Since the demographic of knee arthroplasty patients has been changing to include younger patients, growth of revision procedures have increased. On average the knee implants have a lifespan of 15 years.
Vancouver, BC (PRWEB) May 14, 2014
According to a new report by iData Research (http://www.idataresearch.com), the leading global authority in medical device market research, the U.S. Knee Reconstruction Device Market is expected to grow to over $5 billion by 2020, fueled by the increasing number of people who require revision knee implants. This market is comprised of primary knee implants, partial knee implants, revision implants and cutting blocks. Main players driving this growth are Zimmer, DePuy Synthes, Stryker and Smith & Nephew.
“Since the demographic of knee arthroplasty patients has been changing to include younger patients, growth of revision procedures have increased,” noted Dr. Kamran Zamanian, CEO of iData Research. On average the knee implants have a lifespan of 15 years. As revision implants carry the highest price of implants in this market, they will continue to aid the growth of the knee reconstruction device market, which is expected to grow to over $1 billion by 2020.
The prevalence of newer technological innovations, such as the use of knee cutting blocks will also drive the knee reconstruction device market. Custom patient implants have become an important talking point in the knee arthroplasty market as many companies are beginning to develop their own systems.
The goal of patient-specific implants is to increase the functionality and success rate. Cutting blocks allow surgeons to preserve more bone and enhance the fit, thereby increasing functionality and decreasing healing time. Though ConforMIS is the only competitor that offers a patient-specific implant of present, many other companies offer instruments such as cutting blocks to create a more precise implant for each individual patient.
For Further Information
The global series on the “Markets for Large Bone & Joint Orthopedic Devices” covers 20 countries including the U.S., Japan, India, China, Brazil and 15 countries in Europe. The full reports provide a comprehensive analysis including procedure numbers, units sold, market value, forecasts, as well as a detailed competitive market shares and analysis of major players’ success strategies in each market and segment. The reports also cover markets for: knee reconstruction, hip reconstruction and bone cement.
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About iData Research
iData Research (http://www.idataresearch.com) is an international market research and consulting group focused on providing market intelligence for medical device and pharmaceutical companies. iData covers research in: Diabetes Drugs, Diabetes Devices, Pharmaceuticals, Anesthesiology, Wound Management, Orthopedics, Cardiovascular, Ophthalmic, Endoscopy, Gynecology, Urology and more.