The outbreak of the COVID-19 pandemic has been an unprecedented health crisis and has had a deterring impact on the orthopedic devices market. A recent study conducted by the Orthopedic Society for assessing the effect of the crisis on orthopedic surgeries. According to the survey, a significant decrease of 75 percent in the volume of orthopedic procedures amidst the pandemic was reported. COVID-19 has significantly hampered the market expansion by disrupting manufacturing and distribution supply chains, restrictions on elective surgeries. However, the need for orthopedic solutions is growing rapidly due to the aging baby boomer population and the rise in the number of obese individuals. Furthermore, with the ongoing vaccination programs, orthopedic surgeries such as knee and hip replacements are steadily increasing.
In recent years, extensive research and development in the equipment used for hip, spinal, and knee replacement have introduced innovative offerings in the market such as patient-specific, personalized, and 3D printed implants. These advancements include minimally invasive surgeries, motion preservation techniques as well as tissue-guided surgeries. That said, a rise in awareness about the availability of innovative medical and orthopedic devices is prompting hospitals to upgrade their devices. To bridge the gap between businesses and consulting/service providers that are transforming business processes through their insights and technological prowess, this edition of MedTech Outlook brings you the “Top 10 Orthopedic Solution Companies in APAC - 2021.” This list gives you some of the most prominent organisations in the industry that have excelled with their services and solutions portfolio to help organisations develop desired operational and business outcomes.
