Key Market Indicators
The number of hip replacement procedures in Korea is predicted to reach 40,050 by 2026, a 2.8% annual average increase from 33,480 in 2021. Since 2009, the annual growth rate has been 3.7%. With 33,480 procedures, Korea ranked 10th in 2021, with Belgium in the lead. France, the UK, and Italy were respectively ranked second, third, and fourth.
South Korea Orthopedics Market Data and Forecasts
How much will South Korea Orthopedics Market grow to 2026?
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Orthopedics Industry: Navigating Challenges and Harnessing Technological Advancement for Optimum Performance
The global orthopedics industry, like many industries in the healthcare sector, faces its own unique set of obstacles. A critical challenge is the increasing regulatory scrutiny which is causing significant delays in the introduction of legislative procedures and prototype releases. Another major challenge is the recruitment and retention of skilled...
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Orthopedic Growth Factors: Diversifying Trends in the Global Market Landscape
As population ages and sports injuries proliferate, demand for quicker, more efficient healing processes has accelerated. Expediting surgical recovery and mitigating arthritic pain are imperatives that orthopedic biologics—specifically, growth factors—have shown promise in fulfilling. Consequently, they are gaining traction in the orthopedics market, along with other related sectors such as...
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Joint Replacement Devices: A Comprehensive Analysis of Knee and Hip Markets
Primarily, the markets for knee and hip replacement devices are influenced by factors like the aging population, obesity rates, and the prevalence of diseases such as osteoarthritis that require such procedures. Demographic trends hint towards a burgeoning rise in the number of individuals requiring these replacement surgeries, suggesting a parallel...
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Audiology Advances: Exploring the Impact and Prospects of Bone-Anchored Hearing Aids
In the realm of audiology, unprecedented technological strides are affording remarkable opportunities. Particularly, in addressing debilitating impairments like conductive and mixed hearing losses, innovation is truly resetting the balance. One development that continues to exert substantial sway is those hearing amplification devices that hitherto leverage the skull, rather than the...
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Orthopedic Biomaterials: Unveiling Global Market Trends and Future Prospects
Global demand for orthopedic biomaterials is being incentivized by several factors. Aging populations worldwide necessitate a higher demand for orthopedic procedures, therefore driving an increased need for these biomaterials. Moreover, advancements in the areas of biotechnology and material sciences are leading to the creation of more efficient and adaptable biomaterials,...
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