The Asia Pacific Osteosynthesis Devices Market should witness market growth of 9.2% CAGR during the forecast period (2022-2028).
The commonly employed titanium plates cannot totally meet the need for solid fixation for good modeling in maxillofacial osteosynthetic operations due to their limitations in terms of imaging interference, mutagenesis effects, and visibility. It has been determined that using bioabsorbable osteosynthesis devices can significantly reduce or eliminate these constraints. Recent years have seen significant improvements in bioabsorbable osteosynthesis devices thanks to the use of bioactive osteoconductive materials and an accelerator substance. While making efforts on novel material advancements and newer product developments, major players in the bioabsorbable osteosynthesis market are increasingly concentrating on strengthening their hold in the supply chain to increase the market penetration of their existing bioabsorbable osteosynthesis devices.
The development of entire-body absorbable solutions has been emphasized by major participants in the market for bioabsorbable osteosynthesis devices. This led to the development of a novel method known as orientrusion, which improves the strength of polylactide while making it fully biocompatible and absorbable. Medial malleolar fractures have been successfully treated with bioabsorbable osteosynthesis implants made from orientruded polylactide.
The increasing spending of the people on healthcare facilities and the high awareness among people regarding these diseases and treatments would accelerate the growth of the regional vertebral compression fracture devices market over the forecast period. Additionally, the growing population of older people, along with the increasing prevalence of osteoporosis & arthritis, would support the growth of the regional vertebral compression fracture devices, which further drives the demand for the Osteosynthesis Devices Market in the region.
The China market dominated the Asia Pacific Osteosynthesis Devices Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $981.5 million by 2028. The Japan market is estimated to grow a CAGR of 8.4% during (2022-2028). Additionally, The India market would experience a CAGR of 9.8% during (2022-2028).
Based on Type, the market is segmented into Internal (Screws & Plates, Wires & Pins, Intramedullary Rods & Nails, and Spinal Fixation Devices) and External (Fracture Fixation and Bone Lengthening). Based on Material, the market is segmented into Nondegradable and Degradable. Based on Fracture Type, the market is segmented into Patella, Tibia or Fibula, or Ankle, Hand & Wrist, Foot Bones & Vertebral Column, Hip, Pelvis, Clavicle, Scapula, or Humerus, Femur, Radius or ulna, 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 DePuy Synthes, Inc. (J & J Company), Stryker Corporation, Zimmer Biomet Holdings, Inc., Smith & Nephew PLC, Medtronic PLC, Olympus Corporation, Globus Medical, Inc., Arthrex, Inc., Lepu Medical Technology Co., Ltd, and Life Spine, Inc.
The commonly employed titanium plates cannot totally meet the need for solid fixation for good modeling in maxillofacial osteosynthetic operations due to their limitations in terms of imaging interference, mutagenesis effects, and visibility. It has been determined that using bioabsorbable osteosynthesis devices can significantly reduce or eliminate these constraints. Recent years have seen significant improvements in bioabsorbable osteosynthesis devices thanks to the use of bioactive osteoconductive materials and an accelerator substance. While making efforts on novel material advancements and newer product developments, major players in the bioabsorbable osteosynthesis market are increasingly concentrating on strengthening their hold in the supply chain to increase the market penetration of their existing bioabsorbable osteosynthesis devices.
The development of entire-body absorbable solutions has been emphasized by major participants in the market for bioabsorbable osteosynthesis devices. This led to the development of a novel method known as orientrusion, which improves the strength of polylactide while making it fully biocompatible and absorbable. Medial malleolar fractures have been successfully treated with bioabsorbable osteosynthesis implants made from orientruded polylactide.
The increasing spending of the people on healthcare facilities and the high awareness among people regarding these diseases and treatments would accelerate the growth of the regional vertebral compression fracture devices market over the forecast period. Additionally, the growing population of older people, along with the increasing prevalence of osteoporosis & arthritis, would support the growth of the regional vertebral compression fracture devices, which further drives the demand for the Osteosynthesis Devices Market in the region.
The China market dominated the Asia Pacific Osteosynthesis Devices Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $981.5 million by 2028. The Japan market is estimated to grow a CAGR of 8.4% during (2022-2028). Additionally, The India market would experience a CAGR of 9.8% during (2022-2028).
