Orthopedic implants restore functioning and alleviate pain in individuals with musculoskeletal disorders. These implants, such as joint replacements, plates, and screws, provide stability to fractured or damaged bones, facilitating proper healing. They are essential in treating conditions such as arthritis, fractures, and degenerative bone diseases, significantly improving patients' quality of life. The advancements in implant materials and designs contribute to enhanced durability and compatibility, allowing for long-term functionality.
According to Data Bridge Market Research analyses the Asia-Pacific Orthopedic Implants Market which was USD 4,893.65 million in 2022, is expected to reach USD 7,978.09 million by 2030, and is expected to undergo a CAGR of 6.30% during the forecast period of 2023 to 2030.
"Rise in age population boosts the market growth"
The Asia-Pacific orthopedic implants market is being propelled by a significant demographic shift, marked by a rapidly aging population in countries such as Japan, China, and South Korea. This trend results from increased life expectancy and declining birth rates, leading to a higher prevalence of age-related joint disorders such as osteoarthritis. As the aging population experiences heightened wear and tear on joints, the demand for orthopedic interventions, particularly joint replacements, is on the rise. This surge in orthopedic conditions, fueled by the aging demographic, is a key driver for the growing market for orthopedic implants in the Asia-Pacific region.
What restraints the growth of the Asia-Pacific orthopedic implants market?
“Lack of skilled healthcare professionals hampers the market growth”
The Asia-pacific orthopedic implants market faces a significant constraint due to a lack of skilled healthcare professionals. The shortage of adequately trained orthopedic specialists and support staff hampers the efficient adoption and utilization of orthopedic implants. This scarcity contributes to delays in surgeries, and suboptimal patient care, and limits the overall growth potential of the market. The demand for orthopedic procedures is on the rise, but the insufficient number of skilled professionals poses a challenge in meeting this demand effectively, impacting the market's expansion and the quality of orthopedic healthcare services in the Asia-Pacific region.
Segmentation: Asia-Pacific Orthopedic Implants Market
The Asia-Pacific orthopedic implants market is segmented on the basis of product, device type, biomaterial, procedures, and end users.
- On the basis of product, the Asia-Pacific orthopedic implants market is segmented into reconstructive joint replacements, spinal implants, trauma and craniomaxillofacial, dental implants, and orthobiologics
- On the basis of device type, the Asia-Pacific orthopedic implants market is segmented into internal fixation devices and external fixation devices
- On the basis of biomaterial, the Asia-Pacific orthopedic implants market is segmented into metallic biomaterials, polymeric biomaterials, ceramic biomaterials, natural biomaterials, and others
- On the basis of procedures, the Asia-Pacific orthopedic implants market is segmented into open surgery, minimally invasive surgery (MIS)
- On the basis of end users, the Asia-Pacific orthopedic implants market is segmented into hospitals, ambulatory care center, specialized clinics, orthopedic centers, and other
Regional Insights: China dominates the Asia-Pacific Orthopedic Implants Market
China dominates the Asia-Pacific orthopedic implants market, primarily fueled by the escalating elderly demographic within the region. As the senior population expands, there is a corresponding surge in demand for reconstructive joint replacements. The increasing prevalence of age-related musculoskeletal disorders and osteoarthritis is propelling the need for orthopedic implants, particularly joint replacements.
India is expected to experience the significant growth during the forecast period from 2023 to 2030. This growth is driven by the increasing incidence of musculoskeletal and orthopedic injuries in the country, propelled by factors such as a growing population, lifestyle changes, and heightened participation in sports. Improved healthcare infrastructure and rising awareness of advanced medical treatments further contribute to the demand for orthopedic implants, positioning India as a key player in shaping the regional orthopedic healthcare landscape.
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Recent Developments in Asia-Pacific Orthopedic Implants Market
- In September 2020, Smith & Nephew plc launched the REDAPT System for revision total hip arthroplasty (RTHA) in China, boosting sales and demand in the Asia-Pacific region
The Prominent 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.)
- 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 Services, Inc. (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of Asia-Pacific orthopedic implants market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Asia-Pacific Orthopedic Implants Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
