Southeast Asia Artificial Joints and Artificial cartilage and artificial Joints Market - PDF document

South East Asia artificial cartilage and artificial joints market is growing at a potential growth rate Year - over - Year (YoY) and has reached USD 7.3 billion in 201 9 Southeast Asia Artificial Joints and Artificial cartilage and artificial Joints Market size - Industry Trends & Forecast Report 202 6 Summary South East Asia Artificial Joints And Artificial cartilage Market, By Product(Cemented Joints, Non - Cemented Joints); By Application(Artificial Joints of Knee, Artificial joints of Hip, Artificial j oints of the shoulder); By Technology ( 3D printing, Others), By Country (Indonesia, Malaysia, Philippines, Singapore, Thailand, Vietnam, Rest of SEA ); Trend Analysis, Competitive Market Share & Forecast, 2020 - 2027. Southeast Asia Artificial Joints and Ar tificial cartilage and artificial Joints Market size - Industry Trends & Forecast Report 2026 . The South East Asia artificial cartilage and artificial joints market is growing at a potential growth rate Year - over - Year (YoY) and has reached USD 7.3 billion in 2019. The market is further expected to touch USD 15.0 billion by 2026, growing at a CAGR of 11.8% during 2020 - 2026 (forecast period). The artificial cartilage and Artificial Joints market is likely to grow in the forecast timeframe due to the rising u sage of artificial cartilage and artificial Joints implants to repair degenerative cartilages. Additionally, they are useful in delaying total and partial joint replacement surgeries in elderly patients. Southeast Asia a rtificial cartilage and artificial Joints Market Overview: View report Press release Sample report South East Asia artificial cartilage and artificial joints market is growing at a potential growth rate Year - over - Year (YoY) and has reached USD 7.3 billion in 201 9 Cartilage is defined as the semi - rigid specialized connective tissue which performs a various range of functions in the human body. It provides support, also bears weight, tension, torsion, and bending. Cartilage is also known as articular cartilage, elast ic cartilage, and fibrocartilage. Each cartilage type owns a different function. The elastic cartilage among all helps in the maintenance of shape. Additionally, Cartilage also functions as a binder between two bones, permitting smooth motion between adjoi ning bony segments. Furthermore, the cartilages are required for runners and exercisers. Artificial cartilage and artificial Joints Market Forecast and Trends Growth Drivers Increasing incidence of osteoarthritis The rising cases of osteoarthritis are the major driver for the market as in the past years, the cases of osteoarthritis have raised across the globe. According to the studies, it is reported that around 1 million knee and hip replacement procedures were c onducted each year in the region. it is also reported that degenerative joint diseases such as osteoarthritis will likely affect more than 130 million patients worldwide by 2050. The most adapted treatments for osteoarthritis are autologous chondrocyte imp lantation and Scaffold implants. Hence, the osteoarthritis rising cases are expected to drive the demand for cartilage repair and regeneration products. Adoption of the technological advancements Advanced adoption of the country's technical advances in the healthcare industry is acting as the major driver for the market. The bone defects which are caused by trauma, tumor resection, infection, and other congenital deformities, can be treats with artificial cartilage and artificial Joints is the Novel stra tegies have been utilizing such as cell sheet technology to enhance bone and cartilage regeneration. These are been developed over the past years and have shown great clinical potential in regenerative medicine due to their effective preservation of cell - c ell connections and extracellular matrix and their scaffold - free nature. Additionally, recent advances in utilizing cell sheet technology are launched to regenerate bone and cartilage defects and bone – cartilage complex defects. Restraint High cost of c artilage repair surgeries Being the most useful repair surgeries and better and long - lasting results, these artificial cartilages have some demerits. The high cost associated with these therapies is one of the major factors limiting their adoption among p atients. For instance, the average cost for knee replacement procedures is likely to be known around USD 16,000, while the average cost of cartilage repair procedures could be around USD 18,000 – USD 23,000 the procedure. These huge investment costs underrat e the results of cartilage repair therapies, and in turn, may result in a fewer preference for these procedures. Impact of COVID - 19 in industry South East Asia artificial cartilage and artificial joints market is growing at a potential growth rate Year - over - Year (YoY) and has reached USD 7.3 billion in 201 9 Southeast Asia's economy and humanity have been pushed into a crisis due to the COVID - 19 pandemic. Due to th e high infection rate and adverse impact on public health systems, various governments have enforced nationwide lockdowns significantly impacting manufacturing supply chains, trade, and related services. Players are currently considering digital solutions that would enable them to serve the community and provide new opportunities to do business. The production, manufacturing, supply chain, and other operations, have slowed down south East Asia artificial cartilage and artificial Joints aimed to limit the sp read of corona virus, The South East Asia impact of the coronavirus disease 2019 (COVID - 19) is likely only beginning and would significantly affect the artificial cartilage and artificial Joints market in 2020. The outbreak of COVID - 19 has brought with it travel bans and quarantines; massive slowing of the supply chain; uncertainty in the stock market; falling business confidence, and growing panic