The Asia Pacific Upper Extremity Implants Market would witness market growth of 7.2% CAGR during the forecast period (2023-2029).
In stereolithography (SLA), the workpiece is immersed gradually deeper and deeper into a photopolymer liquid solution (epoxy resin, for example). A laser passes over the initial material throughout each stage to harden it in thin layers to form the desired shape. Stereolithography is a 3D printing technique that has been utilized for a long time, so much experience has been acquired. Thus, such use of technology to create implants specific to the needs of patients that are durable and easy to use will drive the market growth.
The demand is driven by the rising prevalence of decreased bone density, weakened bones, musculoskeletal disorders, and the danger of degenerative bone disorders. In addition, an increase in the incidence of orthopedic injuries or diseases like arthritis and osteoarthritis and the rapid growth of the geriatric population, which is more susceptible to orthopedic disorders, are growth drivers for the market. In addition, developments in technology such as robot-assisted surgical tools, the adoption of implanted medical devices, and the widespread application of such implants in the management of musculoskeletal and orthopedic disorders and injuries all contribute to the expansion of the market.
Japan now ranks among the nations with the longest life expectancies in the world due to its rising average life expectancy. Men's average life expectancy was 81.25 years in 2018, while women's average was 87.32 years. Men are predicted to live an average of 84.95 years and women an average of 91.35 years by 2065. As it keeps rising, the proportion of adults 65 and older is presently the greatest globally. It was 28.4 in 2019 and is anticipated to increase to 33.35 in 2036 and 38.4 in 2065. Thus, due to the government's insurance schemes and the growing old age population, the need and usage of upper extremity implants will propel APAC, as such population is more prone to attain injuries or complications that require these implants.
The China market dominated the Asia Pacific Upper Extremity Implants Market by Country in 2022 and would continue to be a dominant market till 2029; thereby, achieving a market value of $154.1 million by 2029. The Japan market is experiencing a CAGR of 6.5% during (2023 - 2029). Additionally, The India market would exhibit a CAGR of 7.8% during (2023 - 2029).
Based on Material, the market is segmented into Metallic Biomaterials, Ceramic Biomaterials, Polymeric Biomaterials and Natural Biomaterials. Based on Type, the market is segmented into Shoulder, Elbow and Hand & Wrist. Based on End-use, the market is segmented into Hospitals, Clinics and ASCs'. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Upper Extremity Implants Market is Projected to reach USD 2.3 Billion by 2029, at a CAGR of 6.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Stryker Corporation, DePuy Synthes (Johnson & Johnson), Zimmer Biomet Holdings, Inc., Smith & Nephew PLC, Medtronic PLC, Aesculap, Inc. (B. Braun Melsungen AG), DJO Global (Enovis Corporation), Ossur Hf., Acumed LLC (Colson Medical, Inc.) and Arthrex, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Material
- Metallic Biomaterials
- Ceramic Biomaterials
- Polymeric Biomaterials
- Natural Biomaterials
By Type
- Shoulder
- Elbow
- Hand & Wrist
By End-use
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Stryker Corporation
- DePuy Synthes (Johnson & Johnson)
- Zimmer Biomet Holdings, Inc.
- Smith & Nephew PLC
- Medtronic PLC
- Aesculap, Inc. (B. Braun Melsungen AG)
- DJO Global (Enovis Corporation)
- Ossur Hf.
- Acumed LLC (Colson Medical, Inc.)
- Arthrex, Inc.
