Asia Pacific Orthopedic Device Market Outlook to 2025
By Country (China, Japan, India, Korea, RoAPAC), By Type of Treatment (Joint, Spine, Trauma and Orthobiology and Sports Medicine); and By Type of End User (Multispecialty and Orthopedic Specialty Hospitals)
Region:Asia
Author(s):Madhur Chopra
Product Code:KR937
January 2020
235
About the Report
Asia Pacific Orthopedic Device Market Overview and Size: The growth in Asia Pacific orthopedic market has been driven by the increase in the proportion of geriatric population in the Asian regions, especially in China and Japan. The growth in artificial joints market is majorly due to the increasing number of osteoporoses cases that has been the major growth driver. Physicians have been the major influencer for most of the companies and have been driving major imported brands in most of the regions except China. Increased focus on R&D by domestic players has forced the MNCs to innovate new products for the Asian market.
Asia Pacific Orthopedic Device Market Segmentation
By Type of Treatment (Joint, Spine, Trauma, Orthobiology & Sports Medicine): The proportion of artificial joint products is high, and the growth rate of spine and orthobiology and sports medicine products is relatively fast. Since, production technology and entry barriers are not as high as those required for spine and artificial joint instruments, almost all orthopedic companies in Asia have traumatic product lines. The market for traumatic devices is relatively mature with a CAGR of 6.1% in terms of revenue for the duration of 2013-2018, followed by spinal and orthobiology and sports medicine segment.
By Type of Trauma Implant (Internal and External Fixation): Since internal fixation devices have more post surgery advantages in terms of independence of movement, the segment dominated in terms of revenue during 2018, followed by the external fixation segment in Asia orthopedic device market.
Ø By Type of Spinal Implant (Fusion and Non-Fusion): Fusion devices still make up the largest market share among spinal devices segment, followed by the non-fusion spinal implants in 2018.
Ø By Type of Joint Implant (Knee, Hip and Others): The joint market is majorly dominated by Knee and hip with hip being the largest revenue making segment in Asia orthopedic device market during 2018. As number of arthritis cases is increasing in the Asian region, the market for knee implants will also grow in the near future.
Competition Scenario in Asia Pacific Orthopedic Device Market
Asia Pacific Orthopedic Device Market Future Outlook and Projections
Key Topics Covered in the Report
- Asia Pacific Orthopaedic Device Market Overview and Genesis
- Asia Pacific Orthopedic Device Market Ecosystem
- Asia Pacific orthopedic Device Market Business Models
- Value Chain Analysis for Asia Pacific Orthopedic Device Industry
- Asia pacific Orthopedic Device Market Size, 2013-2018
- Asia Pacific Orthopedic Device Market Segmentation, 2013-2018
- Major Countries (China, India, Japan and Korea) Operating in the Asia Pacific Orthopedic Device Market, 2013-2023
- Government Regulations, Certification and Labeling Practices in Asia pacific Orthopedic Device Market
- Growth Drivers in Asia Pacific Orthopedic Device Market
- Trends and Developments and Issues and Challenges in Asia Orthopedic Device Market
- Porter’s Five Forces of Asia Pacific Orthopaedic Device Industry
- Competitive Landscape in Asia Pacific Orthopedic Device Market
- Company Profiles of Major Players in Asia pacific Orthopedic Device Market
- Asia Pacific Orthopedic Device Market Future Outlook and Projections, 2018-2025
