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Pan Asian Orthopedic Implant Markets
Frost & Sullivan, Feb 2002
Higher Incidence of Joint Ailments Among Aging Population Drives Demand for Implants
As the number of elderly individuals in the Pan Asian region continues to rise,
the need for medical products and services will see commensurate growth.
The prevalence of arthritis and osteoporosis will increasingly require replacement
of hip and knee joints. A growing awareness of these treatment options,
coupled with an expansion in national healthcare coverage in the region will
foster important opportunities in the orthopedic implant markets.
This study analyzes Pan Asian orthopedic implant markets, including both hip
and knee joint subsegments. It focuses on key geographic regions, including
Malaysia, Singapore, South Korea, and Taiwan. By reviewing crucial drivers and
restraints, and presenting accurate revenue forecasts for each segment, this
study gives its users an essential tool for navigating the future of the field.
Healthcare Providers Must Conquer Age-Old Perceptions
The acceptance of joint pain as a natural part of the aging process is curbing
receptiveness to orthopedic procedures in lesser developed countries, says
the author of this study. Furthermore, the vast majority of the elderly
population remain unaware of the advantages of joint replacement surgery,
such as increased physical mobility.
Over the long term, however, this is likely to change, states the analyst. If
healthcare providers can educate the elderly about the range of treatment
options for arthritis, osteoporosis, and osteolysis, potential candidates should
become more willing to accept surgery as a solution for their pain. This study
evaluates challenges and offers strategic recommendations, helping your
company to capitalize on emerging opportunities.
Price Competition and Government Regulations Threatens Market Potential
Price sensitivity is high in the region due to low purchasing power and the
infancy of the health insurance programs in several countries, says the
author. Price controls should ease in the long term, as companies continue
to lobby governments. Some countries are also capping prices to ensure
continuous affordability of health care.
At the same time, though, participants will also face a range of
governmental regulations that could slow the release of products in the
marketplace. By identifying possible hurdles and assessing their impact, this
analysis provides winning market insights to overcome obstacles and increase
your firm’s profitability.
Additional Information
Market Participants
Australia
Medical Industry Authority of Australia
Sulzer Medica Australia Pty. Ltd.
Zimmer Co. Ltd
Malaysia
B.Braun Medical Supplies Sdn Bhd
Biomet Sdn Bhd
Johnson & Johnson Medical Malaysia
Stryker Malaysia
Zimmer Malaysia
Philippines
St. Geronimo Medical & Orthopedic Hospital
Orthopedic International
Singapore
Johnson & Johnson Medical
Smith & Nephew Singapore
Stryker Singapore
Zimmer Singapore
South Korea
BK Meditech Co. Ltd
Sulzer Orthopedics Korea, Ltd.
Zimmer South Korea
Taiwan
Johnson & Johnson Medical
Stryker Taiwan
United Orthopedic Taiwan
Wright Medical
Zimmer Taiwan
Thailand
Johnson & Johnson/Depuy
Zimmer Thailand
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