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Home > Healthcare > Medical > Orthopedic Devices & Technologies
Orthopedic Implants
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| Published Date:
July 2008
Published By:
Freedonia Group Inc
Page Count:
233
Order Code:
R154-1847
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US market to rise 9.8% per year to $23 billion in 2012
Orthopedic implant demand is forecast to rise 9.8 percent annually to $23 billion in 2012. The four major product segments -- reconstructive joint replacements, spinal implants, orthobiologics and trauma implants -- will all provide strong growth opportunities. The market for reconstructive joint replacements will gain upward momentum from an aging population and the widespread prevalence of physically active lifestyles, thereby expanding the number of persons suffering from injured and deteriorating joints.
Knees, hips remain leading joints for replacement
Knees and hips are highly vulnerable to degeneration caused by arthritic conditions, and will continue to account for the majority of reconstructive joint replacements. Continuing advances in materials and design will improve the safety and performance features of knee and hip implants and encourage their expanding use in severe arthritis treatment. Among other reconstructive joint replacements, total and partial shoulder systems will post the strongest demand and realize the best growth prospects based on advantages over alternative therapies in the reduction of pain and restoration of mobility.
Advances in product technologies and related surgical techniques, coupled with an increasing prevalence of chronic back conditions, will create strong growth opportunities for spinal implants. Implants used in spinal fusion and motion preservation surgeries, especially procedures for the repair of vertebrae and replacement of degenerative discs, will account for the largest market share and the best growth opportunities. Due to outcome advantages over alternative drug and physical therapies, surgery is emerging as the preferred treatment option for many spinal cord injuries and abnormalities. This trend reflects the increasing availability of high value-added devices such as fusion cages and artificial discs.
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