SOURCE: iData Research

iData Research

July 28, 2016 12:29 ET

Zimmer Biomet, Stryker Lead Billion Dollar Asia-Pacific Hip and Knee Implant Market Due to Increase in Viable Patient Population

The Japan, Australia and South Korea Orthopedic Large Joint Device Market Reached the $2 Billion Mark in 2015 and Will Continue to Grow Through 2022; Knee Replacements Were the Fastest Growing Segment Within the Region

VANCOUVER, BC--(Marketwired - July 28, 2016) - According to a new series of reports on the Asia-Pacific orthopedic large joint replacement device market by iData Research (www.idataresearch.com), knee replacement is the fastest growing market in the region as all of the involved countries have aging populations and high osteoarthritis hip and knee incidence rates. As a result, cementless mobile knees are becoming more popular than cemented and fixed knee implant variations.

Australia, Japan and South Korea are trending towards the use of cementless devices, which will negatively impact the bone cement market. All of the markets in the region are also under pricing pressure due to pricing competition and unfavorable reimbursement rates. This will continue to prevent growing unit sales from contributing to market growth.

"The fastest growing market by country is Japan due their significant number of elderly patients," explains Dr. Kamran Zamanian, CEO of iData. "While total population is slow to grow in Japan, the roughly 60+ demographic, which represents the age category most at risk of osteoarthritis, is rising quickly."

In addition, more young patients are undergoing knee replacements due to active and strenuous lifestyles. Therefore, the pool of available knee implant patients is growing due to an increase in patient age range. Furthermore, when an implant is placed in a younger patient, there is a greater chance that it will need to be revised in the future. This adds to the value of the overall market through the increase of revision surgeries, which use more expensive implant components than primary surgery.

Zimmer Biomet leads the Asia-Pacific large joint replacement device market. They are present in Australia and South Korea, but their largest market is situated in Japan. Zimmer Biomet has a majority share in the knee replacement market in the region. Their products include the Persona® and NexGen® PLS Flex and Mobile total knees, Unicompartmental High-Flex Partial Knee System as well as various components and a NexGen® revision system.

Stryker is the second leading competitor in the region with their largest share in the Australian market. Stryker has a majority in the hip replacement market with their Exeter® and Triathlon® line of products. DePuy Synthes is the third leading competitor in the orthopedic joint replacement device market. They own a majority share within the Australian hip replacement market. DePuy Synthes' leading hip product is the CORAIL® and their popular knee products are ATTUNE®, LCS®, LPS™ and P.F.C. ® Sigma. These products often use DePuy Synthes' CMW® bone cement. Additional competitors in the Asia-Pacific orthopedic large joint replacement device market include Kyocera Medical, Smith & Nephew, B. Braun, MicroPort, Corin and Teijin Nakashima Medical among others.

For Further Information

More on the orthopedic large joint replacement device market in the Asia-Pacific region can be found in a series of reports published by iData Research entitled the Asia-Pacific Market Report Suite for Orthopedic Large Joint Replacement Devices which includes Japan, South Korea and Australia. The suite covers reports on the following markets: Knee Replacement Device Market, Hip Replacement Device Market and the Bone Cement Market.

The iData report series on orthopedic large joint replacement devices covers the U.S., India, China, Japan, South Korea, Australia and 15 countries in Europe including Austria, Belgium, Denmark, Finland, France, Germany, Italy, Luxembourg, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, and the United Kingdom. Reports provide a comprehensive analysis including units sold, procedure numbers, market value, forecasts, as well as detailed competitive market shares and analysis of major players' success strategies in each market and segment. To find out more about orthopedic large joint replacement device market data or procedure data, register online or email us at info@idataresearch.net for an Asia-Pacific Market Report Suite for Orthopedic Large Joint Replacement Devices brochure and synopsis.

About iData Research

iData Research (www.idataresearch.com) is an international market research and consulting group focused on providing market intelligence for medical device and pharmaceutical companies. iData covers research in: Operating Room Equipment, Surgical Microscopes, Robotics and Surgical Navigation, Laparoscopy, Urology, Gynecology, Vascular Access, Endoscopy, Interventional Cardiology, Cardiac Surgery, Cardiac Rhythm Management, Electrophysiology, Ultrasound, X-Ray Imaging, Diagnostic Imaging, Oncology, Spinal Implants and VCF, Spinal MIS, Orthopedic Soft Tissue Repair and Regeneration, Orthopedic Trauma, Large & Small Joints, Anesthesiology, Wound Management, Orthopedics, Ophthalmics, Dental Operatory Equipment and more.

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