As per the latest research report titled ‘Asia Pacific Joint Reconstruction Devices Market Forecast 2027 By Joint Type, Research Report, Country Outlook, COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’, available with MarketStudyReport, Asia Pacific joint reconstruction devices market in estimated to amass revenues USD 2.8 billion by the year 2027.
 

Report findings suggest that booming population in the region, surge in cases of accidents, sports injuries, and trauma, along with rising knee and hip ailments are impelling the growth of Asia Pacific joint reconstruction devices market.

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In addition, increasing in the number of joint repair/replacement surgeries, in consort with high risk on infection post the procedures leading to revision operations are adding impetus to industry growth.

The report also cites that approximately 23.5% Chinese suffer from knee-related conditions, while the proportion for Indians is 31.9% and for Malays, it is 44.6%. In order to meet the diverse demands of varied patient base, the manufacturers are developing orthopaedic implants, which will amplify the industry share.

Based on joint type, knee replacement segment accounted for 50% share in Asia Pacific joint reconstruction devices marketplace in 2020. Increasing cases of osteoporosis and osteoarthritis, in tandem with consumer preference for high-quality treatment will bolster the segmental share in the coming years.

The report also provides information about the various components and treatments available in this market. Information related the growth stimulator as well as inhibitors is provided to help form successful investment strategies.

From a regional frame of reference, Japan market was worth USD 850 million in 2020 and poised to grow substantially over the forecast period, pertaining to higher life expectancy leading to rising prevalence of rheumatoid arthritis in elderly population.

Speaking of the competitive landscape, Globus Medical Inc., Medacta International, Medtronic plc, ConforMIS Inc., NuVasive Inc., Waldemar Link GmbH & Co. KG, Stryker Corp, and Zimmer Biomet are the prominent players in Asia Pacific join reconstruction devices market. These companies are focusing on R&D efforts to disruptive products, thereby strengthening their position in the market.