Asia-Pacific Orthopedic Implants Market – Industry Trends and Forecast to 2031

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Asia-Pacific Orthopedic Implants Market – Industry Trends and Forecast to 2031

  • Medical Devices
  • Upcoming Report
  • Mar 2024
  • Asia-Pacific
  • 350 Páginas
  • Número de tablas: 220
  • Número de figuras: 60

Asia Pacific Orthopedic Implants Including Dental Implants Market

Tamaño del mercado en miles de millones de dólares

Tasa de crecimiento anual compuesta (CAGR) :  % Diagram

Diagram Período de pronóstico
2024 –2031
Diagram Tamaño del mercado (año base)
USD 5.20 Billion
Diagram Tamaño del mercado (año de pronóstico)
USD 8.48 Billion
Diagram Tasa de crecimiento anual compuesta (CAGR)
%
Diagram Jugadoras de los principales mercados
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Asia-Pacific Orthopedic Implants Market, By Products (Reconstructive Joint Replacements, Spinal Implants, Trauma and Craniomaxillofacial, Dental Implants, and Orthobiologics), Device Type (Internal Fixation Devices and External Fixation Devices), Biomaterial (Metallic Biomaterials, Polymeric Biomaterials, Ceramic Biomaterials, Natural Biomaterials, and Others), Procedures (Open Surgery, Minimally Invasive Surgery (MIS)), End Users (Hospitals, Ambulatory Care Center, Specialized Clinics, Orthopedic Centers, and Others) – Industry Trends and Forecast to 2031.

Asia-Pacific Orthopedic Implants Market Analysis and Size

The orthopedic implants market is experiencing substantial growth due to a surge in accidents and sports injuries globally, necessitating internal fixation surgery. The rising number of orthopedic surgeries is driving the demand for orthopedic devices, particularly those used in internal fixation procedures. Technological advancements in orthopedic equipment are further fueling market expansion in the region. Altogether, the increasing incidence of fractures, coupled with advancements in medical technology, is contributing to the robust growth of the Asia-Pacific orthopedic implants market.

Data Bridge Market Research analyses the Asia-Pacific orthopedic implants market, which was USD 5.20 billion in 2023, is expected to reach USD 8.48 billion by 2031, at a CAGR of 6.30% during the forecast period 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Report Scope and Market Segmentation      

Report Metric

Details

Forecast Period

2024-2031

Base Year

2023

Historic Years

2022 (Customizable to 2016-2021)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Products (Reconstructive Joint Replacements, Spinal Implants, Trauma and Craniomaxillofacial, Dental Implants, and Orthobiologics), Device Type (Internal Fixation Devices and External Fixation Devices), Biomaterial (Metallic Biomaterials, Polymeric Biomaterials, Ceramic Biomaterials, Natural Biomaterials, and Others), Procedures (Open Surgery, Minimally Invasive Surgery (MIS)), End Users (Hospitals, Ambulatory Care Center, Specialized Clinics, Orthopedic Centers, and Others)

Countries Covered

China, South Korea, Japan, India, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines and Rest of Asia-Pacific.

Market Players Covered

Zimmer Biomet (U.S.), Smith & Nephew plc (U.K.), Medtronic (Ireland), Stryker (U.S.), B. Braun SE (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 Services, Inc. (U.S.)

Market Opportunities

  • Age-Related Musculoskeletal Disorders Rapidly Increases with the Growing Aging Population
  • Technological Advancements Provides Improved Patient Surgical Procedures

Market Definition

Orthopedic implants serve as crucial medical instruments, addressing issues in the musculoskeletal system by replacing or reinforcing damaged bones and joints. These devices, ranging from artificial joints to screws and plates, are strategically implanted during orthopedic procedures such as joint replacements or fracture repairs. Composed of materials such as metal, ceramic, or plastic, these implants aim to restore normal function, enhance mobility, and alleviate pain in individuals with orthopedic conditions, significantly improving their quality of life.

Asia-Pacific Orthopedic Implants Market Dynamics

Drivers

  • Growing Awareness among the Patients Leads to Rise in Orthopedic Surgeries

As patients become more informed about orthopedic conditions and available treatment options, there is a surge in the number of individuals opting for orthopedic surgeries. This heightened focus on patient education is a key driver, propelling the market for orthopedic implants in the Asia-Pacific region. The growing awareness is contributing to greater acceptance and adoption of orthopedic interventions, boosting the market for orthopedic implants in the region.

  • Increased Research and Development Initiatives Enhances Efficacy of Orthopedic Implants

Increased investment in R&D is fostering innovation in orthopedic implant technologies, leading to the development of advanced and more effective solutions. This surge in research activities is particularly addressing the evolving needs of patients with musculoskeletal disorders. As a result, novel materials, improved designs, and cutting-edge manufacturing techniques are enhancing the quality and efficacy of orthopedic implants. This emphasis on innovation is a key driver propelling the Asia-Pacific orthopedic implants market forward, ensuring continuous advancements in patient care and treatment outcomes.

Opportunities

  • Age-Related Musculoskeletal Disorders Rapidly Increases with the Growing Aging Population

As the elderly demographic expands, there is an escalating prevalence of age-related musculoskeletal disorders and fractures, driving the demand for orthopedic implants. The need for joint replacement surgeries and orthopedic interventions is rising, creating a substantial market opportunity. Manufacturers in the region are poised to capitalize on this demographic trend by developing and supplying advanced orthopedic implants to meet the healthcare needs of the growing aging population in Asia-Pacific.

