Published Date: 2021-12-01
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APAC Joint Reconstruction Device Market size is poised to surpass USD 5.8 billion by 2027, according to a latest forecast report by Graphical Research.
The surging incidence and prevalence of orthopedic disorders including osteoarthritis, osteoporosis, ankle fractures are projected to fuel the Asia Pacific joint reconstruction device market growth. Osteoarthritis is an increasingly prevalent joint disorder that affects significant proportion of the population worldwide. With the aging populace and increasing life expectancy, the prevalence of osteoarthritis is constantly increasing in emerging markets. According to the Indian Journal of Orthopedics, in 2016, the osteoarthritis was amongst the growing rheumatologic problem and the prevalence ranged from 22% to 39% in India. The disease is more prevalent in women, affecting approximately 45% of women aged 65 years and above. In addition to this, estimates suggest that India has proliferative rate of osteoarthritis and is projected to be the leading chronic ailment by 2025. Similar trend is observed in China with factors such as sedentary lifestyle, rising obesity and others are contributing to the rise in the prevalence of musculoskeletal disorders. As per the Frontiers in Medicine article, in 2020, the overall prevalence of knee osteoarthritis in China was 14.6%. The surging prevalence of these musculoskeletal disorders is set to promote the adoption of joint reconstruction devices in the region.
Technological developments, innovations, and integration of advanced technologies for promoting the patient experience is expected to boost the Asia Pacific joint reconstruction device market demand. The use of 3D printing technology has been constantly evolving with increased range of applications in joint replacement devices and surgery. This technology is used in designing customized patient-specific implants that enable surgeons to perform accurate joint surgeries and implant placement. For instance, the Hospital for Special Surgery (HSS) and Lima Corporate S.p.A., launched a premiere provider-based 3D development and printing facility for developing custom joint replacement solutions. These patient-specific custom solutions find application in complex surgeries and are digitally developed pre-operatively to provide an ideal fit with the patient's anatomy. Similarly, the emergence of robot-assisted surgery in joint reconstruction delivers safe, accurate, and reliable outcome. The technology offers the surgeons with preoperative imaging, visualization, further enabling them to generate a 3D virtual model of the patient’s joint. This allows the professionals to assess and select the adequate size, placement, and alignment of the implant. For instance, in June 2016, Smith & Nephew launched its latest robotics platform CORI Surgical System along with a suite of technology solutions termed as Real Intelligence in Australia and New Zealand. This system refers to a handheld robotics solution for unicompartmental and total knee replacement procedures & delivers rapid, and more efficient cutting.
Browse detailed statistical insights from the report, “Asia Pacific Joint Reconstruction Devices Market Forecast 2027 By Joint Type (Knee Replacement {Product [Primary Knee Systems, Revision Knee Systems, Partial Knee Systems], Component [Femoral Component, Tibial Component, Patellar Component]}, Hip Replacement {Product [Primary Hip Reconstruction Devices, Partial Hip Reconstruction Devices, Revision Hip Reconstruction Devices, Hip Resurfacing Devices], Component [Acetabular Component, Femoral Component]}, Shoulder Replacement {Shoulder Arthroplasty Resurfacing Implants, Shoulder Arthroplasty Trauma Implants, Shoulder Arthroplasty Platform Implants}, Ankle Replacement {Two-Component Fixed Bearing, Three-Component Mobile Bearing}), Research Report, Country Outlook (China, Japan, India, Australia, South Korea, Taiwan, Indonesia, Malaysia, New Zealand, Philippines, Singapore, Thailand), COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
The Asia Pacific joint reconstruction device market from ankle replacement segment is set to witness 8.8% CAGR from 2021-2027 attributed to the significant advancements in design that deliver better efficiency, affordability, and benefits over conventional solutions. Moreover, the demand for ankle joint reconstruction devices is set to surge with the increasing number of ankle ailments including ankle pain and fractures. According to the Journal of Foot and Ankle and Surgery (Asia Pacific), in 2018, ankle fractures account for approximately 10% of all fractures and are amongst the increasingly prevalent orthopedic injuries. The incidence of ankle fractures has surged substantially in the past years, majorly in the elderly population. As per the Scientific Reports article, in 2018, the incidence rate of ankle fractures in China was 37.1%. The advancements of surgical devices, techniques, and biomechanical studies concerned with restoration and maintenance of the diseased ankle joint has promoted the use of joint reconstruction devices. Thus, the advancements in joint reconstruction devices and increased incidence of ankle fractures is anticipated to drive the market growth.
Japan joint reconstruction device market dominated more than USD 850 million revenue in 2020 owing to the rise in the number of joint injuries and traumatic events, growing number of joint reconstruction procedures driving the device adoption, and increasing life expectancy among others. The rising disease prone population in the country is providing considerable business growth avenues to the market players. As per the World Bank data, in 2019, the average life expectancy in Japan is 84.36 years. Further, significant incidence of orthopedic ailments in the country supports the market potential for implants. For instance, as per the National Centers for Biotechnology Information, in 2020, the rheumatoid arthritis affected approximately 822,000 people in Japan. Hence, the joint reconstruction surgery rate is surging at a notable pace, augmenting the overall joint reconstruction device market growth. In 2017, around 146,189 arthroplasty procedures were performed in Japan with the majority of the patients from the 70 years and above age group.
The APAC joint reconstruction device market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2016 to 2027, for the following segments:
Asia Pacific Market, By Joint Type
The above information has been provided for the following countries:
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