Since 2006, the CAGR of China orthopedics device market scale has been about 20%. In 2012, the market scale of China orthopedic device was about CNY 9.85 billion, with 270,000 cases of joint replacement, 420,000 cases of spinal device, millions cases of trauma device and 200,000-250,000 cases of dental implant. Among them, trauma products, spinal products and joint products are top 3 segment products. The global orthopedic contract manufacturing market is set to grow at a CAGR of 11.05% over the period 2012-2016. One of the key factors contributing to this market growth is the need to optimize resources. The orthopedic contract manufacturing industry has been witnessing an increasing number of mergers and acquisitions. However, increasing threat of in-house manufacturing could pose a challenge to the growth of this market.
The report "Research and Development Forecast of China Orthopedic Device Market, 2013-2017" says at present, the market pattern of China orthopedics device is similar to the pattern of preparation market. The high-end market and class 3 hospitals are mainly occupied by foreign-funded enterprises, while local enterprises are mainly the low-end market and class 2 hospitals. However, foreign-funded enterprises and local enterprises are expanding to the first-tier and second-tier cities, competing for positions. In order to accelerate to expand the China market, for foreign-funded enterprises, acquisition of China high quality enterprises of such field has become the convenient way. Benefiting from the improvement of the national income level, the coming of an aging population and the increase in the proportion of medical reimbursement etc., the market demand of orthopedics industry has got effective release in recent years in China.
Companies covered in this report include: Johnson & Johnson, Medtronic, Inc., Stryker Corporation, Trauson Holdings, China Kanghui Holdings, Weigao Group, Xian Airfoil Technology Co., Ltd., LINK Orthopedics (China) Co., Ltd., Changzhou BIOMET Medical Device Co., Ltd. , Beijing Montagne Medical Device Co., Ltd., Tianjin Walkman Biomaterial Co., Ltd. and Suzhou Xinrong Best Medical Instrument Co., Ltd. Buy a copy of this report here.
The report "Global Orthopedic Contract Manufacturing Market 2012-2016" has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market in the Americas, and the APAC and EMEA regions; it also covers the global orthopedic contract manufacturing market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market. The key vendors dominating this space Greatbatch Inc., Orchid Orthopaedic Solutions LLC, Paragon Medical Inc., Symmetry Medical Inc., and Tecomet Inc. Other vendors mentioned in the report are Bradshaw Medical Inc., In'Tech Medical S.A.S, and RTI International Metals Inc. Key questions answered in this report, available for purchase here, include:
- What will the market size be in 2016 and at what will be the growth rate?
- What are key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by key vendors?
- What are the strengths and weaknesses of each of these key vendors?