Global Knee Replacement Implants Market Insight 2020, Forecast to 2030

Report Code : WOR2019054
Published On: Sep, 2020
Category : Medical Devices
Pages : 182

The Knee Replacement Implants market was valued at US$ xx in 2019, prior to COVID-19. Whereas post-COVID-19 scenario, the market for Knee Replacement Implants is projected to grow from US$ xx million in 2020, and is projected to reach xx by 2025, at a CAGR of xx% during the forecast period. Projected and forecast revenue values are in constant U.S. dollars, unadjusted for inflation. Product values are estimated based on manufacturers' revenue.

The report offers detailed coverage of Knee Replacement Implants industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Knee Replacement Implants by geography. The report splits the market size, by volume and value, on the basis of application type and geography.

In addition to this data, the report provides insight into drivers of market demand and strategies of suppliers. Key players are profiled, and their market shares in the global Knee Replacement Implants market are discussed.

The market is segmented by types:
Fixed-Bearing Implants
Mobile-Bearing Implants

It can be also divided by applications:
The Olds
Young people

And this report covers the historical situation, present status and the future prospects of the global Knee Replacement Implants market for 2015-2025. In this report, we analyze global market from 5 geographies: Asia-Pacific, Europe, North America, Middle East & Africa, South America.

Finally, the report provides detailed profile and data information analysis of leading company.
Johnson and Johnson
Smith & Nephew
Stryker
Zimmer Biomet
Arthrex
ConforMIS
Corenetec
Corin
Elite Surgical
Evolutis
FH ORTHO
Limacorporate
Medacta
MicroPort Scientific Corporation
Surgival
B. Braun
DePuy
Surgtech
Bioimpianti
IMECO SA
EgiFix Medical
X.NOV
Exactech Inc
Amplitude
Meril
Baumer
Beijing Chunlizhengda Medical Instruments
Waldemar LINK
DJO Global
Peter Brehm

Report Includes:
- xx data tables and xx additional tables
- An overview of global Knee Replacement Implants market
- An detailed key players analysis across regions
- Analyses of global market trends, with historical data, estimates for 2020 and projections of compound annual growth rates (CAGRs) through 2025
- Insights into regulatory and environmental developments
- Information on the supply and demand scenario and evaluation of technological and investment opportunities in the Knee Replacement Implants market
- Profiles of major players in the industry, including Johnson and Johnson, Smith & Nephew, Stryker, Zimmer Biomet, Arthrex..

Research Objectives
To study and analyze the global Knee Replacement Implants consumption (value & volume) by key regions/countries, product type and application, history data from 2015 to 2019, and forecast to 2025.
To understand the structure of Knee Replacement Implants market by identifying its various subsegments.
Focuses on the key global Knee Replacement Implants manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, Porter's five forces analysis, SWOT analysis and development plans in next few years.
To analyze the Knee Replacement Implants with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Knee Replacement Implants submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
With tables and figures helping analyze worldwide Global Knee Replacement Implants market, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.

Global Knee Replacement Implants Market Report 2020, Forecast to 2025

1 Scope of the Study
1.1 Knee Replacement Implants Introduction
1.2 Research Programs
1.3 Analysis of Macroeconomic Indicators
1.4 Years Considered
1.5 Methodology
1.6 Data Source
1.7 Research Objectives