TABLE 1 Asia Pacific Upper Extremity Implants Market, 2019 - 2022, USD Million
TABLE 2 Asia Pacific Upper Extremity Implants Market, 2023 - 2029, USD Million
TABLE 3 Mergers & Acquisition – Upper Extremity Implants Market
TABLE 4 Product Launches And Product Expansions– Upper Extremity Implants Market
TABLE 5 Approvals and Trials– Upper Extremity Implants Market
TABLE 6 Geographical Expansions– Upper Extremity Implants Market
TABLE 7 Asia Pacific Upper Extremity Implants Market by Material, 2019 - 2022, USD Million
TABLE 8 Asia Pacific Upper Extremity Implants Market by Material, 2023 - 2029, USD Million
TABLE 9 Asia Pacific Metallic Biomaterials Market by Country, 2019 - 2022, USD Million
TABLE 10 Asia Pacific Metallic Biomaterials Market by Country, 2023 - 2029, USD Million
TABLE 11 Asia Pacific Ceramic Biomaterials Market by Country, 2019 - 2022, USD Million
TABLE 12 Asia Pacific Ceramic Biomaterials Market by Country, 2023 - 2029, USD Million
TABLE 13 Asia Pacific Polymeric Biomaterials Market by Country, 2019 - 2022, USD Million
TABLE 14 Asia Pacific Polymeric Biomaterials Market by Country, 2023 - 2029, USD Million
TABLE 15 Asia Pacific Natural Biomaterials Market by Country, 2019 - 2022, USD Million
TABLE 16 Asia Pacific Natural Biomaterials Market by Country, 2023 - 2029, USD Million
TABLE 17 Asia Pacific Upper Extremity Implants Market by Type, 2019 - 2022, USD Million
TABLE 18 Asia Pacific Upper Extremity Implants Market by Type, 2023 - 2029, USD Million
TABLE 19 Asia Pacific Shoulder Market by Country, 2019 - 2022, USD Million
TABLE 20 Asia Pacific Shoulder Market by Country, 2023 - 2029, USD Million
TABLE 21 Asia Pacific Elbow Market by Country, 2019 - 2022, USD Million
TABLE 22 Asia Pacific Elbow Market by Country, 2023 - 2029, USD Million
TABLE 23 Asia Pacific Hand & Wrist Market by Country, 2019 - 2022, USD Million
TABLE 24 Asia Pacific Hand & Wrist Market by Country, 2023 - 2029, USD Million
TABLE 25 Asia Pacific Upper Extremity Implants Market by End-use, 2019 - 2022, USD Million
TABLE 26 Asia Pacific Upper Extremity Implants Market by End-use, 2023 - 2029, USD Million
TABLE 27 Asia Pacific Hospitals Market by Country, 2019 - 2022, USD Million
TABLE 28 Asia Pacific Hospitals Market by Country, 2023 - 2029, USD Million
TABLE 29 Asia Pacific Clinics Market by Country, 2019 - 2022, USD Million
TABLE 30 Asia Pacific Clinics Market by Country, 2023 - 2029, USD Million
TABLE 31 Asia Pacific ASCs' Market by Country, 2019 - 2022, USD Million
TABLE 32 Asia Pacific ASCs' Market by Country, 2023 - 2029, USD Million
TABLE 33 Asia Pacific Upper Extremity Implants Market by Country, 2019 - 2022, USD Million
TABLE 34 Asia Pacific Upper Extremity Implants Market by Country, 2023 - 2029, USD Million
TABLE 35 China Upper Extremity Implants Market, 2019 - 2022, USD Million
TABLE 36 China Upper Extremity Implants Market, 2023 - 2029, USD Million
TABLE 37 China Upper Extremity Implants Market by Material, 2019 - 2022, USD Million
TABLE 38 China Upper Extremity Implants Market by Material, 2023 - 2029, USD Million
TABLE 39 China Upper Extremity Implants Market by Type, 2019 - 2022, USD Million
TABLE 40 China Upper Extremity Implants Market by Type, 2023 - 2029, USD Million
TABLE 41 China Upper Extremity Implants Market by End-use, 2019 - 2022, USD Million
TABLE 42 China Upper Extremity Implants Market by End-use, 2023 - 2029, USD Million
TABLE 43 Japan Upper Extremity Implants Market, 2019 - 2022, USD Million
TABLE 44 Japan Upper Extremity Implants Market, 2023 - 2029, USD Million
TABLE 45 Japan Upper Extremity Implants Market by Material, 2019 - 2022, USD Million
TABLE 46 Japan Upper Extremity Implants Market by Material, 2023 - 2029, USD Million
TABLE 47 Japan Upper Extremity Implants Market by Type, 2019 - 2022, USD Million
TABLE 48 Japan Upper Extremity Implants Market by Type, 2023 - 2029, USD Million
TABLE 49 Japan Upper Extremity Implants Market by End-use, 2019 - 2022, USD Million
TABLE 50 Japan Upper Extremity Implants Market by End-use, 2023 - 2029, USD Million
TABLE 51 India Upper Extremity Implants Market, 2019 - 2022, USD Million
TABLE 52 India Upper Extremity Implants Market, 2023 - 2029, USD Million
TABLE 53 India Upper Extremity Implants Market by Material, 2019 - 2022, USD Million
TABLE 54 India Upper Extremity Implants Market by Material, 2023 - 2029, USD Million
TABLE 55 India Upper Extremity Implants Market by Type, 2019 - 2022, USD Million
TABLE 56 India Upper Extremity Implants Market by Type, 2023 - 2029, USD Million
TABLE 57 India Upper Extremity Implants Market by End-use, 2019 - 2022, USD Million
