Year: 2010'
Publisher: GBI Research
Delivery: PDF
Published Date (dd/mm/yyyy): '07/06/2010
Pages: 118
Country:

The Future of Orthopedic Implants, Analysis and Forecasts to 2016 - Joint Reconstruction and Spinal Implants Creating Growth Opportunities

Summary

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 devices market. The report provides market landscape, competitive landscape and market trends information on four orthopedic devices market categories - joint reconstruction, spinal surgery, trauma fixation, and arthroscopy. 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.

Scope

- Key geographies covered include the US (United States), Canada, the UK (United Kingdom), Germany, France, Italy, Spain, Japan, China, India, Australia, and Brazil.
- Market size and company share data for four orthopedic devices market categories - joint reconstruction, spinal surgery, and trauma fixation.
- Annualized market revenues data from 2002 to 2009, forecast forward for 7 years to 2016. Company shares data for 2009.
- Qualitative analysis of key market trends, market drivers, and restraints by each category within the orthopedic devices market.
- The report also covers information on the leading market players, the competitive landscape, and the leading pipeline products and technologies.
- Key players covered include DePuy, Stryker, Zimmer, Synthes, Medtronic, Smith & Nephew, and Biomet

Reasons to buy

- Develop business strategies by understanding the trends and developments that are driving the orthopedic devices market globally.
- Design and develop your product development, marketing and sales strategies.
- Exploit M&A opportunities by identifying market players with the most innovative pipeline.
- Develop market-entry and market expansion strategies.
- Identify key players best positioned to take advantage of the emerging market opportunities.
- Exploit in-licensing and out-licensing opportunities by identifying products, most likely to ensure a robust return.
- What's the next being thing in the orthopedic devices market landscape? - Identify, understand and capitalize.
- Make more informed business decisions from the insightful and in-depth analysis of the global orthopedic devices market and the factors shaping it.

