According to the new market research report “Asia-Pacific Joint Reconstruction Devices Market, By Anatomy (Knee Reconstruction Devices, Hip Reconstruction Devices, Shoulder Reconstruction Devices), By End User (Hospital, Surgical Centers, Orthopedic Clinics), By Geography - Forecasts to 2020”, the Asia-Pacific Joint Reconstruction Devices Market size is expected to reach USD 2.89 billion by 2020, at a CAGR of 4.4% from 2015 to 2020.
Browse through the TOC of Asia-Pacific Joint Reconstruction Devices Market for an analysis of industry trends, segments & forecasts.
Joint replacement surgery is a procedure in which a dysfunctional joint surface is replaced with an orthopedic prosthesis. Prosthesis or a new joint is usually made of either plastic, metal, or both, designed to replicate the normal movement. It may be cemented or cementless, so that bone can naturally grow into it. Such surgery is performed when alternative, less-invasive therapies fail to alleviate the pain. Most common types of joint replacements include knee and hip reconstruction surgery. Other joints that can be replaced include shoulder, ankle, foot, and elbows.
Joint reconstruction devices are medical devices designed and developed to replace a missing joint or bone or to support a damaged bone. These implants are fabricated using materials such as stainless steel and titanium alloys that impart strength and a plastic coating that acts as a cartilage. Fixation of implants to the bone is accomplished either with bone cement or through cementless reconstruction. Bone cement serves to fix implants to the place while through cementless reconstruction, the bone eithers adheres to the implant coating or is incorporated into the surface of the implants.
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The rising number of outpatient procedures, technological advancements, and the demand from aging population are the major factors driving the joint reconstruction devices market in Asia-Pacific. Other factors driving the growth of this market include increasing obese population and increase in per capita GDP.
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The Asia-Pacific joint reconstruction devices market is analyzed and segmented on the basis of anatomy, type, end user, and geography. By geography, the market is classified into China, Japan. India, Australia, Republic of Korea, and Rest of Asia-Pacific. Japan accounted for the largest share of the Asia-Pacific joint reconstruction devices market. The market for joint reconstruction devices in Japan is projected to grow at a CAGR of 3.5% during the forecast period.
The major players in the Asia-Pacific joint reconstruction devices market are Zimmer Inc. (U.S.), DePuy Synthes (U.S.), Stryker Corporation (U.S.), Smith & Nephew Plc. (U.K.), Tornier, Inc. (U.S.), Corin Group Plc. (U.K.), DJO Global, Inc. (U.S.), Exactech, Inc. (U.S.), United Orthopedic Corporation (Taiwan), and Japan MDM Inc. (Japan).
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