Product Code: ETC019127 | Publication Date: Jul 2023 | Updated Date: Jan 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Singapore has a well-developed orthopedic prosthetic and surgical appliance market. The market is expected to reach USD 73 million by 2026, growing at an estimated CAGR of 8.5% during the forecast period 2020-2026. This growth can be attributed to factors such as rising geriatric population, technological advancements in prosthesis and implants, increasing health awareness among people, growing number of medical tourism patients from other countries coming to Singapore for treatment options and increasing investment by government in healthcare sector.
Rising Geriatric Population: An increase in population aged 65 years or more has been the primary driver influencing demand for orthopedic prosthetics & surgical appliances across Singapore over the past few years owing to higher prevalence of chronic conditions such as arthritis, osteoporosis ETC, leading to increased need for mobility aids & assistive devices along with corrective surgeries & implants for restoration of lost function.Technological Advancements In Prosthesis And Implants: Increasing emphasis on development of technologically advanced products offering better functionalities with improved durability is likely boost sales prospects across Singapore Orthopedic Prosthetics & Surgical Appliance Market over the forthcoming timeframe.Additionally, development of lighter weight materials such as carbon fiber composites are also likely aid growth through provisioning flexibility while enhancing user experience.
High Cost Of Products: Cost associated with purchase and maintenance remains one key challenge restraining widespread adoption across low-middle income households globally due to lack affordability issues especially when it comes high cost treatments involving implantations, replacements or revision surgeries.Moreover, presence stringent reimbursement regulations related pricing might further limit consumer spending potential thereby impeding market expansion opportunities over the foreseeable future.Lack Of Awareness : Low level awareness regarding availability modern day solutions coupled absence adequate support services pose significant hurdle toward popularity these products within target demographics thereby impacting profoundly upon commercialization prospects industry players operating within space.Such circumstances have compelled stakeholders invest heavily into promotional activities aimed raising general public awareness about their product portfolio order gain traction amid customer base regionally projected time frame.
The outbreak COVID-19 pandemic has had considerable implications on global economies leading industries operating within highly affected countries like Singapore being no exception either suffering huge losses ranging from government spending cuts along reduced consumer expenditure resulting further decline already weakened economy.As result majority manufacturers located here have seen their production acitivity heavily disrupted while sales numbers dropped significantly due extreme social distancing measures imposed by public health authorities countrywide.This trend however doesn`t seem extend entire industry though since it seems therapeutic areas such arthritis, joint replacements ETC which require relatively short intervention times have managed remain largely unaffected while few venturing even new treatments methods such stem cell therapies form regenerative
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Singapore Orthopedic, prosthetic, and surgical appliances Market Overview |
3.1 Singapore Country Macro Economic Indicators |
3.2 Singapore Orthopedic, prosthetic, and surgical appliances Market Revenues & Volume, 2020 & 2030F |
3.3 Singapore Orthopedic, prosthetic, and surgical appliances Market - Industry Life Cycle |
3.4 Singapore Orthopedic, prosthetic, and surgical appliances Market - Porter's Five Forces |
3.5 Singapore Orthopedic, prosthetic, and surgical appliances Market Revenues & Volume Share, By Device Type, 2020 & 2030F |
3.6 Singapore Orthopedic, prosthetic, and surgical appliances Market Revenues & Volume Share, By Technology, 2020 & 2030F |
3.7 Singapore Orthopedic, prosthetic, and surgical appliances Market Revenues & Volume Share, By End-Users, 2020 & 2030F |
4 Singapore Orthopedic, prosthetic, and surgical appliances Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Singapore Orthopedic, prosthetic, and surgical appliances Market Trends |
6 Singapore Orthopedic, prosthetic, and surgical appliances Market, By Types |
6.1 Singapore Orthopedic, prosthetic, and surgical appliances Market, By Device Type |
6.1.1 Overview and Analysis |
6.1.2 Singapore Orthopedic, prosthetic, and surgical appliances Market Revenues & Volume, By Device Type, 2020-2030F |
6.1.3 Singapore Orthopedic, prosthetic, and surgical appliances Market Revenues & Volume, By Lower Extremity Prosthetics, 2020-2030F |
6.1.4 Singapore Orthopedic, prosthetic, and surgical appliances Market Revenues & Volume, By Upper Extremity Prosthetics, 2020-2030F |
6.1.5 Singapore Orthopedic, prosthetic, and surgical appliances Market Revenues & Volume, By Modular Components, 2020-2030F |
6.1.6 Singapore Orthopedic, prosthetic, and surgical appliances Market Revenues & Volume, By Sockets, 2020-2030F |
6.1.7 Singapore Orthopedic, prosthetic, and surgical appliances Market Revenues & Volume, By Liners, 2020-2030F |
6.2 Singapore Orthopedic, prosthetic, and surgical appliances Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 Singapore Orthopedic, prosthetic, and surgical appliances Market Revenues & Volume, By Conventional, 2020-2030F |
6.2.3 Singapore Orthopedic, prosthetic, and surgical appliances Market Revenues & Volume, By Electric Powered, 2020-2030F |
6.2.4 Singapore Orthopedic, prosthetic, and surgical appliances Market Revenues & Volume, By Hybrid Orthopedic Prosthetics, 2020-2030F |
6.3 Singapore Orthopedic, prosthetic, and surgical appliances Market, By End-Users |
6.3.1 Overview and Analysis |
6.3.2 Singapore Orthopedic, prosthetic, and surgical appliances Market Revenues & Volume, By Orthopedic Clinics, 2020-2030F |
6.3.3 Singapore Orthopedic, prosthetic, and surgical appliances Market Revenues & Volume, By Hospitals, 2020-2030F |
6.3.4 Singapore Orthopedic, prosthetic, and surgical appliances Market Revenues & Volume, By Ambulatory Surgical Centers, 2020-2030F |
7 Singapore Orthopedic, prosthetic, and surgical appliances Market Import-Export Trade Statistics |
7.1 Singapore Orthopedic, prosthetic, and surgical appliances Market Export to Major Countries |
7.2 Singapore Orthopedic, prosthetic, and surgical appliances Market Imports from Major Countries |
8 Singapore Orthopedic, prosthetic, and surgical appliances Market Key Performance Indicators |
9 Singapore Orthopedic, prosthetic, and surgical appliances Market - Opportunity Assessment |
9.1 Singapore Orthopedic, prosthetic, and surgical appliances Market Opportunity Assessment, By Device Type, 2020 & 2030F |
9.2 Singapore Orthopedic, prosthetic, and surgical appliances Market Opportunity Assessment, By Technology, 2020 & 2030F |
9.3 Singapore Orthopedic, prosthetic, and surgical appliances Market Opportunity Assessment, By End-Users, 2020 & 2030F |
10 Singapore Orthopedic, prosthetic, and surgical appliances Market - Competitive Landscape |
10.1 Singapore Orthopedic, prosthetic, and surgical appliances Market Revenue Share, By Companies, 2023 |
10.2 Singapore Orthopedic, prosthetic, and surgical appliances Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |