Navigation Links
US Large-Joint Reconstructive Implant Market Grew 10% in 2007
Date:3/3/2008

Increased use of premium-priced products, including resurfacing hips and alternative bearing surface components, boosting growth, according to

Millennium Research Group

WALTHAM, Mass., March 3 /PRNewswire/ -- Millennium Research Group (MRG) estimates that the US large-joint reconstructive implant market grew almost 10% in 2007. Data from MRG's US Orthopedic Reconstructive Marketrack(TM) indicates that an uptake in higher-priced products, such as resurfacing hip implants and alternative bearing surface components, contributed to overall market growth. Premium product adoption was boosted by healthy procedural growth, further fueling revenues.

Use of resurfacing hip implants, which cost more than conventional hip implants, doubled in 2007. Additionally, alternative bearing surface technologies such as metal-on-metal hip components are increasing the average selling price (ASP) of hip components. Metal-on-metal acetabular components had an ASP nearly 25% higher than conventional poly components in 2007.

"Due to chronic athletic injuries, more people are receiving hip and knee implants at a younger age, increasing the likelihood of patients outliving their first implant," says Philip Scrutton, Analyst at Millennium Research Group. "Many patients are demanding solutions that will allow them to maintain an active lifestyle. Resurfacing implants are considered less invasive and preserve more bone, easing a revision procedure should one become necessary. Metal-on-metal components have the lowest wear rates among bearing surfaces, leading to longer implant life."

Millennium Research Group will be attending the American Academy of Orthopedic Surgeons annual meeting in San Francisco from March 5-7. Come to booth #1059 to discover how we can help you meet your needs.

About Orthopedic Reconstructive Marketrack(TM)

US Orthopedic Reconstruction Marketrack(TM) gathers quarterly data from orthopedic operating rooms across the US. Marketrack(TM) subscribers receive thousands of data points, including usage (units, average selling price, and revenue), procedure, competitor, and device brand information.

About Millennium Research Group

Millennium Research Group (http://www.MRG.net), a Decision Resources, Inc. company (http://www.DecisionResources.com), is the global authority on medical technology market intelligence and a leading provider of strategic information to the health care sector. Focused solely on the medical device, pharmaceutical, and biotechnology industries, the company provides its clients with the benefits of its specialized industry expertise through published reports and customized consulting services.

All company, brand, or product names contained in this document may be trademarks or registered trademarks of their respective holders.

For more information, contact:

Amy Krohn

Millennium Research Group

416-364-7776 x101

akrohn@mrg.net


'/>"/>
SOURCE Millennium Research Group
Copyright©2008 PR Newswire.
All rights reserved

Related biology technology :

1. Dental Implant Market Insights Webinar
2. Bone-growing nanomaterial could improve orthopaedic implants
3. Crux Biomedical Announces First Successful U.S. Implant of Its New Retrievable Inferior Vena Cava (IVC) Filter
4. Boston Scientific Announces European Approval of Next-Generation Implantable Defibrillator
5. Empire Genomics and Reprogenetics Join Forces to Improve Preimplantation Genetic Diagnosis (PGD)
6. BioMedical Enterprises, Inc. (BME) Receives FDA Clearance for Spine Use of Its Memory Metal Implants
7. Millennium Research Group Offers New Marketrack Service that Tracks European Dental Implant Market
8. RSB Spine, LLC Announces First Implantation of the InterPlate(TM) L for the Lumbar Spine
9. BioHorizons Announces Agreement to Purchase Implant Logic Systems
10. USC and second sight announce European clinical trial for Argus II retinal implant
11. STAAR Surgical Receives Approval to Market Visian(R) Toric Implantable Collamer Lens in China
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/24/2016)... ... , ... Researchers at the Universita Politecnica delle Marche in Ancona combed medical ... mesothelioma. Their findings are the subject of a new article on the Surviving Mesothelioma ... in the blood, lung fluid or tissue of mesothelioma patients that can help point ...
(Date:6/23/2016)... June 23, 2016 /PRNewswire/ - FACIT has announced ... biotechnology company, Propellon Therapeutics Inc. ("Propellon" ... commercialization of a portfolio of first-in-class WDR5 inhibitors ... such as WDR5 represent an exciting class of ... precision medicine for cancer patients. Substantial advances have ...
(Date:6/23/2016)... MONICA, Calif. , June 23, 2016  The Prostate Cancer Foundation ... pioneer increasingly precise treatments and faster cures for prostate cancer. Members of the ... institutions across 15 countries. Read More About the Class ... ... ...
(Date:6/23/2016)... (PRWEB) , ... June 23, 2016 , ... STACS DNA ... Technical Leader at the Arkansas State Crime Laboratory, has joined STACS DNA as a ... STACS DNA team,” said Jocelyn Tremblay, President and COO of STACS DNA. “In further ...
Breaking Biology Technology:
(Date:5/16/2016)... YORK , May 16, 2016   EyeLock ... solutions, today announced the opening of an IoT Center ... to strengthen and expand the development of embedded iris ... an unprecedented level of convenience and security with unmatched ... authenticate one,s identity aside from DNA. EyeLock,s platform uses ...
(Date:5/9/2016)... 9, 2016 Elevay is currently ... expanding freedom for high net worth professionals seeking travel ... globally connected world, there is still no substitute for ... duplicate sealing your deal with a firm handshake. This ... taking advantage of citizenship via investment programs like those ...
(Date:4/28/2016)... and BANGALORE, India , April 28, 2016 ... a product subsidiary of Infosys (NYSE: INFY ), ... a global partnership that will provide end customers ... mobile banking and payment services.      (Logo: ... innovation area for financial services, but it also plays a ...
Breaking Biology News(10 mins):