2 Knee Replacement Implants Industry Overview
2.1 Global Knee Replacement Implants Market Size (Million USD) Comparison by Regions (2020-2025)
2.1.1 Knee Replacement Implants Global Import Market Analysis
2.1.2 Knee Replacement Implants Global Export Market Analysis
2.1.3 Knee Replacement Implants Global Main Region Market Analysis
2.2 Market Analysis by Type
2.2.1 Fixed-Bearing Implants
2.2.2 Mobile-Bearing Implants
2.3 Market Analysis by Application
2.3.1 The Olds
2.3.2 Young people
2.4 Global Knee Replacement Implants Revenue, Sales and Market Share by Manufacturer
2.4.1 Global Knee Replacement Implants Sales and Market Share by Manufacturer (2018-2020)
2.4.2 Global Knee Replacement Implants Revenue and Market Share by Manufacturer (2018-2020)
2.4.3 Global Knee Replacement Implants Industry Concentration Ratio (CR5 and HHI)
2.4.4 Top 5 Knee Replacement Implants Manufacturer Market Share
2.4.5 Top 10 Knee Replacement Implants Manufacturer Market Share
2.4.6 Date of Key Manufacturers Enter into Knee Replacement Implants Market
2.4.7 Key Manufacturers Knee Replacement Implants Product Offered
2.4.8 Mergers & Acquisitions Planning
2.5 Knee Replacement Implants Historical Development Overview
2.6 Market Dynamics
2.6.1 Market Opportunities
2.6.2 Market Risk
2.6.3 Market Driving Force
2.6.4 Porter's Five Forces Analysis
2.7 Coronavirus Disease 2019 (Covid-19): Knee Replacement Implants Industry Impact
2.7.1 How the Covid-19 is Affecting the Knee Replacement Implants Industry
2.7.2 Knee Replacement Implants Business Impact Assessment - Covid-19
2.7.3 Market Trends and Knee Replacement Implants Potential Opportunities in the COVID-19 Landscape
2.7.4 Measures / Proposal against Covid-19

3 Upstream and Downstream Market Analysis
3.1 Upstream Analysis
3.1.1 Macro Analysis of Upstream Markets
3.1.2 Key Players in Upstream Markets
3.1.3 Upstream Market Trend Analysis
3.1.4 Knee Replacement Implants Manufacturing Cost Analysis
3.2 Downstream Market Analysis
3.2.1 Macro Analysis of Down Markets
3.2.2 Key Players in Down Markets
3.2.3 Downstream Market Trend Analysis
3.2.4 Sales Channel, Distributors, Traders and Dealers

4 Global Knee Replacement Implants Market Size Categorized by Regions
4.1 Global Knee Replacement Implants Revenue, Sales and Market Share by Regions
4.1.1 Global Knee Replacement Implants Sales and Market Share by Regions (2015-2020)
4.1.2 Global Knee Replacement Implants Revenue and Market Share by Regions (2015-2020)
4.2 Europe Knee Replacement Implants Sales and Growth Rate (2015-2020)
4.3 APAC Knee Replacement Implants Sales and Growth Rate (2015-2020)
4.4 North America Knee Replacement Implants Sales and Growth Rate (2015-2020)
4.5 South America Knee Replacement Implants Sales and Growth Rate (2015-2020)
4.6 Middle East & Africa Knee Replacement Implants Sales and Growth Rate (2015-2020)

5 Europe Knee Replacement Implants Market Size Categorized by Countries
5.1 Europe Knee Replacement Implants Sales, Revenue and Market Share by Countries
5.1.1 Europe Knee Replacement Implants Sales by Countries (2015-2020)
5.1.2 Europe Knee Replacement Implants Revenue by Countries (2015-2020)
5.1.3 Germany Knee Replacement Implants Sales and Growth Rate (2015-2020)
5.1.4 UK Knee Replacement Implants Sales and Growth Rate (2015-2020)
5.1.5 France Knee Replacement Implants Sales and Growth Rate (2015-2020)
5.1.6 Russia Knee Replacement Implants Sales and Growth Rate (2015-2020)
5.1.7 Italy Knee Replacement Implants Sales and Growth Rate (2015-2020)
5.1.8 Spain Knee Replacement Implants Sales and Growth Rate (2015-2020)
5.2 Europe Knee Replacement Implants Revenue (Value) by Manufacturers (2018-2020)
5.3 Europe Knee Replacement Implants Sales, Revenue and Market Share by Type (2015-2020)
5.3.1 Europe Knee Replacement Implants Sales Market Share by Type (2015-2020)
5.3.2 Europe Knee Replacement Implants Revenue and Revenue Share by Type (2015-2020)
5.4 Europe Knee Replacement Implants Sales Market Share by Application (2015-2020)

