Here are five things to know:
1. By 2022, the report estimates the market will total $33 billion.
2. The demand for implants is booming, with 325,000 U.S. patients undergoing total hip replacement surgery in 2015.
3. Warsaw, Ind.-based Zimmer Biomet is leading the market due to its Zimmer M/L taper hip prosthesis. The prosthesis has Kinectiv modular neck technology that allows surgeons to readily adjust the hip bone to fit the implant.
4. Factors fueling market growth include the growing U.S. aging population and strong demand and sales driving profit margins.
5. The report authors stated, “The use of the orthopedic implant represents a key milestone in reconstructive surgery. Implants have provided an opportunity to transform orthopedics. New materials and new designs are bringing that transformation forward. By furthering the growth of implant innovation, patients can get better treatment.”
More articles on devices:
Bioventus appoints John Nosenzo new chief commercial officer: 7 thoughts
Xtant Medical CEO Dan Goldberger resigns: 5 key points
FDA clears Camber Spine Technologies’ Siconus SI Joint Fixation System: 4 points
At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 11-13 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.
