Joint down, spine up: Trends in orthopedics (MassDevice)
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Group purchasing organization Novation reports on recent trends in orthopedic products, finding upward momentum in spinal devices but slowing growth in U.S. joint markets.
U.S. orthopedics makers faced ups and downs in recent years as the spinal products market continued to expand and growth in hip and knee joint products slowed, according to group purchasing organization Novation.
The total joint market grew by 3.2% between 2009 and 2010, a "sharp decline" from growth of 5.3% the prior year.
Meanwhile, the spinal products market grew by 3.9% between 2010 and 2011 and is expected to grow 2.7% annually to hit $7 billion by 2017, according to the report.
"Growth in the spine market is largely driven by motion preservation devices, most notably artificial discs, as well as growth in all aspects of minimally invasive surgery," Novation noted. "Traditional fusion markets are expected to remain flat and to eventually decline in value during the next several years as motion preservation and MIS procedures become increasingly common."
Novation also reported optimistic expectations for orthobiol...
