Orthopedic Devices Market in Japan 2017-2021

Overview of the orthopedic devices market in Japan

The adoption of less invasive procedures has reduced the risk of trauma to soft tissues near the diseased area and helped in the prevention of large incisions. The preference for minimally invasive (MI) surgeries is increasing due to its use for many complex spine and orthopedic disorders, microscopic treatment of complex musculoskeletal conditions, and joint replacement. It is also used for arthroscopic repairs of sports-related injuries and arthroplasty. Research analysis on the orthopedic devices market in Japan identifies that the rising awareness about MI procedures will be one of the major factors that will have a positive impact on the growth of the market. MI spine surgery is also used to treat spinal decompression, spinal fusion, spinal stenosis, and herniated disc. Consequently, the dependence on advanced orthopedic equipment will increase. Technavio’s market research analysts predict that this global market will post a revenue of more than USD 3 billion by 2021.

Physicians are adopting surgical robotic systems to perform the joint replacement, kidney surgery, and other surgeries. This reduces the cost of manpower and results in limited post-surgical complications. Surgical robots provide control and precision to surgeons. The demand for robot-assisted surgery is increasing due to the growing awareness about the potential benefits of robotic surgery and limited availability of surgeons. This in turn, boosts the need for surgical power tools such as orthopedic devices and orthopedic products as these tools are integrated with robots that perform various procedures. As a result, the introduction of robot-assisted surgical procedures is identified as one of the key trends that will stimulate growth in the orthopedic devices market in Japan.

Competitive landscape and key vendors

The orthopedic devices market in Japan is highly dynamic. The market is characterized by the presence of large, medium, and small vendors. The rising focus on innovation, design, and the development of advanced products will strengthen the competitive environment of the market. Vendors in this         market are trying to remain competitive by adopting premium pricing.

Key vendors in this market are -

• DePuy Synthes
• Medtronic
• Smith & Nephew
• Stryker
• Zimmer Biomet

Other prominent vendors in the market include Acumed, Arthrex, Arthrosurface, B. Braun Melsungen, Berkeley Advanced Biomaterials, Bioplate, Foot and Ankle Fixation, Integra LifeSciences Corporation, Kelyniam Global, MicroPort Scientific Corporation, NuVasive, Orthofix Holdings, OsteoMed, and OsteoSymbionics.

Segmentation by application and analysis of the orthopedic devices market in Japan

• Spine
• Trauma and extremities
• Knee
• Hip
• Sports injuries
• CMF

The adoption of orthopedic medical devices for the spine is increasing due to the rising prevalence of degenerative disc diseases, spondylolisthesis, intervertebral disc hernias, lumbar spinal stenosis, herniated discs, and lumbar spondylolisthesis. The orthopedic devices market in Japan is expected to grow in this segment during the estimated period due to the introduction of 3D printing technologies and growing popularity of MI surgeries.

Segmentation by end-user and analysis of the orthopedic devices market in Japan

• Hospitals
• Specialty orthopedic centers
• ASCs

The hospitals segment contributed the majority of revenue toward the orthopedic devices market in Japan due to the rising volume of surgical procedures for musculoskeletal diseases, trauma, and orthopedic surgeries, and cardiothoracic. The availability of powered surgical instruments, reamers, cables, laparoscopic instruments, drills, handpieces, saws, and perforators is resulting in an increased influx of patients to the hospitals.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the orthopedic devices market in Japan?
• What are the key market trends impacting the growth of the orthopedic devices market in Japan?
• What are the challenges to market growth?
• Who are the key vendors in the orthopedic devices market in Japan?
• What are the market opportunities and threats faced by the vendors in the orthopedic devices market in Japan?
• What are the trending factors influencing the market shares of Japan?
• What are the key outcomes of the five forces analysis of the orthopedic devices market in Japan?

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