China Orthopedic Soft Tissue Repair Market Size & Outlook
China orthopedic soft tissue repair market, 2018-2030 (US$M)
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China orthopedic soft tissue repair market highlights
- The China orthopedic soft tissue repair market generated a revenue of USD 178.3 million in 2023 and is expected to reach USD 360.7 million by 2030.
- The China market is expected to grow at a CAGR of 10.6% 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.
Orthopedic soft tissue repair market data book summary
| Market revenue in 2023 | USD 178.3 million |
| Market revenue in 2030 | USD 360.7 million |
| Growth rate | 10.6% (CAGR from 2023 to 2030) |
| Largest segment | Cruciate ligaments repair |
| Fastest growing segment | Cruciate Ligaments Repair |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, China accounted for 2.6% of the global orthopedic soft tissue repair market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan orthopedic soft tissue repair market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 360.7 million by 2030.
Cruciate ligaments repair was the largest segment with a revenue share of 39.99% in 2023. Horizon Databook has segmented the China 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.
In China, local orthopedic medical devices manufacturers account for 70% to 75%, while 25% to 30% market is primarily controlled by foreign medical devices manufacturers. Other key factors anticipated to drive the market in China are growing prevalence of orthopedic and musculoskeletal disorders among working class population.
China has also made substantial progress in development of artificial joints and joint replacement surgeries. Furthermore, joint replacement is widely accepted in the country as a successful treatment option for many end-stage joint disorder cases, where nonoperative solutions and medications have failed.
Furthermore, increasing aging population in China is creating substantial opportunities in the orthopedic soft tissue repair market. Moreover, government incentives for China-based manufacturers to make innovative products coupled with preference to locally manufactured products is expected to drive market demand over the forecast period.
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Orthopedic Soft Tissue Repair Market Scope
Orthopedic Soft Tissue Repair Market Companies
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China orthopedic soft tissue repair market size, by application, 2018-2030 (US$M)
China Orthopedic Soft Tissue Repair Market Outlook Share, 2023 & 2030 (US$M)
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