Navigation Links
Chinese Imitations vs Medtronic and DePuy Synthes: Rapid Growth Expected in the Chinese Spinal Implant Market
Date:8/7/2014

Vancouver, BC (PRWEB) August 07, 2014

August 7, 2014 – Vancouver, BC – According to spinal implant market data released by iData Research (http://www.idataresearch.com), the open surgery spinal implant market in China is projected to be worth over $1 billion by 2019. While DePuy Synthes and Medtronic compete for this market’s top position, domestic competitors collectively threaten both companies by driving down selling prices. Local Chinese medical device providers do not face the same production and distribution costs that international superpowers like DePuy Synthes and Medtronic have to handle.

“Not all, but many local Chinese competitors in this market imitate imported device designs, despite patent laws,” explains Dr. Kamran Zamanian, CEO of iData. “These sell for a fraction of the cost of their imported equivalents and ultimately hold back the overall market value.” For more complex and dangerous spinal implant surgeries, Chinese surgeons tend to favor official DePuy Synthes and Medtronic products.
Other key findings from the iData Research report entitled Chinese and Taiwanese Markets for Spinal Implants:

Domestic Preferences for Degenerative Disease Treatment: Out of the total number of thoracolumbar spinal implant procedures performed in China, 75% were for the treatment of degenerative diseases. Domestically manufactured products are chosen frequently for the treatment of this type of indication, as it tends to involve a less complicated procedure.

Better Health Insurance Coverage: Not only are more Chinese citizens being covered by health insurance, but also more of them are expecting proper medical treatment. This cultural shift, combined with economic development, is one of the main drivers of the Chinese spinal implant market.

  •     Potential Loss in Consumer Confidence: Domestically produced spinal implants that imitate the designs of global market leaders may not be held to as high production standards. If an increased rate of surgical complication becomes apparent, especially in the delicate spinal region, consumers may lose confidence in all corrective spinal surgery products.

As a counter-measure, companies like Medtronic are starting to change their market strategy. The largest local competitor in China is Wei Gao; in 2007, Medtronic purchased 15% equity in this company. Then, in 2012, Medtronic acquired KangHui Holdings, a Chinese orthopedics company, for $816 million. The acquisition of KangHui specifically allows Medtronic to produce and sell lower-end products, which are in high demand in China. Other competitors in the Chinese spinal implant market include Stryker, Zimmer, B. Braun Aesculap, LDR, Paradigm Spine and Alphatec Spine.
For more information
The 2014 Asia-Pacific Spinal Implant and Vertebral Compression Fracture market report includes Spinal Fusion, Thoracolumbar Fixation, Cervical Artificial Disc, Interbody Fusion, Artificial Disc, Dynamic Stabilization and Vertebral Compression Fracture.

About iData Research
iData Research (http://www.idataresearch.com) is an international market research and consulting group focused on providing market intelligence for medical device and pharmaceutical companies. iData covers research in: Diabetes Drugs, Diabetes Devices, Pharmaceuticals, Anesthesiology, Wound Management, Orthopedics, Cardiovascular, Ophthalmics, Endoscopy, Gynecology, Urology and more.

Read the full story at http://www.prweb.com/releases/2014/08/prweb12078784.htm.


'/>"/>
Source: PRWeb
Copyright©2014 Vocus, Inc.
All rights reserved

Related medicine news :

1. Diagnostic Medical Imaging Equipment Industry Global and Chinese Analysis for 2009-2019 in New Research Report at RnRMarketResearch.com
2. Global and Chinese Tadalafil Industry 2009-2019 Market Research Report Now Available at LifeScienceIndustryResearch.com
3. Global and Chinese Dutasteride Industry (CAS 164656-23-9) 2019 Forecasts in New Research Report at ReportsnReports.com
4. Global and Chinese beta-Carotene Industry (CAS 7235-40-7) 2009-2019 Market Research Report Now Available at ReportsnReports.com
5. Global and Chinese Sildenafil Citrate Industry (CAS 171599-83-0) 2019 Forecasts in New Research Report at LifeScienceIndustryResearch.com
6. Chinese researchers describe impaired self-face recognition in those with major depressive disorder
7. Chinese Blood Product Industry Report 2014-2017 Focuses Plasma Volume & Stations Says A New Research Available at ChinaMarketResearchReports.com
8. UCLA addresses lost in translation issues in Chinese medicine
9. A novel transgenic mouse model of Chinese Charcot-Marie-Tooth disease type 2L
10. Ancient Chinese medicine put through its paces for pancreatic cancer
11. Sacramento Acupuncture and Traditional Chinese Medicine Specialists Tian Chao Herbs & Acupuncture Now Offering Massage Therapy
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/13/2016)... Canada (PRWEB) , ... February 13, 2016 , ... In ... foot forward. They’ll groom themselves to perfection, go out of their way to be ... date – just take a look at any online dating profile. , A ...
(Date:2/12/2016)... DC (PRWEB) , ... February ... ... Siemens Foundation today announced a new initiative—the Siemens Foundation-PATH Ingenuity Fellowships—to develop ... The partnership will recruit top students from U.S. universities who will draw ...
(Date:2/12/2016)... ... , ... As a former television executive, owner Tal Rabinowitz knows how stressful ... decompress, Rabinowitz found herself drawn to a casual meditation class while working at NBC ... implementing a 20-minute-per-day meditation practice with her team. After her tenure at NBC, she ...
(Date:2/12/2016)... , ... February 12, 2016 , ... Every winter, someone ... This winter the West Penn Burn Center, part of the Allegheny Health ... to bring you the “Space Heaters Need Space” campaign. , “Space ...
(Date:2/12/2016)... ... , ... Erlanger Agency has announced a new partnership in its ongoing community ... on the fight against breast cancer, fundraising for a local woman named Carmen, who ... Carmen is a loving single mother of two boys who also serves as caregiver ...
Breaking Medicine News(10 mins):
(Date:2/12/2016)... , Ungarn, February 12, 2016 ... das sich auf den ungedeckten medizinischen Bedarf ... positive Ergebnisse seines klinischen Forschungsprogramms bekannt. Das ... beschäftigt, ergab Verbesserungen ihrer respiratorischen Funktionen und ... ltd , ein Medizintechnikunternehmen, das sich auf ...
(Date:2/11/2016)... , Feb. 11, 2016 ... Diagnostics in Personalized Medicine and Cancer Therapy. - ... High-Growth Diagnostic Testing Markets. - Key Diagnostic Testing ... - Molecular Diagnostics in Genetic Testing. - Molecular ... Markets. - Over-the-Counter Diagnostic Products World Markets. ...
(Date:2/11/2016)... Stem cells are primitive cells found in ... the capacity to differentiate into mature cell types Stem ... first mouse embryonic stem cells were derived from embryos ... the first culturing of embryonic stem cells from non-human ... until 2006 As a result of these discoveries, stem ...
Breaking Medicine Technology: