DePuy Synthes, Wright Medical Lead US Market for Orthopedic Small Bone and Joint Devices Due to Increased Foot & Ankle Procedures (press release)
According to a new series of reports on the U.S. market for orthopedic small bone and joint devices by iData Research (www.idataresearch.com), growth in the market is led by the foot & ankle device and shoulder reconstruction device segments. The fastest growing segment is the foot & ankle market, which grew roughly 9% in 2016. The foot & ankle device market features by far the greatest number of procedures, but many of them use relatively inexpensive implants. There is a trend towards arthroplasty devices over arthrodesis, which carries a higher average selling price (ASP) such as with ankle replacement over fusion and the treatment of hammertoe with implants over K-wires. This shifts in product preference are propelling the foot & ankle market's growth due to the adoption of devices with higher ASPs.
"As the U.S. small bone and joint orthopedic market is adapting to the needs of the aging population, there is a need for regular updates, revisions, and brand-new products being introduced to the market," explai...
