Navigation Links
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.

(Logo: http://photos.prnewswire.com/prnh/20130103/MM36799LOGO)

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 hyaluronic acid (HA) viscosupplementation, as patients increasingly opt for more convenient, and also more expensive, single-injection HA treatments. The cell concentration systems segment will also contribute to growth in the market.

Millennium Research Group's US Markets for Orthopedic Biomaterials 2013 report includes unit, average selling price and revenue information, along with market drivers and limiters and competitive landscape for BGS, hyaluronic acid viscosupplementation, machined bone interbody devices, and cell concentration systems in the United States.

About Millennium Research Group
Millennium Research Group (www.MRG.net), a Decision Resources Group company (www.DecisionResourcesGroup.com), is the global authority on medical technology market intelligence and the leading provider of strategic information to the healthcare sector. The company provides specialized industry expertise through multiclient market research, ongoing Marketrack™ projects, customer loyalty tracking, facility-level procedure forecasting, and customized solutions.

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

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

For more information, contact:

Christopher Comfort
Decision Resources Group
781-993-2597
ccomfort@dresources.com

Alex Jablokow
Millennium Research Group
617-599-8613
ajablokow@mrg.net

 


'/>"/>
SOURCE Millennium Research Group
Copyright©2012 PR Newswire.
All rights reserved

Related medicine technology :

1. Brazilian, Indian and Chinese Orthopedic Markets to See Strong Growth Through 2017
2. New Total Joint Replacement Registry From Remedy Informatics Aims to Enable Orthopedic Outcomes Research and Improve Quality for Hospitals and Orthopedic Surgery Groups
3. South and Central America Orthopedic Devices Market Outlook to 2018 - Arthroscopy, Cranio Maxillofacial Fixation (CMF), Hip Reconstruction, Knee Reconstruction, Spinal Surgery, Orthobiologics, Trauma Fixation and Others
4. Orthopedic Braces and Supports Market Outlook in BRICS (Brazil, Russia, India, China, South Africa) to 2018
5. Future Horizons in the Global Orthopedics Market
6. Brazil Orthopedic Devices Market Outlook to 2018 - Arthroscopy, Cranio Maxillofacial Fixation (CMF), Hip Reconstruction, Knee Reconstruction, Spinal Surgery, Orthobiologics, Trauma Fixation and Others
7. Japanese Market for Orthopedic Soft Tissue Repair & Sports Medicine
8. Breg, Inc. Renews Contract to Provide Orthopedic Products to OPGA Members
9. Mindray Medical Completes Acquisition of Dragonbios Orthopedics Business
10. U.S. Market for Orthopedic Braces & Support Devices 2012
11. European Markets for Orthopedic Soft Tissue & Sports Medicine 2012
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/11/2016)... DIEGO , Feb. 11, 2016 ... groundbreaking cell-isolation method that opens the door to ... until now have been impossible to isolate with ... to isolate specific tumor types in various stages ... genetic variants of these cells that are clinically ...
(Date:2/11/2016)... , Feb. 11, 2016  NanoViricides, Inc. (NYSE ... has entered into an agreement with the University ... drug candidates in standard animal models of ocular ... Research Director. Dr. Romanowski has extensive experience in ... --> Eric Romanowski , Research Director. ...
(Date:2/11/2016)... -- North America , Europe ... global market is expected to reach USD 20,190.1 Million by 2020 ... 10.2%. --> North America , ... The global market is expected to reach USD 20,190.1 Million by ... of 10.2%. --> According to a new market research ...
Breaking Medicine Technology:
(Date:2/11/2016)... ... February 11, 2016 , ... Life is known for throwing curves. ... and older, who gather once a year to play softball to raise money through ... game, the more than 50 players who competed in this year’s softball tournament share ...
(Date:2/11/2016)... ... ... Colorado spine surgeon, Donald Corenman, MD, DC has been selected by ... . The list consists of spine surgeons across the country nominated by their peers ... importance of clinical excellence; he has been awarded the Patient’s Choice Award, Compassionate Doctor ...
(Date:2/11/2016)... ... 2016 , ... Talix today announced that Clive Fields, MD, ... at the 2016 HIMSS Annual Conference & Exhibition, taking place February 29 – ... Coding for Care: Using Data Analytics for Risk Adjustment ,” Dr. Fields will ...
(Date:2/11/2016)... AR (PRWEB) , ... February 11, 2016 , ... Dickinson ... their community by announcing a new fundraiser in support of a local boy named ... hopes the campaign will bring awareness to, and rally support for, all local families ...
(Date:2/11/2016)... ... February 11, 2016 , ... Pixel Film Studios brings ... with customizable backdrops in the Christmas edition of the ProDrop series. Pick and choose ... audiences and invoke the spirit of Christmas using ProDrop's wintry generators. ProDrop Christmas is ...
Breaking Medicine News(10 mins):