Asia Pacific Orthopedic Implants Market Size & Outlook
Asia Pacific orthopedic implants market, 2018-2030 (US$M)
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Asia Pacific orthopedic implants market highlights
- The Asia Pacific orthopedic implants market generated a revenue of USD 4,453.8 million in 2023.
- The market is expected to grow at a CAGR of 6.1% from 2024 to 2030.
- In terms of segment, lower extremity implants was the largest revenue generating product in 2023.
- Dental is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 4,453.8 million |
| Market revenue in 2030 | USD 6,750.4 million |
| Growth rate | 6.1% (CAGR from 2023 to 2030) |
| Largest segment | Lower extremity implants |
| Fastest growing segment | Dental |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Lower Extremity Implants, Spinal Implants, Dental, Upper Extremity Implants |
| Key market players worldwide | Medtronic PLC, Johnson & Johnson, Stryker Corp, Zimmer Biomet Holdings Inc, Smith & Nephew PLC, NuVasive, Globus Medical Inc Class A, Arthrex, Enovis Corp, MicroPort Scientific Corp, ConforMIS, Exactech, Invibio, B. Braun, Acumed, Alphatec Holdings Inc, Integra Lifesciences Holdings Corp, Corin Group, Medacta Group SA Ordinary Shares, OrthoPediatrics Corp, Orthofix Medical Inc, FH Orthopedics, Enovis |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 17.5% of the global orthopedic implants market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 6,750.4 million by 2030.
Lower extremity implants was the largest segment with a revenue share of 52.82% in 2023. Horizon Databook has segmented the Asia Pacific orthopedic implants market based on lower extremity implants, spinal implants, dental, upper extremity implants covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific is anticipated to be the fastest-growing region in the orthopedic implants market. The rapidly developing healthcare infrastructure in major countries, such as India, China, & Japan, and the booming medical tourism industry are propelling demand for orthopedic devices, including implants, in the region.
The number of orthopedic implantations performed in the region is growing due to the rising incidence of orthopedic disorders and improved diagnostic tools. Moreover, the number of fractures and joint replacement cases is anticipated to increase due to growth in sports accidents, further fueling the market.
The market is also expected to be driven by technological developments, such as 3D printing & smart sensors, and growing R&D efforts. Key players are investing heavily in orthopedic implants, which is expected to fuel the market.
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Orthopedic Implants Market Scope
Orthopedic Implants Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific orthopedic implants market size, by country, 2018-2030 (US$M)
Asia Pacific Orthopedic Implants Market Outlook Share, 2023 & 2030 (US$M)
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