Asia Pacific Metal Trauma Implant Market See Incredible Growth 2021-2028 | DePuy Synthes Companies (Johnson & Johnson Services, Inc.), Zimmer Biomet, Conformis

Metal trauma implants are medical devices which are used for temporarily or permanently restoration of the physiological functioning of skeletal structures and joints. The surgeons picks the implant by assessing several parameters such as size, weight, and type of material most appropriate to the patients. Based on the surgery there are several trauma implant products such as plates, screws, pins, and rods for fixation of the fractured bones. In addition, for ensuring the availability of implants, governments in Asia Pacific region are reducing the prices of implants. For instance, on July 31, 2019, the State Council of the People's Republic of China, announced a comprehensive and systematic approach to reduce the prices of medical devices and consumables.

Request Here PDF Brochure @ https://www.coherentmarketinsights.com/insight/request-pdf/4638

The Asia Pacific metal trauma implant market is estimated to be valued at US$ 4,935.2 million in 2021 and is expected to exhibit a CAGR of 9.2% during the forecast period (2021-2028).

Increasing technological advancements in orthopedic implants is expected to drive the market growth during the forecast period.

The rising demand for orthopedic procedures and increasing patient satisfaction has encouraged market players and researchers to develop implants with advanced technologies such as 3-D printing of implants or robotic surgery platforms. Orthopedic surgeons are widely using 3-D printing platforms, in order to develop orthopedic implants. Manufacturers in China are embracing metal additive manufacturing for large scale manufacturing of medical implants. For instance, AK Medical, a Beijing-based surgical and medical instrument manufacturing company, manufactures 3-D printed metal vertebrae.

Key players operating in the Asia Pacific metal trauma implant market are focusing on adoption of inorganic growth strategies such as acquisitions, which is expected to drive the market growth during the forecast period.

The increasing adoption of inorganic growth strategies such as acquisition by key players to expand their product portfolio is expected to drive the growth of Asia pacific metal trauma implant market. For instance, in November 2020, Stryker Corporation, a multinational medical technology company, announced the acquisition of Wright Medical Group N.V., a global medical device company focused on extremities and biologics.

Asia Pacific Metal Trauma Implant Market – Impact of Coronavirus (COVID-19) Pandemic

The COVID-19 pandemic and lockdown in various countries across the globe have impacted the financial status of businesses across all sectors. The private healthcare sector is one such sectors, which has been majorly impacted by the pandemic.

Request for a Sample Report at – https://www.coherentmarketinsights.com/insight/request-sample/4638

The pandemic has negatively impacted the growth of Asia Pacific metal trauma implant market, this is due to limited number of orthopedic patients visiting hospitals owing to restricted movement due to lockdown. In addition, the fall in cases of traumatic fractures during the pandemic is further hampering the market growth. For instance, based on a study conducted in the Yogyakarta Special Region (Daerah Istimewa Yogyakarta/DIY), Indonesia to evaluate the epidemiology of traumatic fractures in March-May 2020. It was reported that during the COVID-19 emergency response period in DIY, there was almost 47.68% drop in patients with fractures, an increase in patients injured at home, a decrease in patients referred to another hospital, and an increase in surgically treated closed fractures.

Asia Pacific Metal Trauma Implant Market: Restraint

Implants made of metals have several disadvantages due to which healthcare professionals as well as patients are preferring implants made of others materials such as ceramics and other biomaterials. The disadvantages of metal implants include high elastic modulus that causes stress shielding and toxic effects by ions released from metallic implants. Hence, such disadvantages of metal implants are expected to hinder growth of the Asia Pacific metal trauma implant market over the forecast period.

Major Players Are Operating In This Market Are: DePuy Synthes Companies (Johnson & Johnson Services, Inc.), Zimmer Biomet, Conformis, Smith & Nephew Plc., Stryker Corporation, UMA Surgicals, Acumed LLC, Orthofix Medical Inc., Siora Surgical Pvt. Ltd., Japan MDM, Inc., KYOCERA Corporation, Meril Life Sciences Pvt. Ltd., Teijin Nakashima Medical Co., Ltd., Auxein Medical Pvt. Ltd., Narang Medical Ltd., Baumer S.A., Waston Medical Co., Ltd., Precision Spine Inc., Biomed Healthtech (P) Ltd, and Matrix Meditec Pvt. Ltd.

Contact Us

Mr. Shah
Coherent Market Insights
1001 4th Ave, #3200
Seattle, WA 98154
Phone: US +12067016702 / UK +4402081334027
Email: sales@coherentmarketinsights.com

About Coherent Market Insights

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

This release was published on openPR.