Chromium Phosphate Market Size, Share & Trends Analysis By Application (Architectural Coatings, Corrosion Inhibitor Coatings, Medical Coatings, Chemical Manufacturing), By Region, And Segment Forecasts, 2024 - 2030
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China Orthopedic Devices Market Growth & Trends
The China orthopedic devices market size is expected to reach USD 4.58 billion by 2030, registering a CAGR of 6.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. Technologies used in orthopedic surgeries are improving continuously. New & improved versions of existing technologies have been developed to improve surgical outcomes and achieve longevity. Tools, parts, and instruments used in surgeries, such as fixation screws, are continuously advancing.
Various titanium-based biocompatible or biomaterial-based screws & fixation systems have offered better results with lesser chances of rejection over a longer period than previously used metal screws. Novel technologies, such as tissue grafting and the use of scaffolds & other tissue matrices for the regeneration of native tissue, are being successfully used to impart improved mobility & flexibility to repaired limbs. Growth factor-infused matrices are being used for better & faster healing of tissue surrounding the injury. Such increasing technological advancement in orthopedic devices are driving market growth.
Signs of aging such as weakening of bones due to excessive loss of bone mass, which is common between 25 and 54 years of age, and decreasing bone density, which becomes more prominent from 55 years & above, are expected to drive market demand. Thus, the aging population is impelling the demand for orthopedic solutions. For instance, in 2019, nearly 0.9 million artificial joint replacement surgeries were carried out in China as reported by a study from the Chinese Medical Association, indicating a rising trend in these cases.
Furthermore, another driving force for the China orthopedic devices market is increasing participation in sports & related events and the accompanying injuries. The information published in the Kung Fu Data in 2023 indicated a significant increase in outdoor sports involvement in China, with more than 400 million people participating in different outdoor activities by the conclusion of 2021. There has been a notable rise in the outdoor participation rate, surpassing the 28% mark, over the last two years alone. Additionally , the report on the China Outdoor Sports Industry Development Report, 2022-2023, showed that there was a 79% increase in orders for outdoor sports in the first half of 2023 when compared to the same period in 2022. Furthermore, there was a 221% surge in comparison to 2019. This, in turn, is expected to increase their chances of incurring injuries, thereby fostering market growth.
The major players operating in the market are adopting strategies such as collaborations, supply agreements, and partnerships with a major focus on enhancing the product formation and reach. Additionally, the players are securing funding from government and non-government bodies to develop advanced products. For instance , in September 2020, Smith+Nephew launched REDAPT System in the Chinese market for revision hip arthroplasty, including achievement of joint stability, surgical efficiency, fixation of various bone types, and predictable stem position. The company secured approval from China's National Medical Products Administration to launch the product.
Additionally, increasing prevalence of orthopedic conditions, advancements in implant materials and designs, and a growing demand for improved quality of life through surgical interventions are accelerating market growth. Furthermore, continuous research and development in the orthopedic devices market aim to improve lower extremity implants' longevity, functionality, and biocompatibility. This includes incorporating innovative materials, such as advanced ceramics and highly durable metals, and developing minimally invasive surgical techniques to enhance patient outcomes and reduce recovery times.
China Orthopedic Devices Market Report Highlights
China Orthopedic Devices Market Growth & Trends
The China orthopedic devices market size is expected to reach USD 4.58 billion by 2030, registering a CAGR of 6.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. Technologies used in orthopedic surgeries are improving continuously. New & improved versions of existing technologies have been developed to improve surgical outcomes and achieve longevity. Tools, parts, and instruments used in surgeries, such as fixation screws, are continuously advancing.
Various titanium-based biocompatible or biomaterial-based screws & fixation systems have offered better results with lesser chances of rejection over a longer period than previously used metal screws. Novel technologies, such as tissue grafting and the use of scaffolds & other tissue matrices for the regeneration of native tissue, are being successfully used to impart improved mobility & flexibility to repaired limbs. Growth factor-infused matrices are being used for better & faster healing of tissue surrounding the injury. Such increasing technological advancement in orthopedic devices are driving market growth.
Signs of aging such as weakening of bones due to excessive loss of bone mass, which is common between 25 and 54 years of age, and decreasing bone density, which becomes more prominent from 55 years & above, are expected to drive market demand. Thus, the aging population is impelling the demand for orthopedic solutions. For instance, in 2019, nearly 0.9 million artificial joint replacement surgeries were carried out in China as reported by a study from the Chinese Medical Association, indicating a rising trend in these cases.
