At times like these, most medtech companies are under pressure to improve efficiency and reduce costs in an environment where health systems, patients, and payers require increasing levels of evidence to justify product value and reimbursement. Likewise, the demand for quality healthcare is soaring driven by significant shifts in patient demographics—an ageing population and rising chronic disease. At the same time, supply is not meeting demand as the industry is continuously innovating, adding new products to meet varying needs. 3D-printed implants and instruments, new biomaterials, computer-assisted surgical procedures and smart implants are only a few examples of innovative products that are consistently improving clinical outcomes. Due to such nature, the global orthopedic devices market is highly fragmented, and the market players are now focusing on continuous product development by offering orthopedic devices at competitive prices, especially in the developing countries.
As innovations emerge, the developmental process can be complicated and will be subjected to increased regulation and responsibility. In a highly competitive environment, driven mainly by innovation, orthopedic medical device manufacturers will face numerous challenges. Thus, providing comprehensive insight on the orthopedic devices as well as industries in the Asia Pacific, the magazine also covers various aspects such as market overview, value chain analysis, industry cycle, and market segmentation. The MedTech Outlook editorial team has assessed and curated the most excellent orthopedic devices companies. To help medical organizations select the best orthopedic devices and advance their initiatives, we present to you “Top 10 Orthopedic Device Companies in APAC-2020.”