PUBLISHER: Grand View Research | PRODUCT CODE: 1571562
PUBLISHER: Grand View Research | PRODUCT CODE: 1571562
China Orthopedic Devices Market Size, Share, & Trends Analysis Report By Product (Joint Replacement/ Orthopedic Implants, Trauma, Orthobiologics), By End Use (Hospitals, Outpatient Facilities), And Segment Forecasts, 2024 - 2030
China Orthopedic Devices Market Growth & Trends:
The China orthopedic devices market size is expected to reach USD 4.58 billion by 2030, registering a CAGR of 6.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. Technologies used in orthopedic surgeries are improving continuously. New & improved versions of existing technologies have been developed to improve surgical outcomes and achieve longevity. Tools, parts, and instruments used in surgeries, such as fixation screws, are continuously advancing.
Various titanium-based biocompatible or biomaterial-based screws & fixation systems have offered better results with lesser chances of rejection over a longer period than previously used metal screws. Novel technologies, such as tissue grafting and the use of scaffolds & other tissue matrices for the regeneration of native tissue, are being successfully used to impart improved mobility & flexibility to repaired limbs. Growth factor-infused matrices are being used for better & faster healing of tissue surrounding the injury. Such increasing technological advancement in orthopedic devices are driving market growth.
Signs of aging such as weakening of bones due to excessive loss of bone mass, which is common between 25 and 54 years of age, and decreasing bone density, which becomes more prominent from 55 years & above, are expected to drive market demand. Thus, the aging population is impelling the demand for orthopedic solutions. For instance, in 2019, nearly 0.9 million artificial joint replacement surgeries were carried out in China as reported by a study from the Chinese Medical Association, indicating a rising trend in these cases.
Furthermore, another driving force for the China orthopedic devices market is increasing participation in sports & related events and the accompanying injuries. The information published in the Kung Fu Data in 2023 indicated a significant increase in outdoor sports involvement in China, with more than 400 million people participating in different outdoor activities by the conclusion of 2021. There has been a notable rise in the outdoor participation rate, surpassing the 28% mark, over the last two years alone. Additionally , the report on the China Outdoor Sports Industry Development Report, 2022-2023, showed that there was a 79% increase in orders for outdoor sports in the first half of 2023 when compared to the same period in 2022. Furthermore, there was a 221% surge in comparison to 2019. This, in turn, is expected to increase their chances of incurring injuries, thereby fostering market growth.
The major players operating in the market are adopting strategies such as collaborations, supply agreements, and partnerships with a major focus on enhancing the product formation and reach. Additionally, the players are securing funding from government and non-government bodies to develop advanced products. For instance , in September 2020, Smith+Nephew launched REDAPT System in the Chinese market for revision hip arthroplasty, including achievement of joint stability, surgical efficiency, fixation of various bone types, and predictable stem position. The company secured approval from China's National Medical Products Administration to launch the product.
Additionally, increasing prevalence of orthopedic conditions, advancements in implant materials and designs, and a growing demand for improved quality of life through surgical interventions are accelerating market growth. Furthermore, continuous research and development in the orthopedic devices market aim to improve lower extremity implants' longevity, functionality, and biocompatibility. This includes incorporating innovative materials, such as advanced ceramics and highly durable metals, and developing minimally invasive surgical techniques to enhance patient outcomes and reduce recovery times.
China Orthopedic Devices Market Report Highlights:
- Based on product, the joint replacement/ orthopedic implants segment held the largest revenue share in the market in 2023 owing to the growing prevalence of reduced bone density weakened bones, & musculoskeletal disorders, and rising risk of degenerative bone disorders.
- The orthobiologics segment is anticipated to witness significant growth over the forecast period, due to the growing adoption of strategic initiatives by key market players.
