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APAC Orthopedic Devices Market revenue to hit $13.4 Bn by 2027

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APAC Orthopedic Devices Market size is poised to surpass USD 13.4 billion by 2027, according to a latest forecast report by Graphical Research.

Growing elderly population suffering from orthopedic diseases in the region that requires quality care is positively stimulating the orthopedic devices market growth. According to the United Nation Population Fund Agency, in the Asia Pacific, one in four people will be over 60 years old by 2050. It is estimated that the number of older people in the Asia Pacific will reach 1.3 billion by 2050. Orthopedic diseases are widely associated with aging and are expected to increase with an aging population. Further, as per the Geriatric Orthopedic Surgery and Rehabilitation data, patients aged 70 years and older showcased a high number of chronic conditions as compared to the younger patient population. The people belonging to the 70 years and above age group are more prone to have severe injuries due to accidents and falls. The elderly population leads to increased vulnerability pertaining to musculoskeletal injuries and disorders. Furthermore, osteoarthritis is a common joint disorder, with the acceleration of the aging process and increasing life expectancy in China it has affected aged people. As per the recently published article, in China, the prevalence of knee and hip joint osteoarthritis is high in the geriatric population.

Accessibility to minimally invasive joint replacement surgeries has further proven beneficial for improving the scope of demand for orthopedic devices. Additionally, the development of new surgical techniques that follow different approaches helps in reducing traumatic conditions that have impacted the orthopedic devices market revenue. Companies such as Zimmer Biomet and Stryker Corporation have developed implant technologies that addresses metal sensitivity issues related with joint replacement implants. Therefore, an increased level of technological advancements pertaining to orthopedic devices will directly affect the market demand positively. Moreover, the rate of infections related to total joint replacement has been rising rapidly over the years. As per the American Academy of Orthopedic Surgeons, severe complications including infections occur in more than 2% of the patients after orthopedic surgery. The existing standard of care for late chronic infection is a two-stage revision arthroplasty that involves reinsertion of a new joint replacement. Hence, the continuously increasing rate of post-surgical infections is expected to support the market expansion.

Browse detailed statistical insights from the report, “Asia Pacific Orthopedic Devices Market Forecast 2027 By Product (Joint Reconstruction Devices {Hip Replacement, Knee Replacement, Ankle Replacement, Shoulder Replacement}, Spinal Devices, Trauma Fixation Devices, Orthobiologics, Arthroscopic Devices), 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) @

https://www.graphicalresearch.com/industry-insights/1967/asia-pacific-orthopedic-devices-market

The spinal devices segment accounted over 20% market share in 2020 and was valued at over USD 1,481 million by 2027. Spinal devices are implants that are widely used by surgeons during surgery to stabilize & strengthen the spine, treat deformity, and facilitate fusion among others. The diseases treated using spinal devices comprise spondylolisthesis, fracture, scoliosis, etc. As per the Falls Prevention Society, falls are the leading cause of fracture with around 30% of adults over 65 experiences at least one fall per year. Spinal orthopedic devices are continuously evolving with the advent of novel age spine implants to treat spine misalignments or degenerative changes more efficiently. Similarly, the growing shift towards minimally invasive spine procedures is fueling the segmental revenue positively.

China orthopedic devices market is projected to reach USD 4,164 million by 2027 attributed to the increasing prevalence of osteoarthritis and bone injury causing disability, etc. In China, knee osteoarthritis is one of the most prevalent chronic conditions among older populations. According to the Global Burden of Disease (GBD) study, years lived with disability (YLDs) due to osteoarthritis increased substantially by 31.5% from 2006 to 2016. Among all countries in the world, China had the largest number of YLDs due to knee and hip osteoarthritis. As per the journal published by the Osteoarthritis Research Society International in 2018, around 8.1% of the total population was suffering from symptomatic knee osteoarthritis. Moreover, patients with symptomatic knee osteoarthritis in rural areas of China experienced an approximately two-fold increased risk of all-cause mortality. As a result, the incidence of surgical procedures in China has been rising, thereby augmenting the use of orthopedic devices.

APAC orthopedic devices 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 Product

  • Joint Reconstruction Devices
    • Hip Replacement
    • Knee Replacement
    • Ankle Replacement
    • Shoulder Replacement
    • Others
  • Spinal Devices
  • Trauma Fixation Devices
  • Orthobiologics
  • Arthroscopic Devices
  • Others

The above information has been provided for the following countries:

  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Taiwan
    • Indonesia
    • Malaysia
    • New Zealand
    • Philippines
    • Singapore
    • Thailand