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Global Orthopedic Implants market set to boom in the next seven years driven by
ageing population
The global orthopedic implants market is forecast to grow to $41.8 billion by 2016 at the
Compounded Annual Growth Rate (CAGR) rate of 7.8% during 2009–2016. Joint
reconstruction will remain the largest orthopedic implants category, which is expected
to grow at 7.4% CAGR during 2009–2016 to reach $22.9 billion. The spinal surgery
category is expected to grow steadily at 10.2% during 2009–2016, to reach $11.3 billion
by 2016. The trauma fixation category is expected to grow to $7.7 billion at a CAGR of
6.0% during 2009–2016. The market will be driven by the aging population,
technological advancements in implant designs and materials which are resulting in
improved durability and younger patients undergoing surgery in the future.
For more information please click or add the below link to your browser:
http://www.gbiresearch.com/Report.aspx?ID=The-Future-of-Orthopedic-Devices-
Analysis-and-Forecasts-to-2016-Joint-Reconstruction-and-Spinal-Implants-Creating-
Growth-
Opportunities&ReportType=Industry_Report&coreindustry=ALL&Title=Medical_Devices
DePuy, Stryker, Zimmer and Synthes Dominate the Global Orthopedic Implants
Market
Depuy, Inc. (Depuy), Stryker Corporation (Stryker), Zimmer Holdings, Inc. (Zimmer),
Synthes, Inc. (Synthes), Smith & Nephew plc (Smith & Nephew), Medtronic, Inc.
(Medtronic), and Biomet, Inc. (Biomet) were the leading companies in the global
orthopedic implants market in 2008. The market is dominated by multinational players,
accounting for about 80% of the total market. Depuy was the market leader and
accounted for 17% of the market in 2008. Stryker, Zimmer, and Synthes, Medtronic,
Smith & Nephew and Biomet accounted for 15%, 14%, 10%, and 8%, 7% and 7%
respectively. The global market for orthopedic implants is dominated by the presence of
a few multinational players. The industry is seeing a number of diversification activities
lately, where leading players are expanding their presence in high growth markets such
as spine surgery.
For more information please click or add the below link to your browser:
http://www.gbiresearch.com/Report.aspx?ID=The-Future-of-Orthopedic-Devices-
Analysis-and-Forecasts-to-2016-Joint-Reconstruction-and-Spinal-Implants-Creating-
Growth-
Opportunities&ReportType=Industry_Report&coreindustry=ALL&Title=Medical_Devices
Procedures and Techniques That Conserve Tissue, And Restore Natural Motion
Gaining Favor among Young Patients
Novel technologies driven by the need for less trauma and greater motion restoration
are contributing towards the growth of the overall orthopedics market. In joint
replacement, partial joint replacement is witnessing the greatest adoption and
acceptance amongst surgeons and patients. Partial replacement conserves more of the
bone of patients, which facilitates fewer complications during revision surgeries.
Procedures such as hip resurfacing and partial knee replacement are also better suited
for young patients, where total joint replacement is not recommended. Thus, these
procedures are driving demand in young adults in their 40s and 50s who currently have
had to endure pain due to the lack of alternatives.
Minimally invasive surgeries have transformed orthopedic surgeries in a significant way.
Not only do these procedures save costs, but they also provide considerable benefits
such as faster recovery times and reduced pain to patients. Innovation in implants and
the instrumentation required during the surgery are driving greater adoption of minimal
invasive surgeries.
Greater durability of new implants, due to advances in materials and design, is also
driving more surgeries among young patients. Earlier, due to the high incidence of wear
and tear in young patients due to their higher activity levels, had led to deferment of
surgeries in these patients. New implants now claim to last up to 25-30 years, which is
enabling young patients to have the surgery earlier and live a pain free lifestyle.
GBI Research’s new report, “The Future of Orthopedic Implants, Analysis and Forecasts
to 2016 - Joint Reconstruction and Spinal Implants Creating Growth Opportunities”
provides key data, information and analysis on the global orthopedic implants market.
The report provides market landscape, competitive landscape and market trends
information on three orthopedic implants market categories – joint reconstruction,
spinal surgery, and trauma fixation. The report provides comprehensive information on
the key trends affecting these categories, and key analytical content on the market
dynamics. The report also reviews the competitive landscape, key pipeline products and
technology offerings. This report is built using data and information sourced from
proprietary databases, primary and secondary research and in-house analysis by GBI
Research’s team of industry experts.
For more information please click or add the below link to your browser:
http://www.gbiresearch.com/Report.aspx?ID=The-Future-of-Orthopedic-Devices-
Analysis-and-Forecasts-to-2016-Joint-Reconstruction-and-Spinal-Implants-Creating-
Growth-
Opportunities&ReportType=Industry_Report&coreindustry=ALL&Title=Medical_Devices
Contact Information:
Rajesh Gunnam
rgunnam@gbiresearch.com
+914066166782