In 2020, South Korea’s digital dentistry market size was valued at $50.5 million with the market for dental 3D printers showing the fastest growth. Despite COVID-19, the market size is expected to increase over the forecast period and reach $105.4 million at a CAGR of 11.1% by 2027.
In 2020, the South Korean orthobiologics market size was valued at $141.6 million, with over 200,000 bone grafting procedures performed every year. The market size is expected to increase at a compound annual growth rate (CAGR) of 3.6% to reach $181.5 million in 2026. Throughout this medical market research, we analyzed 16 orthobiologics companies across
In 2021, South Korea’s dental implants market size is projected to reach $303 million, with the discount implants segment showing the highest growth. In spite of COVID19, the South market size is expected to increase over the forecast period to reach $465 million in 2027. Currently, over 35% of the South Korean market share is
Industry Trends Currently, the United States boasts the most mature telemedicine market in the world, as well as a diverse competitive landscape, attributable to a trend towards reimbursement reform and successes of large-scale deployment initiatives. The medicine market is comprised of the telehealth market and the wireless ambulatory telemetry monitoring market. Telehealth refers to the
Industry Trends Currently, the United States boasts the most mature telehealth market in the world, as well as a diverse competitive landscape, attributable to a trend towards reimbursement reform and successes of large-scale deployment initiatives. Moreover, the Veteran’s Health Administration (VHA), America’s largest purveyor of home telehealth, continues to rapidly expand the size of its
Industry Trends In the United States, hyaluronic acid (HA) viscosupplementation is approved only for osteoarthritis of the knee. However, many surgeons also use the injections off-label in indications such as ankle, shoulder and elbow. If market players were to acquire approval in other joints, it would greatly expand the hyaluronic acid market. Continuous growth in
Industry Trends The long-term growth of the market will be strongly driven by the increasing demand for revision surgeries. The revision knee implant segment is the fastest growing of the overall knee replacement device market. The growth rate will continue to increase, which can be attributed to the rise in younger knee implant patients. Since
Industry Trends The global minimally invasive spine surgery market (MIS) is considered by many to be the most exciting and controversial segment of the orthopedics industry. This market has traditionally been a segment of the orthopedics market but, due to rapid growth and a large market size, many manufacturers view spine as a key business
Industry Trends Despite many challenges, growth is expected in many market segments, as the patient demographics in the U.S. maintain a steady demand for such procedures. Growth has slowed in the last few years as newer, minimally invasive innovations gradually cannibalized the traditional spine market. The VCF segment will be the fastest growing in the
In 2021, the South Korea dental bone graft substitutes (DBGS) market size is projected to reach $71 million, with the Xenograft market showing the highest growth. In spite of COVID19, the South Korean market size is expected to increase at a compound annual growth rate of 11.7% to exceed $109 million in 2027. An ongoing trend
Industry Trends One of the main trends in the large joints devices market is a shift towards personalized orthopedic solutions that maximally adjust to the specific anatomical and clinical needs of each individual patient. While it is believed by some that application of an emerging 3D printing technology may potentially make manufacturing of the actual
Industry Trends A particular trend in the U.S. orthobiologics market is competitors that are seeking to penetrate high growth segments outside their traditional space by distributing existing products manufactured by other companies, rather than creating their own. This often involves partnering with a company by taking on the costs associated with regulation and market approval,
The full report suite on the South Korean market for spinal implants and VCF includes traditional cervical and thoracolumbar fixation devices, interbody devices, motion preservation devices, vertebral compression fracture (VCF) treatment and spinal instrumentation.
Industry Trends Cost-cutting measures at hospitals and surgery centers continue to drive down the ASPs of the hip replacement market. The long-term market growth will be primarily driven by patient demographics, characterized by an ever-growing aging population and an increasing number of younger patients. Considering the mature nature of the hip arthroplasty market, the development
The full report suite on the South Korean market for dental prosthetics includes crowns and bridges, dentures, denture teeth and computer-aided design/computer-aided manufacturing (CAD/CAM) prosthetics.