6 Asia-Pacific Knee Replacement Implants Market Size Categorized by Countries
6.1 Asia-Pacific Knee Replacement Implants Sales, Revenue and Market Share by Countries
6.1.1 Asia-Pacific Knee Replacement Implants Sales by Countries (2015-2020)
6.1.2 Asia-Pacific Knee Replacement Implants Revenue by Countries (2015-2020)
6.1.3 China Knee Replacement Implants Sales and Growth Rate (2015-2020)
6.1.4 Japan Knee Replacement Implants Sales and Growth Rate (2015-2020)
6.1.5 Korea Knee Replacement Implants Sales and Growth Rate (2015-2020)
6.1.6 India Knee Replacement Implants Sales and Growth Rate (2015-2020)
6.1.7 Southeast Asia Knee Replacement Implants Sales and Growth Rate (2015-2020)
6.1.8 Australia Knee Replacement Implants Sales and Growth Rate (2015-2020)
6.2 Asia-Pacific Knee Replacement Implants Sales and Revenue (Value) by Manufacturers (2018-2020)
6.3 Asia-Pacific Knee Replacement Implants Sales, Revenue and Market Share by Type (2015-2020)
6.3.1 Asia-Pacific Knee Replacement Implants Sales Market Share by Type (2015-2020)
6.3.2 Asia-Pacific Knee Replacement Implants Revenue and Revenue Share by Type (2015-2020)
6.4 Asia-Pacific Knee Replacement Implants Sales and Market Share by Application (2015-2020)

7 North America Knee Replacement Implants Market Size Categorized by Countries
7.1 North America Knee Replacement Implants Sales, Revenue and Market Share by Countries
7.1.1 North America Knee Replacement Implants Sales by Countries (2015-2020)
7.1.2 North America Knee Replacement Implants Revenue by Countries (2015-2020)
7.1.3 United States Knee Replacement Implants Sales and Growth Rate (2015-2020)
7.1.4 Canada Knee Replacement Implants Sales and Growth Rate (2015-2020)
7.1.5 Mexico Knee Replacement Implants Sales and Growth Rate (2015-2020)
7.2 North America Knee Replacement Implants Revenue (Value) by Manufacturers (2018-2020)
7.3 North America Knee Replacement Implants Sales, Revenue and Market Share by Type (2015-2020)
7.3.1 North America Knee Replacement Implants Sales Market Share by Type (2015-2020)
7.3.2 North America Knee Replacement Implants Revenue and Revenue Share by Type (2015-2020)
7.4 North America Knee Replacement Implants Sales Market Share by Application (2015-2020)

8 South America Knee Replacement Implants Market Size Categorized by Countries
8.1 South America Knee Replacement Implants Sales, Revenue and Market Share by Countries
8.1.1 South America Knee Replacement Implants Sales by Countries (2015-2020)
8.1.2 South America Knee Replacement Implants Revenue by Countries (2015-2020)
8.1.3 Brazil Knee Replacement Implants Sales and Growth Rate (2015-2020)
8.2 South America Knee Replacement Implants Revenue (Value) by Manufacturers (2018-2020)
8.3 South America Knee Replacement Implants Sales, Revenue and Market Share by Type (2015-2020)
8.3.1 South America Knee Replacement Implants Sales Market Share by Type (2015-2020)
8.3.2 South America Knee Replacement Implants Revenue and Revenue Share by Type (2015-2020)
8.4 South America Knee Replacement Implants Sales Market Share by Application (2015-2020)

9 Middle East and Africa Knee Replacement Implants Market Size Categorized by Countries
9.1 Middle East and Africa Knee Replacement Implants Sales, Revenue and Market Share by Countries
9.1.1 Middle East and Africa Knee Replacement Implants Sales by Countries (2015-2020)
9.1.2 Middle East and Africa Knee Replacement Implants Revenue by Countries (2015-2020)
9.1.3 GCC Countries Knee Replacement Implants Sales and Growth Rate (2015-2020)
9.1.4 Turkey Knee Replacement Implants Sales and Growth Rate (2015-2020)
9.1.5 Egypt Knee Replacement Implants Sales and Growth Rate (2015-2020)
9.1.6 South Africa Knee Replacement Implants Sales and Growth Rate (2015-2020)
9.2 Middle East and Africa Knee Replacement Implants Revenue (Value) by Manufacturers (2018-2020)
9.3 Middle East and Africa Knee Replacement Implants Sales, Revenue and Market Share by Type
9.3.1 Middle East and Africa Knee Replacement Implants Sales Market Share by Type (2015-2020)
9.3.2 Middle East and Africa Knee Replacement Implants Revenue and Revenue Share by Type (2015-2020)
9.4 Middle East and Africa Knee Replacement Implants Sales Market Share by Application (2015-2020)

