Global Orthopedic Prosthetics Market to Reach US$23.5 Billion by 2017, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Orthopedic Prosthetics markets. The global Orthopedic Prosthetics market is projected to reach US$23.5 billion by the year 2015, spurred by a multitude of factors including aging global population, rising incidence of degenerative joint diseases, and improving healthcare infrastructure in developing countries. Besides, development of durable and improved materials and implants is also expected to contribute to the market’s growth.

Orthopedic Prosthetics: A Global Strategic Business Report

Follow us on LinkedIn – Demand for orthopedic prosthetics is projected to register strong growth in the long term, driven by factors such as aging population and rising instances of degenerative joint diseases such as osteoporosis, and arthritis. The growing desire of individuals to lead active lifestyles is also contributing to a rise in the number of reconstructive procedures being performed, particularly on younger patients. Demand functions not only drive the market for orthopedic prosthesis but also initiate the development of innovative devices. Rapid technological advancements in the hip implants market are contributing to the development of improved implant materials and devices, featuring better design and offering longer life. Companies across the world are focusing on the development of advanced materials and technologies in the field of orthopedic implants to address the emerging requirements of aging population and active youth. Advanced fixation systems incorporating novel materials and innovative device designs, and biomaterials constitute some of the focus areas for researchers across the world. Another research focuses on advanced material coatings that are capable of fighting infections.

As stated by the new market research report on Orthopedic Prosthetics, the US accounts for a significant share of the global procedural revenues. Though the economy in Europe and North America remains clouded with uncertainty, the regions are reporting a higher sales growth compared to the previous years. For the near term, orthopedic implant sales in Europe is expected to remain soft owing to cuts in capital spending budgets and cost constraints in healthcare sector across most countries. Asian countries, including India and China, and Latin American countries, continue to hold enormous growth opportunities driven by rapidly growing economies, as well as presence of large elderly population.

During the recessionary period, growth in the European and American orthopedic prosthetics market was visibly affected due to dampened procedural demand. However, Asian countries exhibited a degree of resilience due to increase in healthcare infrastructure investments. Long-term growth in the hip and knee replacement market in the emerging economies is expected to remain strong driven by the growing awareness levels about the procedure and increasing familiarity of surgeons with the procedures. Development of advanced prosthetic implants involving better fixation, cementless design and wear-resistant material is also enhancing growth prospects in the industry. Budgetary constraints and the increasing demand from developing countries are expected to foster the development of low cost orthopedic implants.

Segmnet-wise Knee Prosthesis constitute the largest product segment. Expanding aging population facing higher risk of hip degenerative conditions, and rising instances of hip-related diseases are expected to enhance the demand for hip implants. The advent of advanced techniques and biomaterials, and the growing popularity of hip arthroplasty procedures among younger patients are enhancing prospects in the global hip implants market.

The orthopedic implant segment is dominated by a handful of large, multinational players. Leading players in the market include DePuy, Zimmer, Stryker Corporation, Biomet, and Smith & Nephew. The hip and knee implants market also involves the participation of local manufacturers, particularly in the Asian countries such as Japan, China, and Australia. Such manufacturers command a significant presence in the regional markets owing to extensive distribution networks. Key players profiled in the report include AAP Implantate AG, Aesculap Implant Systems, Inc., Biomet Inc., Corin Group PLC, DePuy Orthopedics Inc., DJO Surgical, Exactech Inc., Smith & Nephew Plc, Stryker Corporation, Wright Medical Group Inc., and Zimmer Holdings Inc.

The research report titled "Orthopedic Prosthetics: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of trends, issues, strategic industry activity, and profiles of major companies worldwide. The report provides annual sales estimates and projections the years 2009 through 2017 by the following geographic markets - US, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World. Key segments and sub-segments analyzed include Hip Prosthesis, Knee Prosthesis, and Secondary Joint Prosthesis (Shoulder and Others).

For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Orthopedic_Prosthetics_Market_Report.asp

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

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