Asia Pacific Orthopedic Surgical Energy Devices Market, By Product (Handpieces and Accessories), Technology (Radiation, Radiofrequency, Ultrasound, Microwave, Others), Application (Hip, Knee), End User (Hospital & Clinic, Ambulatory Surgical Centers (ASCs) and Others), Distribution Channel (Direct Tender, Third Party Distributors), By Country Asia-Pacific (Japan, China, Australia, South Korea, India, Singapore, Thailand, Indonesia, Malaysia, Philippines, & Rest of Asia-Pacific) Industry Trends and Forecast to 2029.
Market Analysis and Insights: Asia Pacific Orthopedic Surgical Energy Devices Market
Asia Pacific orthopedic surgical energy devices market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with a CAGR of 9.3% in the forecast period of 2022 to 2029 and is expected to reach USD 329.97 million by 2029 from USD 157.95 million in 2021. The rise in incidence of trauma and sports injury and rising need for knee and hip replacement are likely to be the major drivers which propel the demand of the market in the forecast period.
The orthopedic surgical devices are devices, which are implemented to correct the bone deformities and to restore the function of the human skeletal system. The orthopedic surgical energy devices use energy such as radiation, radio frequency and ultrasound, to seal the skin and bone tissue. The orthopedic surgical energy devices require an energy source, such as an electrosurgery generator (ESU), and an instrument to transfer the energy to the patient. The important types include radio frequency (RF), which is basically modified electrical current and ultrasound, which converts electrical current into mechanical motion. More specialized technologies include those that use argon gas, plasma, or a combination of technologies.
The types of orthopedic surgical energy devices are handpieces and accessories. The orthopedic handpieces are used by doctors of the orthopedics department, to create holes in bones. There common reasons for drilling bones in surgery are fixing implants and fitting prosthetic devices. The bone drill is sometimes referred to as a saw and certain types can also be used manually although this is less common at the present time. The orthopedic accessories assist in support and protection to injuries and sources of pain in the body.
In this mode of treatment, the orthopedic surgical energy devices are engineered, to provide less pain after surgery for other factors which give the orthopedic surgical energy devices, an edge over other existing surgical energy devices. The technological developments, aim to reduce the invasive pain caused during the bone surgery. The orthopedic surgical energy devices are applied for vital surgeries such as hip replacement, total hip arthroplasty, knee replacement and total knee replacement.
The driving factors responsible for the growth of the global orthopedic surgical energy devices market are the rise in the number of orthopedic surgeries, rise in geriatric population, technological advancements in the orthopedic surgical devices, and rise in incidence of sports and trauma injuries. However, the factors which are expected to restrain the market are the high cost associated with the orthopedic surgical energy devices, and lack skilled professional. Moreover, the strategic initiatives by market players and the rise in healthcare expenditure will drive the orthopedic surgical energy devices growth.
The Asia-Pacific orthopedic surgical energy devices market report provides details of market share, new developments, and impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Asia- Pacific Orthopedic Surgical Energy Devices Market Scope and Market Size
Asia- Pacific orthopedic surgical energy devices market is segmented on the basis of product, technology, application, end user and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
The Asia-Pacific orthopedic surgical energy devices market is categorized into five notable segments based on product, technology, application, end user, and distribution channel.
- On the basis of product, the Asia-Pacific orthopedic surgical energy devices market is segmented into handpieces and accessories. In 2022, the handpieces segment is expected to dominate the Asia-Pacific orthopedic surgical energy devices market due to their advanatges over conventional handpieces used for orthopedic surgeries and rising technological advancements to ease the surgical procedure for patient as well as for surgeon.
- On the basis of technology, the Asia-Pacific orthopedic surgical energy devices market is segmented into radiofrequency, radiation, ultrasound, microwave and others. In 2022, the radiofrequency segment is expected to dominate the Asia-Pacific orthopedic surgical energy devices market due to its advantages and the rising studies on this technology will drive the market in the forecast period in Asia-Pacific region.
