Japan Orthopedic Soft Tissue Repair Market Size & Outlook
Japan orthopedic soft tissue repair market, 2018-2030 (US$M)
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Japan orthopedic soft tissue repair market highlights
- The Japan orthopedic soft tissue repair market generated a revenue of USD 210.8 million in 2023 and is expected to reach USD 406.5 million by 2030.
- The Japan market is expected to grow at a CAGR of 9.8% 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 210.8 million |
| Market revenue in 2030 | USD 406.5 million |
| Growth rate | 9.8% (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, Japan accounted for 3.1% 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 Japan 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.
Japan is one of the largest export markets for the U.S. medical devices. As geriatric population increases, the overall burden on the healthcare system increases. For instance, according to World Population Prospects, 2019, the geriatric population in Japan accounted for around 65% of the total population.
This is a significant number as geriatric population is at a higher risk of orthopedic disorders, which is likely to boost the orthopedic soft tissue market in the country. Furthermore, the Japanese government is expected to take significant measures to increase healthcare spending, so as to cater to the growing population and increasing prevalence of orthopedic conditions.
Moreover, rise in awareness regarding soft tissue repair procedures and increase in visibility of products by key players, pertaining to various orthopedic soft tissue repair processes, are factors expected to boost market growth in the forecast period.
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Orthopedic Soft Tissue Repair Market Scope
Orthopedic Soft Tissue Repair Market Companies
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Japan orthopedic soft tissue repair market size, by application, 2018-2030 (US$M)
Japan Orthopedic Soft Tissue Repair Market Outlook Share, 2023 & 2030 (US$M)
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