What's the future of the global joint repair market: 5 key notes

Spinal Tech

The future of the global joint repair market is in sports medicine, point-of-care tests and robotic assisted surgeries, according to a report from P&S Market Research.

Here's what you should know.

 

1. The firm forecasts that point-of-care testing will drive growth through 2020. Point-of-care testing involves using a wide range of products for diagnostic use. The testing can control metabolic sports and conditioning.

 

2. The majority of applications for the joint repair device market are in robotic assisted surgery. By allowing for minimally invasive procedures, length of stay decreases creating cost savings.

 

3. Sports injuries comprise 14 percent of all injuries annually, and should continue to drive growth in the market through 2020.

 

4. The market consists of two device segments: therapeutic and surgical devices. Surgical devices consist of arthroscopic devices and joint implants. Therapeutics includes devices like wraps, tapes, temperature-based therapies and alcoholic hand rub.

 

5. Some of the major market competitors include: Anika Therapeutics, Wright Medical Technology and Ceterix Orthopaedics.

 

More orthopedic/spinal device news:
Providence Medical Technology receives $10.5M new equity financing — 5 points
Stavros Vizirgianakis to lead Misonix as new president, CEO: 5 things to now
NuVasive US Commercial President Matthew Link sells 10.3k shares: 5 key points 

Copyright © 2023 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Webinars

Featured Podcast

Featured Whitepapers