- Based on end use, the hospitals segment is anticipated to grow at the fastest growth rate over the forecast period in the market owing to the increasing presence of a large number of hospitals & primary care centers.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.1.1. Segment scope
- 1.1.2. Country scope
- 1.1.3. Estimates and forecast timeline
- 1.2. Research Methodology
- 1.3. Information Procurement
- 1.3.1. Purchased database
- 1.3.2. GVR's internal database
- 1.3.3. Secondary sources
- 1.3.4. Primary research
- 1.3.5. Details of primary research
- 1.4. Information or Data Analysis
- 1.4.1. Data analysis models
- 1.5. Market Formulation & Validation
- 1.6. Model Details
- 1.7. Research Assumptions
- 1.8. List of Secondary Sources
- 1.9. List of Primary Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.2.1. Product outlook
- 2.2.2. End-use outlook
- 2.2.3. Country outlook
- 2.3. Competitive Insights
Chapter 3. China Orthopedic Devices Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent market outlook
- 3.2. Market Dynamics
- 3.2.1. Market driver analysis
- 3.2.2. Market restraint analysis
- 3.3. China Orthopedic Devices Market: Technology Trend Analysis
- 3.4. China Orthopedic Devices: Market Analysis Tools
- 3.4.1. Industry Analysis - Porter's
- 3.4.2. PEST Analysis
- 3.5. Regulatory Framework
Chapter 4. China Orthopedic Devices Market Segment Analysis, By Product, 2018-2030 (USD Million)
- 4.1. Definition and Scope
- 4.2. Product Market Share Analysis, 2023 & 2030
- 4.3. Segment Dashboard
- 4.4. China Orthopedic Devices Market, by Product, 2018 to 2030
- 4.5. Joint Replacement/ Orthopedic Implants
- 4.5.1. Joint Replacement/ Orthopedic Implants market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.5.2. Lower Extremity Implants
- 4.5.2.1. Lower Extremity Implants market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.5.2.2. Knee Implants
- 4.5.2.2.1. Knee Implants market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.5.2.3. Hip Implants
- 4.5.2.3.1. Hip Implants market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.5.2.4. Foot & Ankle Implants
- 4.5.2.4.1. Foot & Ankle Implants market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.5.3. Spinal Implants
- 4.5.3.1. Spinal Implants market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.5.4. Dental
- 4.5.4.1. Dental market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.5.4.2. Dental Implants
- 4.5.4.2.1. Dental implants market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.5.4.3. Craniomaxillofacial Implants
- 4.5.4.3.1. Craniomaxillofacial Implants market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.5.5. Upper Extremity Implants
- 4.5.5.1. Upper Extremity Implants market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.5.5.2. Elbow Implants
- 4.5.5.2.1. Elbow Implants market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.5.5.3. Hand & Wrist Implants
- 4.5.5.3.1. Hand & Wrist Implants market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.5.5.4. Shoulder Implants
- 4.5.5.4.1. Shoulder Implants market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.6. Trauma
- 4.6.1. Trauma market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.6.2. Implants
- 4.6.2.1. Implants market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.6.3. Accessories
- 4.6.3.1. Accessories market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.6.4. Instruments
- 4.6.4.1. Instruments market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.7. Sports Medicine
- 4.7.1. Sports Medicine market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.7.2. Body Reconstruction & Repair
- 4.7.2.1. Body Reconstruction & Repair market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.7.3. Accessories
- 4.7.3.1. Accessories market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.7.4. Body Monitoring & Evaluation
- 4.7.4.1. Body Monitoring & Evaluation market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.7.5. Body Support & Recovery
- 4.7.5.1. Body Support & Recovery market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.8. Orthobiologics
- 4.8.1. Orthobiologics market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.8.2. Viscosupplementation
- 4.8.2.1. Viscosupplementation market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.8.3. Demineralized Bone Matrix
- 4.8.3.1. Demineralized Bone Matrix market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.8.4. Synthetic Bone Substitutes
- 4.8.4.1. Synthetic Bone Substitutes market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.8.5. Bone Morphogenetic Protein (BMP)
- 4.8.5.1. Bone Morphogenetic Protein (BMP) market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.8.6. Stem Cell Therapy
- 4.8.6.1. Stem Cell Therapy market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.8.7. Allograft
- 4.8.7.1. Allograft market estimates and forecasts, 2018 to 2030 (USD Million)
Chapter 5. China Orthopedic Devices Market Segment Analysis, By End-use, 2018-2030 (USD Million)
- 5.1. Definition and Scope
- 5.2. End-use Market Share Analysis, 2023 & 2030
- 5.3. Segment Dashboard
- 5.4. China Orthopedic devices Market, by end-use, 2018 to 2030
- 5.5. Hospitals
- 5.5.1. Hospitals market estimates and forecasts, 2018 to 2030 (USD million)
- 5.6. Outpatient facilities
- 5.6.1. Outpatient facilities market estimates and forecasts, 2018 to 2030 (USD Million)
Chapter 6. Competitive Landscape
- 6.1. Recent Developments & Impact Analysis, By Key Market Participants
- 6.2. Company Categorization
- 6.3. Company Profiles
- 6.3.1. Medtronic
- 6.3.1.1. Company overview
- 6.3.1.2. Financial performance
- 6.3.1.3. Product benchmarking
- 6.3.1.4. Strategic initiatives
- 6.3.2. Stryker
- 6.3.2.1. Company overview
- 6.3.2.2. Financial performance
- 6.3.2.3. Product benchmarking
- 6.3.2.4. Strategic initiatives
- 6.3.3. Zimmer Biomet
- 6.3.3.1. Company overview
- 6.3.3.2. Financial performance
- 6.3.3.3. Product benchmarking
- 6.3.3.4. Strategic initiatives
- 6.3.4. Smith+Nephew
- 6.3.4.1. Company overview
- 6.3.4.2. Financial performance
- 6.3.4.3. Product benchmarking
- 6.3.4.4. Strategic initiatives
- 6.3.5. Aesculap, Inc. - a B. Braun company
- 6.3.5.1. Company overview
- 6.3.5.2. Financial performance
- 6.3.5.3. Product benchmarking
- 6.3.5.4. Strategic initiatives
- 6.3.6. CONMED Corporation
- 6.3.6.1. Company overview
- 6.3.6.2. Financial performance
- 6.3.6.3. Product benchmarking
- 6.3.6.4. Strategic initiatives
- 6.3.7. DePuy Synthes (Johnson & Johnson)
- 6.3.7.1. Company overview
- 6.3.7.2. Financial performance
- 6.3.7.3. Product benchmarking
- 6.3.7.4. Strategic initiatives
- 6.3.8. Enovis (formerly known as DJO)
- 6.3.8.1. Company overview
- 6.3.8.2. Financial performance
- 6.3.8.3. Product benchmarking
- 6.3.8.4. Strategic initiatives
- 6.3.9. Wright Medical Group N.V.
