Japan Orthopedic Implants Market Size & Outlook, 2023-2030
Japan orthopedic implants market, 2018-2030 (US$M)
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Japan orthopedic implants market highlights
- The Japan orthopedic implants market generated a revenue of USD 1,084.2 million in 2023 and is expected to reach USD 1,620.6 million by 2030.
- The Japan market is expected to grow at a CAGR of 5.9% 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.
Orthopedic implants market data book summary
| Market revenue in 2023 | USD 1,084.2 million |
| Market revenue in 2030 | USD 1,620.6 million |
| Growth rate | 5.9% (CAGR from 2023 to 2030) |
| Largest segment | Lower extremity implants |
| Fastest growing segment | Dental |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Japan accounted for 4.3% of the global orthopedic implants market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China orthopedic implants market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,256.3 million by 2030.
Lower extremity implants was the largest segment with a revenue share of 52.46% in 2023. Horizon Databook has segmented the Japan 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.
The increase in the frequency of musculoskeletal problems, the rising geriatric population, and the increase in demand for joint replacement are all factors driving growth of the market in the country. Japan has a highly developed medical device industry with advanced manufacturing facilities and technologies.
The availability of resources that enable the development of advanced technologies at cheaper costs is boosting the number of local manufacturing facilities. Moreover, around 28% of Japan's population was aged over 65 as of 2019, and this group is expected to comprise over one-third of the total population by 2036.
This growing geriatric population is anticipated to fuel the market demand in the country. Major locally present companies are adopting strategies such as mergers, collaborations, and product launches to maintain a competitive edge.
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Orthopedic Implants Market Scope
Orthopedic Implants Market Companies
| Name | Profile | # Employees | HQ | Website |
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Japan orthopedic implants market size, by product, 2018-2030 (US$M)
Japan Orthopedic Implants Market Outlook Share, 2023 & 2030 (US$M)
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