LONDON and NEW YORK, December 10,
2014 /PRNewswire/ --
The Joint Replacement and Joint Reconstruction Market,
comprising hip replacement, knee replacement, shoulder replacement
and small joint replacement, in the Asia
Pacific (APAC)is projected to reach $6.4 billion by 2020. Hip arthroplasty and knee
arthroplasty are the most common types of joint replacements in
APAC.
http://www.abmrg.com/APAC-Joint-Replacement-And-Joint-Reconstruction-Market-Through-2020.html
Currently, the growth in the region is driven by chronic medical
conditions such as osteoarthritis, rheumatoid arthritis and
osteoporosis; technical advancement in implant designs; new joint
biomaterials; and robotic and minimally invasive surgeries (MIS).
Also, the market is pushed by favorable macroeconomic factors,
especially in India and
China.
The future growth would be driven by the above-mentioned chronic
conditions, younger patients undergoing joint replacement and
requiring further revision surgeries during their lifetime. The
market's growth would also be fuelled by improved healthcare
infrastructure, better diagnosis facilities, and favorable macro
economic factors such as increasing disposable income and rising
healthcare expenditure.
Also, a decline in sales and pricing pressure in the US and
other developed markets has forced companies to increase their
focus on the APAC region. China
and India offer a huge potential
for market growth due to their developing economies and the size of
the population. The key attributes that will govern the market in
this region will be innovation, technology, reduced cost and
existing products that are refined.
The key players dominating this space are DePuy Medical Pty.
Ltd, a Johnson & Johnson Company(NYSE: JNJ), Smith & Nephew
plc (NYSE: SNN; LSE: SN), Stryker Corporation(NYSE: SYK) and Zimmer
Holdings Inc (NYSE: ZMH). Other players in this space are Implants
International Ltd., KYOCERA Medical Corporation, subsidiary of
Kyocera Corp. (NYSE: KYO; TSE: 6971), Japan Medical Dynamic
Marketing, Inc. (TSE: 7600), Mathys Medical, OMNI Life
Science, a subsidiary of Orthopaedic Synergy, Inc., Waldemar
LINK and Wright Medical Group, Inc. (Nasdaq: WMGI).
'APAC Joint Replacement And Joint Reconstruction Market Through
2020', a strategic market report published by ABMRG recently,
analyzes the joint replacement market for the entire APAC
region. It reviews historical trends and forecasts (for the period
from 2007 to 2020), annualized trends for sales in terms of value
and volume, market growth, pricing (Average Selling Price or ASP),
competitive landscape and market share. It outlines the joint
replacement pipeline products and highlights findings of global
clinical studies. It offers a cross-category comparison for the
historical and forecast period. It also lists developments in the
global industry over the last two years, including M&As,
partnerships, clinical studies, pipelines, product approvals and
launches, recalls and litigations, market dynamics, market drivers
and restrains.
Why one should buy this report
The report can be instrumental in making strategic decisions
pertaining to:
- Competitive orthopedic product launches in APAC or countries
within the region.
- Capital investments based on the forecast for high potential
joint replacement segments.
- Capitalization of opportunities in high-growth geographies and
attractive joint arthroplasty markets.
- Identification of in-licensing and out-licensing opportunities,
and recognizing potential business partners and M&A targets
within the joint market.
- Procurement of raw material and inventory well in advance for
the orthopedic equipment companies.
- Preparation of management and strategic presentations for the
investors and shareholders.
- Managerial presentations to the management.
Other strategic market reports:
-Australia Joint Reconstruction Market Outlook, 2007-2020.
http://www.abmrg.com/Australia-Joint-Reconstruction-Market-Outlook-2007-2020.html
-UK Joint Reconstruction Market Forecast To 2020.
http://www.abmrg.com/UK-Joint-Reconstruction-Market-Forecast-To-2020.html
-India Joint Reconstruction Market Trends Forecast To 2020.
http://www.abmrg.com/India-Joint-Reconstruction-Market-Trends-Forecast-To-2020.html
-European Hip Replacement Market Through 2020- Opportunities,
Trends and Pipeline Analysis
http://www.abmrg.com/European-Hip-Replacement-Market-Through-2020---Opportunities-Trends-And-Pipeline-Analysis.html
-US Joint Reconstruction Market Outlook and Trends Until
2020
http://www.abmrg.com/US-Joint-Reconstruction-Market-Outlook-and-Trends-Until-2020.html
-Asia Pacific Orthopedic Devices Market Opportunity and Growth
Trends Forecast Till 2020
http://www.abmrg.com/Asia-Pacific-Orthopedic-Devices-Market-Opportunity-and-Growth-Trends-Forecast-Till-2020.html
About ABMRG
ABMRG (Ace Business and Market Research Group) is a research and
consulting firm focused on medical technology and pharmaceuticals.
It offers comprehensive research and analytical studies targeting
company, country and therapeutic sector, highlighting market
dynamics, vital trends, business strategies, clinical pipeline and
technology advancements. Its cutting edge reports empower companies
to make smarter, effective and faster strategic decisions for
business growth.
Contact:
+91 - 8238155239
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