Global Orthopedic Instrumentation Market to Exceed US$47 Billion by 2015, According to a New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on the Orthopedic Instrumentation market. The global orthopedic instrumentation market is projected to surpass US$47 billion by the year 2015, driven by aging global population, rising incidence of age-related conditions such as osteoarthritis, sports-related injuries, and improving orthopedic surgical procedures. Mature market conditions and the global economic downturn presented enormous challenges for market participants. However, changing macroeconomic and demographic trends are set to bring changes in the growth dynamics of the orthopedic industry in the long-term.

Orthopedic Instrumentation: A Global Strategic Business Report

Orthopedics is one of the largest segments in the medical device sector. Important developments in the medical device area, specifically in the orthopedic segment have created ample opportunities to expand and intensify market competition and growth. The Orthopedic Tissue Engineering, one of the key emerging technologies in the medical industry is likely to experience rapid development, given the widespread acceptance and usage of landmark technologies and solutions. The technology is likely to gradually eliminate the need for secondary surgical procedures, leading to faster recovery time frame.

Another important trend changing the industry landscape is the growing focus and prominence of emerging technologies such as biologics, particularly in areas of bone growth factors, bone graft substitutes, meniscus and cartilage repair products, and synovial fluid replacements. Minimally invasive surgery (MIS) has managed to grab the attention of patients and physicians alike, with majority of the orthopedic manufacturers offering procedures and related instrumentation for these surgeries. The proposed healthcare reforms in the US are likely to impact developments in the orthopedic market. The orthopedic devices market is expected to face intense regulatory pressure in view of the approaching review of the Physician Payment Sunshine Act, the PMN pathway, and application of CER information by payers and buyers. Consolidations and acquisitions are strategies adopted by leading suppliers in an effort to strengthen market positions and retain their respective niches in an intensely competitive environment.

The long-term growth prospects in the orthopedic devices market are driven by an aging population, rising incidence of co-morbidities such as diabetes and obesity, and increase in the number of active patients. The advent of technologically advanced products and technologies is likely to foster growth in the industry by allowing surgeons to treat a larger, and increasingly younger patient population. The development of longer-lasting and improved materials and implants is also a key contributor to the industry’s growth. With increase in average life expectancy rates, the number of joint replacement procedures has also witnessed significant growth. Further, rising demand for healthcare services from emerging markets is also expected to contribute to the industry’s robust growth.

The orthopedic industry has been witnessing robust growth in the past decade, owing to the steady rise in sales of devices such as artificial knees and hips, and bone screws. The industry has managed to sustain the growth trend, even when majority of the manufacturing sectors in the US slumped in the wake of the adverse economic conditions. However, the recession has slowed down the pace of growth in the global orthopedic devices, as patients sought to postpone non-essential treatments. Adverse economic conditions resulted in higher pricing pressure, increased number of patient deferrals for joint replacement procedures, and contributed to a decline in hospital’s capital equipment expenses.

The United States and Europe collectively account for a major share of sales in the global market, as stated by the new market research report on Orthopedic Instrumentation. Steady economic growth, rising personal incomes, improving public healthcare services, and increasing life expectancies characterize majority of the Asian economies. The Asia-Pacific market is forecast to surge ahead at the fastest CAGR of 9.6% through 2015.

An aging global population and the rising incidence of age-related conditions such as osteoarthritis is leading to sustained demand in the worldwide reconstructive sector. The global arthroscopy market witnessed a slowdown in the pace of growth during 2009, owing to the global economic downturn. In terms of growth potential, spinal products represents the fastest growing segment in the global orthopedics market at a robust compounded rate of more than 12% over the analysis period. The market managed to counter adverse economic conditions in 2009, with growth driven by high patient demand as well as the shift to motion-preserving devices from fusion technologies.

Global orthopedic equipment industry represents a highly competitive industry, with a large number of players fighting to capture share of the market. Key players profiled in the report 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 (Johnson & Johnson), 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 strategic review of the industry, key market trends, review of all the major product segments, recent product launches, strategic corporate initiatives, and profiles of key market participants. The report provides annual sales estimates and projections for the years 2007 through 2015, and 2000 to 2006 by the following geographic markets - US, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World. Key segments analyzed include Reconstructive Sector (Hip Implants, Knee Implants, and Extremities), Fracture Fixation, Arthroscopy, Spinal Products, and Other Products.

For more details about this comprehensive market research report, please visit –

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
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