Advanced Orthopedic Technologies, Implants and Regenerative Products
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THE REPORT CONTAINSThe total market for advanced orthopedic technology and products was estimated to exceed $27.7 billion in 2009, from $26.4 billion the previous year (2008). By 2015, the advanced ...
THE REPORT CONTAINSThe total market for advanced orthopedic technology and products was estimated to exceed $27.7 billion in 2009, from $26.4 billion the previous year (2008). By 2015, the advanced orthopedic technology and product market is likely to reach $32.4 billion, with average growth estimated at 2.7%. Worldwide, the bone repair and regenerative product market has increased over the past several years. In 2009, the market experienced an increase over the $2.9 billion in 2008 to reach $3.1 billion. Worldwide, the total joint replacement, implant and regenerative product markets generated approximately $23.2 billion in 2009,over $22.3 billion estimated for 2008INTRODUCTIONSTUDY GOALS AND OBJECTIVESThis report provides an overview of products in the advanced orthopedic market, offers detailed market analyses, and discusses competitive environments. The study includes information about significant products and players, issues and trends, as well as other data affecting the orthopedic device industry.REASONS FOR DOING THE STUDYWith 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 THE REPORTThis study will be a helpful business tool providing a thorough evaluation of the advanced orthopedic market. Its geographic scope is global with special emphasis on the United States and the European Union. The report identifies markets in three general segments:Bone repair and regenerative productsCartilage and soft tissue repair and regenerative productsJoint replacement, implants, and regenerative products.Each market segment provides detailed information based on product categories, product use, forecasts, and competitive analyses.Advanced orthopedics deals with those products involving new techniques and therapies. They provide a significant patient outcome over traditional methods, as well as improving healing and lowering overall care costs. These products incorporate biotechnological advancements and improved methods for dealing with orthopedic injuries and conditions. Products in this study are considered to be at the forefront of orthopedic device technology. Products not considered advanced include external bracing, slings, casting materials etc. Those classified by industry experts as advanced orthopedic products include: human bone products and materials, bone growth stimulators, synthetic bone replacements, cartilage and soft tissue fixation systems, biologics/biomaterials, complex joint replacement devices, spine devices, and joint fluid replacements.METHODOLOGYThe 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 orthopedic 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 repo
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