Asia-Pacific orthopedic soft tissue repair market is expected to reach USD 2,228.50 million by 2024, from USD 1,227.28 million in 2016 growing at a CAGR of 7.8% in the forecast period 2017 to 2024.
The major factors driving the growth of this market are the increasing rate of accident & injuries, growth in aging population and rising healthcare expenditure. On the other hand, lack of awareness may hinder the growth of the market. On the other hand, lack of awareness may hinder the growth of the market. The orthopedic soft tissue repair market in the Asia-Pacific region is leading in Japan.
The key market players for Asia-Pacific orthopedic soft tissue repair market are listed below;
Depuy Synthes (J&J),
Smith & Nephew PLC
Medtronic
The market is further segmented into;
product type,
procedure,
end user
The Asia-Pacific orthopedic soft tissue repair market is segmented on the basis of product type, procedure, end user. On the basis of product type, Asia-Pacific orthopedic soft tissue repair market is segmented into fixation devices, tissue patch and laparoscopic instruments. In 2017, fixation devices is expected to dominate the Asia-Pacific orthopedic soft tissue repair market with 55.5% market share and is expected to reach USD 1285.16 million by 2024, growing at the highest CAGR of 8.4% in the forecast period 2017 to 2024.
On the basis of procedure, the Asia-Pacific orthopedic soft tissue repair market is segmented into anterior cruciate ligament (ACL), rotator cuff, vaginal prolapse, lateral epicondylitis, Achilles and gluteal tendon. In 2017, orthopedic repair is expected to dominate the Asia-Pacific orthopedic soft tissue repair market with 50.6% market share and is expected to reach USD 1176.84 million by 2024, growing at the highest CAGR of 8.5% in the forecast period 2017 to 2024.
On the basis of end user, the Asia-Pacific orthopedic soft tissue repair market is segmented into hospitals, ambulatory center and orthopedic clinics. In 2017, hospitals is expected to dominate the Asia-Pacific orthopedic soft tissue repair market with 47.8% market share and is expected to reach USD 1124.39 million by 2024, growing at the highest CAGR of 8.7% in the forecast period 2017 to 2024.?
Based on geography, the Asia-Pacific orthopedic soft tissue repair market is segmented into geographical regions, such as,
China,
Japan,
India,
South Korea,
Australia,
Thailand,
Malaysia,
Singapore,
Indonesia,
Philippines
Rest of Asia-Pacific
Covered in this report
The report covers the present scenario and the growth prospects of the Asia-Pacific orthopedic soft tissue repair market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of the web conferencing and unified communication and collaboration (UC&C) and video conferencing, secondary resources and doing in-depth company share analysis of major 10 players in the market.
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