asia Pacific. With a successful track record in more than 75 countries, the company has effectively built a strong brand recognition, particularly through its Orthopedics division, which specializes in advanced surgical devices for knee treatments. Driven by a commitment to growth, the firm continuously seeks to broaden its product portfolio, ensuring that it remains at the forefront of innovation by launching groundbreaking solutions tailored to meet the evolving demands of the market. To maintain its competitive advantage, the organization places a high priority on innovation and the creation of unique, differentiated products that stand out in an increasingly crowded marketplace. A central element of its strategy is a substantial investment in R&D, which fuels the introduction of pioneering technologies. These advancements are specifically designed to address the pressing, unmet needs of healthcare providers and patients, thereby enhancing treatment outcomes and improving the quality of care within the healthcare system. Zimmer Biomet (US) Zimmer Biomet (US) is among the leading companies in the global knee replacement surgery market. The firm is a key player in the healthcare industry, specializing in the production and distribution of a diverse range of medical devices and healthcare products designed to meet various medical needs. With a robust presence across multiple international markets, the company operates in notable countries such as Germany, where it taps into a highly developed healthcare system; France, which is known for its emphasis on innovation in medicine; and Italy, which has a rich history of medical advancements. In addition to these European nations, the firm's influence extends to Switzerland, renowned for its high-quality healthcare, as well as Spain and the UK, both of which represent significant markets for medical technology. The firm also maintains a strong foothold in Asia, including major economies such as Japan and South Korea, which are recognized for their cutting-edge healthcare technologies. Further expanding its global reach, the firm has established a presence in China, one of the fastest-growing healthcare markets in the world, as well as in Australia and New Zealand, where it provides vital healthcare solutions. The company is also active in Taiwan, India, Hong Kong, Thailand, Singapore, and Malaysia, where it meets the diverse medical needs of these dynamic populations. To support its extensive operations, the firm has developed a comprehensive distribution network that spans Benelux (Belgium, Netherlands, and Luxembourg) and the Nordic countries, ensuring effective market penetration in Central and Eastern Europe. Additionally, the firm has made significant inroads in the Middle East and Africa, regions that are increasingly recognizing the importance of advanced medical technology in improving healthcare outcomes. This strategic global presence not only enhances the firm's competitiveness but also reinforces its commitment to advancing healthcare worldwide. Johnson & Johnson Services, Inc. (US) Johnson & Johnson Services, Inc. (US) is a prominent entity within the knee replacement surgery sector, engaged in the comprehensive manufacturing, R&D, and global marketing of joint replacement technologies and related healthcare products. Operating under the MedTech business segment, it specializes in advancing knee replacement surgery products aimed at improving clinical outcomes through innovative technology. In a strategic collaboration with CrossRoads Extremity Systems (US), the company is focused on enhancing orthopedic care by integrating novel ideas to provide patients with superior health benefits. The firm commands a substantial market share across more than 60 countries, spanning multiple regions, including Asia Pacific, North America, the Middle East & Africa, and Europe. Additionally, it operates through a robust portfolio of key subsidiaries, which includes DePuy, Inc. (US), Animas Corporation (US), Ethicon, Inc. (US), and LifeScan, Inc. (US). For more information, Inquire Now! Related Reports: Joint Replacement Devices Market Orthopedic Braces & Supports Market Medical Robots Market Surgical Robots Market Minimally Invasive Surgical Instruments Market Get access to the latest updates on Knee Replacement Surgery Companies and Knee Replacement Surgery Market Size About MarketsandMarkets™: MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe. Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. 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Contact:Mr. Rohan SalgarkarMarketsandMarkets™ INC.1615 South Congress 103, Delray Beach, FL 33445USA: +1-888-600-6441Email: sales@ Our Website: Logo: View original content: SOURCE MarketsandMarkets
Daily Mail
22-07-2025
- Business
- Daily Mail
San Francisco enters alarming new 'doom loop' phase
By The San Francisco Bay Area is plummeting into a concerning new 'doom loop' as the region's rapidly aging population threatens its economic stability. San Francisco is seeing an influx of older residents, resembling the demographics of Tampa and Miami, Florida, where retirees are known to flock. With the California hot spot's median age on the rise - more quickly than anywhere else in the US - worries about San Francisco's financial future have emerged. There are now less young people contributing to the economy by working, renting or simply going out, and industries across all sectors are feeling the burn. Having older residents also means many of them will be dependent on Social Security checks, increasing the federal burden in the region. And while San Francisco is facing the brunt of this unrelenting combination of factors, experts warn metros across the country are at the same risk. 'The aging thing might be the most important thing happening in American society that people aren't paying attention to enough,' urbanism expert Richard Florida, a professor at the University of Toronto, told the San Francisco Chronicle. 