APAC Osteotomy Plates Market

APAC Osteotomy Plates Market Size (2022 to 2027)

The Asia Pacific Osteotomy Plates Market is projected to grow at the fastest rate among all the regions during the forecast period.

Investments in healthcare infrastructure are surging fuels the osteotomy plate market growth. According to an evaluation, around 200 million people have osteoporosis, 1 in 3 women who are 50years and above, and 1 in 5 men experience osteoporotic fractures during their lifetime. Massive purchasing capability of consumers, growth in urbanization, and escalating awareness in people about the osteotomy plates propel the market growth in the region. Older adults who are aged 60 years are predicted to grow two times and who are 80 years and above are projected to triple for the next 30years and by 2050, the increase in aging people 65 years and above is anticipated to grow by 1.5 billion, according to World Health Organization (WHO).

The cost concerned with the osteotomy plates is prohibitive, which impedes the growth during the period. Obstacles related to the osteotomy plates post-treatment include nerve damage, blood loss, coagulum, infections, and scar formation are to hinder the market.

This research report on the APAC Osteotomy Plates Market has been segmented & sub-segmented into the following categories:

By Material:

• Metal Osteotomy Plates
  • Titanium Osteotomy Plates
  • Stainless Steel Osteotomy Plates
• Polymer Osteotomy Plates

By Application:

• Knee Surgery
• Hip Surgery

By End User:

• Hospitals
• Clinics
• Ambulatory Surgical Centers

By Country:

• India
• China
• Japan
• South Korea
• Australia
• New Zealand
• Thailand
• Malaysia
• Vietnam
• Philippines
• Indonesia
• Singapore
• Rest of APAC

Geographically, the Asia Pacific market leads globally and will keep it up in terms of growth rate. The APAC region owes to the increasing occurrence rate of bone-related disorders due to improper food intake, and unhealthy lifestyle habits are likely to propel the market. The rise older adult population is more prone to bone diseases like arthritis and osteoporosis, and massive surgical treatments for safe diagnosis and treatment fuel market demand. A surge in the elder people population is anticipated to escalate the market growth during the period. Escalating healthcare spent and high occurrence of bone impairments are driving the market.

China is dominating the APAC region's osteotomy plates market because of the growing adoption of surgical procedures during diagnosis and medication for bone-related diseases. Also, developments in technology on osteotomy plates in minimizing difficulties and a rise in discretionary income offer enormous chances for the growth of the market. Japan is next to China is leading the market. Other countries of APAC are considered to have promising development shortly.

Major product manufacturers in the Asia Pacific market are Arthrex, Inc., OrthoPediatrics Corp., Acumed, LLC, Wright Medical Group N.V., Implantate AG, Johnson & Johnson, Stryker Corporation, Zimmer Biomet, B. Braun Melsungen AG, GROUP FH ORTHO, Amplitude Surgical.