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Pulished Date February, 2020
ID: 1387
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Asia Pacific Orthopedic Devices Market Research Report - Segmented By Anatomical Location, Consumable Type, Country (India, China, Japan, South Korea, Australia, New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore and Rest of APAC) - Industry Analysis on Size, Share, Trends, Forecast, Growth | 2020 to 2025

Pulished: February, 2020
ID: 1387
Pages: 145

Asia Pacific Orthopedic Devices Market Size (2020 to 2025)

The Size of Asia Pacific Orthopedic Devices Market is valued at USD 10.19 billion in 2020 and estimated to grow at a CAGR of 5.52%, to reach USD 13.33 billion by 2025. 

Available trauma management techniques are incapable of restoring body parts successfully due to the lack of efficient surgical tools. As a result, manufacturers are investing significantly in Research and Development (R&D) to develop innovative and capable devices. Increased R&D activities are anticipated to ensure high market growth in the near future.

COVID-19 pandemic crisis is still going, and hence the reason for exports and imports of devices is limited. There are a lot of medical practitioners and staff got affected in this pandemic period.

MARKET DRIVERS

The rapid increase in the aging population across the globe, rise in prevalence of orthopedic injuries or diseases such as osteoarthritis, osteoporosis, traumatic fractures, and rheumatoid arthritis are the factors that are driving the market. Also, increasing the incidence of road accidents and sports injuries, and spurring demand for minimally invasive surgical procedures stimulates global market growth. Emerging economies offer lucrative opportunities for the growth of the orthopedic devices market in the near future. The early onset of musculoskeletal conditions triggered by obesity and a sedentary lifestyle are expected to boost the growth.

The growth is expected due to an increase in local manufacturing in the Asia Pacific region because of the initiatives taken by the government to promote domestic manufacturing to reduce dependence on imports, however, less developed nations are expected to rely on imports from Asian countries or the US or Europe.

Growing awareness regarding the availability of innovative products is pushing hospitals to upgrade their devices and services continually. Besides, reimbursement coverage of orthopedic treatments has fueled the adoption of orthopedic surgeries. Hence this factor led to the implementation and monitoring of many hospitals.

MARKET RESTRAINTS

Along with market growth, there are market restraints, holding back the growth of the market in the Asia Pacific region. FDA has made strict supervision for orthopedic devices to pass through quality control and check. Another market challenge is the high cost of orthopedic devices. A cost-effective solution is yet to be provided by manufacturers.

Asia Pacific Orthopedic Devices Market segmented and sub-segmented into the following categories.

  • By Anatomical Location:  Knee, Shoulder, Foot, Ankle, Hip, Spine, Elbow, Craniomaxillofacial.
  • By Type of Consumable:  Orthopedic staples, Orthopedic suture anchors (resorbable suture anchors, metallic suture anchors).
  • By Country: India, China, Japan, South Korea, Australia, New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore and Rest of APAC.

Based on region, the Asia-Pacific region is projected to grow at the highest CAGR during the forecast period due to reasons such as rising aging population, increasing medical tourism in Asia Pacific countries, and favorable regulatory policies for the modernization of healthcare infrastructure.

China and India are expected to account for the largest geriatric population pool in the world. Hence, the demand from these countries is expected to grow tremendously in the near future. Besides, the booming medical tourism industry by owing to the availability of advanced healthcare treatments at cost-efficient rates, is expected to attract the target patient population.

Japan has a large number of implant manufacturers, coupled with high healthcare expenditure compared to other regional countries. Moreover, the high adaption of new technology is expected to further fuel regional market growth.

Prominent Companies leading the Asia Pacific Orthopedic Devices Market Profiled in the Report are Medtronic, Stryker, Zimmer Inc., DePuy, Synthes, Smith & Nephew, and Biomet.

1.Introduction                                  

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                           

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                              

                2.2 Research Phases                      

                                2.2.1 Secondary Research            

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling     

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                      

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                             

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                      

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market               

5. Market Segmentation                                              

                5.1 Anatomical location                                

                                5.1.1 Introduction           

                                5.1.2 Knee         

                                5.1.3 Shoulder  

                                5.1.4 Foot and Ankle      

                                5.1.5 Hip             

                                5.1.6 Spine         

                                5.1.7 Elbow        

                                5.1.8 Craniomaxillofacial              

                                5.1.9 Others      

                                5.1.10 Y-o-Y Growth Analysis, By Anatomical location      

                                5.1.11 Market Attractiveness Analysis, By Anatomical location    

                                5.1.12 Market Share Analysis, By Anatomical location     

                5.2 Type of Consumables                             

                                5.2.1 Orthopedic staples              

                                5.2.2 Orthopedic suture anchors              

                                                5.2.2.1 Resorbable suture anchors

                                                5.2.2.2 Metallic suture anchors

                                5.2.3 Y-o-Y Growth Analysis, By Type of Consumables     

                                5.2.4 Market Attractiveness Analysis, By Type of Consumables   

                                5.2.5 Market Share Analysis, By Type of Consumables     

6. Geographical Analysis                                              

                6.1 Introduction                              

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Anatomical location

                                                6.1.3.3 By Type of Consumables

                                6.1.4 Market Attractiveness Analysis      

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Anatomical location

                                                6.1.4.3 By Type of Consumables

                                6.1.5 Market Share Analysis        

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Anatomical location

                                                6.1.5.3 By Type of Consumables

                6.2 China                            

                6.3 India                              

                6.4 Japan                            

                6.5 South Korea               

                6.6 Australia                      

7.Strategic Analysis                                        

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental      

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services

                                7.2.5 Competitive Rivalry within the Industry      

8.Market Leaders' Analysis                                          

                8.1 Medtronic                  

                                8.1.1 Overview

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Stryker                         

                8.3 Zimmer Inc.                

                8.4 DePuy                          

                8.5 Synthes                       

                8.6 Smith & Nephew                     

                8.7 Biomet                         

9.Competitive Landscape                                            

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                        

                9.3 Agreements, collaborations and Joint Ventures                          

                9.4 New Product Launches                          

10.Market Outlook and Investment Opportunities                                           

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Asia-Pacific Orthopedic Devices Market By Region, From 2020 to 2025 (USD Billion)
  2. Asia-Pacific Orthopedic Devices Market By Anatomical location, From 2020 to 2025 (USD Billion)
  3. Asia-Pacific Knee Market By Region, From 2020 to 2025 (USD Billion)
  4. Asia-Pacific Shoulder Market By Region, From 2020 to 2025 (USD Billion)
  5. Asia-Pacific Foot and Ankle Market By Region, From 2020 to 2025 (USD Billion)
  6. Asia-Pacific Hip Market By Region, From 2020 to 2025 (USD Billion)
  7. Asia-Pacific Spine Market By Region, From 2020 to 2025 (USD Billion)
  8. Asia-Pacific Elbow Market By Region, From 2020 to 2025 (USD Billion)
  9. Asia-Pacific Craniomaxillofacial Market By Region, From 2020 to 2025 (USD Billion)
  10. Asia-Pacific Orthopedic Devices Market By Type of Consumables, From 2020 to 2025 (USD Billion)
  11. Asia-Pacific Orthopedic staples Market By Region, From 2020 to 2025 (USD Billion)
  12. Asia-Pacific Orthopedic suture anchors Market By Region, From 2020 to 2025 (USD Billion)
  13. Asia-Pacific Orthopedic Devices Market By Orthopedic suture anchors, From 2020 to 2025 (USD Billion)
  14. Asia-Pacific Resorbable suture anchors Market By Region, From 2020 to 2025 (USD Billion)
  15. Asia-Pacific Metallic suture anchors Market By Region, From 2020 to 2025 (USD Billion)
  16. China Orthopedic Devices Market By Anatomical location, From 2020 to 2025 (USD Billion)
  17. China Orthopedic Devices Market By Type of Consumables, From 2020 to 2025 (USD Billion)
  18. China Orthopedic Devices Market By Orthopedic suture anchors, From 2020 to 2025 (USD Billion)
  19. India Orthopedic Devices Market By Anatomical location, From 2020 to 2025 (USD Billion)
  20. India Orthopedic Devices Market By Type of Consumables, From 2020 to 2025 (USD Billion)
  21. India Orthopedic Devices Market By Orthopedic suture anchors, From 2020 to 2025 (USD Billion)
  22. Japan Orthopedic Devices Market By Anatomical location, From 2020 to 2025 (USD Billion)
  23. Japan Orthopedic Devices Market By Type of Consumables, From 2020 to 2025 (USD Billion)
  24. Japan Orthopedic Devices Market By Orthopedic suture anchors, From 2020 to 2025 (USD Billion)
  25. South Korea Orthopedic Devices Market By Anatomical location, From 2020 to 2025 (USD Billion)
  26. South Korea Orthopedic Devices Market By Type of Consumables, From 2020 to 2025 (USD Billion)
  27. South Korea Orthopedic Devices Market By Orthopedic suture anchors, From 2020 to 2025 (USD Billion)
  28. Australia Orthopedic Devices Market By Anatomical location, From 2020 to 2025 (USD Billion)
  29. Australia Orthopedic Devices Market By Type of Consumables, From 2020 to 2025 (USD Billion)
  30. Australia Orthopedic Devices Market By Orthopedic suture anchors, From 2020 to 2025 (USD Billion)

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