1 Table of Contents 4
1.1 List of Tables 7
1.2 List of Figures 8
2 Introduction 9
2.1 GBI Research Guidance 9
3 Disease Overview: Pathophysiology, Etiology, and Epidemiology 10
3.1 Arthritis 10
3.1.1 Introduction 10
3.1.2 Etiology, Disease Symptoms and Risk Factors 10
3.1.3 Pathophysiology 12
3.1.4 Epidemiology: Global 12
3.1.5 Arthritis: Device Based Treatment Modalities and their Outcomes 13
3.2 Spinal Disorders 14
3.2.1 Etiology, Disease Symptoms and Risk Factors 14
3.2.2 Pathophysiology 15
3.2.3 Epidemiology: Global 16
3.2.4 Spinal Disorders: Device Based Treatment Modalities 17
4 Global Orthopedic Implants Market: Market Characterization 19
4.1 Global Orthopedic Implants Market, Revenues ($ billion), 2002 - 2009 19
4.2 Global Orthopedic Implants Market, Revenue Forecasts ($ bn), 2009 - 2016 20
4.3 Global Orthopedic Implants Market, Key Company Shares (%), 2008 21
4.4 Global Orthopedic Implants Market, Key Market Trends 22
4.4.1 Younger Patients Undergoing Orthopedic Surgeries 22
4.4.2 Increasing Collaboration of Orthopedic Implants Companies and Companies Specializing In Computer Aided Surgery 22
4.4.3 Growing Wait Periods in Developed Countries Forcing Patients to Seek Treatment Overseas 22
4.5 Global Orthopedic Implants: Key Technology Trends 23
4.5.1 Minimal Invasive Surgery (MIS) 23
4.5.2 Computer Assisted Surgery 24
4.5.3 New Implant Materials Enhance Implant Performance and Biocompatibility 24
4.5.4 Implant Designs Offer Solutions for Various Anatomies and Improve Surgery Outcome 25
4.5.5 Motion Preservation Implants 26
4.6 Global Orthopedic Implants, Market Drivers 29
4.6.1 Economic Market Drivers 29
4.6.2 Demographic Market Drivers 29
4.6.3 Technology Market Drivers 31
4.6.4 Social Market Drivers 31
4.7 Global Orthopedic Implants, Market Restraints 32
4.7.1 Economic Market Restraints 32
4.7.2 Regulatory Restraints 32
4.7.3 Social Market Restraints 33
5 Global Orthopedic Implants Market: Market Category Analysis and Forecasts 34
5.1 Global Joint Reconstruction Market: Market Characterization 34
5.1.1 Global Joint Reconstruction Market, Revenues ($m), 2002-2009 34
5.1.2 Global Joint Reconstruction Market, Revenue Forecasts ($m), 2009-2016 35
5.1.3 Global Joint Reconstruction Market, Key Company Shares (%), 2008 36
5.1.4 Global Joint Reconstruction Market: Market Drivers 36
5.1.5 Global Joint Reconstruction Market: Market Restraints 38
5.2 Global Spinal Surgery Market: Market Characterization 40
5.2.1 Global Spinal Surgery Market, Revenues ($m), 2002 - 2009 40
5.2.2 Global Spinal Surgery Market, Revenue Forecasts ($m), 2009 - 2016 41
5.2.3 Global Spinal Surgery Market, Key Company Shares (%), 2008 42
5.2.4 Spinal Surgery Market: Market Drivers 42
5.2.5 Spinal Surgery Market: Market Restraints 44
5.3 Trauma Fixation: Market Characterization 46
5.3.1 Global Trauma Fixation, Revenues ($m), 2002 - 2009 46
5.3.2 Global Trauma Fixation, Revenue Forecasts ($m), 2009 - 2016 47
5.3.3 Global Trauma Fixation, Key Company Shares (%), 2008 48
5.3.4 Trauma Fixation: Market Drivers 48
5.3.5 Trauma Fixation: Market Restraints 50
6 Global Orthopedic Implants Market: Country Analysis and Forecasts 51
6.1 Market Characterization, North America, 2002 - 2016 52
6.1.1 The US Orthopedic Implants Market, Revenues ($m), 2002 - 2009 52
6.1.2 The US Orthopedic Implants Market, Revenues ($m), 2009 - 2016 53
6.1.3 Canada Orthopedic Implants Market, Revenues ($m), 2002 - 2009 54
6.1.4 Canada Orthopedic Implants Market, Revenues ($m), 2009 - 2016 55
6.1.5 North America Orthopedic Implants Market, Market Drivers 55
6.1.6 North America Orthopedic Implants Market, Market Restraints 56
6.2 Market Characterization, Europe, 2002 - 2016 57
6.2.1 The UK Orthopedic Implants Market, Revenues ($m), 2002 - 2009 57
6.2.2 The UK Orthopedic Implants Market, Revenues ($m), 2009 - 2016 58
6.2.3 Germany Orthopedic Implants Market, Revenues ($m), 2002 - 2009 59
6.2.4 Germany Orthopedic Implants Market, Revenues ($m), 2009 - 2016 60
6.2.5 France Orthopedic Implants Market, Revenues ($m), 2002 - 2009 61
6.2.6 France Orthopedic Implants Market, Revenues ($m), 2009 - 2016 62
6.2.7 Italy Orthopedic Implants Market, Revenues ($m), 2002 - 2009 63
6.2.8 Italy Orthopedic Implants Market, Revenues ($m), 2009 - 2016 64
6.2.9 Spain Orthopedic Implants Market, Revenues ($m), 2002 - 2009 65
6.2.10 Spain Orthopedic Implants Market, Revenues ($m), 2009 - 2016 66
6.2.11 Europe Orthopedic Implants Market, Market Drivers 66
6.2.12 Europe Orthopedic Implants Market, Market Restraints 67
6.3 Market Characterization, Asia Pacific, 2002 - 2016 68
6.3.1 Japan Orthopedic Implants Market, Revenues ($m), 2002 - 2009 68
6.3.2 Japan Orthopedic Implants Market, Revenues ($m), 2009 - 2016 69
6.3.3 China Orthopedic Implants Market, Revenues ($m), 2002 - 2009 70
6.3.4 China Orthopedic Implants Market, Revenues ($m), 2009 - 2016 71
6.3.5 India Orthopedic Implants Market, Revenues ($m), 2002 - 2009 72
6.3.6 India Orthopedic Implants Market, Revenues ($m), 2009 - 2016 73
6.3.7 Australia Orthopedic Implants Market, Revenues ($m), 2002 - 2009 74
6.3.8 Australia Orthopedic Implants Market, Revenues ($m), 2009 - 2016 75
6.3.9 Asia Pacific Orthopedic Implants Market, Market Drivers 75
6.3.10 Asia Pacific Orthopedic Implants Market, Market Restraints 76
6.4 Market Characterization, Brazil, 2002 - 2016 77
6.4.1 Brazil Orthopedic Implants Market, Revenues ($m), 2002 - 2009 77
6.4.2 Brazil Orthopedic Implants Market, Revenues ($m), 2009 - 2016 78
6.4.3 Brazil Orthopedic Implants Market, Market Drivers 78
6.4.4 Brazil Orthopedic Implants Market, Market Restraints 79
7 Global Orthopedic Implants Market: Competitive Assessment 80
7.1 Global Orthopedic Implants: Marketed Product Portfolio Assessment 81
7.1.1 Joint Reconstruction: Marketed Product Portfolio Assessment 81
7.1.2 Spinal Surgery: Marketed Product Portfolio Assessment 82
7.1.3 Trauma Fixation: Marketed Product Portfolio Assessment 83
7.2 Key Market Participants 83
7.2.1 DePuy, Inc. 83
7.2.2 Stryker Corporation 84
7.2.3 Zimmer Holdings, Inc. 85
7.2.4 Synthes 87
7.2.5 Smith & Nephew Plc 88
7.2.6 Medtronic, Inc. 89
7.2.7 Biomet, Inc. 90
8 Global Orthopedic Implants Market: Product Pipeline Analysis 93
8.1 Introduction 93
8.2 Pipeline Products Analysis: Joint Reconstruction 94
8.3 Profiles of Key Pipeline Products: Joint Reconstruction 95
8.3.1 Partial Knee Replacement 95
8.3.2 Hip Resufacing 96
8.3.3 Novel Implant Materials 96
8.3.4 Novel Implant Design 97
8.4 Pipeline Products Analysis: Spinal Surgery 98
8.5 Profiles of Key Pipeline Products: Spinal Surgery 99
8.5.1 Motion Preservation Implants 99
8.5.2 Implant Design 100
8.5.3 Implant Material 101
8.6 Pipeline Products Analysis: Trauma Fixation 102
8.7 Profiles of Key Pipeline Products: Trauma Fixation Devices 103
8.7.1 Non-Invasive Bone Growth Stimulators 103
8.7.2 Minimal Invasive Fixation 104
8.7.3 Implant Material 105
8.7.4 Implant Design 105
8.7.5 Drug Device Combinations 105
9 Global Orthopedic Implants Market: Deals Landscape Analysis 107
9.1 Deals by Type, 2006 - 2009 107
9.2 Mergers and Acquisitions by Value and Volume, 2007 - 2009 108
9.3 List of Mergers and Acquisitions in 2006-2009 109
9.4 Top 10 Acquisitions by Value, 2006-2009 110
9.4.1 Medtronic Acquires Kyphon 110
9.4.2 Smith & Nephew Acquires Plus Orthopedics Holding 110
9.4.3 Kyphon Acquires St. Francis Medical Technologies 110
9.4.4 Zimmer Holdings Acquires Abbott Spine from Abbott Laboratories 111
9.4.5 Orthofix Acquires Blackstone Medical 111
9.4.6 Regeneration Technologies Completes Acquisition of Tutogen Medical 111
9.4.7 Integra LifeSciences Holdings Acquires Theken Spine 112
9.4.8 Alphatec Spine Completes Acquisition Of Scient'x Groupe 112
9.4.9 NuVasive Acquires Cervitech 112
10 Appendix 113
10.1 Definitions 113
10.1.1 Joint Reconstruction 113
10.1.2 Spinal Surgery 114
10.1.3 Trauma Fixation 115
10.2 Acronyms 116
10.3 Methodology 116
10.3.1 Secondary Research 117
10.3.2 Primary Research 117
10.3.3 Models 117
10.3.4 Forecasts 118
10.3.5 Expert Panels 118
10.4 Contact Us 118
10.5 Disclaimer 118

1.1 List of Tables
Table 1: Orthopedic Implants Market, Global, Revenue ($ bn), 2002-2009 19
Table 2: Orthopedic Implants Market, Global, Revenue ($ bn), 2009-2016 20
Table 3: Orthopedic Implants Market, Global, Company Share ($m), 2008 21
Table 4: Joint Reconstruction Market, Global, Revenues ($m), 2002-2009 34
Table 5: Joint Reconstruction Market, Global, Revenue ($m), 2009-2016 35
Table 6: Joint Reconstruction Market, Global, Company Share (%),2008 36
Table 7: Spinal Surgery Market, Global, Revenues ($m), 2002-2009 40
Table 8: Spinal Surgery Market, Global, Revenue ($m), 2009-2016 41
Table 9: Spinal Surgery Market, Global, Company Share (%),2008 42
Table 10: Trauma Fixation, Global, Revenue ($m), 2002-2009 46
Table 11: Trauma Fixation, Global, Revenue ($m), 2009-2016 47
Table 12: Trauma Fixation, Global, Company Share (%),2008 48
Table 13: Orthopedic Implants Market, US, Revenue ($m), 2002-2009 52
Table 14: Orthopedic Implants Market, US, Revenue ($m), 2009-2016 53
Table 15: Orthopedic Implants Market, Canada, Revenue ($m), 2002-2009 54
Table 16: Orthopedic Implants Market, Canada, Revenue ($m), 2009-2016 55
Table 17: Orthopedic Implants Market, The UK, Revenue ($m), 2002-2009 57
Table 18: Orthopedic Implants Market, The UK, Revenue ($m), 2009-2016 58
Table 19: Orthopedic Implants Market, Germany, Revenue ($m), 2002-2009 59
Table 20: Orthopedic Implants Market, Germany, Revenue ($m), 2009-2016 60
Table 21: Orthopedic Implants Market, France, Revenue ($m), 2002-2009 61
Table 22: Orthopedic Implants Market, France, Revenue ($m), 2009-2016 62
Table 23: Orthopedic Implants Market, Italy, Revenue ($m), 2002-2009 63
Table 24: Orthopedic Implants Market, Italy, Revenue ($m), 2009-2016 64
Table 25: Orthopedic Implants Market, Spain, Revenue ($m), 2002-2009 65
Table 26: Orthopedic Implants Market, Spain, Revenue ($m), 2009-2016 66
Table 27: Orthopedic Implants Market, Japan, Revenue ($m), 2002-2009 68
Table 28: Orthopedic Implants Market, Japan, Revenue ($m), 2009-2016 69
Table 29: Orthopedic Implants Market, China, Revenue ($m), 2002-2009 70
Table 30: Orthopedic Implants Market, China, Revenue ($m), 2009-2016 71
Table 31: Orthopedic Implants Market, India, Revenue ($m), 2002-2009 72
Table 32: Orthopedic Implants Market, India, Revenue ($m), 2009-2016 73
Table 33: Orthopedic Implants Market, Australia, Revenue ($m), 2002-2009 74
Table 34: Orthopedic Implants Market, Australia, Revenue ($m), 2009-2016 75
Table 35: Orthopedic Implants Market, Brazil, Revenue ($m), 2002-2009 77
Table 36: Orthopedic Implants Market, Brazil, Revenue ($m), 2009-2016 78
Table 37: Pipeline Products, DePuy 84
Table 38: Pipeline Products, Stryker 85
Table 39: Pipeline Products, Zimmer 86
Table 40: Pipeline Products, Synthes 88
Table 41: Pipeline Products, Smith & Nephew 89
Table 42: Pipeline Products, Medtronic 90
Table 43: Pipeline Products, Biomet 91
Table 44: Orthopedic Implants Market, Global, Pipeline Products Analysis by Category 93
Table 45: Joint Reconstruction Market, Global, Pipeline Products Analysis 94
Table 46: Spinal Surgery Market, Global 98
Table 47: Trauma Fixation, Global, Pipeline Products 102
Table 48: Number of Deals By Type, Global Orthopedics Implants Market, 2006-2009 107
Table 49: Mergers and Acquisitions, Orthopedic Implants Market, 2006-2009, Part I 109
Table 50: Mergers and Acquisitions, Orthopedic Implants Market, 2006-2009, Part II 110