- Analyst Recommendations
Products
Key Target Audience
- Orthopedic Device Manufacturers
- Orthopedic Device Distributors / Traders / Wholesalers
- Orthopedic Device Subcomponent Manufacturers
- Industry Association
- Hospitals
Time Period Captured in the Report:
- Historical Period: 2013 -2018
- Forecast Period: 2019-2025
Companies
Key Segments Covered
By Country
- China
- Japan
- Australia
- Korea
- India
- Taiwan
- Thailand
- New Zealand
- Singapore
- Malaysia
- Hong Kong
- Vietnam
- Pakistan
- Indonesia
- Bangladesh
- Philippines
By Type of Treatment
- Joint
By Type of Joint Implant
- Knee
- Hip
- Others (Extremities, Shoulders, Wrist, Ankle and other Joints)
- Spine
By Type of Spinal Implant
- Fusion
- Non Fusion
- Trauma
- Internal Fixation
- External Fixation
- Orthobiology & Sports Medicine
- Multispecialty Hospitals
- Orthopedic Specialty Hospitals
Asia Pacific Region
- Stryker
- Medtronic
- Smith and Nephew
- Zimmer Biomet
- J&J
Table of Contents
1. Executive Summary
2. Research Methodology
2.1. Market Definitions
2.2. Abbreviations
2.3. Market Size and Modeling
2.4Market Sizing – Asia pacific Orthopedic Device Market (Similar Sample considered for Country Level Profiling)
2.5Variables for Orthopedic Devices (Dependent and Independent) in China
2.6Multi Factor Based Sensitivity Model
2.7Regression Matrix
2.8Limitations
2.9Final Conclusion
3. Market Overview and Genesis
3.1Market Stage
3.2Situation of Domestic Sector
3.3Dominance of Imported Products
3.4Industry Life Cycle - Emerging, Growth and Mature Phase
3.5Cross Comparison of Major Countries (China, Japan, Korea and India) in Asia Pacific Orthopedic Device Market Including Revenue, 3.6Historical Growth Rate (2013-2018) and Forecasted Growth Rate (2018-2025), Competitive Structure and Major Segments
3.7Cross Comparison of Major Countries (China, Japan, Korea and India) in Asia Pacific Orthopedic Device Market Including Geriatric 3.8Population, Number of Road Accidents, Number of Passenger Vehicle and Number of Orthopedic Hospitals, 2018
4. Market Ecosystem
(Supply Side Ecosystem - Major Manufacturers, Major Researchers, Major Venture Capitalists and Major Professional Societies of Orthopedic Devices)
(Demand Side Ecosystem - Major Healthcare Providers of Orthopedic Services in China, India, Korea and Japan)
5. Market Business Models
(Direct to Physician and Distributors to Physician Business Model - Revenue Streams, Profit / Commission Margin and Key Partners)
Cross Comparison of Business Models (Direct to Physician Business Model and Distributor to Physician Business Model) Including Major Companies, Source of Revenue, Model Robustness, Challenges and Advantages
6. Value Chain Analysis
(Flowchart and Problems and Issues Including Geopolitical Issues, Limited Reach of Distributors, and Inventory Discrepancies)
7. Market Size on the Basis of Revenue, 2013-2018
8. Market Segmentation, 2013-2018
8.1. By Country (China, Japan, Australia, Korea, India, Taiwan, Thailand, New Zealand, Singapore, Malaysia, Hong Kong, Vietnam, Pakistan, Indonesia, Bangladesh and the Philippines), 2013-2018
8.2. By Type of Sourcing (Import and Local Manufacturing), 2013-2018
Cross Comparison of Type of Sourcing (Import and Local Manufacturing) in Asia Pacific Orthopedic Market on the basis of Quality, Margin (%) for Distributors, Delivery Time, Training and Education, Administrative Duties, Pain Points and Major Implants
8.3. By Type of Device (Joint, Trauma, Spine, CMF, Ortho-Biology and Sports Medicine), 2013-2018
