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US Orthopedic Biomaterial Market to Grow Strongly to $3.7 Billion by 2017
Date:1/30/2013

TORONTO, Jan. 30, 2013 /PRNewswire/ -- According to Millennium Research Group (MRG), the global authority on medical technology market intelligence, demographic trends, a resurgence in the bone graft substitute (BGS) segment will help the US orthopedic biomaterial market to grow strongly to nearly $3.7 billion by 2017.

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The BGS segment is still suffering from the effects of the sales decline of Medtronic's INFUSE product. Although it remains the highest-revenue product in this segment, INFUSE continues to face challenges associated with waning off-label use, which has historically made up a significant portion of the product's sales.

There will, however, be a resurgence in the growth factor market, which will be driven in part by increasing uptake of Advanced Biologics' OsteoAMP growth factor product, along with Wright Medical Technology's Augment and Cerapedics' i-Factor products. The latter two are expected to be approved and launched before 2017. Cost containment measures at hospitals will curb this resurgence, however, and many surgeons will opt to use lesser-expensive alternatives, including orthopedic stem cell products and second-generation synthetics.

"Although orthopedic stem cell products are facing some challenges in coverage due to a lack of robust clinical data, they will continue to see strong increases in use," said MRG Analyst Mashkur Reza. "With the launch of new products, such as Biomet's Cellentra, the demand for orthopedic stem cell products will continue to grow fairly strongly. Other competitors are more than likely to follow suit and will compete against the likes of Biomet and NuVasive, the latter of which leads the segment with its Osteocel product."

Through 2017, the fastest-growing segment in the US orthopedic biomaterials market will be hyalu
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SOURCE Millennium Research Group
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