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According to a new series of reports on the Japanese orthopedic small bone and joint market by iData Research (www.idataresearch.com), Japan has one of the oldest populations in the world, which has led to a high prevalence of osteoarthritis, driving the demand for joint replacement devices in the region. The market includes shoulder reconstruction devices, elbow reconstruction devices, hand and wrist devices and foot and ankle devices.
“The Japanese extremity market is a very lucrative area in the orthopedic industry,” explains Dr. Kamran Zamanian, CEO of iData. “This is due to the increasing number of product solutions for indications that had been traditionally underserved in the region, resulting in a large potential market.”
The largest segment of the Japanese small bone and joint orthopedic device market is the hand and wrist devices segment, which represents over 70% of the total market. This segment is expected to exceed $125 million by 2022. The second largest segment in Japan is the shoulder reconstruction market. The use of reverse shoulder implants has caused a major shift in the shoulder reconstruction market. This technology has been well established in the U.S. and it has been gaining steady market share since its approval by the Japanese Ministry of Health, Labour, and Welfare.
Japanese doctors still remain very loyal to products manufactured by Japanese companies. This is due to many reasons such as national pride, easier business relations, stronger domestic sales and marketing teams, as well as the assumption that Japanese companies create products better designed for the average Japanese frame. However, several large international companies have managed to gain strength in the Japanese market due to their reputation for quality, the addition of more joint sizes to product lines, and the foreign average price system.
DePuy Synthes led the overall Japanese small bone and joint market due to their Variable Angle LCP Two-Column Volar distal radius plate sales and GLOBAL® shoulder product line which includes total shoulder, partial shoulder and resurfacing shoulder implants. Due to having few other competitors, DePuy Synthes has seen the most growth in their shoulder reconstruction product line, headlined by their reversed shoulder product, the Delta XTEND®. DePuy Synthes has managed to strengthen their share by expanding their product line in the shoulder reconstruction market.
Acumed holds a leading position in the hand and wrist device market which is based on the strength of their distal radius product, Acu-Loc® Volar Distal Radius System. Stryker, one of the top leading competitors, is present in all small joint markets, providing them with diversity that attributes to their overall market presence. Stryker also has a strong presence in the elbow reconstruction market segment with sales of their Solar® total elbow replacement system and the Solar® Radial Head system. Additional competitors in the Japanese small bone and joint orthopedic device market include HOYA, Technosurgical, Zimmer Biomet, Medartis, Wright Medical, Teijin Nakashima Medical Co., Kyocera and Smith & Nephew among others.
For Further Information
More on the small bone and joint market in Japan can be found in a series of reports published by iData Research entitled the Japan Market Report Suite for Small Bone and Joint Orthopedic Devices. The suite covers reports on the following markets: Shoulder Reconstruction Devices, Elbow Reconstruction Devices, Hand and Wrist Devices and Foot and Ankle Devices.
The iData report series on small bone and joint devices covers the United States, Japan, India, China, Brazil 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 small bone and joint device market data or procedure data, register online or email us at [email protected] for a Japan Market Report Suite for Small Bone and Joint Orthopedic 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: Large & Small Joints, Orthopedics, Orthopedic Trauma, 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, Anesthesiology, Wound Management, Ophthalmics, Dental Operatory Equipment and more.
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