Navigation Links
Job Loss Means Fewer Americans Have Health Care Coverage: How Will the Economic Downturn Affect the Small-Joint Implant Market?

Procedure growth and average selling prices to be affected into 2010, according to Millennium Research Group

WALTHAM, Mass., March 24 /PRNewswire/ -- According to Millennium Research Group's (MRG's) US Markets for Small-Joint Implants 2009 report, which includes arthroplasty implants (shoulder, elbow, digit, ankle, and wrist) and arthrodesis devices (ankle, digit, and wrist), the double-digit market growth seen in recent years will continue despite the global economic downturn. Although the current recession will reduce growth in procedure volumes and average selling prices (ASPs) through 2010, the US small-joint implant market will grow to almost $900 million by 2013.

Given the level of job loss in the US over the past several months and the subsequent loss in health care coverage, procedure growth across many implant segments will be negatively affected. Nevertheless, although a continued lack of confidence for a quick economic recovery is leading to slight deferment in small-joint procedures, growth will remain positive and will continue to increase gradually in most segments.

ASP growth for small-joint implants will also be limited as a result of the global economic slowdown. As healthcare budgets are cut by private insurers, government insurers, and hospitals, device manufacturers will be forced to adjust prices in order to maintain share.

"Once the economy recovers, numbers will pick back up. We're seeing an almost 14% compound annual growth in market revenues through 2013," says Kevin Flewwelling, Manager of the Orthopedics division at MRG. "With the COBRA act and President Obama's 65% COBRA subsidy, we expect the economic downturn to only have a minimal effect on the long-term outlook of the small-joint implant market."

MRG's US Markets for Small-Joint Implants 2009 report provides coverage of key industry competitors, including Ascension Orthopedics, Biomet, DePuy, Integra LifeSciences, Small Bone Innovations, Stryker, Synthes, Tornier, Wright Medical Technologies, Zimmer, and many more.

About Millennium Research Group

Millennium Research Group (, a Decision Resources, Inc. company (, is the global authority on medical technology market intelligence and the leading provider of strategic information to the health care sector. The company provides specialized industry expertise through published reports, ongoing Marketrack(TM) projects, and customized solutions.

About Decision Resources, Inc.

Decision Resources, Inc. is a cohesive portfolio of companies that offers best-in-class, high-value information, and insights on important sectors of the health care industry. Clients rely on this analysis and data to make informed decisions. Please visit Decision Resources, Inc. at

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

    Elizabeth Marshall
    Decision Resources Inc.

SOURCE Millennium Research Group
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. Coalition to Protect Senior Care Urges House Ways and Means Panel to Reject MedPAC Recommendations on SNF Medicare Funding
2. Mardi Gras Gives Everyone a Big Fat Break Because Carnival Means So Long to Meat
3. Mardi Gras Gives Everyone a Big Fat Break Because Carnival Means "So Long" to Meat
4. Scientists Create New Means to Study Disease Origins
5. Patient Care Means Employee Care at Illinois Hospitals
6. Economic Downturn Means Increased Demands on Budget-Challenged State Health Coverage Initiatives
7. Traditional Medicare vs. Medicare Advantage Plans: Allsup Finds Knowing the Differences Means Savings for People with Disabilities
8. Academic Medicine Means Business for Ohio: $37.2 Billion Economic Impact for the State
9. For Women, a Happy Marriage Means Sweet Dreams
10. I do not see it, but my brain knows what it means
11. Eat Your Vegetables - That Means You, Parents!
Post Your Comments:
(Date:6/26/2016)... ... June 26, 2016 , ... On June 10-11, 2016, A Forever Recovery, a ... and World’s Longest Breakfast Table in Battle Creek, MI, where the rehabilitation facility is ... to some of the world’s leading providers of cereal and other breakfast foods. Its ...
(Date:6/25/2016)... ... June 25, 2016 , ... Experts from the ... AcademyHealth’s Annual Research Meeting June 26-28, 2016, at the Hynes Convention Center in ... topics including advance care planning, healthcare costs and patient and family engagement. , ...
(Date:6/25/2016)... ... June 25, 2016 , ... As a lifelong Southern Californian, Dr. Omkar Marathe ... from the David Geffen School of Medicine at UCLA. He trained in Internal Medicine ... his fellowship in hematology/oncology at the UCLA-Olive View-Cedars Sinai program where he had the ...
(Date:6/24/2016)... ... 2016 , ... Those who have experienced traumatic events may suffer from a ... such as drug or alcohol abuse, as a coping mechanism. To avoid this pain ... following a traumatic event. , Trauma sufferers tend to feel a range of emotions, ...
(Date:6/24/2016)... San Francisco, CA (PRWEB) , ... June 24, ... ... at CitiDent, is now offering micro-osteoperforation for accelerated orthodontic treatment. Dr. Cheng has ... , self-ligating Damon brackets , AcceleDent, and accelerated osteogenic orthodontics. , ...
Breaking Medicine News(10 mins):
(Date:6/23/2016)... 23, 2016 , , , ... 7, 2016 , , , , LOCATION: , , , ... , , , EXPERT PANELISTS:  , , , Frost & Sullivan,s ... Christi Bird; Senior Industry Analyst, Divyaa Ravishankar and Unmesh Lal, Program ... global pharmaceutical industry is witnessing an exceptional era. Several new demand ...
(Date:6/23/2016)... Revolutionary technology includes multi-speaker listening to conquer ... in advanced audiology and hearing aid technology, has today ... world,s first internet connected hearing aid that opens up ...      (Photo: ) , ... , TwinLink™ - the first dual communication ...
(Date:6/23/2016)... , June 23, 2016 Research ... "Surgical Procedure Volumes: Global Analysis (United States, China, Japan, ... report to their offering. ... tool for healthcare business planners, provides surgical procedure volume ... surgery trends with an in-depth analysis of growth drivers ...
Breaking Medicine Technology: