The Future of the Orthopedic Devices Market to
2012
Author: Mike King

Link

http://www.live-pr.com/en/the-future-of-the-orthopedic-devices-r1048250674.htmPublished Date: 10/12/2008Summary: A new report by Global Markets Direct,
the business intelligence specialists, finds that
increasing number of individuals are opting for
minimally invasive surgeries and treatment options.
Artificial joints, spinal implants and
orthobiologics are some of the key segments driving
revenue growth and investor interests in the global
orthopedic devices sector. Global Markets Direct’s
report, “The Future of the Orthopedic Devices Market
to 2012”, highlights this development as one of the
key market driver for the global orthopedic devices
market.Artificial Joints Will Continue To Drive Growth

The joint reconstruction (artificial joints)
market valued at $12.2 billion in 2008 will continue
to drive growth in the orthopedic devices sector.
The global joint reconstruction market is expected
to grow by more than 9% annually to reach $17.4
billion by 2012 and is forecast to contribute 45% of
the overall orthopedic devices market value by 2012.
The key growth segments within the join
reconstruction sector are gender specific knee
implants; and hip and knee resurfacing product
lines.
The demand for hip and knee replacement procedures
is increasing with a rise in the aging population
and a growing number of younger patients going for
joint arthroplasty procedures. New product
innovations, newer procedure techniques and positive
clinical outcomes of products introduced in the past
four years are some of the key growth drivers in
this sector according to Global Market Direct
analysis.

Spinal Non-Fusion Technologies To Boost Spinal
Implants Growth

The spinal non-fusion devices market valued at
$551 million in 2008 is forecast to grow by more
than 10% annually to reach $792 million by 2012
accounting for 15% of the spinal surgery market
value.
The presence of innovative products and favorable
clinical trial data for spinal non-fusion product
lines are an indication of the superiority of this
technology over existing options. Its advantage over
the traditional spinal fusion techniques, primarily
associated with higher degree of motion
preservation, is fueling the demand and growth of
non-fusion spinal implants.

Orthobiologics Will Continue To Attract
Investment Dollars

Driven primarily by technological innovations and
strategic consolidations, the orthobiologics market
will continue to be in investors’ focus. The
orthobiologics market, valued at $5.4 billion in
2008 is expected to grow by 9.3% annually to reach
$7.5 billion by 2012. Orthobiologics is the fastest
growing segment within the orthopedic devices sector
with more than 100 products at different stages of
clinical development. Global Market Direct analysis
predict increased utilization of orthobiologics such
as bone morphogenic proteins and autologous growth
factors in orthopedic and spine surgeries to drive
segment growth in the next 5 years.

Biodegradable Implants To Bolster Growth In
Trauma Fixation

Biodegradable implants are set to drive growth of
the trauma fixation devices market which was valued
at $2.2 billion in 2008 and is expected to grow by
6.5% annually to reach $2.8 billion by 2012.
With at least 3 high potential biodegradable
implants under clinical development, the
technological landscape is set for significant
change within the trauma fixation devices market.
Superior technology, patient comfort and procedure
simplicity are expected to drive acceptance by
providers and purchasers.

Industry Consolidations Will Continue To Reshape
The Orthopedic Devices Competitive Landscape

The global orthopedic devices market is set to
see heightened consolidation activity, driven
primarily by Mergers & Acquisitions (M&As) in the
joint reconstruction, spinal surgery and
orthobiologics market segments. In 2007-08, a total
of 42 M&A deals were signed in the orthopedic
devices market with joint reconstruction, spine and
orthobiologics companies’ together accounting for
70% of the deal volume, according to Global Markets
Direct’s medical equipment deals database. The
recent devaluation in market worth of small and
mid-cap companies in the orthopedic device sector in
light of the financial crisis is expected to trigger
fresh bouts of consolidation in the next 3-5 year
period.

The Future Will See A Smaller Number of Patients
Going Under The Knife For Orthopedic Procedures

Innovations in minimally-invasive technologies
have enabled patients to now choose alternate
orthopedic procedures instead of the complex and
painful surgical procedures. The hip and knee
implants market is already witnessing this trend.
Knee and hip resurfacing are potential options for
those who are seeking a more conservative
alternative to total joint replacement. This
bone-conserving approach results in a better range
of motion and less risk of dislocation than
traditional total replacement. Increasing awareness
among patient groups and orthopedic surgeons’
familiarity greater with minimally invasive
procedure techniques is likely to positively impact
the growth dynamics of the orthopedic devices sector
in the next 5 years.

The Future of the Orthopedic Devices Market to
2012

Summary

The global orthopedic devices market, over the
years, has emerged as one of the most dynamic
industries in the medical equipment sector. The
industry in the recent past has seen a mega private
equity transaction, multiple large mergers, some
super large acquisition attempts, heavy patent
infringement payouts and multiple high value product
launches.
Global Markets Direct’s “The Future of the
Orthopedic Devices Market to 2012” report provides
key data, information and analysis on the global
orthopedic devices market. The report provides
market landscape, competitive landscape and market
trends information on 7 market categories including
joint reconstruction, spinal surgery, trauma
fixation, orthobiologics, orthopedic braces and
supports, orthopedic accessories, and orthopedic
diagnostic devices. The report provides
comprehensive information on the key trends
affecting these categories, and key analytical
content on the market dynamics. The report reviews
the competitive landscape in terms of mergers and
acquisitions, pipeline products and technology
offerings.

Scope

• The report covers data and analysis on the
orthopedic devices market in the leading geographies
of the world comprising of the United States,
Canada, UK, Germany, France, Italy, Spain, Japan,
China, India, Australia, and Brazil.
• The report covers global market size and company
share data for 7 orthopedic devices market
categories comprising of Orthobiologics, Joint
Reconstruction, Spinal Surgery, Trauma Fixation,
Arthroscopy, Orthopedic Accessories, and Orthopedic
Braces and Supports.
• Annualized market revenues data from 2000 to 2007,
forecast forward for 5 years to 2012.
• The report provides qualitative analysis of market
drivers, restraints, future outlook and challenges
by categories and segments.
• The report also covers information on the leading
market players, the competitive landscape, and the
leading pipeline products and technologies.
• Key topics covered include the global orthopedic
devices M&A landscape, global market landscape in
the nucleus replacement and gender-specific knees
markets and the hip resurfacing market dynamics in
the US.
• The report is built using data and information
sourced from proprietary databases, primary and
secondary research and in house analysis by Global
Markets Direct’s team of industry experts.