10 Global Knee Replacement Implants Market Segment by Type
10.1 Global Knee Replacement Implants Revenue, Sales and Market Share by Type (2015-2020)
10.1.1 Global Knee Replacement Implants Sales and Market Share by Type (2015-2020)
10.1.2 Global Knee Replacement Implants Revenue and Market Share by Type (2015-2020)
10.2 Fixed-Bearing Implants Sales Growth Rate and Price
10.2.1 Global Fixed-Bearing Implants Sales Growth Rate (2015-2020)
10.2.2 Global Fixed-Bearing Implants Price (2015-2020)
10.3 Mobile-Bearing Implants Sales Growth Rate and Price
10.3.1 Global Mobile-Bearing Implants Sales Growth Rate (2015-2020)
10.3.2 Global Mobile-Bearing Implants Price (2015-2020)

11 Global Knee Replacement Implants Market Segment by Application
11.1 Global Knee Replacement ImplantsSales Market Share by Application (2015-2020)
11.2 The Olds Sales Growth Rate (2015-2020)
11.3 Young people Sales Growth Rate (2015-2020)

12 Market Forecast for Knee Replacement Implants
12.1 Global Knee Replacement Implants Revenue, Sales and Growth Rate (2020-2025)
12.2 Knee Replacement Implants Market Forecast by Regions (2020-2025)
12.2.1 Europe Knee Replacement Implants Market Forecast (2020-2025)
12.2.2 APAC Knee Replacement Implants Market Forecast (2020-2025)
12.2.3 North America Knee Replacement Implants Market Forecast (2020-2025)
12.2.4 South America Knee Replacement Implants Market Forecast (2020-2025)
12.2.5 Middle East & Africa Knee Replacement Implants Market Forecast (2020-2025)
12.3 Knee Replacement Implants Market Forecast by Type (2020-2025)
12.3.1 Global Knee Replacement Implants Sales Forecast by Type (2020-2025)
12.3.2 Global Knee Replacement Implants Market Share Forecast by Type (2020-2025)
12.4 Knee Replacement Implants Market Forecast by Application (2020-2025)
12.4.1 Global Knee Replacement Implants Sales Forecast by Application (2020-2025)
12.4.2 Global Knee Replacement Implants Market Share Forecast by Application (2020-2025)