Furthermore, another driving force for the China orthopedic devices market is increasing participation in sports & related events and the accompanying injuries. The information published in the Kung Fu Data in 2023 indicated a significant increase in outdoor sports involvement in China, with more than 400 million people participating in different outdoor activities by the conclusion of 2021. There has been a notable rise in the outdoor participation rate, surpassing the 28% mark, over the last two years alone. Additionally , the report on the China Outdoor Sports Industry Development Report, 2022-2023, showed that there was a 79% increase in orders for outdoor sports in the first half of 2023 when compared to the same period in 2022. Furthermore, there was a 221% surge in comparison to 2019. This, in turn, is expected to increase their chances of incurring injuries, thereby fostering market growth.
The major players operating in the market are adopting strategies such as collaborations, supply agreements, and partnerships with a major focus on enhancing the product formation and reach. Additionally, the players are securing funding from government and non-government bodies to develop advanced products. For instance , in September 2020, Smith+Nephew launched REDAPT System in the Chinese market for revision hip arthroplasty, including achievement of joint stability, surgical efficiency, fixation of various bone types, and predictable stem position. The company secured approval from China's National Medical Products Administration to launch the product.
Additionally, increasing prevalence of orthopedic conditions, advancements in implant materials and designs, and a growing demand for improved quality of life through surgical interventions are accelerating market growth. Furthermore, continuous research and development in the orthopedic devices market aim to improve lower extremity implants' longevity, functionality, and biocompatibility. This includes incorporating innovative materials, such as advanced ceramics and highly durable metals, and developing minimally invasive surgical techniques to enhance patient outcomes and reduce recovery times.
China Orthopedic Devices Market Report Highlights
- Based on product, the joint replacement/ orthopedic implants segment held the largest revenue share in the market in 2023 owing to the growing prevalence of reduced bone density weakened bones, & musculoskeletal disorders, and rising risk of degenerative bone disorders.
- The orthobiologics segment is anticipated to witness significant growth over the forecast period, due to the growing adoption of strategic initiatives by key market players.
- Based on end use, the hospitals segment is anticipated to grow at the fastest growth rate over the forecast period in the market owing to the increasing presence of a large number of hospitals & primary care centers.
