China is expected to emerge as the worlds largest orthopedic medical devices market within a decade. Chinese orthopedic implants market is segmented into four distinct categories – Trauma implants, Spine implants, Joint implants and other implants. Trauma implants is the largest segment, followed by spine implants, joint implants and other implants.
The report ?Global Orthopaedic Implant Market-Focus on China Market Outlook 2022? provides an in-depth analysis of global as well as Chinese orthopaedic implant market focusing on major segments such as trauma, spine and joint implant. Market outlook for overall orthopaedic implant market as well as aforementioned sub-segments has been provided for the period 2017-22.
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The report provides comprehensive coverage on major industry drivers, restraints, and their impact on market growth during the forecast period. Furthermore, the study encompasses various market specific growth opportunities in global hearing healthcare (hearing aid, hearing implant and hearing diagnostic instruments) market. The report has been segmented as following:-
Market Segmentation
? Orthopedic Implant
? Trauma Implant
? Spine Implant
? Joint Implant
? Other Implant
Geographical Coverage
? Global
? China
Key Vendors – Global
? Zimmer Biomet Holdings
? Stryker Corporation
? Smith & Nephew
? DePuy Synthes
Key Vendors -Chinese
? Shandong Weigao Orthopedic Device Company
? Beijing Chunlizhengda Medical Instruments Co., Ltd.
? PW MedTech
China is one of the world?s fastest growing economies and second largest medical device market. The nation is expected to emerge as the world?s largest orthopedic medical devices market within a decade. Chinese orthopedic implants market is segmented into four distinct categories – Trauma implants, Spine implants, Joint implants and other implants. Trauma implants is the largest segment, followed by spine implants, joint implants and other implants. Spine and joint segment has relatively low market penetration in China in comparison to developed countries such as the United States which reflects untapped market potential in the segment. Domestic medical device companies in the nation are concentrated in low-end market segment such as consumables while orthopedic implants market is majorly dominated by multinational companies in the nation.
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Growth of orthopedic implant market in China is driven by rapidly ageing population in the nation, increasing healthcare expenditure, rising incidences of motor vehicle accidents, favorable healthcare reforms and adoption of minimally invasive surgeries. However, various restraints to growth of orthopedic implants market in China includes high entry barrier, stringent regulatory measures, complex reimbursement systems and lack of skilled personnel.
The report Global Orthopedic Implants Market – Focus on China Market (Trauma, Joint and Spine) Outlook 2022? provides information on the current scenario, detailed market outlook of the global as well as Chinese orthopedic implant market. It further provides detailed analysis of various sub-segments such as Trauma, Joint, Spine and Other implants. Future forecasts of Chinese orthopedic implants market overall and across various sub-segments till 2022 is provided in the report. Furthermore, major industry players, both international and domestic, have been prudently analyzed in the competitive landscape section of the report in order to provide key comparative insights.
Major international industry players operating in the Chinese orthopaedic implant market include Zimmer Biomet Holdings, Stryker Corporation, Smith & Nephew, DePuy Synthes, among others. Prominent domestic industry players include Shandong Weigao Orthopedic Device Company, Beijing Chunlizhengda Medical Instruments Co., Ltd. and PW MedTech. These players are profiled herein based on attributes such as business overview, product segments and financial analysis.
It also compiles performance comparison of aforementioned companies and other leading companies in the segment based on various parameters in the competitive landscape section. In totality, the report provides detailed market analysis, with relevant forecasted data supported by key market dynamics. This information will be helpful in evaluating opportunities in global as well as Chinese orthopaedic implants market.
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