Swollen Knee Treatment Market Growth and Healthcare Industry Analysis in South Korea

 


Swollen knee is a common syndrome mostly found in geriatric adults. It occurs as a result of accumulation of excess fluid around the knee joint. Causes for occurrence vary from trauma to accidents leading to injuries such as torn ligaments, cartilage tear, and broken bones to some other underlying disease, including rheumatoid arthritis, gout, and tumors. Knee swelling leads to severe joint pains, which may require immediate medication. In addition, the syndrome may lead to stiffness, thus making it difficult for the patient to bend the knee properly.

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COVID-19 Impact Analysis

Pharmaceutical and biotech companies together with governments around the globe are working to address the COVID-19 outbreak, from supporting the development of vaccines to planning for medicine supply chain challenges. Currently, around 115 vaccine candidates and 155 molecules are in the R&D pipeline. Moreover, commonly used drugs such as hydroxychloroquine have witnessed a dramatic surge in demand for the management of COVID-19. Such high demand for these drugs has presented huge opportunities for manufacturers of COVID-19 management drugs, as many developed countries are facing shortage of these drugs. Thus, the pharmaceutical and biotechnology industries are expected to witness a significant growth in the future, owing to the demand for vaccine and treatment drugs for COVID-19. This, in turn, is expected to have a significant impact on the global swollen knee treatment market.

Global financial slowdown coupled with complete shift of healthcare infrastructure toward battling COVID-19 and related effects has resulted in delays in product launches and cancellations with respect to clinical trials. This is bound to hamper market growth of knee replacement market.

Growing shift towards adoption of non-surgical healthcare mechanisms such as therapeutic procedures, propaedeutic procedures coupled with growing awareness of the side effects and complications associated with surgical replacements may hamper market growth of knee replacement treatment mechanisms.

Key Market Players

  • ·        Stryker Corporation
  • ·        Zimmer Holdings
  • ·        Smith & Nephew Plc.
  • ·        DePuy Companies Inc.
  • ·        Wright Medical Group Inc.
  • ·        Biomet Inc.
  • ·        Exactech
  • ·        B. Braun Melsungen AG
  • ·        Pfizer Inc.
  • ·        Merck & Co.

 

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