- On the basis of application, the Asia-Pacific orthopedic surgical energy devices market is segmented into hip, knee and others. In 2022, the knee segment is expected to dominate the Asia-Pacific orthopedic surgical energy devices market due to rising prevalence of osteoarthritis. For instance, approximately 1.2 billion people have osteoarthritis in China and more than 50,000 hip or knee arthroplasties are performed annually.
- On the basis of end user, the Asia-Pacific orthopedic surgical energy devices market is segmented into hospitals and clinics, ambulatory surgical centers (ASC) and others. In 2022, the hospital and clinic segment is expected to dominate the Asia-Pacific orthopedic surgical energy devices market as healthcare infrastructure is getting better in APAC region and due to the presence of developing countries, public hospitals are easily accessible in this region.
- On the basis of distribution channel, the Asia-Pacific orthopedic surgical energy devices market is segmented into direct tenders and third party distributors. In 2022, the direct tender segment is expected to dominate the Asia-Pacific orthopedic surgical energy devices market due to the rise in contractual agreements between manufacturers and distributors for rapid diagnostic tests and equity in the tendering process.
Asia-Pacific Orthopedic Surgical Energy Devices Market Country Level Analysis
The Asia-Pacific orthopedic surgical energy devices market is analysed and market size information is provided by product, technology, application, end user, and distribution channel.
The countries covered in the orthopedic surgical energy devices market report are the Japan, China, India, South Korea, Australia, Singapore, Indonesia, Philippines, and rest of Asia-Pacific.
Asia-Pacific is expected to grow with the highest CAGR in the forecasted periods as in the Asia-Pacific’s Countries demand for orthopedic surgical energy devices product is increasing very rapidly with the urbanization and laboratory automation. China is expected to dominate in the market in the Asia-Pacific market. China is one of the leading countries to inculcate orthopedic surgical energy devices market.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of Asia Pacific brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
The growth potential for orthopedic surgical energy devices in emerging economies and the strategic initiatives by market players are creating new opportunities in the Asia-Pacific orthopedic surgical energy devices market
Asia Pacific orthopedic surgical energy devices Market also provides you with detailed market analysis for every country growth in particular industry with orthopedic surgical energy devices sales, impact of advancement in the orthopedic surgical energy devices and changes in regulatory scenarios with their support for the orthopedic surgical energy devices market. The data is available for historic period 2019 to 2020.
Competitive Landscape and Asia-Pacific Orthopedic Surgical Energy Devices Market Share Analysis
Asia-Pacific orthopedic surgical energy devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to the orthopedic surgical energy devices market.
The major companies providing the global orthopedic surgical energy devices are Medtronic, Stryker, CONMED Corporation, KARL STORZ, Smith & Nephew, Auxein Medical, MatOrtho Limited, Zimmer Biomet, B. Braun Melsungen AG, boston Scientific Corporation, Soring GmbH, Apothecaries Sundries Mfg. Co., Nouvag AG, De Soutter Medical, Misonix (Bioventus, Inc), Olympus Corporation, DePuy Synthes (Johnson and Johnson, Inc.), Portescap among others.
DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
The strategic initiatives by market players along with new technological advancements for Asia-Pacific orthopedic surgical energy devices is smoothing the surgical process of orthopedic surgeries.
For instance,
- In October 2018, Zimmer Biomet collaborated with Apple, to launch major clinical study, which explains about patient experience and improving joint replacement. The collaboration had provided mymobilty application to Zimmer Biomet. The mobile application uses Apple Watch to enable a new level of connection between patients and the surgical care teams. The collaboration had resulted in potential treatment for joint replacement and use of the mobile application in hospitals and academic centers.
Collaboration, joint ventures and other strategies by the market player is enhancing the company market in the orthopedic surgical energy devices market which also provides the benefit for organisation to improve their offering for orthopedic surgical energy devices market.
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