Japan Orthopedic Devices Market Size & Outlook, 2023-2030
Japan Orthopedic Devices Market, 2018-2030 (US$M)
Global Market
Related Markets
Japan orthopedic devices market highlights
- The Japan orthopedic devices market generated a revenue of USD 2,597.6 million in 2023 and is expected to reach USD 4,029.2 million by 2030.
- The Japan market is expected to grow at a CAGR of 6.5% from 2024 to 2030.
- In terms of segment, joint replacement/ orthopedic implants was the largest revenue generating product in 2023.
- Orthobiologics is the most lucrative product segment registering the fastest growth during the forecast period.
Orthopedic devices market data book summary
| Market revenue in 2023 | USD 2,597.6 million |
| Market revenue in 2030 | USD 4,029.2 million |
| Growth rate | 6.5% (CAGR from 2023 to 2030) |
| Largest segment | Joint replacement/ orthopedic implants |
| Fastest growing segment | Orthobiologics |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Joint Replacement/ Orthopedic Implants, Trauma, Sports Medicine, Orthobiologics |
| Key market players worldwide | Medtronic PLC, Stryker Corp, Zimmer Biomet Holdings Inc, DePuy Synthes, Smith & Nephew PLC, Aesculap, Conmed Corp, NuVasive, Enovis Corp |
Other key industry trends
- In terms of revenue, Japan accounted for 4.3% of the global orthopedic devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China orthopedic devices market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 3,032.5 million by 2030.
Rapid technological advancements and high healthcare expenditures are key factors driving Japan’s market. It is expected to grow at a lucrative rate during the forecast period, owing to the rise in demand for new and cost-effective orthopedic devices and the country’s large aging population.
In addition, it has a highly developed medical device industry with advanced manufacturing facilities and technologies. The availability of resources that enable the development of advanced technologies at cheaper costs is boosting the number of local manufacturing facilities. Moreover, as of 2020, around 28% of Japan's population was over 65 years old.
Individuals over the age of 65 years are expected to comprise more than one-third of the population by 2036. This growing elderly population is anticipated to fuel demand for the orthopedic implants market in the country.
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Orthopedic Devices Market Scope
Orthopedic Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Medtronic PLC | View profile | 95,000 | Lower Hatch Street, 20 On Hatch, Dublin, Ireland, 2 | www.medtronic.com |
| Stryker Corp | View profile | 52,000 | 1941 Stryker Way, Portage, MI, United States, 49002 | www.stryker.com |
| Zimmer Biomet Holdings Inc | View profile | 18,000 | 345 East Main Street, Warsaw, IN, United States, 46580 | www.zimmerbiomet.com |
| DePuy Synthes | View profile | 5001-10000 | Raynham, Massachusetts, United States, North America | depuysynthes.com |
| NuVasive | View profile | 1001-5000 | San Diego, California, United States, North America | www.nuvasive.com |
| Smith & Nephew PLC | View profile | 18,452 | Hatters Lane, Building 5, Croxley Park, Watford, Hertfordshire, United Kingdom, WD18 8YE | www.smith-nephew.com |
| Conmed Corp | View profile | 4,000 | 11311 Concept Boulevard, Largo, FL, United States, 33773 | www.conmed.com |
| Enovis Corp | View profile | 6,550 | 2711 Centerville Road, Suite 400, Wilmington, DE, United States, 19808 | www.enovis.com |
| Aesculap | View profile | 251-500 | Kelayres, Pennsylvania, United States, North America | www.aesculapusa.com |
Japan Orthopedic Devices Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Orthopedic Devices Market Outlook will help companies and investors design strategic landscapes.
Joint Replacement/ Orthopedic Implants was the largest segment with a revenue share of 41.74% in 2023.
Horizon Databook has segmented the Japan orthopedic devices market based on joint replacement/ orthopedic implants, trauma, sports medicine, orthobiologics covering the revenue growth of each sub-segment from 2018 to 2030.
Rapid technological advancements and high healthcare expenditures are key factors driving Japan’s market. It is expected to grow at a lucrative rate during the forecast period, owing to the rise in demand for new and cost-effective orthopedic devices and the country’s large aging population.
In addition, it has a highly developed medical device industry with advanced manufacturing facilities and technologies. The availability of resources that enable the development of advanced technologies at cheaper costs is boosting the number of local manufacturing facilities. Moreover, as of 2020, around 28% of Japan's population was over 65 years old.
Individuals over the age of 65 years are expected to comprise more than one-third of the population by 2036. This growing elderly population is anticipated to fuel demand for the orthopedic implants market in the country.
- Japan Orthopedic Devices Market Product Outlook (Revenue, USD Million , 2018-2030)
- Joint Replacement/ Orthopedic Implants
- Trauma
- Sports Medicine
- Orthobiologics
- Others
- Japan Orthopedic Devices Market End Use Outlook (Revenue, USD Million , 2018-2030)
- Hospitals
- Outpatient Facilities
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan Orthopedic Devices Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Japan Orthopedic Devices Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Japan Orthopedic Devices Market, 2018-2030 (US$M)
Japan orthopedic devices market statistics, by product, 2018-2030 (US$M)
