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News

US large-joint reconstructive implant market sees 10 percent growth in 2007

Millennium Research Group : 04 March, 2008  (New Product)
The US large-joint reconstructive implant market grew by almost 10 percent in 2007 according to Millennium Research Group (MRG).
Data from MRG's US Orthopedic Reconstructive Marketrack 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 fuelling 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 percent 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,' said 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.'
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