among the population. Despite the growing uncertainty and panic, technology suppliers must continue to focus o n their long - term investments, maintain engagement with partners and prospects, and look to specific markets for stability. Artificial cartilage and artificial Joints Market: By Product Based on the product, the market is segmented into Cemented Joints, Non - Cemented Joints. The rising geriatric population and obese individuals are leading to musculoskeletal disorders, hypertension, and other lifestyle diseases. Osteoarthritis is the most prevalent musculoskeletal disease affecting the geriatric population , causing a rise in demand for artificial joints. Moreover, the artificial joints with integrated circuits and other R&D initiatives relevant to the artificial joints accessing brain neuron impulses are expected to further drive the growth of the market. H owever, factors such as the high cost of artificial joints and product recalls are expected to hamper the growth of the market. Artificial cartilage and artificial Joints Market: Regional Insight South East Asia region is likely to dominate in the artificial cartilage and artificial Joints market as developing countries like China and India have major contributing largely to the market. The opportunities for industrial production of artificial cart ilage and artificial Joints equipment, retail sales, and fixed - asset investment for artificial cartilages are driving the market. Several other economies such as Indonesia, the Philippines, and Singapore in the region are also forecast to grow at modest ra tes. The company's productivity is directly proportional to the productivity of workers. Hence, businesses in these regions are commonly embracing different instruments to help workers increase their productivity. Recent Development · In 2019, Smith & Nephew had acquired one company namely Osiris Therapeutics, Inc. This acquisition helped in developing the company’s customer base and enhanced the advanced artificial cartilage and artificial Joints segment of Smith & Nephew. This acquisi tion would be further likely to benefit the company in terms of high revenue generation. · In 2019, MEDIPOST had expanded the GMP manufacturing facility to accelerate CARTISTEM production. This is used in the artificial cartilage and South East Asia artificial cartilage and artificial joints market is growing at a potential growth rate Year - over - Year (YoY) and has reached USD 7.3 billion in 201 9 artificial Joint s treatment and hence would help the company in diversifying their services. Competitive landscape The artificial cartilage and Artificial Joints market is fragmented owing to the presence of several companies that provides varied artificial cartilage and artificial Joints products. However, the companies that hold the majority share of the artificial cartilage and artificial Joints market are, Syntellix A.G., Conformis, Osteopore International Pte Ltd, SmartBones,BioSpace.com. , EUREKA Clusters Artific ial Intelligence Call – Enterprise, Auxein, B. Braun, Sandvik Coromant and others, and other prominent players. In the artificial cartilage and artificial Joints market, prominent market participants compete based on price and product quality. Small and m edium - sized market players are expected to show considerable improvements in the foreseeable future, given the moderate level of capital expenditure needed to set up a business. The large - sized companies, however, are likely to aim for south East Asia expa nsion, in a bid to gain a more considerable brand reputation. Scope of the Report Attribute Details Years Considered Historical data – 2016 - 2019 Base Year – 2020 Forecast – 2021 – 2027 Facts Covered Revenue in USD Million Market Coverage U.S, Canada, Germany, UK, France, Italy, Spain, Russia, Brazil, Japan, South Korea, China, UAE, South Africa, UAE, Turkey Product/Service Segment ation By material, By Product, By application, By technology and By Country Key Players Syntellix A.G., Confo rmis, Osteopore International Pte Ltd ,SmartBones ,BioSpace.com. , EUREKA Clusters Artificial Intelligence Call – Enterprise ,Auxein ,B. Braun ,. Sandvik Coromant and others Scope of the Report South East Asia artificial cartilage and artificial joints market is growing at a potential growth rate Year - over - Year (YoY) and has reached USD 7.3 billion in 201 9 By Material Ø Cobalt - Chromium Alloys Ø Titanium and Titanium Cobalt Ø Polyethylene Ø Ceramics Ø Oxinium Ø Others By End User Ø Hospitals Ø Prosthetics Clinics Ø Rehabilitation Centre Ø Ambulatory Care Centers Ø Orthopedic Clinics Ø Others BY Application Ø Artificial Joints of Knee Ø Artificial Joints of Hip Ø Artificial Joints of Shoulder Ø Others By Technology Ø 3D Printing Ø Others By Product Ø Cemented Joints Ø Non - Cemented Joints South East Asia artificial cartilage and artificial joints market is growing at a potential growth rate Year - over - Year (YoY) and has reached USD 7.3 billion in 201 9 About us Blueweave Consulting offers a one - stop solution for your market intelligence needs for any service or product. You get well - researched comprehensive reports based on qualitative and quantitative data to put your business plan into action. Your well informed and tim ely decisions using our reports avert situations of excessive risks and help you grow your business with optimum risk - return trade - off. Delivering quality insights into several product or service markets within the timeline as per the needs of the clients has earned BWC an excellent reputation among clients. BWC strives to provide timely and accurate digital market intelligence services for making your business endeavours successful. For more information, kindly visit our Website www.blueweaveconsulting.com contact us at info@blueweaveconsulting.com South East Asia artificial cartilage and artificial joints market is growing at a potential growth rate Year - over - Year (YoY) and has reached USD 7.3 billion in 201 9