  • Growing Incidence Of Sports Injuries Increases the Demand for Orthopedic Implants

As more individuals engage in sports and physical activities, the demand for orthopedic implants, such as joint replacements and sports medicine devices, is expected to surge. This trend can drive market expansion, as patients seek advanced and effective orthopedic solutions to address sports-related injuries, fostering innovation and investment in the Asia-Pacific orthopedic implants market.

Restraints/Challenges

  • High Costs Limits the Affordability of Orthopedic Implant Solutions

The high expenses associated with orthopedic implants, including the cost of materials, manufacturing, and surgical procedures, limit accessibility for a considerable portion of the population. Affordability challenges particularly impact patients in developing economies, hindering widespread adoption of orthopedic implants. Reimbursement issues and limited healthcare budgets in certain regions contribute to the constraints.

  • Lack of Skilled Healthcare Professionals

The Asia-Pacific orthopedic implants market faces a significant challenge in the form of a shortage of skilled healthcare professionals. The complex nature of orthopedic surgeries demands a high level of expertise, and the limited pool of adequately trained professionals poses a restraint to the market's growth. This shortage hampers the timely and efficient delivery of orthopedic implant procedures, potentially leading to delayed treatments and increased patient waiting times.

This Asia-Pacific 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 Asia-Pacific 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.

Recent Developments

  • In November 2022, Equinix, Inc., and VMware, Inc. expanded their partnership, introducing VMware Cloud on Equinix Metal. This collaboration enhances enterprise application performance, security, and cost-effectiveness through distributed cloud services, potentially benefiting the orthopaedic implants market by ensuring robust and secure digital infrastructure for healthcare applications
  • In September 2022, Arm Ltd's launch of Neoverse V2 addresses escalating data demands, potentially benefiting the orthopedic implants market. This chip technology advancement supports data centers catering to healthcare needs, aligning with the growing technological requirements of orthopedic surgeries and treatments
  • In March 2022, Elea Digital and Vertiv's collaboration in Brazil for edge data center services ensures efficient critical infrastructure management. This partnership may contribute to the orthopedic implants market by enhancing the overall healthcare data processing infrastructure, ensuring seamless access to patient information for orthopedic procedures
  • In September 2020, Smith & Nephew plc's launch of the REDAPT System for revision total hip arthroplasty (rTHA) in China led to increased sales, potentially influencing the orthopedic implants market positively. The strategic expansion and market response underscore the demand for innovative hip arthroplasty solutions in the region

Asia-Pacific Orthopedic Implants Market Scope

The Asia-Pacific orthopedic implants market is segmented on the basis of products, device type, biomaterial, procedures, and end users. The growth amongst these segments will help you analyse 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.

Products

  • Reconstructive Joint Replacements
  • Spinal Implants
  • Trauma and Craniomaxillofacial
  • Dental Implants
  • Orthobiologics

Device Type

  • Internal Fixation Devices
  • External Fixation Devices

Biomaterial

Procedures

  • Open Surgery
  • Minimally Invasive Surgery (MIS)

End Users

  • Hospitals
  • Ambulatory Care Center
  • Specialized Clinics
  • Orthopedic Centers
  • Others

Asia-Pacific Orthopedic Implants Market Regional Analysis/Insights

The Asia-Pacific orthopedic implants market is analysed and market size insights and trends are provided by country, products, device type, biomaterial, procedures, and end users as referenced above.

The countries covered in the Asia-Pacific orthopedic implants market report are China, South Korea, Japan, India, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines and Rest of Asia-Pacific.

China dominates the orthopedic implants market driven by a rising senior population, which is fueling the demand for reconstructive joint replacements. The growing prevalence of age-related orthopedic issues underscores China's significant market dominance, as the need for joint replacements intensifies with an aging demographic. This trend positions China as a key player in shaping the trajectory of the orthopedic implants market across the Asia-Pacific region.

India is expected to experience the highest CAGR in the Asia-Pacific orthopedic implants market due to the increasing incidence of musculoskeletal and orthopedic injuries in the country, driving the demand for orthopedic implant procedures. As a result, India stands out as a key growth contributor in the forecasted period within the Asia-Pacific region.

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 such as 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 Asia-Pacific 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 Asia-Pacific orthopedic implants market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the Asia-Pacific orthopedic implants market. The data is available for historic period 2016-2021.

Competitive Landscape and Asia-Pacific Orthopedic Implants Market Analysis

The Asia-Pacific 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 the Asia-Pacific orthopedic implants market.

Key players operating in the Asia-Pacific orthopedic implants market include:

  • Zimmer Biomet (U.S.)
  • Smith & Nephew plc (U.K.)
  • Medtronic (Ireland)
  • Stryker (U.S.)
  • B. Braun SE (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 Services, Inc. (U.S.)


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Preguntas frecuentes

The Asia-Pacific Orthopedic Implants Market size will be worth USD 8.48 billion by 2031 during the forecast period.
The Asia-Pacific Orthopedic Implants Market growth rate is 6.30% during the forecast period.
Growing Awareness among the Patients Leads to Rise in Orthopedic Surgeries and Development Initiatives Enhances Efficacy of Orthopedic Implants are the growth drivers of the Asia-Pacific Orthopedic Implants Market.
The products, device type, biomaterial, procedures, and end users are the factors on which the Asia-Pacific Orthopedic Implants Market research is based.
The major companies in the Asia-Pacific Orthopedic Implants Market are Zimmer Biomet (U.S.), Smith & Nephew plc (U.K.), Medtronic (Ireland), Stryker (U.S.), B. Braun SE (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 Services, Inc. (U.S.).