Advanced Orthopedic Technologies, Implants and Regenerative Products
The total market for advanced orthopedic technology and products was estimated to exceed $17.5 billion in 2006, up 11.7% from $15.7 billion the previous year (2005). By 2012, the advanced orthopedic technology and product market is likely to reach $31.9 billion, with average growth estimated at 10.3%.
Worldwide, the bone repair and regenerative product market has increased at a rate of 19% to 22% annually over the past several years. In 2006, the market experienced a 22% increase over the $910 million in 2005 to reach $1.1 billion.
Worldwide, the total joint replacement, implant and regenerative product markets generated approximately $15.8 billion in 2006, an increase of 11.4% over $11.2 billion estimated for 2005.
With technology advancements and a better understanding of the body, the orthopedic device market offers a range of highly complex and leading-edge products. They now are a significant part of the industry. While there are many conventional and generally less expensive products, new items and biotechnological advancements are beginning to revolutionize future growth of the orthopedic device market. The latest technological products are competing in a fast track market that looks to improve the quality of life for millions of individuals who need procedures such as hip and knee transplants.
Ongoing patient management studies, combined with a drive to produce technologically superior products, will increase the number of patients who can benefit from developments in the advanced orthopedic product market. This study will provide readers with the knowledge needed to adequately view and assess this market and will provide insights into the market potentials, including trends that are, and will continue to drive this segment in the future.
SCOPE OF STUDY
- Provides a complete U.S. and global market analysis
- Quantifies all major markets, including bone repair and regenerative products, cartilage repair and regenerative products, joint replacements, implants and regenerative products, tissue repair and regenerative products, and others
- Analyzes key market drivers such as insurance and reimbursement issues, marketing and advertising issues and trends, world demographics, the trends in orthopedic disability and evolving lifestyles trends, orthopedic-device related infections and much more
- Includes industry overview, development of the advanced orthopedic market, regulation and classification of devices by region
- Analyzes markets by product type, competitor analysis and supplier strategy, research and development, patent analysis, and company profiles are all included in this comprehensive volume.
The information for this report was obtained through primary and secondary data collection methods. Primary sources included interviews with more than 50 key executives, product managers, clinical specialists and other related key personnel involved with the wound care industry. Secondary sources included published literature, investment reports, company literature, and various business journals that have emphases on orthopedic devices and related areas.
Market data for this report pertains to the world market in U.S. dollars at the manufacturers' level. The base year of the report is 2006, with historical data provided for 2005, and forecast data provided for 2007 and 2012. Historical, base year, and forecast data are provided for each market segment of the report. Growth rates are determined through a compilation of data including past trends, future trends, demographics, incidence, mortality, products in research and development, current product growth, etc. Competitor market share estimates are provided for each market segment for the 2006 base year
Melissa Elder is an experienced healthcare market analyst specializing in prescription and over-the-counter pharmaceuticals. Ms. Elder has more than 13 years' experience in the healthcare industry, specializing in market research for the past 10 years. This experience has given her substantial insights into pharmaceutical market analysis. Her work in the medical community, including emergency room medical training and healthcare information system coordination, has enhanced her ability to provide insight into many healthcare markets.