(MoneyNewsWire.Net, February 12, 2018 ) According to the report Orthopedic Devices, published by Market Data Forecast, the Asia Pacific market is projected to reach USD 12.07 billion by 2021, at a CAGR of 5.52% from 2016 to 2021. People who are suffering from chronic wounds, that take considerable amount of time to heal and are costly to treat have presented with a much-needed relief in the shape of Orthopedic Devices. Orthopedic Devices market supplies user-friendly and feasible products to the troubled patients. In order to obtain a biocompatible tool, various parts of musculo-skeletal tissues such as bone, ligament, tendon and cartilage need to be properly comprehended. The materials used in these devices must be adaptable to the body so as to prevent rejection.
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Asia Pacific Orthopedic Devices: Drivers & Restraints Orthopedic Devices market in this region is driven by factors such as rising prevalence of orthopedic conditions, continuous novel innovations in the implants technology, growing number of road accidents, and rising awareness of minimally invasive procedures. However, the market is constrained by factors such as recurrent product recalls, costly procedures & equipment, and stringent regulatory approval procedures.
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Asia Pacific Orthopedic Devices: Segmentation By Anatomical location • Introduction • Knee • Shoulder • Foot and Ankle • Hip • Spine • Elbow • Craniomaxillofacial • Others By Type of Consumables • Orthopedic staples • Orthopedic suture anchors o Resorbable suture anchors o Metallic suture anchors By Geography • Asia-Pacific o China o India o Japan o Australia o South Korea
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Asia Pacific Orthopedic Devices: Overview Factors like rising prevalence of orthopedic conditions and continuous novel innovations are affecting the growth of this market positively. However, other factors such as costly procedures & equipment and stringent regulatory approval procedures are restraining the growth of this market. Orthopedic sutures has the largest market in orthopedic devices, with share as much as 75 percent. By region, China has the largest market for orthopedic devices.
Asia Pacific Orthopedic Devices: Key Players Some of the major companies dominating Asia Pacific Orthopedic Devices Market are Zimmer Inc., Smith & Nephew, Medtronic, Stryker, DePuy, Synthes, and Biomet among others.
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