Asia-Pacific Orthopedic Soft Tissue Repair Market – Industry Trends and Forecast to 2024

  • Orthopedic Devices
  • Published Report
  • Dec 2017
  • Asia-Pacific
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220

Asia-Pacific Soft Tissue Repair Market By Product Type (Fixation Devices, Tissue Patch, Laparoscopic Instruments), By Procedure (Anterior Cruciate Ligament (ACL), Rotator Cuff, Vaginal Prolapse, Lateral Epicondylitis, Achilles, Gluteal Tendon), By End User (Hospitals, Ambulatory Center, Orthopedic Clinics), Countries (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Singapore, Indonesia, Philippines and Rest of APAC)– Industry Trends and Forecast to 2024

The Asia-Pacific Orthopedic Soft Tissue Repair Market is expected to reach USD 2,228.50 million by 2024, from USD 1,227.28 million in 2016 growing at a CAGR of 7.8% in the forecast period 2017 to 2024. The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

The major factors driving the growth of this market are the increasing rate of accident & injuries, growth in aging population and rising healthcare expenditure. On the other hand, lack of awareness may hinder the growth of the market. On the other hand, lack of awareness may hinder the growth of the market. The orthopedic soft tissue repair market in the Asia-Pacific region is leading in Japan.

Market Segmentation: Asia-Pacific Orthopedic Soft Tissue Repair Market

  • The Asia-Pacific orthopedic soft tissue repair market is segmented on the basis of product type, procedure, end user. On the basis of product type, Asia-Pacific orthopedic soft tissue repair market is segmented into fixation devices, tissue patch and laparoscopic instruments. In 2017, fixation devices is expected to dominate the Asia-Pacific orthopedic soft tissue repair market with 55.5% market share and is expected to reach USD 1285.16 million by 2024, growing at the highest CAGR of 8.4% in the forecast period 2017 to 2024.
  • On the basis of procedure, the Asia-Pacific orthopedic soft tissue repair market is segmented into anterior cruciate ligament (ACL), rotator cuff, vaginal prolapse, lateral epicondylitis, Achilles and gluteal tendon. In 2017, orthopedic repair is expected to dominate the Asia-Pacific orthopedic soft tissue repair market with 50.6% market share and is expected to reach USD 1176.84 million by 2024, growing at the highest CAGR of 8.5% in the forecast period 2017 to 2024.
  • On the basis of end user, the Asia-Pacific orthopedic soft tissue repair market is segmented into hospitals, ambulatory center and orthopedic clinics. In 2017, hospitals is expected to dominate the Asia-Pacific orthopedic soft tissue repair market with 47.8% market share and is expected to reach USD 1124.39 million by 2024, growing at the highest CAGR of 8.7% in the forecast period 2017 to 2024.

Key Drivers: Asia-Pacific Orthopedic Soft Tissue Repair Market

Asia-Pacific orthopedic soft tissue repair market are the increasing rate of accident & injuries, growth in aging population and rising healthcare expenditure are furthermore boosting the growth of the Asia-Pacific orthopedic soft tissue repair market.

Key Points: Asia-Pacific Orthopedic Soft Tissue Repair Market

  • Asia-Pacific orthopedic soft tissue repair market is dominated by Depuy Synthes (J&J), followed by Smith & Nephew PLC and Medtronic
  • Fixation devices segment is expected to dominate the Asia-Pacific orthopedic soft tissue repair
  • The orthopedic soft tissue repair market in the Asia-Pacific region is leading in Japan, China, India and South Korea. Japan accounts for the highest market share in this region.

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