Abstract
US market to rise 9.8% per year to $23 billion in 2012
Orthopedic implant demand is forecast to rise 9.8 percent annually to $23
billion in 2012. The four major product segments -- reconstructive joint
replacements, spinal implants, orthobiologics and trauma implants -- will all
provide strong growth opportunities. The market for reconstructive joint
replacements will gain upward momentum from an aging population and the
widespread prevalence of physically active lifestyles, thereby expanding the
number of persons suffering from injured and deteriorating joints.
Knees, hips remain leading joints for replacement
Knees and hips are highly vulnerable to degeneration caused by arthritic
conditions, and will continue to account for the majority of reconstructive
joint replacements. Continuing advances in materials and design will improve
the safety and performance features of knee and hip implants and encourage
their expanding use in severe arthritis treatment. Among other reconstructive
joint replacements, total and partial shoulder systems will post the strongest
demand and realize the best growth prospects based on advantages over
alternative therapies in the reduction of pain and restoration of mobility.
Advances in product technologies and related surgical techniques, coupled with
an increasing prevalence of chronic back conditions, will create strong growth
opportunities for spinal implants. Implants used in spinal fusion and motion
preservation surgeries, especially procedures for the repair of vertebrae and
replacement of degenerative discs, will account for the largest market share
and the best growth opportunities. Due to outcome advantages over alternative
drug and physical therapies, surgery is emerging as the preferred treatment
option for many spinal cord injuries and abnormalities. This trend reflects
the increasing availability of high value-added devices such as fusion cages
and artificial discs.
Study coverage
It presents historical demand data (1997, 2002 and 2007) plus forecasts for
2012 and 2017 by product type and market.This study also assesses key US
market environment factors, evaluates company market shares and profiles major
industry competitors.
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