MARKET INTRODUCTION
An artificial joint is a device used in orthopedic surgery procedures in which an arthritic or dysfunctional joint surface is surgically replaced. They are also called prostheses and designed to enable improved joint function and correct abnormalities associated with joint movement. Artificial joints can be prepared from alloy, metal, ceramic, or oxinum and implanted into the site depending on the patient, surgeon, and feasibility of the procedure.
MARKET OVERVIEW AND DYNAMICS
The Asia Pacific Artificial Joints market was valued at US$ 3,939.11 million in 2019 and is projected to reach US$ 6,372.53 million by 2027; it is expected to grow at a CAGR of 6.3% during the forecast period. Asia Pacific Artificial Joints market is expected to grow due to factors such as to increasing prevalence of bone and joint disorders, increasing prevalence of obesity, and rising government support by introducing guidelines for regenerative medicines. However, high cost and complications associated with the artificial joint surgery is expected to hinder market growth.
KEY MARKET SEGMENTS
Based on Product, the Asia Pacific Artificial Joints market is segmented into cemented joints and non-cemented joints. The cemented joints segment held the larger share of the market in 2019 and is expected to register the higher CAGR in the market during the forecast period.
The Asia Pacific Artificial Joints market, by material, is segmented into ceramics, alloys, oxinium, others. The ceramic segment held the larger share of the market in 2019, however, alloys segment is anticipated to register the higher CAGR in the market during the forecast period.
Based on Application, the Asia Pacific Artificial Joints market is segmented into artificial joints of knee, artificial joints of hip, artificial joints of shoulder, others. The artificial joints of knee segment held the larger share of the market in 2019 and is expected to register the higher CAGR in the market during the forecast period.
The Asia Pacific Artificial Joints market, based on end user, is segmented into artificial joints of hospitals, ambulatory care centers, and other end users. The hospital segment held a larger share of the market in 2019 and is anticipated to register the higher CAGR in the market during the forecast period.
MAJOR SOURCES AND COMPANIES LISTED
Some of the major primary and secondary sources associated with this report on the Asia Pacific Artificial Joints market are the International Osteoporosis association (IOF), International Society of Arthroplasty, Knee Surgery and Orthopedic Sports Medicine (ISAKOS), World Health Organization (WHO) and National Natural Science Foundation of China (NSFC) and Association of Indian Medical Device Industry (AIMED).
REASONS TO BUY THE REPORT
- Determine prospective investment areas based on a detailed trend analysis of the Asia Pacific Artificial Joints market over the next years.
- Gain an in-depth understanding of the underlying factors driving demand for different artificial joints segments in the top spending countries and identify the opportunities offered by each of them.
- Strengthen your knowledge of the market in terms of demand drivers, industry trends, and the latest technological developments, among others.
- Identify the major channels driving the Asia Pacific artificial joints market, providing a clear picture of future opportunities that will help Analyze, resulting in revenue expansion.
- Channelize resources by focusing on the ongoing programs undertaken by the different countries within the Asia Pacific artificial joints market.
ASIA PACIFIC ARTIFICIAL JOINTS MARKET SEGMENTATION
By Type
• Cemented Joints
• Non-Cemented Joints
By Material
• Ceramics
• Alloys
• Oxinium
• Others
By Application
• Artificial Joints of Knee
• Artificial Joints of Hip
• Artificial Joints of Shoulder
• Others
By End User
• Hospital
• Ambulatory Care Centers
• Others
By Country
• Japan
• China
• India
• South Korea
• Australia
Company Profiles
• Smith & Nephew
• Stryker Corporation
• Zimmer Biomet
• Medtronic
• Braun Melsungen AG
• Colfax Corporation
• Depuy Synthes (Johnson and Johnson Services, Inc.)
• Exactech, Inc.
• JRI Orthopaedics Limited
• SAMO SpA