Cross Comparison By Type of Devices (Joint, Trauma, Spine, CMF, Ortho-Biology and Sports Medicine) Including Market Size in USD Million, Historical CAGR (2013-2018), Competition Structure, Major Regions, Emerging Markets, Complexity Involved in Manu-facturing, Type of Surgery, Major Growth Drivers, Pricing, Pain Points, Major Players and Major End Users
8.3.1. By Type of Spinal Implant (Fusion and Non-Fusion), 2018
Cross Comparison by Type of Spinal Implants (Fusion and Non-Fusion) Including Market Size in USD Million, Impact on the APAC Region, Pricing for Implant in USD, Cost of Surgery in USD, Complication Post Surgery, Success Rate Post Surgery and Complexity of Surgery
8.3.2. By Type of Trauma Implant (Internal and External Fixation), 2018
Cross Comparison by Type of Trauma Implants (Internal Fixation and External Fixation) in Asia Pacific Orthopedic Market Including Market Size in USD Million, Impact on the APAC Region, Pricing, Major Companies, Maintenance Post Surgery and Adoption Rate
8.3.3. By Type of Joint Implant (Knee, Hip and Others), 2018
Cross Comparison by Type of Joint Implant (Knee, Hip and Others) in Asia Pacific Orthopedic Device Market Including Market Size in USD Million, Major Regions, Competition Structure, Major Players and Cost of Surgery in USD
8.4. By Type of End Users (Multispecialty and Orthopedic Specialty Hospitals), 2018
9. Major Countries (China, India, Japan and Korea) Operating in Asia Pacific Orthopedic Device Market, 2013-2023
9.1. China Orthopedic Device Market, 2013-2023
9.1.1. Key Takeaways
9.1.2. Market Overview and Size on the Basis of Revenue, 2013-2018
Geriatric population to Drive the Market Demand in China
9.1.3. SWOT Analysis of China Orthopedic Market
9.1.4. China Orthopedic Device Market Segmentation, 2013-2018
By Type of Sourcing (Import and Local Manufacturing), 2013-2018
By Type of Treatment (Joint, Trauma, Spine, Orthobiology and sports Medicine) 2013-2018
By Type of Joint implant (Knee, Hip and others), 2018
By Type of Spine implant (Fusion and Non Fusion), 2018
By Type of Trauma implant (Internal and External Fixation), 2018
By Type of End Users (Multispecialty Hospitals and Orthopedic Specialty Hospitals), 2018
9.1.5. Competitive Landscape
Heat Map of Domestic Players (Weiago, Double Medical, Kelly, Chunli, and tech, Canwell, Sanyou, Waston, Ak Medical, Naton and Microport) by Type of Treatment (Joints, Spine and Trauma)
Market Share of Major Companies (Johnson, Jie Tibang, Ssek, Medtronic and Xerox) in Overall Market on the Basis of Revenue, 2018
Market Share of Major Companies (Stryker, J&J, Zimmer Biomet, Smith and Nephew, and Others) in Trauma Segment on the Basis of Revenue, 2018
Market Share of Major Companies (Stryker, J&J, Zimmer Biomet, Smith and Nephew, Medtronic, and Others) in Spine Segment on the Basis of Revenue, 2018
Market Share of Major Companies (Stryker, J&J, Zimmer Biomet, Smith and Nephew, Medtronic and Others) in Joint Segment on the Basis of Revenue, 2018
9.1.6. Future Outlook and Projections, 2018-2025
By Type of Sourcing (Import and Local Manufacturing), 2019P-2025F
By Type of Treatment (Joint, Trauma, Spine, Orthobiology and sports Medicine), 2019P-2025F
By Type of Joint Implant (Knee, Hip and others), 2025(F)
By Type of Spine Implant (Fusion and Non Fusion), 2025(F)
By Type of Trauma implant (Internal and External Fixation), 2025(F)
By Type of End Users (Multispecialty Hospitals and Orthopedic Specialty Hospitals), 2025(F)
9.2. India Orthopedic Device market
9.2.1. Key Takeaways
9.2.2. Market Overview and Size on the Basis of Revenue, 2013-2018
Increasing Cost of Surgery in India
9.2.3. SWOT Analysis
9.2.4. Market Segmentation
By Type of Sourcing (Import and Local Manufacturing), 2018
