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Asia Pacific Autotransfusion Devices Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Type, Application, and End User and Country

Asia Pacific Autotransfusion Devices Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Type, Application, and End User and Country

  • November 2020
  • 136 pages
  • ID: 5999637
  • Format: PDF
  • The Insight Partners
Up to $1000 off Until Mar 10th 2021

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The Asia Pacific artificial joints market was valued at US$ 3,939.11 million in 2019 and is projected to reach US$ 6,372.53 million by 2027; it is expected to grow at a CAGR of 6.3% from 2020-2027. The growth of the market in Asia Pacific is driven by the increasing prevalence of bone and joint disorders, and obesity; and rising government support through guidelines for regenerative medicines. However, high cost of procedures and complications associated with the artificial joint replacement surgery hinder the growth of the market.
Artificial joints are used in orthopedic surgeries in which an arthritic or dysfunctional joint surface is surgically replaced.Increasing geriatric population and sedentary lifestyle are resulting in the growing incidence of bone and joint diseases across the world.

According to the estimates published in an NBI study in October 2019, 10.9 million men and 49.3 million women in China have osteoporosis. The increasing prevalence of medical conditions leading to bone and joint damage drives the demand for bone replacement procedures. Further, the rising cases of sports injuries among athletes would bolster the growth of the market in the coming years.
Healthcare systems in Asia Pacific are overburdened due to the need to manage the COVID-19 outbreak.Also, the system in this region is struggling to deliver medical care for all patients due to limited resource availability, which has led many medical companies to channelize their focus on the treatment and cure of this disease.

The complete shutdown of artificial joint manufacturers is disrupting the region’s supply chain activities.
Based on product, the Asia Pacific artificial joints market is bifurcated into cemented joints and non-cemented joints. The cemented joints segment held a larger share of the market in 2019, and it is expected to register a higher CAGR during the forecast period.
Based on material, the Asia Pacific artificial joints market is segmented into ceramics, alloys, oxinium, and others.The ceramic segment held the largest share of the market in 2019.

However, the alloys segment is anticipated to register the highest CAGR in the market during the forecast period.
Based on application, the Asia Pacific artificial joints market is segmented into artificial joints of knee, artificial joints of hip, artificial joints of shoulder, and others. The artificial joints of knee segment held the largest share of the market in 2019, and the market for the same is expected to grow at the highest CAGR during the forecast period.
Based on end user, the Asia Pacific artificial joints market is segmented into hospitals, ambulatory care centers, and other end users. The hospital segment held the largest share of the market in 2019, and it is anticipated to register the highest CAGR in the market during the forecast period.
A few of the primary and secondary sources associated with the report on the Asia Pacific artificial joints market are International Osteoporosis Foundation (IOF); International Society of Arthroplasty, Knee Surgery and Orthopedic Sports Medicine (ISAKOS); World Health Organization (WHO); National Natural Science Foundation of China (NSFC); and Association of Indian Medical Device Industry (AIMED).

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