- 6.3.9.1. Company overview
- 6.3.9.2. Financial performance
- 6.3.9.3. Product benchmarking
- 6.3.9.4. Strategic initiatives
- 6.3.10. Orthofix Medical Inc.
- 6.3.10.1. Company overview
- 6.3.10.2. Financial performance
- 6.3.10.3. Product benchmarking
- 6.3.10.4. Strategic initiatives
- 6.3.1. Medtronic
List of Tables
- Table 1 List of Secondary Sources
- Table 2 List of Abbreviations
- Table 3 China orthopedic devices market, by product, 2018 - 2030 (USD Million)
- Table 4 China orthopedic devices market, by end use, 2018 - 2030 (USD Million)
List of Figures
- Fig. 1 Market research process
- Fig. 2 Data triangulation techniques
- Fig. 3 Primary research pattern
- Fig. 4 Market research approaches
- Fig. 5 Value-chain-based sizing & forecasting
- Fig. 6 QFD modeling for market share assessment
- Fig. 7 Market formulation & validation
- Fig. 8 China orthopedic devices market: outlook
- Fig. 9 China orthopedic devices competitive insights
- Fig. 10 Parent market outlook
- Fig. 11 China orthopedic devices market driver impact
- Fig. 12 China orthopedic devices market restraint impact
- Fig. 13 Porter's Analysis
- Fig. 14 PEST Analysis
- Fig. 15 China orthopedic devices market: Product movement analysis
- Fig. 16 China orthopedic devices market: Product outlook and key takeaways
- Fig. 17 Joint Replacement/ Orthopedic Implants market estimates and forecast, 2018 - 2030
- Fig. 18 Lower Extremity Implants market estimates and forecast, 2018 - 2030
- Fig. 19 Knee Implants market estimates and forecast, 2018 - 2030
- Fig. 20 Hip Implants market estimates and forecast, 2018 - 2030
- Fig. 21 Foot & Ankle Implants market estimates and forecast, 2018 - 2030
- Fig. 22 Spinal Implants market estimates and forecast, 2018 - 2030
- Fig. 23 Dental market estimates and forecast, 2018 - 2030
- Fig. 24 Dental Implants market estimates and forecast, 2018 - 2030
- Fig. 25 Craniomaxillofacial Implants market estimates and forecast, 2018 - 2030
- Fig. 26 Upper Extremity Implants market estimates and forecast, 2018 - 2030
- Fig. 27 Elbow Implants market estimates and forecast, 2018 - 2030
- Fig. 28 Hand & Wrist Implants market estimates and forecast, 2018 - 2030
- Fig. 29 Shoulder Implants market estimates and forecast, 2018 - 2030.
- Fig. 30 Trauma market estimates and forecast, 2018 - 2030
- Fig. 31 Implants market estimates and forecast, 2018 - 2030
- Fig. 32 Accessories market estimates and forecast, 2018 - 2030
- Fig. 33 Instruments market estimates and forecast, 2018 - 2030
- Fig. 34 Sports Medicine market estimates and forecast, 2018 - 2030
- Fig. 35 Body Reconstruction & Repair market estimates and forecast, 2018 - 2030
- Fig. 36 Accessories market estimates and forecast, 2018 - 2030
- Fig. 37 Body Monitoring & Evaluation market estimates and forecast, 2018 - 2030
- Fig. 38 Body Support & Recovery market estimates and forecast, 2018 - 2030
- Fig. 39 Orthobiologics market estimates and forecast, 2018 - 2030
- Fig. 40 Viscosupplementation market estimates and forecast, 2018 - 2030
- Fig. 41 Demineralized Bone Matrix market estimates and forecast, 2018 - 2030
- Fig. 42 Synthetic Bone Substitutes market estimates and forecast, 2018 - 2030
- Fig. 43 Bone Morphogenetic Protein (BMP) market estimates and forecast, 2018 - 2030
- Fig. 44 Stem Cell Therapy market estimates and forecast, 2018 - 2030
- Fig. 45 Allograft market estimates and forecast, 2018 - 2030
- Fig. 46 Orthopedic devices market: End-use movement analysis
- Fig. 47 Orthopedic devices market: End-use outlook and key takeaways
- Fig. 48 Hospitals market estimates and forecasts, 2018 - 2030
- Fig. 49 Outpatient facilities market estimates and forecasts, 2018 - 2030
- Fig. 50 Key company categorization
- Fig. 51 Heat map analysis, 2022 - 2023
