| |
Newsroom /
Medical
/
Medical
/
Global Orthopedic Devices Pipeline Landscape: Analysis of Key Upcoming Products and Technologies
Global Orthopedic Devices Pipeline Landscape: Analysis of Key Upcoming Products and Technologies
The Aging Population of the World to Form a Huge Patient Pool for Orthopedic Surgery
Hyderabad,
AP,
India
(prbd.net)
29/04/2010
"Global Orthopedic Devices Pipeline Landscape: Analysis of Key Upcoming Products and Technologies"
The world’s population is rapidly aging due to an average increase in life expectancy over the last century. This aging population is leading to an increase in chronic diseases, of which orthopedic diseases top the charts. The prevalence of orthopedic diseases such as osteoarthritis, osteoporosis and degenerative disc diseases (DDDs), for example, have increased over the last 20 years and are still growing. This large pool of the aging population, especially in the developed economies, is expected to translate into a large patient pool for orthopedic surgeries.
The global orthopedic pipeline currently has approximately 600 products in the various stages of development. When distributed between four broadly classified types of spinal surgery products, joint reconstruction products, orthobiologics and trauma fixation, spinal surgery has the highest amount of research and development (R&D) investments. Spinal surgery constitutes to nearly 45% of the overall product pipeline for orthopedic devices in 2009.
Knee replacements will continue to remain the largest segment in the global joint reconstruction market. The knee replacement market is forecast to grow with a Compound Annual Growth Rate (CAGR) of 9% during 2009 – 2016 and reach a value of 13.5 billion in 2016. The fastest growing segments in the joint reconstruction category during 2009 – 2016 will be shoulder and elbow replacement. The increasing use of arthroscopic elbow replacement and shoulder replacement for sports injuries is the primary factor driving future growth in this market. Also, the current product pipeline for small joint replacement has some very innovative products that promise to increase clinical outcome and reduce the complexity of procedures, which will aid in the market penetration of the small joint products in the future.
While the leading orthopedic device manufacturers continue to be impacted by economic and regulatory challenges, factors such as increasing Research and Development (R&D) costs, a shortening product pipeline and increasing competition from small and medium-sized companies are putting additional pressure on these manufacturers to stay competitive and remain profitable. Considering the ever-expanding competitive landscape, it is important to have a thorough analysis and intelligent insight on the key orthopedic pipeline devices expected to bring in dynamism in the market. GlobalData’s new report, “Global Orthopedic Devices Pipeline Landscape: Analysis of Key Upcoming Products and Technologies” provides key data, information and analysis on the key orthopedic pipeline devices expected to hit the market in the next seven years. The report also provides information on the market potential, market scope and expected market penetration of these products. It also identifies and reviews the existing competing technologies and the likely impact of the launch on the competitive landscape.
visit our report store: http://www.globaldata.com/reportstore
About
GlobalData is a global market intelligence services company providing information research and analysis products and services.
|