TABLE 58 India Upper Extremity Implants Market by End-use, 2023 - 2029, USD Million
TABLE 59 South Korea Upper Extremity Implants Market, 2019 - 2022, USD Million
TABLE 60 South Korea Upper Extremity Implants Market, 2023 - 2029, USD Million
TABLE 61 South Korea Upper Extremity Implants Market by Material, 2019 - 2022, USD Million
TABLE 62 South Korea Upper Extremity Implants Market by Material, 2023 - 2029, USD Million
TABLE 63 South Korea Upper Extremity Implants Market by Type, 2019 - 2022, USD Million
TABLE 64 South Korea Upper Extremity Implants Market by Type, 2023 - 2029, USD Million
TABLE 65 South Korea Upper Extremity Implants Market by End-use, 2019 - 2022, USD Million
TABLE 66 South Korea Upper Extremity Implants Market by End-use, 2023 - 2029, USD Million
TABLE 67 Singapore Upper Extremity Implants Market, 2019 - 2022, USD Million
TABLE 68 Singapore Upper Extremity Implants Market, 2023 - 2029, USD Million
TABLE 69 Singapore Upper Extremity Implants Market by Material, 2019 - 2022, USD Million
TABLE 70 Singapore Upper Extremity Implants Market by Material, 2023 - 2029, USD Million
TABLE 71 Singapore Upper Extremity Implants Market by Type, 2019 - 2022, USD Million
TABLE 72 Singapore Upper Extremity Implants Market by Type, 2023 - 2029, USD Million
TABLE 73 Singapore Upper Extremity Implants Market by End-use, 2019 - 2022, USD Million
TABLE 74 Singapore Upper Extremity Implants Market by End-use, 2023 - 2029, USD Million
TABLE 75 Malaysia Upper Extremity Implants Market, 2019 - 2022, USD Million
TABLE 76 Malaysia Upper Extremity Implants Market, 2023 - 2029, USD Million
TABLE 77 Malaysia Upper Extremity Implants Market by Material, 2019 - 2022, USD Million
TABLE 78 Malaysia Upper Extremity Implants Market by Material, 2023 - 2029, USD Million
TABLE 79 Malaysia Upper Extremity Implants Market by Type, 2019 - 2022, USD Million
TABLE 80 Malaysia Upper Extremity Implants Market by Type, 2023 - 2029, USD Million
TABLE 81 Malaysia Upper Extremity Implants Market by End-use, 2019 - 2022, USD Million
TABLE 82 Malaysia Upper Extremity Implants Market by End-use, 2023 - 2029, USD Million
TABLE 83 Rest of Asia Pacific Upper Extremity Implants Market, 2019 - 2022, USD Million
TABLE 84 Rest of Asia Pacific Upper Extremity Implants Market, 2023 - 2029, USD Million
TABLE 85 Rest of Asia Pacific Upper Extremity Implants Market by Material, 2019 - 2022, USD Million
TABLE 86 Rest of Asia Pacific Upper Extremity Implants Market by Material, 2023 - 2029, USD Million
TABLE 87 Rest of Asia Pacific Upper Extremity Implants Market by Type, 2019 - 2022, USD Million
TABLE 88 Rest of Asia Pacific Upper Extremity Implants Market by Type, 2023 - 2029, USD Million
TABLE 89 Rest of Asia Pacific Upper Extremity Implants Market by End-use, 2019 - 2022, USD Million
TABLE 90 Rest of Asia Pacific Upper Extremity Implants Market by End-use, 2023 - 2029, USD Million
TABLE 91 key Information – Stryker Corporation
TABLE 92 Key Information – DePuy Synthes
TABLE 93 key Information – Zimmer Biomet Holdings, Inc.
TABLE 94 key Information – Smith & Nephew PLC
TABLE 95 Key Information – Medtronic PLC
TABLE 96 key Information – Aesculap, Inc
TABLE 97 Key Information – DJO Global
TABLE 98 Key Information – Ossur Hf.
TABLE 99 Key Information – Acumed LLC
TABLE 100 Key information – Arthrex, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 4 Key Strategic Move: (Mergers & Acquisition : 2019, Jun – 2023, May) Leading Players
FIG 5 Asia Pacific Upper Extremity Implants Market Share by Material, 2022
FIG 6 Asia Pacific Upper Extremity Implants Market Share by Material, 2029
FIG 7 Asia Pacific Upper Extremity Implants Market by Material, 2019 - 2029, USD Million
FIG 8 Asia Pacific Upper Extremity Implants Market Share by Type, 2022
FIG 9 Asia Pacific Upper Extremity Implants Market Share by Type, 2029
FIG 10 Asia Pacific Upper Extremity Implants Market by Type, 2019 - 2029, USD Million
FIG 11 Asia Pacific Upper Extremity Implants Market Share by End-use, 2022
FIG 12 Asia Pacific Upper Extremity Implants Market Share by End-use, 2029
FIG 13 Asia Pacific Upper Extremity Implants Market by End-use, 2019 - 2029, USD Million
FIG 14 Asia Pacific Upper Extremity Implants Market Share by Country, 2022
FIG 15 Asia Pacific Upper Extremity Implants Market Share by Country, 2029
FIG 16 Asia Pacific Upper Extremity Implants Market by Country, 2019 - 2029, USD Million
FIG 17 Recent strategies and developments: Stryker Corporation
FIG 18 Recent strategies and developments: Medtronic PLC
FIG 19 Swot analysis: Medtronic plc