Thursday, February 3, 2011

Advanced Orthopedic Technologies, Implants and Regenerative Products


Advanced Orthopedic Technologies, Implants and Regenerative Products

The total market for advanced orthopedic technology and products was estimated to exceed $28 billion in 2010. New technologies and an increasingly older population are two of the major driving forces within the market. By 2015, the advanced orthopedic technology and product market is likely to reach $32.4 billion, with a compound annual growth rate (CAGR) from 2010 to 2015 of 2.7%.
The global cartilage and soft tissue repair and regenerative product market realized sales of approximately $1.3 billion in 2010; a compound annual growth rate (CAGR) of 3.7% is expected to drive the market to nearly $1.6 billion by 2015.
Worldwide, the total joint replacement, implant and regenerative product markets generated approximately $23.8 billion in 2010 with a compound annual growth rate (CAGR) of 2.4% over the forecast period, reaching $26.8 billion in 2015.
INTRODUCTION
STUDY GOALS AND OBJECTIVES
This 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 STUDY
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 THE REPORT
This 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 products
  • Cartilage and soft tissue repair and regenerative products
  • Joint 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.
METHODOLOGY
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 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 report pertains to the world market in U.S. dollars at the manufacturers’ level. The base year of the report is 2010, with historical data provided for 2008 and 2009 and with forecast data provided for 2015. 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 2010 base year.
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