13 Analysis of Knee Replacement Implants Industry Key Manufacturers
13.1 Johnson and Johnson
13.1.1 Company Details
13.1.2 Product Information
13.1.3 Johnson and Johnson Knee Replacement Implants Production, Price, Cost, Gross Margin, and Revenue (2018-2020)
13.1.4 Main Business Overview
13.1.5 Johnson and Johnson News
13.2 Smith & Nephew
13.2.1 Company Details
13.2.2 Product Information
13.2.3 Smith & Nephew Knee Replacement Implants Production, Price, Cost, Gross Margin, and Revenue (2018-2020)
13.2.4 Main Business Overview
13.2.5 Smith & Nephew News
13.3 Stryker
13.3.1 Company Details
13.3.2 Product Information
13.3.3 Stryker Knee Replacement Implants Production, Price, Cost, Gross Margin, and Revenue (2018-2020)
13.3.4 Main Business Overview
13.3.5 Stryker News
13.4 Zimmer Biomet
13.4.1 Company Details
13.4.2 Product Information
13.4.3 Zimmer Biomet Knee Replacement Implants Production, Price, Cost, Gross Margin, and Revenue (2018-2020)
13.4.4 Main Business Overview
13.4.5 Zimmer Biomet News
13.5 Arthrex
13.5.1 Company Details
13.5.2 Product Information
13.5.3 Arthrex Knee Replacement Implants Production, Price, Cost, Gross Margin, and Revenue (2018-2020)
13.5.4 Main Business Overview
13.5.5 Arthrex News
13.6 ConforMIS
13.6.1 Company Details
13.6.2 Product Information
13.6.3 ConforMIS Knee Replacement Implants Production, Price, Cost, Gross Margin, and Revenue (2018-2020)
13.6.4 Main Business Overview
13.6.5 ConforMIS News
13.7 Corenetec
13.7.1 Company Details
13.7.2 Product Information
13.7.3 Corenetec Knee Replacement Implants Production, Price, Cost, Gross Margin, and Revenue (2018-2020)
13.7.4 Main Business Overview
13.7.5 Corenetec News
13.8 Corin
13.8.1 Company Details
13.8.2 Product Information
13.8.3 Corin Knee Replacement Implants Production, Price, Cost, Gross Margin, and Revenue (2018-2020)
13.8.4 Main Business Overview
13.8.5 Corin News
13.9 Elite Surgical
13.9.1 Company Details
13.9.2 Product Information
13.9.3 Elite Surgical Knee Replacement Implants Production, Price, Cost, Gross Margin, and Revenue (2018-2020)
13.9.4 Main Business Overview
13.9.5 Elite Surgical News
13.10 Evolutis
13.10.1 Company Details
13.10.2 Product Information
13.10.3 Evolutis Knee Replacement Implants Production, Price, Cost, Gross Margin, and Revenue (2018-2020)
13.10.4 Main Business Overview
13.10.5 Evolutis News
13.11 FH ORTHO
13.11.1 Company Details
13.11.2 Product Information
13.11.3 FH ORTHO Knee Replacement Implants Production, Price, Cost, Gross Margin, and Revenue (2018-2020)
13.11.4 Main Business Overview
13.11.5 FH ORTHO News
13.12 Limacorporate
13.12.1 Company Details
13.12.2 Product Information
13.12.3 Limacorporate Knee Replacement Implants Production, Price, Cost, Gross Margin, and Revenue (2018-2020)
13.12.4 Main Business Overview
13.12.5 Limacorporate News
13.13 Medacta
13.13.1 Company Details
13.13.2 Product Information
13.13.3 Medacta Knee Replacement Implants Production, Price, Cost, Gross Margin, and Revenue (2018-2020)
13.13.4 Main Business Overview
13.13.5 Medacta News
13.14 MicroPort Scientific Corporation
13.14.1 Company Details
13.14.2 Product Information
13.14.3 MicroPort Scientific Corporation Knee Replacement Implants Production, Price, Cost, Gross Margin, and Revenue (2018-2020)
13.14.4 Main Business Overview
13.14.5 MicroPort Scientific Corporation News
13.15 Surgival
13.15.1 Company Details
13.15.2 Product Information
13.15.3 Surgival Knee Replacement Implants Production, Price, Cost, Gross Margin, and Revenue (2018-2020)
13.15.4 Main Business Overview
13.15.5 Surgival News
13.16 B. Braun
13.16.1 Company Details
13.16.2 Product Information
13.16.3 B. Braun Knee Replacement Implants Production, Price, Cost, Gross Margin, and Revenue (2018-2020)
13.16.4 Main Business Overview
13.16.5 B. Braun News
13.17 DePuy
13.17.1 Company Details
13.17.2 Product Information
13.17.3 DePuy Knee Replacement Implants Production, Price, Cost, Gross Margin, and Revenue (2018-2020)
13.17.4 Main Business Overview
13.17.5 DePuy News
13.18 Surgtech
13.18.1 Company Details
13.18.2 Product Information
13.18.3 Surgtech Knee Replacement Implants Production, Price, Cost, Gross Margin, and Revenue (2018-2020)
13.18.4 Main Business Overview
13.18.5 Surgtech News
13.19 Bioimpianti
13.19.1 Company Details
13.19.2 Product Information
13.19.3 Bioimpianti Knee Replacement Implants Production, Price, Cost, Gross Margin, and Revenue (2018-2020)
13.19.4 Main Business Overview
13.19.5 Bioimpianti News
13.20 IMECO SA
13.20.1 Company Details
13.20.2 Product Information
13.20.3 IMECO SA Knee Replacement Implants Production, Price, Cost, Gross Margin, and Revenue (2018-2020)
13.20.4 Main Business Overview
13.20.5 IMECO SA News
13.21 EgiFix Medical
13.21.1 Company Details
13.21.2 Product Information
13.21.3 EgiFix Medical Knee Replacement Implants Production, Price, Cost, Gross Margin, and Revenue (2018-2020)
13.21.4 Main Business Overview
13.21.5 EgiFix Medical News
13.22 X.NOV
13.22.1 Company Details
13.22.2 Product Information
13.22.3 X.NOV Knee Replacement Implants Production, Price, Cost, Gross Margin, and Revenue (2018-2020)
13.22.4 Main Business Overview
13.22.5 X.NOV News
13.23 Exactech Inc
13.23.1 Company Details
13.23.2 Product Information
13.23.3 Exactech Inc Knee Replacement Implants Production, Price, Cost, Gross Margin, and Revenue (2018-2020)
13.23.4 Main Business Overview
13.23.5 Exactech Inc News
13.24 Amplitude
13.24.1 Company Details
13.24.2 Product Information
13.24.3 Amplitude Knee Replacement Implants Production, Price, Cost, Gross Margin, and Revenue (2018-2020)
13.24.4 Main Business Overview
13.24.5 Amplitude News
13.25 Meril
13.25.1 Company Details
13.25.2 Product Information
13.25.3 Meril Knee Replacement Implants Production, Price, Cost, Gross Margin, and Revenue (2018-2020)
13.25.4 Main Business Overview
13.25.5 Meril News
13.26 Baumer
13.26.1 Company Details
13.26.2 Product Information
13.26.3 Baumer Knee Replacement Implants Production, Price, Cost, Gross Margin, and Revenue (2018-2020)
13.26.4 Main Business Overview
13.26.5 Baumer News
13.27 Beijing Chunlizhengda Medical Instruments
13.27.1 Company Details
13.27.2 Product Information
13.27.3 Beijing Chunlizhengda Medical Instruments Knee Replacement Implants Production, Price, Cost, Gross Margin, and Revenue (2018-2020)
13.27.4 Main Business Overview
13.27.5 Beijing Chunlizhengda Medical Instruments News
13.28 Waldemar LINK
13.28.1 Company Details
13.28.2 Product Information
13.28.3 Waldemar LINK Knee Replacement Implants Production, Price, Cost, Gross Margin, and Revenue (2018-2020)
13.28.4 Main Business Overview
13.28.5 News
13.29 DJO Global
13.29.1 Company Details
13.29.2 Product Information
13.29.3 DJO Global Knee Replacement Implants Production, Price, Cost, Gross Margin, and Revenue (2018-2020)
13.29.4 Main Business Overview
13.29.5 DJO Global News
13.30 Peter Brehm
13.30.1 Company Details
13.30.2 Product Information
13.30.3 Peter Brehm Knee Replacement Implants Production, Price, Cost, Gross Margin, and Revenue (2018-2020)
13.30.4 Main Business Overview
13.30.5 Peter Brehm News

