Orthopedic Instrumentation: A Global Strategic Business Report
San Jose, California (PRWEB) March 08, 2012
Follow us on LinkedIn – Changing macroeconomic and demographic trends continue to affect the growth dynamics in the orthopedic industry. Orthopedic procedural volumes continued to be plagued with the aftereffect of the global economic downturn in 2010 as well, as job and insurance coverage losses led to deferral of these procedures by many patients. Also, austerity measures were embraced in Europe in response to struggling economies, while healthcare reforms emerged in the US during the year that also put tremendous pressure on procedural volumes. The extended COBRA benefits faced expiration in mid-2010 in the US which further reduced the number of people under coverage of health insurance.
Despite the adversities, long-term growth in the orthopedic devices market is projected to be strong driven by an aging population, rising incidence of co-morbidities such as diabetes and obesity, increasing prevalence of degenerative joint diseases, and rise in active lifestyles. Further, the advent of technologically advanced products and technologies is expected to foster growth in the industry by allowing surgeons to treat a larger and increasingly younger patient population. Manufacturers engaged in the orthopedic implants business clearly realize the potential of the aging baby boomers segment. Advanced fixation systems incorporating novel materials and innovative device designs, and biomaterials and development of compact, reliable, faster, and lighter power instruments constitute some of the focus areas for researchers across the world. Smart Implants is another potential area of growth for the orthopedic industry. Another research focuses on advanced material coatings that are capable of fighting infections.
As stated by the new market research report on Orthopedic Instrumentation, the US continues to remain the largest regional market. Asia-Pacific constitutes the fastest growing regional market. Steady economic growth, rising personal incomes, improving public healthcare services, and increasing life expectancies characterize majority of the Asian economies. Consequently, the market for sophisticated medical devices is increasing. Despite the fact that Asia accounts for over half of the worldwide aging population, the region holds less than 10% of the orthopedic devices market. China and India represent the two rapidly growing markets for various surgical procedures. Segment-wise, Reconstructive Sector represents the largest product category. Within Reconstructive Sector, knee implants represents the largest and fastest growing sub-segment. In the overall orthopedic instrumentation market, fastest growth is anticipated from Spinal Products segment.
Major players in the marketplace include AAP Implantate AG/aap mebio, Acumed LLC, Arthrex Inc., B. Braun Melsungen AG, Biomet, CONMED Corp., DJO Surgical, Exactech Inc., Innomed Inc., Japan Medical Dynamic Marketing (MDM), Inc, DePuy Inc, Medtronic Sofamor Danek, Orthofix International N.V., Smith & Nephew, Stryker Corporation, Synthes Holding AG, Wright Medical Technology, and Zimmer Holdings, Inc.
The research report titled "Orthopedic Instrumentation: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of trends, issues, strategic industry activities, and profiles of major companies worldwide. The report provides market estimates and projections (US$ Million) for product segments including Reconstructive Sector (Hip Implants, Knee Implants, and Extremities), Fracture Fixation, Arthroscopy, Spinal Products, and Other Products across geographic markets including US, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World.
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About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
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