By Type of Treatment (Joint, Trauma, Spine, Orthobiology and Sports Medicine), 2018
By Type of Joint Implant (Knee, Hip and others), 2018
By Type of Spine Implant (Fusion and Non Fusion), 2018
By Type of Trauma Implant (Internal and External Fixation), 2018
By Type of End Users (Multispecialty and orthopedic Hospitals), 2018
9.2.5. Competitive Landscape of Indian Orthopedic market
Cross Comparison of India with Developed Nations (France, UK, and USA) Including Product based reimbursement/co-payment, Bundled/Package Rates, Device Pricing and Price Capping
Heat Map of Domestic (Narang Medical, ASCO and Atlas Surgical) and Foreign Players (Stryker, Zimmer, Conmed)
Market Share of Major Companies (Biomet, Smith and Nephew, J&J, Stryker and others) in Overall Market on the Basis of Revenue, 2018
Market Share of Major Companies (Biomet, Smith and Nephew, J&J, Stryker and others) Operating in Joint Segment on the Basis of Revenue, 2018
Market Share of Major Companies (Biomet, Smith and Nephew, J&J, Stryker and others) Operating in Trauma Segment on the Basis of Revenue, 2018
Market Share of Major Companies (Biomet, Smith and Nephew, J&J, Stryker and others) Operating in Spine Segment on the Basis of Revenue, 2018
9.2.6. Future Outlook and Projections, 2019-2025
By Type of Treatment (Joint, Trauma, Spine, Orthobiology and sports Medicine), 2019(P)-2025(F)
By Type of Joint Implant, (Knee, Hip, and Others), 2025(F)
By Type of Spine Implant (Fusion and Non Fusion), 2025(F)
By Type of Trauma Implant
By Type of End Users, (Multispecialty and orthopedic Hospitals), 2025(F)
9.3. Japan Orthopedic Device Market, 2013-2023
9.3.1. Key Takeaways
9.3.2. Market Overview and Size on the Basis of Revenue, 2013-2018
Increase in Number of Road Accidents Involving Elderly Population
9.3.3. SWOT Analysis
9.3.4. Market Segmentation, 2018
By Type of Sourcing (Import and Local Manufacturing), 2018
By Type of Treatment (Joint, Trauma, Spine, Orthobiology and Sports Medicine), 2018
By Type of Joint Implant (Knee, Hip, and Others), 2018
By Type of Spine Implant (Fusion and Non Fusion), 2018
By Type of Trauma implant (Internal and External Fixation), 2018
By Type of End Users (Multispecialty Hospitals and Orthopedic Specialty Hospitals), 2018
9.3.5. Competitive Landscape in Japan Orthopedic Device Market
Market Share of Major Companies (Zimmer Biomet, Smith and Nephew, J&J, Stryker, Kyocera, JMDM and others) in overall market on the Basis of Revenue, 2018
Market Share of Major Companies (Zimmer Biomet, Smith and Nephew, J&J, Stryker, TEM and others) Operating in Trauma Segment on the Basis of Revenue, 2018
Market Share of Major Companies (Medtronic, Nuvasive, globus, J&J, and others) Operating in Spine Segment on the Basis of Revenue, 2018
Market Share of Major Companies Stryker, J&J, Zimmer Biomet, Smith and Nephew, Microport, Kyocera and Others) Operating in Joint Segment on the Basis of Revenue, 2018
9.3.6. Future Outlook and Projections, 2018-2025
By Type of Treatment (Joint, Trauma, Spine, Orthobilogy and Sports Medicine), 2019(P)-2025(F)
By Type of Joint Implant (Knee, Hip, and Others), 2025(F)
By Type of Spine Implant (Fusion and Non Fusion), 2025 (F)
By Type of Trauma Implant (Internal and External Fixation), 2025(F)
By Type of End Users Multispecialty Hospitals and Orthopedic Specialty Hospitals), 2025(F)
9.4. Korea Orthopedic Medical Device Market
9.4.1. Key Takeaways
9.4.2. Market Overview and Size on the Basis of Revenue, 2013-2018
3-D Printing to Boost Local Production and Domestic Market
9.4.3. SWOT Analysis
9.4.4. Market Segmentation, 2018
