The Asia Pacific Meniscus Repair Systems Market should 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.
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.
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.
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.
Scope of the Study
By Product Type
- All-inside
- Inside-out
- Outside-in
- Meniscal Root Repair System
By Application
- Radial Tear
- Flap Tear
- Horizontal Tear
- Complex Tear
- Others
By End-use
- Hospitals
- Ambulatory Surgical Centers
- Specialized Orthopedic Clinics
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- 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.
- Double Medical Technology Inc.
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- Exhaustive coverage
- The highest number of Market tables and figures
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Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Meniscus Repair Systems Market, by Product Type
1.4.2 Asia Pacific Meniscus Repair Systems Market, by Application
1.4.3 Asia Pacific Meniscus Repair Systems Market, by End-use
1.4.4 Asia Pacific Meniscus Repair Systems Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Asia Pacific Meniscus Repair Systems Market by Product Type
3.1 Asia Pacific All-inside Market by Country
3.2 Asia Pacific Inside-out Market by Country
3.3 Asia Pacific Outside-in Market by Country
3.4 Asia Pacific Meniscal Root Repair System Market by Country
Chapter 4. Asia Pacific Meniscus Repair Systems Market by Application
4.1 Asia Pacific Radial Tear Market by Country
4.2 Asia Pacific Flap Tear Market by Country
4.3 Asia Pacific Horizontal Tear Market by Country
4.4 Asia Pacific Complex Tear Market by Country
4.5 Asia Pacific Others Market by Country
Chapter 5. Asia Pacific Meniscus Repair Systems Market by End-use
5.1 Asia Pacific Hospitals Market by Country
5.2 Asia Pacific Ambulatory Surgical Centers Market by Country
5.3 Asia Pacific Specialized Orthopedic Clinics Market by Country
5.4 Asia Pacific Others Market by Country
Chapter 6. Asia Pacific Meniscus Repair Systems Market by Country
6.1 China Meniscus Repair Systems Market
6.1.1 China Meniscus Repair Systems Market by Product Type
6.1.2 China Meniscus Repair Systems Market by Application
6.1.3 China Meniscus Repair Systems Market by End-use
6.2 Japan Meniscus Repair Systems Market
6.2.1 Japan Meniscus Repair Systems Market by Product Type
6.2.2 Japan Meniscus Repair Systems Market by Application
6.2.3 Japan Meniscus Repair Systems Market by End-use
6.3 India Meniscus Repair Systems Market
6.3.1 India Meniscus Repair Systems Market by Product Type
6.3.2 India Meniscus Repair Systems Market by Application
6.3.3 India Meniscus Repair Systems Market by End-use
6.4 South Korea Meniscus Repair Systems Market
6.4.1 South Korea Meniscus Repair Systems Market by Product Type
6.4.2 South Korea Meniscus Repair Systems Market by Application
6.4.3 South Korea Meniscus Repair Systems Market by End-use
6.5 Singapore Meniscus Repair Systems Market
6.5.1 Singapore Meniscus Repair Systems Market by Product Type
6.5.2 Singapore Meniscus Repair Systems Market by Application
6.5.3 Singapore Meniscus Repair Systems Market by End-use
6.6 Malaysia Meniscus Repair Systems Market
6.6.1 Malaysia Meniscus Repair Systems Market by Product Type
6.6.2 Malaysia Meniscus Repair Systems Market by Application
6.6.3 Malaysia Meniscus Repair Systems Market by End-use
6.7 Rest of Asia Pacific Meniscus Repair Systems Market
6.7.1 Rest of Asia Pacific Meniscus Repair Systems Market by Product Type
6.7.2 Rest of Asia Pacific Meniscus Repair Systems Market by Application
6.7.3 Rest of Asia Pacific Meniscus Repair Systems Market by End-use
Chapter 7. Company Profiles
7.1 Johnson & Johnson (DePuy Synthes)
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental &Regional Analysis
7.1.4 Research & Development Expenses
7.1.5 Recent strategies and developments:
7.1.5.1 Partnerships, Collaborations, and Agreements:
7.1.5.2 Product Launches and Product Expansions:
7.2 Stryker Corporation
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expense
7.3 Zimmer Biomet Holdings, Inc.
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expense
7.3.5 Recent strategies and developments:
7.3.5.1 Acquisition and Mergers:
7.4 Smith & Nephew PLC
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Regional and Segmental Analysis
7.4.4 Research & Development Expense
7.4.5 Recent strategies and developments:
7.4.5.1 Product Launches and Product Expansions:
7.5 ConMed Corporation
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Regional Analysis
7.5.4 Research & Development Expense
7.6 Agilent Technologies, Inc.
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Research & Development Expense
7.7 Arcuro Medical Ltd. (Trendlines Group Ltd.)
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Research & Development Expenses
7.8 Arthrex, Inc.
7.8.1 Company Overview
7.9 Double Medical Technology Inc.
7.9.1 Company Overview
Companies Mentioned
- 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.
- Double Medical Technology Inc.
Methodology
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