Based on Type, the market is segmented into Internal (Screws & Plates, Wires & Pins, Intramedullary Rods & Nails, and Spinal Fixation Devices) and External (Fracture Fixation and Bone Lengthening). Based on Material, the market is segmented into Nondegradable and Degradable. Based on Fracture Type, the market is segmented into Patella, Tibia or Fibula, or Ankle, Hand & Wrist, Foot Bones & Vertebral Column, Hip, Pelvis, Clavicle, Scapula, or Humerus, Femur, Radius or ulna, 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 DePuy Synthes, Inc. (J & J Company), Stryker Corporation, Zimmer Biomet Holdings, Inc., Smith & Nephew PLC, Medtronic PLC, Olympus Corporation, Globus Medical, Inc., Arthrex, Inc., Lepu Medical Technology Co., Ltd, and Life Spine, Inc.
Scope of the Study
By Type
- Internal
- Screws & Plates
- Wires & Pins
- Intramedullary Rods & Nails
- Spinal Fixation Devices
- External
- Fracture Fixation
- Bone Lengthening
By Material
- Nondegradable
- Degradable
By Fracture Type
- Patella, Tibia or Fibula, or Ankle
- Hand & Wrist
- Foot Bones & Vertebral Column
- Hip
- Pelvis
- Clavicle, Scapula, or Humerus
- Femur
- Radius or ulna
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- DePuy Synthes, Inc. (J & J Company)
- Stryker Corporation
- Zimmer Biomet Holdings, Inc.
- Smith & Nephew PLC
- Medtronic PLC
- Olympus Corporation
- Globus Medical, Inc.
- Arthrex, Inc.
- Lepu Medical Technology Co., Ltd
- Life Spine, 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 Osteosynthesis Devices Market, by Type
1.4.2 Asia Pacific Osteosynthesis Devices Market, by Material
1.4.3 Asia Pacific Osteosynthesis Devices Market, by Fracture Type
1.4.4 Asia Pacific Osteosynthesis Devices 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 and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Asia Pacific Osteosynthesis Devices Market by Type
3.1 Asia Pacific Internal Market by Country
3.2 Asia Pacific Osteosynthesis Devices Market by Internal Type
3.2.1 Asia Pacific Screws & Plates Market by Country
3.2.2 Asia Pacific Wires & Pins Market by Country
3.2.3 Asia Pacific Intramedullary Rods & Nails Market by Country
3.2.4 Asia Pacific Spinal Fixation Devices Market by Country
3.3 Asia Pacific External Market by Country
3.4 Asia Pacific Osteosynthesis Devices Market by External Type
3.4.1 Asia Pacific Fracture Fixation Market by Country
3.4.2 Asia Pacific Bone Lengthening Market by Country
Chapter 4. Asia Pacific Osteosynthesis Devices Market by Material
4.1 Asia Pacific Nondegradable Market by Country
4.2 Asia Pacific Degradable Market by Country
Chapter 5. Asia Pacific Osteosynthesis Devices Market by Fracture Type
5.1 Asia Pacific Patella, Tibia or Fibula, or Ankle Market by Country
5.2 Asia Pacific Hand & Wrist Market by Country
5.3 Asia Pacific Foot Bones & Vertebral Column Market by Country
5.4 Asia Pacific Hip Market by Country
5.5 Asia Pacific Pelvis Market by Country
5.6 Asia Pacific Clavicle, Scapula, or Humerus Market by Country
5.7 Asia Pacific Femur Market by Country
5.8 Asia Pacific Radius or ulna Market by Country
5.9 Asia Pacific Others Market by Country
Chapter 6. Asia Pacific Osteosynthesis Devices Market by Country
6.1 China Osteosynthesis Devices Market
6.1.1 China Osteosynthesis Devices Market by Type
6.1.1.1 China Osteosynthesis Devices Market by Internal Type
6.1.1.2 China Osteosynthesis Devices Market by External Type
6.1.2 China Osteosynthesis Devices Market by Material
6.1.3 China Osteosynthesis Devices Market by Fracture Type
6.2 Japan Osteosynthesis Devices Market
6.2.1 Japan Osteosynthesis Devices Market by Type