'And, in places like the Bay Area where everything's so expensive, it's arguably even more important.' The cost of living in San Francisco is roughly 67 percent higher than the national average, according to Rent Cafe data. Reporters from the SF Chronicle ventured to various parts of the Bay Area to gauge the extent of this economic demise. Berkeley, once a bustling neighborhood home to UC Berkeley, is now categorized as 'a retirement community' of mainly single-family homes. Despite the surrounding neighborhood, UC Berkeley's enrollment rates have been steadily increasing over the past several years, according to the university. In Sonoma County, the number of children had plunged 35 percent over the past 10 years, the outlet reported. San Francisco bars have seen an overall decline in business, as older customers generally spend less money while younger patrons have been drinking less. This alarming demographic shift in the Bay Area has been an under-estimated issue for years, but its impact was undeniable over the course of the pandemic. From 2020 to 2024, the metro's median age jumped the most out of all the country's major regions, the SF Chronicle reported. In 2020, the median age was 39, while it grew to 41 four years later. By 2055, more than half the Bay Area's nine counties will be pushing 50 years old. Meanwhile, other major regions such as Houston, Texas and Seattle, Washington have not yet seen median ages of 36 and 38 respectively. San Francisco's future is looking grim, as the area has the smallest percentage of children out of the top 20 US metros. Last year, less than 19 percent of the city's population was under 18 years old. San Francisco County is in even worse shape, with only 13.5 percent of its population being children. Less children and young people means that academic institutions will see less students and many will likely be forced to shut down, experts predict. And data shows people starting families in the city are not particularly inclined to stay there. 'It's a major trigger point,' San Francisco's chief economist Ted Egan (pictured) told the SF Chronicle. 'People bump into space limitations in a rent-controlled apartment.' Those who stay in San Francisco tend to be established property owners, generally of an older age group. This 'lock-in' effect has caused housing prices to skyrocket. The SF Chronicle reported that industries catering to older demographics - people in their 40s and beyond instead of those in their 20s and 30s - have been thriving. For instance, a clinic focused on helping people extend their lifespans in South San Francisco charges patients $19,000 a year for its services. But in the years to come, industries serving the elderly could also face road bumps. Older individuals will need senior living facilities and home health aides, which may be difficult to accomplish in a place with high construction costs and a shortage of skilled caregivers.
Daily Mail
22-07-2025
- Business
- Daily Mail
San Francisco plunges into terrifying new 'doom loop' threatening to upend every aspect of life… and it won't be the last US city
The San Francisco Bay Area is plummeting into a concerning new 'doom loop' as the region's rapidly aging population threatens its economic stability. San Francisco is seeing an influx of older residents, resembling the demographics of Tampa and Miami, Florida, where retirees are known to flock. With the California hot spot's median age on the rise - more quickly than anywhere else in the US - worries about San Francisco's financial future have emerged. There are now less young people contributing to the economy by working, renting or simply going out, and industries across all sectors are feeling the burn. Having older residents also means many of them will be dependent on Social Security checks, increasing the federal burden in the region. And while San Francisco is facing the brunt of this unrelenting combination of factors, experts warn metros across the country are at the same risk. 'The aging thing might be the most important thing happening in American society that people aren't paying attention to enough,' urbanism expert Richard Florida, a professor at the University of Toronto, told the San Francisco Chronicle. 'And, in places like the Bay Area where everything's so expensive, it's arguably even more important.' The cost of living in San Francisco is roughly 67 percent higher than the national average, according to Rent Cafe data. Reporters from the SF Chronicle ventured to various parts of the Bay Area to gauge the extent of this economic demise. Berkeley, once a bustling neighborhood home to UC Berkeley, is now categorized as 'a retirement community' of mainly single-family homes. Despite the surrounding neighborhood, UC Berkeley's enrollment rates have been steadily increasing over the past several years, according to the university. In Sonoma County, the number of children had plunged 35 percent over the past 10 years, the outlet reported. San Francisco bars have seen an overall decline in business, as older customers generally spend less money while younger patrons have been drinking less. This alarming demographic shift in the Bay Area has been an under-estimated issue for years, but its impact was undeniable over the course of the pandemic. From 2020 to 2024, the metro's median age jumped the most out of all the country's major regions, the SF Chronicle reported. In 2020, the median age was 39, while it grew to 41 four years later. By 2055, more than half the Bay Area's nine counties will be pushing 50 years old. Meanwhile, other major regions such as Houston, Texas and Seattle, Washington have not yet seen median ages of 36 and 38 respectively. San Francisco's future is looking grim, as the area has the smallest percentage of children out of the top 20 US metros. Last year, less than 19 percent of the city's population was under 18 years old. San Francisco County is in even worse shape, with only 13.5 percent of its population being children. Less children and young people means that academic institutions will see less students and many will likely be forced to shut down, experts predict. And data shows people starting families in the city are not particularly inclined to stay there. 'It's a major trigger point,' San Francisco's chief economist Ted Egan told the SF Chronicle. 'People bump into space limitations in a rent-controlled apartment.' Those who stay in San Francisco tend to be established property owners, generally of an older age group. This 'lock-in' effect has caused housing prices to skyrocket. The SF Chronicle reported that industries catering to older demographics - people in their 40s and beyond instead of those in their 20s and 30s - have been thriving. For instance, a clinic focused on helping people extend their lifespans in South San Francisco charges patients $19,000 a year for its services. But in the years to come, industries serving the elderly could also face road bumps. Older individuals will need senior living facilities and home health aides, which may be difficult to accomplish in a place with high construction costs and a shortage of skilled caregivers.