1.2 List of Figures
Figure 1: Device Based Treatment Modalities for Arthritis 13
Figure 2: Major Device Based Treatment Modalities for Spinal Disorders 17
Figure 3: Orthopedic Implants Market, Global, Revenue ($ bn), 2002-2009 19
Figure 4: Orthopedic Implants Market, Global, Revenue ($ bn), 2009-2016 20
Figure 5: Orthopedic Implants Market, Global, Company Share (%),2008 21
Figure 6: Global Orthopedic Implants Market, Key Market Trends 22
Figure 7: Global Orthopedic Implants Market, Key Technology Trends 23
Figure 8: Global Orthopedic Implants Market, Market Drivers and Restraints 28
Figure 9: Global Population Above 65 years of Age 30
Figure 10: Joint Reconstruction Market, Global, Revenues ($m), 2002-2009 34
Figure 11: Joint Reconstruction Market, Global, Revenue ($m), 2009-2016 35
Figure 12: Joint Reconstruction Market, Global, Company Share (%),2008 36
Figure 13: Spinal Surgery Market, Global, Revenues ($m), 2002-2009 40
Figure 14: Spinal Surgery Market, Global, Revenue ($m), 2009-2016 41
Figure 15: Spinal Surgery Market, Global, Company Share (%),2008 42
Figure 16: Trauma Fixation, Global, Revenues ($m), 2002-2009 46
Figure 17: Trauma Fixation, Global, Revenue ($m), 2009-2016 47
Figure 18: Trauma Fixation, Global, Company Share (%),2008 48
Figure 19: Orthopedic Implants Market, Global, Geographic Trends Analysis 51
Figure 20: Orthopedic Implants Market, US, Revenue ($m), 2002-2009 52
Figure 21: Orthopedic Implants Market, US, Revenue ($m), 2009-2016 53
Figure 22: Orthopedic Implants Market, Canada, Revenue ($m), 2002-2009 54
Figure 23: Orthopedic Implants Market, Canada, Revenue ($m), 2009-2016 55
Figure 24: Orthopedic Implants Market, The UK, Revenue ($m), 2002-2009 57
Figure 25: Orthopedic Implants Market, The UK, Revenue ($m), 2009-2016 58
Figure 26: Orthopedic Implants Market, Germany, Revenue ($m), 2002-2009 59
Figure 27: Orthopedic Implants Market, Germany, Revenue ($m), 2009-2016 60
Figure 28: Orthopedic Implants Market, France, Revenue ($m), 2002-2009 61
Figure 29: Orthopedic Implants Market, France, Revenue ($m), 2009-2016 62
Figure 30: Orthopedic Implants Market, Italy, Revenue ($m), 2002-2009 63
Figure 31: Orthopedic Implants Market, Italy, Revenue ($m), 2009-2016 64
Figure 32: Orthopedic Implants Market, Spain, Revenue ($m), 2002-2009 65
Figure 33: Orthopedic Implants Market, Spain, Revenue ($m), 2009-2016 66
Figure 34: Orthopedic Implants Market, Japan, Revenue ($m), 2002-2009 68
Figure 35: Orthopedic Implants Market, Japan, Revenue ($m), 2009-2016 69
Figure 36: Orthopedic Implants Market, China, Revenue ($m), 2002-2009 70
Figure 37: Orthopedic Implants Market, China, Revenue ($m), 2009-2016 71
Figure 38: Orthopedic Implants Market, India, Revenue ($m), 2002-2009 72
Figure 39: Orthopedic Implants Market, India, Revenue ($m), 2009-2016 73
Figure 40: Orthopedic Implants Market, Australia, Revenue ($m), 2002-2009 74
Figure 41: Orthopedic Implants Market, Australia, Revenue ($m), 2009-2016 75
Figure 42: Orthopedic Implants Market, Brazil, Revenue ($m), 2002-2009 77
Figure 43: Orthopedic Implants Market, Brazil, Revenue ($m), 2009-2016 78
Figure 44: Orthopedic Implants Market, Global, Competitive Assessment 80
Figure 45: Joint Reconstruction Market, Global, Marketed Product Portfolio Assessment 81
Figure 46: Spinal Surgery Market, Global, Marketed Product Portfolio Assessment 82
Figure 47: Spinal Surgery Market, Global, Marketed Product Portfolio Assessment 83
Figure 48: Orthopedic Implants Market, Global, Pipeline Products Analysis by Category 93
Figure 49: Joint Reconstruction Market, Global, Pipeline Products 94
Figure 50: Joint Reconstruction, Pipeline Analysis 95
Figure 51: Spinal Surgery Market, Global, Pipeline Products 98
Figure 52: Spinal Surgery, Pipeline Analysis 99
Figure 53: Trauma Fixation, Global, Pipeline Products 102
Figure 54: Trauma Fixation, Pipeline Analysis 103
Figure 55: Number of Deals By Type, Global Orthopedics Implants Market, 2006-2009 107
Figure 56: M&A By Value and Volume, Global Orthopedics Implant Market, Value ($m), 2007-2009 108
Figure 57: GBI Research Methodology 116

