Asia Pacific Orthopedic Soft Tissue Repair Market Size & Outlook
Asia Pacific orthopedic soft tissue repair market, 2018-2030 (US$M)
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Asia Pacific orthopedic soft tissue repair market highlights
- The Asia Pacific orthopedic soft tissue repair market generated a revenue of USD 1,080.4 million in 2023.
- The market is expected to grow at a CAGR of 9.7% from 2024 to 2030.
- In terms of segment, cruciate ligaments repair was the largest revenue generating application in 2023.
- Cruciate Ligaments Repair is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 1,080.4 million |
| Market revenue in 2030 | USD 2,068.5 million |
| Growth rate | 9.7% (CAGR from 2023 to 2030) |
| Largest segment | Cruciate ligaments repair |
| Fastest growing segment | Cruciate Ligaments Repair |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Rotator Cuff Repair, Epicondylitis, Achilles Tendinosis Repair, Pelvic Organ Prolapse, Gluteal Tendon Repair, Cruciate Ligaments Repair, Hip Arthroscopy, Biceps Tenodesis |
| Key market players worldwide | Integra Lifesciences Holdings Corp, Arthrex, Smith & Nephew PLC, DePuy Synthes, Stryker Corp, Conmed Corp, Zimmer Biomet Holdings Inc, Boston Scientific Corp, B. Braun, Wright Medical Group |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 15.9% of the global orthopedic soft tissue repair 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 2,068.5 million by 2030.
Cruciate ligaments repair was the largest segment with a revenue share of 40.69% in 2023. Horizon Databook has segmented the Asia Pacific orthopedic soft tissue repair market based on rotator cuff repair, epicondylitis, achilles tendinosis repair, pelvic organ prolapse, gluteal tendon repair, cruciate ligaments repair, hip arthroscopy, biceps tenodesis covering the revenue growth of each sub-segment from 2018 to 2030.
Higher penetration of local manufacturers of medical devices is providing significant growth opportunities for orthopedic soft tissue repair market in the region. Furthermore, the other key factors driving the market are ongoing research in this field, particularly in Japan & India, and large geriatric population at risk of musculoskeletal disorders.
Moreover, the region is improving its healthcare infrastructure and standard of living. Furthermore, Asian countries, such as Singapore, Thailand, & South Korea, are famous for medical tourism owing to the low-cost treatments and surgeries. This is anticipated to drive the market further over the forecast period.
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Orthopedic Soft Tissue Repair Market Scope
Orthopedic Soft Tissue Repair Market Companies
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Asia Pacific orthopedic soft tissue repair market size, by country, 2018-2030 (US$M)
Asia Pacific Orthopedic Soft Tissue Repair Market Outlook Share, 2023 & 2030 (US$M)
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