The Asia Pacific Meniscus Repair Systems Market would witness market growth of 6.2% CAGR during the forecast period (2022-2028).
A meniscus tear's differential diagnosis is established by evaluating the symptoms and indicators. Joint pain tests, CT scans, X-rays, and radiography may all be performed to examine the anatomy of joints. Meniscus tears are treated using both invasive and non-invasive techniques. Surgical repair techniques may be divided into four categories: open, outside-in, inside-out, and all-inside. Meniscus tears can have serious side effects if neglected.
The side effects include neurological dystrophies, abnormalities, and persistent fractures. Therefore, the market will rise as more meniscal allograft transplants and repair surgeries are performed. Because of their significant development potential and desire to broaden their distribution network, most big medical device companies are concentrating on developing countries.
In addition to other variables that make these markets very attractive for medical device businesses, changes in disease patterns brought on by changes in lifestyle and increased wealth have led to an increase in the need for excellent healthcare and greater access to healthcare services. Therefore, even though developed nations dominate the industry, developing markets offer the meniscus repair systems market more potential for development.
Due to the increasing aging population, it is crucial to create age-friendly cities and communities where older people may prosper and make substantial contributions to society. Japan's population is aging quickly; in 2017, there were 27.7% of people over 65. This percentage is the highest globally and is expected to keep rising until it reaches 38.4% in 2065. In Japan, there were around 28.6% of people over the age of 65 in 2020. Therefore, the demand for meniscus repair systems in the APAC area would be further increased by the possibility that an aging population would increase the prevalence of disorders requiring meniscus surgery.
The China market dominated the Asia Pacific Meniscus Repair Systems Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $44.1 million by 2028. The Japan market is estimated to grow a CAGR of 5.5% during (2022 - 2028). Additionally, The India market would experience a CAGR of 6.8% during (2022 - 2028).
Based on Product Type, the market is segmented into All-inside, Inside-out, Outside-in and Meniscal Root Repair System. Based on Application, the market is segmented into Radial Tear, Flap Tear, Horizontal Tear, Complex Tear and Others. Based on End-use, the market is segmented into Hospitals, Ambulatory Surgical Centers, Specialized Orthopedic Clinics and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Meniscus Repair Systems Market is Projected to reach USD 618.5 Million by 2028, at a CAGR of 5.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Johnson & Johnson (DePuy Synthes), Stryker Corporation, Zimmer Biomet Holdings, Inc., Smith & Nephew PLC, ConMed Corporation, Agilent Technologies, Inc., Arcuro Medical Ltd. (Trendlines Group Ltd.), Arthrex, Inc., and Double Medical Technology Inc.
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