“The majority of knee arthroplasty patients are aged 60 and above, and usually require a total knee replacement. By this stage, it is more likely that the entire knee is suffering from arthritis.”
Vancouver, BC (PRWEB) February 04, 2015
According to a new report published by iData Research (http://www.idataresearch.com), the U.S. large joint restoration market, which includes hip and knee restorations as well as bone cement sales, is projected to pass the USD $9 billion mark this year. Knee restorations lead the way, making up more than half of the market’s value.
“Solid market growth here is largely driven by demographics,” explains Dr. Kamran Zamanian, CEO of iData. “The majority of knee arthroplasty patients are aged 60 and above, and usually require a total knee replacement. By this stage, it is more likely that the entire knee is suffering from arthritis.” As U.S. citizens live longer, healthier lives, the pool of potential knee and hip restoration patients continues to grow.
Other key findings from the iData Research report entitled U.S. Market for Large Bone and Joint Orthopedic Devices:
Custom Implant Popularity
Custom patient implants have become an important talking point in the knee arthroplasty market. Many companies offer instruments such as cutting blocks that are used to create the perfect implant for each individual patient. The use of cutting blocks allows surgeons to preserve more bone and increase the fit, thereby increasing functionality and decreasing healing time.
Revision Procedures On the Rise
Both the knee and hip revision markets have been experiencing strong growth due to an increase in procedures. This increase results from the number of younger joint replacement patients in the last two decades who will now be receiving revision surgeries as their implants begin to fail. On average, approximately 10% of all primary hip and knee replacements will require a revision.
Fierce Competition for Leading Competitors
Three major companies vie for the top spot in the U.S. large joint restoration market: DePuy Synthes, Stryker, and Zimmer. Together, these companies make up more than half of the market’s value. The next runners up are Smith & Nephew and Biomet; however, these two companies have less share than the top three.
For More Information
The global report series for large bone and joint orthopedic devices covers Japan, India, China, Europe, and the United States. Full reports provide a comprehensive analysis including procedure numbers, units sold, market value, forecasts, as well as detailed competitive market shares and analyses of major players’ success strategies in each market and segment.
About Procedure Tracker
Procedure number data is available from iData’s Procedure Tracker service, which allows subscribers to define and analyze procedure data segmented by State, region, hospital, surgery centre, and physician. A customizable dashboard sorts procedure data for further analysis and research.
About iData Research
iData Research (http://www.idataresearch.com) is an international market research and consulting goup 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, Ophthalmics, Endoscopy, Gynecology, Urology and more.