Millennium Research Group (MRG) has conducted a detailed analysis of the US large-joint implant market. The analysis finds that one of the latest trends in the US knee implant market is the emergence of gender-specific knees, the introduction and promotion of which is expected to drive revenue growth over the next five years. Another trend in the largest segment of the US knee implant market -- primary total knee replacement (TKR) -- will be the expected launch of additional mobile bearing knees (MBKs). Part of a three-report series covering the US, Europe, and Japan, US Markets for Large-Joint Implants 2007 reports that by 2011, the US reconstructive knee implant market will be valued at over $5 billion.
In 2006, leading competitors like Stryker and Zimmer began promoting gender-specific knees, which are specifically designed to fit the unique anatomy of women, in the US. "With women accounting for a significant share of primary Total Knee Replacement (TKR) recipients, the continued introduction, promotion, and potential acceptance of these gender-specific implants is expected to drive overall reconstructive knee implant procedures in the US over the next five years," says Christina Mathew, Senior Analyst at MRG.
While DePuy was the only competitor with Food and Drug Administration approval to distribute MBKs in the US market in 2006, several leading implant manufacturers are expected to launch MBKs in the US over the next five years. The entry of the new MBKs will come with extensive marketing campaigns, and an initial rapid uptake into the TKR market is expected, particularly among younger orthopedic surgeons looking to distinguish themselves from their predecessors. The MBK segment will experience the highest growth in the US knee implant market over the next 5 years, reaching a value of over $900 million by 2011.
US Markets for Large-Joint Implants 2007 is the first of three new large- joint reports by MRG. The series also includes two additional reports -- European Markets for Large-Joint Reconstructive Implants 2007 and Japanese Markets for Large-Joint Reconstructive Implants 2007, which will be published in early 2007. This report includes coverage of key industry competitors, including Biomet (BMET), DePuy (JNJ), Disc-O-Tech, Encore Medical (ENMC), Exactech (EXAC), Hayes Medical, Ortho Development, Plus Orthopedics, Smith & Nephew (SNN), Stelkast, Stryker (SYK), Tornier, Wright Medical Technology (WMGI), and Zimmer (ZMH).
About Millennium Research Group
Millennium Research Group (http://www.mrg.net/), a Decision Resources, Inc. company (http://www.decisionresources.com/), is the global authority on medical technology market intelligence and a leading provider of strategic information to the health care sector. Focused solely on the medical device, pharmaceutical, and biotechnology industries, the company provides its clients with the benefits of its specialized industry expertise through published reports and customized consulting services.
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SOURCE: Millennium Research Group
CONTACT: Amy Krohn of Millennium Research Group, +1-416-364-7776 ext.