Asia-Pacific Orthopedic Implants Market research report is a wide-ranging synopsis on the study of A industry and its influence on the market environment. The key topics that have been explained in this business report include market definition, market segmentation, key developments, competitive analysis and research methodology. Market segmentation study covers research and analysis which is based on numerous market and industry segments such as application, vertical, deployment model, end user, and geography. A reliable Asia-Pacific Orthopedic Implants Market report is a clear-cut solution which can be adopted by businesses to thrive in this swiftly changing marketplace.
Data Bridge Market Research analyses that the Asia-Pacific Orthopedic Implants Market which was USD 4,603.62 million in 2021, would rocket up to USD 7505.26 million by 2029, and is expected to undergo a CAGR of 6.3% during the forecast period 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Asia-Pacific Orthopedic Implants Market research report delivers all-inclusive analysis of the market structure along with forecast of the diverse segments and sub-segments of the market. The report represents all-inclusive professional study of the A industry which focuses on primary and secondary drivers, market share, competitor analysis, leading segments and geographical analysis.
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Market Definition
Orthopedic implants are used to change or support a missing or damaged bone or joint in a patient’s body. The orthopaedic implants are intended to cure deformities or fractures, among other things, in order to restore normal skeletal function and stable body posture. The orthopaedic implants market has transformed as a result of technological advancements, which has resulted in a shift away from traditional surgical methods and toward the usage of current fixation and prosthetic devices.
Orthopedic Implants Market Dynamics
Drivers
Rise in the geriatric population
The market is being pushed by an ageing population and rising rates of osteoarthritis and osteoporosis around the world. Furthermore, increased medical tourism and technological improvements have played an important role in the global market’s expansion. The Orthopedic Implants Market is being driven by factors such as an increase in the geriatric population, a high risk of osteoporosis and osteoarthritis, as well as an increase in joint replacement and sports accidents around the world. Over the forecast period of 2022 to 2029, fractures and trauma cases are also expected to increase the Orthopedic Implants Market. Furthermore, technical advancements such as 3D printing and smart sensors, both of which have a high product penetration, are boosting market growth.
Advent of 3D printing technology
This has expanded a lot of attraction among medical device manufacturers for making patient-specific implants, prototypes, and biodegradable implants, among other things, propelling the industry forward.
Significant rise in the number of osteoporosis patients
In the coming years, advances in limiting side effects are projected to generate profitable prospects for the orthopaedic business. Obesity and diabetes, for example, have been linked to an increase in the incidence of degenerative joint disease, particularly among the elderly. As more young people engage in sports and fitness activities, the number of accidents associated with these activities rises. This has resulted in a rise in demand for orthopaedic implants all around the world.
Opportunities
In several areas, robotic surgery is becoming more popular. The use of automation in orthopaedic implant technologies is allowing for new growth opportunities. Furthermore, the use of robots simplifies the process. Robots are capable of doing more successful surgery than human surgeons. It increases robot adoption in the Orthopedic Implants Market. It is a necessary component that promotes rapid growth. Furthermore, growing research and development is another factor that provides potential for growth. The market’s top regional companies are investing millions of dollars in orthopaedic implants.
Restraints/Challenges
However, the orthopaedic implants market’s growth may be hampered by tight government standards for approval of orthopaedic implants, as well as the high cost of treatments including orthopaedic implant therapy.
Screws are crucial for the stability of most screw-plate fixation devices, and they are frequently associated with failure owing to pull-out caused by poor screw purchase or bone loss. Plates provide anatomic fracture reduction with open procedures as well as stability for early muscle-tendon unit and joint function, but they must be safeguarded from premature weight-bearing. The possibility of bone refracture following plate removal, stress protection, osteoporosis beneath a plate, plate irritation, and, in rare circumstances, an immunologic reaction are all disadvantages of plate fixation.
This orthopedic implants market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the orthopedic implants market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Some of the major players operating in the orthopedic implants market are:
Zimmer Biomet (U.S)
Smith & Nephew plc (U.K)
Medtronic (Ireland)
Stryker (U.S)
Braun Melsungen AG (Germany)
NuVasive, Inc. (U.S)
DJO, LLC (U.S)
Institut Straumann AG (Switzerland)
OSSTEM IMPLANT CO., LTD. (South Korea)
Narang Medical Limited (U.S)
Globus Medical (U.S)
Arthrex, Inc. (U.S)
CONMED Corporation (U.S)
Integra LifeSciences Corporation (U.S)
RTI Surgical (U.S)
W. L. Gore & Associates, Inc. (U.S)
Corin Group (U.K)
Johnson & Johnson Private Limited (U.S)
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COVID-19 Impact on Orthopedic Implants Market
This was predicted to have a detrimental influence on the need for orthopaedic sessions, which are often performed in outpatient settings. The emergence of COVID-19 has had an influence on the market, as hospital and health-care services have been severely constrained by governments around the world in response to societal unrest. Furthermore, the COVID-19 outbreak has impacted the worldwide economy and has had a considerable influence on regular hospital care for non-COVID-19 patients in hospitals all over the world. Due to the closure of many hospitals and clinics, the demand for digital bone implants is expected to decline in the near future.
Recent Development
Medtronic announced in October 2020 that their Adaptix Interbody System, the first guided titanium implant with Titan nanoLOCK Surface Technology, would be available in the United States. The company’s new product has enhanced its credibility and demand in the market, resulting in greater revenue in the region.
Smith & Nephew plc stated in September 2020 that it had introduced its REDAPT System for revision total hip arthroplasty (rTHA) in the Chinese market. The company’s new product has raised its sales and demand in the Asia-Pacific area.
Asia-Pacific Orthopedic Implants Market Scope
The orthopedic implants market is segmented on the basis of product, type, biomaterial and end- user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
Reconstructive Joint Replacements
Knee Replacement Implants
Hip Replacement Implants
Extremities
Upper Extremity Reconstruction
Elbow
Shoulder
Hand Wrist
Lower Extremity Reconstruction
Upper
Lower
Spinal Implants
Spinal Fusion Implants
Thoracolumbar Devices
Interbody Fusion Devices
Cervical Fixation Devices
Vertebral Compression Fracture (VCF) Devices
Balloon Kyphoplasty Devices
Vertebroplasty Devices
Motion Preservation Devices/Non-Fusion Devices
Dynamic Stabilization Devices
Artificial Disc Replacement Devices
Annulus Repair Devices
Nuclear Disc Prostheses
Dental Implants
Root Form Dental Implants
Plate Form Dental Implants
Trauma and Craniomaxillofacial
Orthobiologics
Demineralized Bone Matrix (DBM)
Allograft
Bone Morphogenetic Protein (BMP)
Viscosupplementation Products
Synthetic Bone Substitutes
Others
Others
Type
Knee
Hip
Wrist and Shoulder
Dental
Spine
Ankle
Others
Biomaterial
Metallic Biomaterials
Stainless Steel
Titanium Alloy
Cobalt Alloy
Others
Ceramic Biomaterials
Polymers Biomaterials
Others
End-User
Hospitals
Orthopedic Clinics
Ambulatory Signal Centers
Others
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Orthopedic Implants Market Regional Analysis/Insights
The orthopedic implants market is analysed and market size insights and trends are provided by country, product, type, biomaterial and end-user as referenced above.
The countries covered in the orthopedic implants market report are China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC).
The region’s growing senior population, which is rising demand for reconstructive joint replacements, China will dominate the orthopaedic implants industry. Orthopaedic implants and an increase in the frequency of musculoskeletal problems are boosting market growth in India.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The orthopedic implants market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for orthopedic implants market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the orthopedic implants market. The data is available for historic period 2010-2020.
Competitive Landscape and Orthopedic Implants Market Share Analysis
The orthopedic implants market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to orthopedic implants market.
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