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.

Global Orthopedic Implants market set to boom in the next seven years driven by ageing population

Orthopedic Implants Market, Global, Revenue ($ bn), 2009-2016

Source: GBI Research

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.

Growing Incidence of Age Related Orthopedic Indications Such As Osteoarthritis, Spinal Disorders and Osteoporosis to Drive Procedure Volumes

Musculoskeletal problems are strongly associated with age. As the body ages, the bones and muscle tissue start degenerating, thus giving rise to various indications manifested by pain in joints and the back. These problems are especially acute for developing countries, where the percentage of adults over 65 years in the total population is rapidly increasing. The World Health Organization (WHO) estimates that by 2050, there will be approximately 2 billion elderly people living worldwide.

According to the WHO, osteoarthritis accounts for more than 50% of the musculoskeletal disease burden. In 2002, nearly 9.6% of the men, and 18% of the women above the age of 60 suffered from symptomatic osteoarthritis. Similarly, worldwide, there are a growing number of people suffering from back pain. The prevalence of back pain has been estimated to be the highest among middle age individuals ranging from 30 years to 50 years. The annual incidence of low back pain in the US and Europe has been found to be approximately 5% of the total population. 200 million people worldwide are at risk for a fragility fracture, and 40% of women and 14% of men older than 50 years will experience a fragility fracture. Many people who have had a fragility fracture will have another later in life. The number of patients who fracture their hip, a common form of fragility fracture, is expected to increase by 190% between 2000 and 2051.

A number of other factors are responsible for the growth in the incidence of musculoskeletal conditions. Urbanization and sedentary work have been linked with the rising incidence of back related problems. The lack of exercise and dietary changes are leading to a rise in the incidence of obesity, which is a major risk factor for the development of knee osteoarthritis and back pain. Smoking, to an extent, has also been associated with the loss of bone density, leading to an increased incidence of fractures.

These factors will result in a tremendous growth in the demand for orthopedic surgeries in the future.

DePuy, Stryker, Zimmer and Synthes Dominate the Global Orthopedic Implants Market

Orthopedic Implants Market, Global, Company Share (%),2008

Source: GBI Research

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.

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.

DePuy, Inc.
Stryker Corporation
Zimmer Holdings, Inc.
Synthes
Smith & Nephew Plc
Medtronic, Inc.
Biomet, Inc.