CHAPTER 1. METHODOLOGY AND SCOPE
1.1. Market Segmentation and Scope
1.2. Market Definitions
1.3. Research Methodology
1.3.1. Information Procurement
1.3.2. Information or Data Analysis
1.3.3. Market Formulation & Data Visualization
1.3.4. Data Validation & Publishing
1.4. Research Scope and Assumptions
1.4.1. List of Data Sources
CHAPTER 2. EXECUTIVE SUMMARY
2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights
CHAPTER 3. CHROMIUM PHOSPHATE MARKET VARIABLES, TRENDS, & SCOPE
3.1. Market Introduction/Lineage Outlook
3.2. Market Size and Growth Prospects (USD Million) (Volume in Kilotons)
3.3. Market Dynamics
3.3.1. Market Drivers Analysis
3.3.2. Market Restraints Analysis
3.4. Chromium Phosphate Market Analysis Tools
3.4.1. Porter’s Analysis
3.4.1.1. Bargaining power of the suppliers
3.4.1.2. Bargaining power of the buyers
3.4.1.3. Threats of substitution
3.4.1.4. Threats from new entrants
3.4.1.5. Competitive rivalry
3.4.2. PESTEL Analysis
3.4.2.1. Political landscape
3.4.2.2. Economic and Social landscape
3.4.2.3. Technological landscape
3.4.2.4. Environmental landscape
3.4.2.5. Legal landscape
CHAPTER 4. CHROMIUM PHOSPHATE MARKET: APPLICATION ESTIMATES & TREND ANALYSIS
4.1. Segment Dashboard
4.2. Chromium Phosphate Market: Application Movement Analysis, USD Million, Volume in Kilotons, 2023 & 2030
4.3. Architectural Coatings
4.3.1. Architectural Coatings Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
4.4. Corrosion Inhibitor Coatings
4.4.1. Corrosion Inhibitor Coatings Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
4.5. Medical Coatings
4.5.1. Medical Coatings Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
4.6. Chemical Manufacturing
4.6.1. Chemical Manufacturing Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
4.7. Others
4.7.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
CHAPTER 5. CHROMIUM PHOSPHATE MARKET: REGIONAL ESTIMATES & TREND ANALYSIS
5.1. Chromium Phosphate Market Share, By Region, 2023 & 2030, USD Million, Volume in Kilotons
5.2. North America
5.2.1. North America Chromium Phosphate Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
5.2.2. U.S.
5.2.2.1. U.S. Chromium Phosphate Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
5.2.3. Canada
5.2.3.1. Canada Chromium Phosphate Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
5.2.4. Mexico
5.2.4.1. Mexico Chromium Phosphate Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
5.3. Europe
5.3.1. Europe Chromium Phosphate Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
5.3.2. UK
5.3.2.1. UK Chromium Phosphate Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
5.3.3. Germany
5.3.3.1. Germany Chromium Phosphate Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
5.3.4. France
5.3.4.1. France Chromium Phosphate Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
5.3.5. Italy
5.3.5.1. Italy Chromium Phosphate Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
5.3.6. Spain
5.3.6.1. Spain Chromium Phosphate Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
5.4. Asia Pacific
5.4.1. Asia Pacific Chromium Phosphate Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
5.4.2. China
5.4.2.1. China Chromium Phosphate Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
5.4.3. Japan
5.4.3.1. Japan Chromium Phosphate Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
5.4.4. India
5.4.4.1. India Chromium Phosphate Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
5.4.5. South Korea
5.4.5.1. South Korea Chromium Phosphate Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
5.5. Latin America
5.5.1. Latin America Chromium Phosphate Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
5.5.2. Brazil
5.5.2.1. Brazil Chromium Phosphate Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
5.5.3. Argentina
5.5.3.1. Argentina Chromium Phosphate Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
5.6. Middle East and Africa
5.6.1. Middle East and Africa Chromium Phosphate Market Estimates and Forecasts, 2018 - 2030 (USD Million)
5.6.2. Saudi Arabia
5.6.2.1. Saudi Arabia Chromium Phosphate Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
5.6.3. South Africa
5.6.3.1. South Africa Chromium Phosphate Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
CHAPTER 6. COMPETITIVE LANDSCAPE
6.1. Recent Developments & Impact Analysis by Key Market Participants
6.2. Company Categorization
6.3. Company Heat Map Analysis
6.4. Company Profiles
6.4.1. American Elements
6.4.1.1. Participant’s Overview
6.4.1.2. Financial Performance
6.4.1.3. Product Benchmarking
6.4.1.4. Recent Developments/ Strategic Initiatives
6.4.2. Nippon Chemical Industrial CO., LTD.
6.4.2.1. Participant’s Overview
6.4.2.2. Financial Performance
6.4.2.3. Product Benchmarking
6.4.2.4. Recent Developments/ Strategic Initiatives
6.4.3. SHEPHERD CHEMICALS
6.4.3.1. Participant’s Overview
6.4.3.2. Financial Performance
6.4.3.3. Product Benchmarking
6.4.3.4. Recent Developments/ Strategic Initiatives
6.4.4. Wuhan Youngde Chemical Co., Ltd.
6.4.4.1. Participant’s Overview
6.4.4.2. Financial Performance
6.4.4.3. Product Benchmarking
6.4.4.4. Recent Developments/ Strategic Initiatives
6.4.5. Zhengzhou Acme Chemical Co., Ltd.
6.4.5.1. Participant’s Overview
6.4.5.2. Financial Performance
6.4.5.3. Product Benchmarking
6.4.5.4. Recent Developments/ Strategic Initiatives
6.4.6. Incheon Chemical
6.4.6.1. Participant’s Overview
6.4.6.2. Financial Performance
6.4.6.3. Product Benchmarking
6.4.6.4. Recent Developments/ Strategic Initiatives
