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:5/26/2017)... ... 25, 2017 , ... Activate Healthcare, a leading provider of ... fastest growing private companies, has selected Twine for its Employee Health Activation Platform. ... transformative model that empowers deep collaboration and behavior change. In randomized controlled trials, ...
(Date:5/26/2017)... ... May 25, 2017 , ... Throughout this ... studies, describing how process development and economic goals were achieved in both industry ... a hollow-fiber bioreactor system, along with techniques for scaling production of mesenchymal stem ...
(Date:5/26/2017)... ... May 25, 2017 , ... Studying biological events ... occurrence. Live cell imaging using fluorescence microscopy is the perfect approach to explore ... microscopy methods will be discussed, from small animal models and tissues to individual ...
(Date:5/26/2017)... ... May 25, 2017 , ... LabRoots , the leading provider ... from around the world, is announcing a new textbook scholarship, the second scholarship in ... graduate students, 17 years or older, pursuing a degree in one of the life ...
Breaking Biology Technology:
(Date:5/23/2017)... May 23, 2017  Hunova, the first robotic gym for the rehabilitation ... officially launched in Genoa, Italy . The first 30 ... and the USA . The technology was developed and ... by the IIT spin-off Movendo Technology thanks to a 10 million euro ... Release, please click: ...
(Date:5/16/2017)... 2017  Veratad Technologies, LLC ( www.veratad.com ), an ... identity verification solutions, announced today they will participate as ... 15 thru May 17, 2017, in Washington ... Center. Identity impacts the lives of ... quickly evolving digital world, defining identity is critical to ...
(Date:5/16/2017)... May 16, 2017   Bridge Patient Portal ... and MD EMR Systems , an electronic ... for GE, have established a partnership to build ... and the GE Centricity™ products, including Centricity Practice ... These new integrations will allow healthcare ...
Breaking Biology News(10 mins):