The Asia Pacific Joint Reconstruction Devices Market would witness market growth of 6.2% CAGR during the forecast period (2023-2030).
The trend towards minimally invasive surgical procedures has significantly influenced the market. Smaller incisions, reduced trauma, and quicker recovery times drive the adoption of minimally invasive joint surgeries, thereby influencing the development of corresponding implant technologies. Customization has become a key trend in joint reconstruction with the advent of patient-specific implants. Using advanced imaging procedures such as CT scans and MRI, implants can be tailored to the unique anatomy of individual patients, optimizing fit and function.
Emerging regenerative medicine trends influence the development of these devices that facilitate tissue regeneration. This includes using biological scaffolds, growth factors, and stem cells to enhance the body's natural healing processes. A notable shift towards outpatient joint replacement surgeries is observed, driven by advancements in anesthesia, pain management protocols, and surgical techniques. This trend aims to reduce hospital stays, enhance patient comfort, and optimize healthcare resource utilization.
According to the State Council, in 2021, the people of Chinese people on the mainland aged 60 or above will reach 264.02 million, including 190.64 million individuals aged 65 or above, or 13.5% of the total population. The aging demographic in China has contributed to an increased demand for joint replacement surgeries, including knee and hip replacements. Furthermore, the medical tourism index (MTI) for 2020-2021 places India at the tenth rank among 46 destinations globally, as reported by Invest India. From 2020 to 2021, the number of international visitors seeking medical treatment increased from 1.83 lakh to 3.04 lakh. Therefore, the factors mentioned above will propel market growth in this region.
The China market dominated the Asia Pacific Joint Reconstruction Devices Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,518.9 Million by 2030. The Japan market is registering a CAGR of 5.5% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 6.8% during (2023 - 2030).
Free Valuable Insights: The Global Joint Reconstruction Devices Market is Predict to reach $ 36.9 Billion by 2030, at a CAGR of 5.2%
Based on Joint Type, the market is segmented into Knee, Hip, Shoulder, Ankle, and Others. Based on Technique, the market is segmented into Joint Replacement, Osteotomy, Arthroscopy, Resurfacing, Arthrodesis, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
By Joint Type
By Technique
By Country
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