By Type of Treatment (Joint, Trauma, Spine, Orthobiology and Sports Medicine), 2018
By Type of Joint implant (Knee, Hip and Others), 2018
By Type of Spine implant (Fusion and Non Fusion), 2018
By Type of Trauma implant (Internal and External Fixation), 2018
By Type of End Users (Multispecialty Hospitals and Orthopedic Specialty Hospitals), 2018
9.4.5. Competitive Landscape in South Korea Orthopedic Device Market
9.4.6. Future Outlook and Projections
By Type of Treatment (Joint, Trauma, Spine, Orthobilogy and Sports Medicine), 2025(F)
By Type of Joint Implant (Knee, Hipand Others), 2025(F)
By Type of Spine Implant (Fusion and Non Fusion), 2025(F)
By Type of Trauma Implant (Internal and External Fixation), 2025(F)
By Type of End Users (Multispecialty Hospitals and Orthopedic Specialty Hospitals), 2025(F)
10. Government Regulations, Certification and Labeling Practices
11. Growth Drivers
11.1Increasing Geriatric population
11.2Increasing Sedentary Lifestyle in Asian Countries
11.3Increasing Road Accidents in South East Asian Countries
12. Trends and Developments and Issues and Challenges
12.1Mergers and Acquisitions at Asia Pacific
12.2Innovative Products and Procedures Due to Increase in R&D
12.3Demand For Minimal Invasive Surgeries in Asian Countries
12.4High Medical Care Costs in Asian Regions
12.5Increasing Competition from Domestic manufacturers
13. Porter’s Five Forces
14. Competitive Landscape
14.1. Strength and Weakness of Major Players (Stryker, J&J, Zimmer Biomet, Smith and Nephew, Medtronic, and Others)
14.2. Market Share of Major Players (Stryker, J&J, Zimmer Biomet, Smith and Nephew, Medtronic, and Others) in Overall Market on the Basis of Revenue, 2018
Market Share of Major Companies (Stryker, J&J, Zimmer Biomet, Smith and Nephew, and Others) in Overall Market on the Basis of Revenue, 2018
Market Share of Major Companies (Stryker, J&J, Zimmer Biomet, Smith and Nephew, and Others) in Trauma Segment on the Basis of Revenue, 2018
Market Share of Major Companies (Stryker, J&J, Zimmer Biomet, Smith and Nephew, and Others) in Spine Segment on the Basis of Revenue, 2018
Market Share of Major Companies (Stryker, J&J, Zimmer Biomet, Smith and Nephew, and Others) in Joints Segment on the Basis of Revenue, 2018
14.3. Cross Comparison of Major Players (Including Number of Distributors, Major Markets, Number of Employees, Primary Customers and Major Segments)
15. Company Profiles (Including Company Overview, USP, Business Strategies, Regions of
Operation, Subsidiaries, Distribution, Best Products and Manufacturing Locations)
15.1. Stryker Corporation
15.2. Zimmer Biomet
15.3. J&J (DePuy Synthes)
15.4. Smith and Nephew
15.5. Medtronic
16. Market Future Outlook and Projections, 2018-2025
16.1. By Country (China, Japan, Australia, Korea, India, Taiwan, Thailand, New Zealand, Singapore, Malaysia, Hong Kong, Vietnam, Pakistan, Indonesia, Bangladesh and the Philippines), 2019(P)-2025(F)
16.2. By Type of Treatment (Joint, Trauma, Spine, Orthobilogy and Sports Medicine), 2019(P)-2025(F)
By Type of Joint implant (Knee, Hip, and Others), 2025(F)
By Type of Trauma implant (Internal and External Fixation), 2025(F)
By Type of Spine implant (Fusion and Non-Fusion), 2025(F)
16.5. By Type of End Users (Multispecialty Hospitals and Orthopedic Specialty Hospitals), 2025(F)
17. Analyst Recommendations
Suggestion 1: Spreading Awareness via Instagram and other social media platforms
Suggestion 2: Building a Pipeline of influencers in Rural Areas
Suggestion 3: Training Local Healthcare Workers and Doctors for the Usage of Products
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