Asia Pacific Metal Trauma Implant Market Size and Forecast — 2021 - 2028
Metal trauma implants are medical devices which are used for temporarily or permanently restoration of the physiological functioning of skeletal structures and joints. The surgeons picks the implant by assessing several parameters such as size, weight, and type of material most appropriate to the patients. Based on the surgery there are several trauma implant products such as plates, screws, pins, and rods for fixation of the fractured bones. In addition, for ensuring the availability of implants, governments in Asia Pacific region are reducing the prices of implants. For instance, on July 31, 2019, the State Council of the People's Republic of China, announced a comprehensive and systematic approach to reduce the prices of medical devices and consumables.
The Asia Pacific metal trauma implant market is estimated to be valued at US$ 4,935.2 million in 2021 and is expected to exhibit a CAGR of 9.2% during the forecast period (2021-2028).
Figure 1. Asia Pacific Metal Trauma Implant Market Share In Terms of Value, By Material Type, 2021
Increasing technological advancements in orthopedic implants is expected to drive the market growth during the forecast period.
The rising demand for orthopedic procedures and increasing patient satisfaction has encouraged market players and researchers to develop implants with advanced technologies such as 3-D printing of implants or robotic surgery platforms. Orthopedic surgeons are widely using 3-D printing platforms, in order to develop orthopedic implants. Manufacturers in China are embracing metal additive manufacturing for large scale manufacturing of medical implants. For instance, AK Medical, a Beijing-based surgical and medical instrument manufacturing company, manufactures 3-D printed metal vertebrae.
Figure 2. Asia Pacific Metal Trauma Implant Market Share (%), By End User, 2021
Key players operating in the Asia Pacific metal trauma implant market are focusing on adoption of inorganic growth strategies such as acquisitions, which is expected to drive the market growth during the forecast period.
The increasing adoption of inorganic growth strategies such as acquisition by key players to expand their product portfolio is expected to drive the growth of Asia pacific metal trauma implant market. For instance, in November 2020, Stryker Corporation, a multinational medical technology company, announced the acquisition of Wright Medical Group N.V., a global medical device company focused on extremities and biologics.
- Current Industry Events of 2021
- Market Size Estimation
- Regional Breakdown
- Competitive Landscape
- Customer Intelligence
- Segmental Analysis
- Pricing Analysis
- Key Market Drivers, Challenges & Future Trends
- Customized Insights Section
Asia Pacific Metal Trauma Implant Market Report Coverage
| Report Coverage | Details | ||
|---|---|---|---|
| Base Year: | 2020 | Market Size in 2021: | US$ 4,935.2 Mn |
| Historical Data for: | 2017 to 2020 | Forecast Period: | 2021 to 2028 |
| Forecast Period 2021 to 2028 CAGR: | 9.2% | 2028 Value Projection: | US$ 9,154.2 Mn |
| Geographies covered: |
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| Segments covered: |
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| Companies covered: | DePuy Synthes Companies (Johnson & Johnson Services, Inc.), Zimmer Biomet, Conformis, Smith & Nephew Plc., Stryker Corporation, UMA Surgicals, Acumed LLC, Orthofix Medical Inc., Siora Surgical Pvt. Ltd., Japan MDM, Inc., KYOCERA Corporation, Meril Life Sciences Pvt. Ltd., Teijin Nakashima Medical Co., Ltd., Auxein Medical Pvt. Ltd., Narang Medical Ltd., Baumer S.A., Waston Medical Co., Ltd., Precision Spine Inc., Biomed Healthtech (P) Ltd, and Matrix Meditec Pvt. Ltd. | ||
| Growth Drivers: |
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| Restraints & Challenges: |
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Asia Pacific Metal Trauma Implant Market – Impact of Coronavirus (COVID-19) Pandemic
The COVID-19 pandemic and lockdown in various countries across the globe have impacted the financial status of businesses across all sectors. The private healthcare sector is one such sectors, which has been majorly impacted by the pandemic.
The pandemic has negatively impacted the growth of Asia Pacific metal trauma implant market, this is due to limited number of orthopedic patients visiting hospitals owing to restricted movement due to lockdown. In addition, the fall in cases of traumatic fractures during the pandemic is further hampering the market growth. For instance, based on a study conducted in the Yogyakarta Special Region (Daerah Istimewa Yogyakarta/DIY), Indonesia to evaluate the epidemiology of traumatic fractures in March-May 2020. It was reported that during the COVID-19 emergency response period in DIY, there was almost 47.68% drop in patients with fractures, an increase in patients injured at home, a decrease in patients referred to another hospital, and an increase in surgically treated closed fractures.
Asia Pacific Metal Trauma Implant Market: Restraint
Implants made of metals have several disadvantages due to which healthcare professionals as well as patients are preferring implants made of others materials such as ceramics and other biomaterials. The disadvantages of metal implants include high elastic modulus that causes stress shielding and toxic effects by ions released from metallic implants. Hence, such disadvantages of metal implants are expected to hinder growth of the Asia Pacific metal trauma implant market over the forecast period.
Key Players
Major players operating in the Asia Pacific metal trauma implant market include DePuy Synthes Companies (Johnson & Johnson Services, Inc.), Zimmer Biomet, Conformis, Smith & Nephew Plc., Stryker Corporation, UMA Surgicals, Acumed LLC, Orthofix Medical Inc., Siora Surgical Pvt. Ltd., Japan MDM, Inc., KYOCERA Corporation, Meril Life Sciences Pvt. Ltd., Teijin Nakashima Medical Co., Ltd., Auxein Medical Pvt. Ltd., Narang Medical Ltd., Baumer S.A., Waston Medical Co., Ltd., Precision Spine Inc., Biomed Healthtech (P) Ltd, and Matrix Meditec Pvt. Ltd.
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Frequently Asked Questions
The global Asia Pacific Metal Trauma Implant Market size was valued at USD 4,935.2 million in 2021 and is expected to reach USD 9,154.2 million in 2028.
The Asia Pacific metal trauma implant market is estimated to be valued at US$ 4,935.2 million in 2021 and is expected to exhibit a CAGR of 9.2% between 2021 and 2028.
Factors such as increasing adoption of inorganic growth strategies such as acquisition by key players to expand their product portfolio is expected to drive the market growth during the forecast period.
Metal plates segment is expected to hold a major market share during the forecast period in the market.
The major factor hampering growth of the market include disadvantages of metal implants which is leading to adoption of implants made of other materials such as ceramics and other biomaterials.
Major players operating in the market include DePuy Synthes Companies (Johnson & Johnson Services, Inc.), Zimmer Biomet, Conformis, Smith & Nephew Plc., Stryker Corporation, UMA Surgicals, Acumed LLC, Orthofix Medical Inc., Siora Surgical Pvt. Ltd., Japan MDM, Inc., KYOCERA Corporation, Meril Life Sciences Pvt. Ltd., Teijin Nakashima Medical Co., Ltd., Auxein Medical Pvt. Ltd., Narang Medical Ltd., Baumer S.A., Waston Medical Co., Ltd., Precision Spine Inc., Biomed Healthtech (P) Ltd, and Matrix Meditec Pvt. Ltd.