Bloomberg
19-07-2025
- Business
- Bloomberg
Colleges Tap Boomers' Wealth by Building Senior Living on Campus
At a time of dwindling US student enrollment, tight school finances and a rapidly aging population, the unusual mashup of schools and senior living is gaining wider appeal. Bloomberg's Elizabeth Rembert explains. (Source: Bloomberg)
Yahoo
16-07-2025
- Health
- Yahoo
Opinion: Seniors, health care and housing — the crisis few Canadians are talking about
According to a recent report, the number of seniors experiencing homelessness in Canada is rising fast. And according to data from the federal government, seniors are now more likely to face homelessness than youth and non-senior adults. In light of Canada's aging population, these trends will likely continue to grow. In other words, we have a public health crisis affecting one of our most vulnerable populations. And very few policy-makers are talking about it. The reasons for this crisis intersect and include high housing prices, reduced pension plans, loneliness and social isolation, and health conditions such as dementia and mental illness. Regardless of the reasons, if you don't have a home, your health is at risk. And any health conditions you may have will likely get worse. In 2017, in response to growing demand, the federal government established the Division of Aging, Seniors and Dementia department within the Public Health Agency of Canada. Its latest report (published in January 2024) confirms that Canada still lacks a national strategy to manage the country's aging population. Our health-care system remains siloed and fragmented, making it difficult to navigate, especially for seniors with little family or community support, and for caregivers experiencing stress and burnout. So, it's time to think big. Simply put, we need a health-care system that promotes healthy aging and provides housing options for older Canadians to grow old safely and with dignity. The care spectrum for older adults is a continuum, which should be seamless as we transition from one level of care to another, including from home support to assisted living to supportive living and sometimes to long-term care. Seniors are most vulnerable during these points of transition, which can be confusing and, if not properly navigated, negatively affect medical conditions and overall health. For example, many seniors struggle to access adequate home support with consistent and familiar staffing, and many don't know how to apply for long-term care and manage the anxiety associated with change. To ensure smoother transitions for seniors, the provinces, which administer health care, must reduce fragmentation within the health-care system. For starters, different aspects of the system (municipalities and provinces, for example) should better collaborate to support healthy aging so care-providers can better communicate with each other and seniors (and their caregivers) aren't forced to manage the communication by themselves. Apart from an improved health-care system, the crisis also demands a housing strategy aimed at healthy aging. We should explore novel approaches including modular housing (like Toronto has tried), which is prescribed by care-providers to seniors. Such housing options should be accompanied by community-based services that address the physical and mental-health needs of seniors. When the health-care system becomes more seamless and better connected with housing support, seniors (and their families and caregivers) will be better able to navigate the system. This may all seem like a tall task, and it is. The pace of health-care reform in Canada has been slow and fraught with opposition. Reforming entrenched health-care bureaucracies, while also integrating more community and housing support into the system, will require true leadership from various levels. And major investments from government. But our seniors deserve no less. Again, the provinces must provide the impetus and develop plans informed by local health data, which include data on seniors who have unique health needs such as dementia and Alzheimer's. For examples of bold successful reforms, our policy-makers can learn from other universal health-care countries such as Switzerland, where the public system helps cover home support and long-term care. Canada should learn from other countries that provide timelier access, which often results in better health outcomes. We must also ensure adequate and sustainable staffing in the seniors' care sector through health-care professional education and re-skilling. Investments in our people will help improve health outcomes for seniors. Again, it's time to think big. In light of Canada's aging population and the looming housing crisis, time for many seniors is running out. Fresh thinking, with an ambitious, co-ordinated and strategic approach, can help our seniors and their loved ones access the care and support they deserve. The promise of universal health care must include healthy aging. Dr. Roger Wong is a clinical professor of geriatric medicine at the University of B.C. How a group of Vancouver volunteers is helping older adults reconnect with the outdoors — one ride at a time Woman's meltdown prevented doctor visit in B.C. starvation death inquest: caretaker