14 Research Findings and Conclusion

15 Appendix
The Global Knee Replacement Implants Market has been segregated into various crucial divisions including applications, types, and regions. Each market segment is intensively studied in the report contemplating its market acceptance, worthiness, demand, and growth prospects. The segmentation analysis will help the client to customize their marketing approach to have a better command of each segment and to identify the most prospective customer base.

Report Objectives / Segmentation Covered :

By Companies / players:
By Regions:
By Type:
By Application:

Frequently asked questions(FAQ's):

What is the major concern of the players in the Global Knee Replacement Implants Market?

As manufacturers prepare to scale up, Global Knee Replacement Implants companies must be clear and transparent about the impact of such volatility on the balance sheet.

What is the current state of the Global Knee Replacement Implants Industry, and what is the projected growth trajectory through 2029?

In 2023, the Global Knee Replacement Implants Market share surpassed USD xx million, and between 2024 and 2029, it will grow at a CAGR of yy%.

Where does the Global Knee Replacement Implants Industry stands in terms of scaling end-use implementations?

According to the Global Knee Replacement Implants Market research paper, organizations are making more progress than their supply chain counterparts, including suppliers.

Who should consider the Global Knee Replacement Implants Market study?

The Global Knee Replacement Implants Industry stakeholders, executives, and experts, as well as individuals who need to develop consumer-friendly strategies and use technology to stay ahead of the competition.