In recent years, the usage of joint reconstruction devices has increased due to the increasing aging population, increasing obese population, increase in per capita GDP, increasing number of outpatient procedures, and technological advancements.
Inquiry before Buying @ http://www.micromarketmonitor.com/contact/4733200833-inquery_before_buy.html
Japan accounted for the largest share of the Asia-Pacific joint reconstruction devices market. In the next 5 years, the joint reconstruction devices market in Japan is projected to grow at a CAGR of 3.5%.
In recent years, orthopedic technology such as implant designs have evolved and have helped the market to maintain a steady growth. It is expected to continue in coming years as well.
Download PDF Brochure @ http://www.micromarketmonitor.com/contact/4733200833-download_pdf_brochure.html
The increasing demand from the geriatric population for joint reconstruction procedures propels the growth of the treatment devices market in Asia-Pacific. Demographic changes across Asia-Pacific, such as the number of people of age 65 and above, is expected to grow dramatically over the next 50 years. Based on a report by the United Nations (U.N.), the percentage of people in Asia-Pacific below the age of fourteen will drop from 25% in 2014 to 17% by 2060.
Obesity is also a major cause for the rising demand of orthopedic products in Asia-Pacific. As per World Health Organization (WHO) projection, by 2015, approximately 2-3 billion adults will be overweight and more than 700 million will be obese.
The major players in the Asia-Pacific joint reconstruction devices market includes 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). The major developments adopted by key players in the Asia-Pacific joint reconstruction devices market include new product launches and mergers & acquisitions.