6.2.1.1 Japan Osteosynthesis Devices Market by Internal Type
6.2.1.2 Japan Osteosynthesis Devices Market by External Type
6.2.2 Japan Osteosynthesis Devices Market by Material
6.2.3 Japan Osteosynthesis Devices Market by Fracture Type
6.3 India Osteosynthesis Devices Market
6.3.1 India Osteosynthesis Devices Market by Type
6.3.1.1 India Osteosynthesis Devices Market by Internal Type
6.3.1.2 India Osteosynthesis Devices Market by External Type
6.3.2 India Osteosynthesis Devices Market by Material
6.3.3 India Osteosynthesis Devices Market by Fracture Type
6.4 South Korea Osteosynthesis Devices Market
6.4.1 South Korea Osteosynthesis Devices Market by Type
6.4.1.1 South Korea Osteosynthesis Devices Market by Internal Type
6.4.1.2 South Korea Osteosynthesis Devices Market by External Type
6.4.2 South Korea Osteosynthesis Devices Market by Material
6.4.3 South Korea Osteosynthesis Devices Market by Fracture Type
6.5 Singapore Osteosynthesis Devices Market
6.5.1 Singapore Osteosynthesis Devices Market by Type
6.5.1.1 Singapore Osteosynthesis Devices Market by Internal Type
6.5.1.2 Singapore Osteosynthesis Devices Market by External Type
6.5.2 Singapore Osteosynthesis Devices Market by Material
6.5.3 Singapore Osteosynthesis Devices Market by Fracture Type
6.6 Malaysia Osteosynthesis Devices Market
6.6.1 Malaysia Osteosynthesis Devices Market by Type
6.6.1.1 Malaysia Osteosynthesis Devices Market by Internal Type
6.6.1.2 Malaysia Osteosynthesis Devices Market by External Type
6.6.2 Malaysia Osteosynthesis Devices Market by Material
6.6.3 Malaysia Osteosynthesis Devices Market by Fracture Type
6.7 Rest of Asia Pacific Osteosynthesis Devices Market
6.7.1 Rest of Asia Pacific Osteosynthesis Devices Market by Type
6.7.1.1 Rest of Asia Pacific Osteosynthesis Devices Market by Internal Type
6.7.1.2 Rest of Asia Pacific Osteosynthesis Devices Market by External Type
6.7.2 Rest of Asia Pacific Osteosynthesis Devices Market by Material
6.7.3 Rest of Asia Pacific Osteosynthesis Devices Market by Fracture Type
Chapter 7. Company Profiles
7.1 Medtronic PLC
7.1.1 Company overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expenses
7.1.5 SWOT Analysis
7.2 Johnson & Johnson (DePuy Synthes)
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental &Regional Analysis
7.2.4 Research & Development Expenses
7.2.5 Recent strategies and developments:
7.2.5.1 Acquisitions and Mergers:
7.2.5.2 Product Launches and Product Expansions:
7.3 Stryker Corporation
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expense
7.4 Zimmer Biomet Holdings, Inc.
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expense
7.4.5 Recent strategies and developments:
7.4.5.1 Acquisitions and Mergers:
7.5 Smith & Nephew PLC
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental Analysis
7.6 Globus Medical, Inc.
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Regional Analysis
7.6.4 Research & Development Expense
7.7 Olympus Corporation
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.7.4 Recent strategies and developments:
7.7.4.1 Acquisition and Mergers:
7.8 Lepu Medical Technology Co., Ltd
7.8.1 Company Overview
7.9 Arthrex, Inc.
7.9.1 Company Overview
7.9.2 Recent strategies and developments:
7.9.2.1 Geographical Expansions:
7.10. Life Spine, Inc.
7.10.1 Company Overview
Companies Mentioned
- DePuy Synthes, Inc. (J & J Company)
- Stryker Corporation
- Zimmer Biomet Holdings, Inc.
- Smith & Nephew PLC
- Medtronic PLC
- Olympus Corporation
- Globus Medical, Inc.
- Arthrex, Inc.
- Lepu Medical Technology Co., Ltd
- Life Spine, Inc.
Methodology
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