Orthopedic Trauma Devices Market Size, Share & Trends Analysis | Japan | 2019-2025 | MedSuite | Includes: Plates and Screws Market, Intramedullary Nails Market, and 4 more
- Year: 2019
- Scope: 10 Years
- Region: Japan
- Pages: 445
- Published Date: 03/03/2019
- Type: MedSuite
Japan’s trauma device market was previously valued at $625 million. However, this value is expected to increase over the forecast period at a CAGR of 2.1% to reach over $720 million by 2025.
The main driver of the market is the rapid adoption of newer technologies, mixed with the established medical regulation system. Japanese medical device approval, in some rare cases, might be granted even before FDA approval and can be less time-consuming, which makes the market more attractive for foreign investment. Plus, there are benefits, including a faster review process and extra reimbursement, for those who apply earlier or in parallel with the FDA. The Japanese government provides the Unmet Clinical Need Device Program or the Device Lag Program, to accelerate the launch of clinically necessary devices.
The market is limited by aggressive reimbursement cuts, originally initiated in 2008 and that has remained the main regulative force for the medical market in Japan, fueling price-based competition in a highly commoditized market. The reimbursement price is typically around 70% of the U.S. list price. Orthopedic devices can be reimbursed at about half of the U.S. list price, and cardiovascular devices are about 85%.
MAJOR SEGMENTS COVERED
While this report suite contains all applicable market data, each of the markets is also available as stand-alone MedCore reports. This allows you to get access to only the specific market segment research that you need. You can view all these included reports and segmentation here:
- Procedure Numbers for Trauma Devices – MedPro – Using a number of databases, internal and external, we’re able to provide you with the total volume of orthopedic trauma procedures being performed for each of the markets mentioned in this suite of reports.
- Plates and Screws Market – MedCore – Includes evaluation of standard plates and screws, hybrid plates and screws, locking plates and screws, and distal radius plates and screws.
- Intramedullary Nails Market – MedCore – This report includes markets for humeral intramedullary nails, forearm intramedullary nails, femoral intramedullary nails, tibial intramedullary nails, and ankle intramedullary nails.
- Cannulated Screws Market – MedCore – Includes categorization for headed and headless cannulated screws.
- Intramedullary Hip Screws Market – MedCore – This report provides insight into the markets for both stainless steel and titanium intramedullary hip screws.
- Conventional Hip Screws Market 2019 – MedCore – This report is composed of a market segment for both stainless steel and titanium conventional hip screws.
- External Fixations Market – MedCore – The total market for external fixations is further segmented into the markets for shoulder girdle external fixations, upper arm external fixations, forearm external fixations, hand and wrist external fixations, hip external fixations, upper leg external fixations, knee external fixations, lower leg external fixations, ankle external fixations, and foot and toe external fixations.
Buying all of these reports together in this suite package will provide you with substantial discounts from the separate prices. Request Pricing to Learn More
DATA TYPES INCLUDED
- Unit Sales, Average Selling Prices, Market Value & Growth Trends
- 10 Year Scope
- Market Drivers & Limiters for Each Segment
- Competitive Analysis with Market Shares for Each Segment
- Recent Mergers & Acquisitions
- Disease Overviews and Demographic Information
- Company Profiles, Product Portfolios and SWOT for Top Competitors
JAPAN TRAUMA DEVICES MARKET SHARE INSIGHT
In 2018, DePuy Synthes remained the leading competitor in the total Japanese orthopedic trauma market. This can be attributed to their strong position in the majority of the market segments. Their most significant market share is in the plate and screw market, where they also continued to lead the segment. This is a result of their pioneering efforts in developing locking plate and screw systems, which the company first introduced in 2002. Additionally, the company promoted a switch to titanium over stainless steel systems, which is fueling its market growth.
In 2018, Stryker held the second-leading position in the Japanese orthopedic trauma market, driven by their leading positions in the intramedullary nail market and intramedullary hip screw market and by holding almost half of the cannulated screw market share. The company’s revenue from its Trauma and Extremities business in the Asia-Pacific region generates up to $160 million annually, which is around 10% of global sales from the Trauma and Extremities segment.
In addition, this report analyzes many other competitors including Zimmer Biomet, Smith & Nephew, Acumed, Meira Medical, Mizuho Medical, Wright Medical, Orthofix, Nipro, Aimedic MMT, Fixano, HOYA Technosurgical, Japan MDM, Kisco, Medical Engineering Systems, Robert Reid, Teijin Nakashima, and other domestic manufacturers.
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