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Global Extremities (Shoulder and Small Joint Implants)
Global Extremities (Shoulder and Small Joint Implants)
Global Shoulder Replacement Remains the Key Growth Segment in the Extremities Market Driven by Increasing Surgeon Familiarity with the Procedure
Hyderabad,
AP,
India
(prbd.net)
28/09/2010
"Global Extremities (Shoulder and Small Joint Implants)Pipeline Analysis, Opportunity Assessment and Market Forecasts to 2016"
The global shoulder replacement market was valued at $578.9m in 2009, and is forecast to reach $1,062m in 2016, after growing at a Compound Annual Growth Rate (CAGR) of 9% during the period 2009-2016. The shoulder replacement market is expected to be driven by factors such as increasing surgeon familiarity with the procedure and the increasing interest of people in leading an active life. The global small joint implant market was valued at $214.5m in 2009 and is expected to reach $338.2m in 2016 after growing at a CAGR of 7% from 2009 to 2016. The growth in the extremities market is primarily being driven by the increasing incidence of arthritis, the increasing elderly population and obesity rates, advances in technology and the rising efforts of manufacturers to educate surgeons and increase patient awareness.
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The US small joint implants market was valued at $108.5m 2009 and is expected to reach $180m in 2016, after growing at a CAGR of 8% from 2009 to 2016. The US shoulder replacement market was valued at $270m in 2009 and is expected to reach $580.9m in 2016 after growing at CAGR of 12% during the forecast period of 2009-2016. The US remains the largest extremities market in the world. The extremities market in the US is expected to be driven by the increased penetration of well established players, the increasing incidence of arthritis, aging demographics, improvements in product features due to technological advances, patient acceptance of small joint implants and the growing number of younger patients going for small joint replacement.
The arthritic population is expected to grow in developing countries due to urbanization, which has resulted in people leading more sedentary lives and changes in diet, and lead to increasing obesity rates and consequently arthritis. The obesity rate has increased globally over the past few decades. Currently, more than one billion adults are overweight worldwide and at least 300 million of them are obese, which is a major risk factor for arthritis. In the US alone 31% of adult males and 33% of adult females are obese. About 155 million children worldwide are overweight out of which almost 30-45 million are obese.
GlobalData’s new report, “Extremities (Shoulder and Small Joint Implants) Pipeline Analysis, Opportunity Assessment and Market Forecasts to 2016” provides key data, information and analysis on the global extremities market. The report provides market landscape, competitive landscape and market trends information the extremities market. The report provides comprehensive information on the key trends affecting the market, and key analytical content on the market dynamics. The report also reviews the competitive landscape and technology offerings. This report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GlobalData’s team of industry experts.
For further details, please click or add the below link to your browser:
http://www.globaldata.com/REPORTSTORE/Report.aspx?ID=Extremities-(Shoulder-and-Small-Joint-Implants)-–-Global-Pipeline-Analysis-Opportunity-Assessment-and-Market-Forecasts-to-2016&ReportType=Industry_Report&coreindustry=Industry_Report&Title=Medical_Devices
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