1.1. Market Segmentation and Scope
1.2. Market Definitions
1.3. Research Methodology
1.3.1. Information Procurement
1.3.2. Information or Data Analysis
1.3.3. Market Formulation & Data Visualization
1.3.4. Data Validation & Publishing
1.4. Research Scope and Assumptions
1.4.1. List of Data Sources
CHAPTER 2. EXECUTIVE SUMMARY
2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights
CHAPTER 3. CHROMIUM PHOSPHATE MARKET VARIABLES, TRENDS, & SCOPE
3.1. Market Introduction/Lineage Outlook
3.2. Market Size and Growth Prospects (USD Million) (Volume in Kilotons)
3.3. Market Dynamics
3.3.1. Market Drivers Analysis
3.3.2. Market Restraints Analysis
3.4. Chromium Phosphate Market Analysis Tools
3.4.1. Porter’s Analysis
3.4.1.1. Bargaining power of the suppliers
3.4.1.2. Bargaining power of the buyers
3.4.1.3. Threats of substitution
3.4.1.4. Threats from new entrants
3.4.1.5. Competitive rivalry
3.4.2. PESTEL Analysis
3.4.2.1. Political landscape
3.4.2.2. Economic and Social landscape
3.4.2.3. Technological landscape
3.4.2.4. Environmental landscape
3.4.2.5. Legal landscape
CHAPTER 4. CHROMIUM PHOSPHATE MARKET: APPLICATION ESTIMATES & TREND ANALYSIS
4.1. Segment Dashboard
4.2. Chromium Phosphate Market: Application Movement Analysis, USD Million, Volume in Kilotons, 2023 & 2030
4.3. Architectural Coatings
4.3.1. Architectural Coatings Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
4.4. Corrosion Inhibitor Coatings
4.4.1. Corrosion Inhibitor Coatings Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
4.5. Medical Coatings
4.5.1. Medical Coatings Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
4.6. Chemical Manufacturing
4.6.1. Chemical Manufacturing Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
4.7. Others
4.7.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
CHAPTER 5. CHROMIUM PHOSPHATE MARKET: REGIONAL ESTIMATES & TREND ANALYSIS
5.1. Chromium Phosphate Market Share, By Region, 2023 & 2030, USD Million, Volume in Kilotons
5.2. North America
5.2.1. North America Chromium Phosphate Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
5.2.2. U.S.
5.2.2.1. U.S. Chromium Phosphate Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
5.2.3. Canada
5.2.3.1. Canada Chromium Phosphate Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
5.2.4. Mexico
5.2.4.1. Mexico Chromium Phosphate Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
5.3. Europe
5.3.1. Europe Chromium Phosphate Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
5.3.2. UK
5.3.2.1. UK Chromium Phosphate Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
5.3.3. Germany
5.3.3.1. Germany Chromium Phosphate Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
5.3.4. France
5.3.4.1. France Chromium Phosphate Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
5.3.5. Italy
5.3.5.1. Italy Chromium Phosphate Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
5.3.6. Spain
5.3.6.1. Spain Chromium Phosphate Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
5.4. Asia Pacific
5.4.1. Asia Pacific Chromium Phosphate Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
5.4.2. China
5.4.2.1. China Chromium Phosphate Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
5.4.3. Japan
5.4.3.1. Japan Chromium Phosphate Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
5.4.4. India
5.4.4.1. India Chromium Phosphate Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
5.4.5. South Korea
5.4.5.1. South Korea Chromium Phosphate Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
5.5. Latin America
5.5.1. Latin America Chromium Phosphate Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
5.5.2. Brazil
5.5.2.1. Brazil Chromium Phosphate Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
5.5.3. Argentina
5.5.3.1. Argentina Chromium Phosphate Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
5.6. Middle East and Africa
5.6.1. Middle East and Africa Chromium Phosphate Market Estimates and Forecasts, 2018 - 2030 (USD Million)
5.6.2. Saudi Arabia
5.6.2.1. Saudi Arabia Chromium Phosphate Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
5.6.3. South Africa
5.6.3.1. South Africa Chromium Phosphate Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Volume in Kilotons)
CHAPTER 6. COMPETITIVE LANDSCAPE
6.1. Recent Developments & Impact Analysis by Key Market Participants
6.2. Company Categorization
6.3. Company Heat Map Analysis
6.4. Company Profiles
6.4.1. American Elements
6.4.1.1. Participant’s Overview
6.4.1.2. Financial Performance
6.4.1.3. Product Benchmarking
6.4.1.4. Recent Developments/ Strategic Initiatives
6.4.2. Nippon Chemical Industrial CO., LTD.
6.4.2.1. Participant’s Overview
6.4.2.2. Financial Performance
6.4.2.3. Product Benchmarking
6.4.2.4. Recent Developments/ Strategic Initiatives
6.4.3. SHEPHERD CHEMICALS
6.4.3.1. Participant’s Overview
6.4.3.2. Financial Performance
6.4.3.3. Product Benchmarking
6.4.3.4. Recent Developments/ Strategic Initiatives
6.4.4. Wuhan Youngde Chemical Co., Ltd.
6.4.4.1. Participant’s Overview
6.4.4.2. Financial Performance
6.4.4.3. Product Benchmarking
6.4.4.4. Recent Developments/ Strategic Initiatives
6.4.5. Zhengzhou Acme Chemical Co., Ltd.
6.4.5.1. Participant’s Overview
6.4.5.2. Financial Performance
6.4.5.3. Product Benchmarking
6.4.5.4. Recent Developments/ Strategic Initiatives
6.4.6. Incheon Chemical
6.4.6.1. Participant’s Overview
6.4.6.2. Financial Performance
6.4.6.3. Product Benchmarking
6.4.6.4. Recent Developments/ Strategic Initiatives
