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Advanced Knee Implants Serve a Wider Patient Pool in North America Finds Frost & Sullivan - Manufacturers innovate to curb medical tourism diverted to emerging countries - MedicalDevices.Frost.com
Advanced Knee Implants Serve a Wider Patient Pool in North America Finds Frost & Sullivan

 

NewswireToday - /newswire/ - Mountain View, CA, United States, 2012/09/13 - Manufacturers innovate to curb medical tourism diverted to emerging countries - MedicalDevices.Frost.com.

   
 
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Constant product innovations are livening up the U.S. knee implants market, encouraging patients to opt for knee implant procedures. Furthermore, patients and surgeons are attracted to the reduced costs and higher reimbursements rates for advanced implants. To thrive in this fiercely competitive market, manufacturers must demonstrate quick time-to-market or differentiate their products through personalization.

New analysis from Frost & Sullivan’s (medicaldevices.frost.com) Analysis of the Knee Implants Market research finds that the market earned revenues of $4.42 billion in 2011 and estimates this to reach $5.49 billion in 2016.

If you are interested in more information on this research, please send an email to Britni Myers, Corporate Communications, at britni.myers[.]frost.com, with your full name, company name, job title, telephone number, company email address, company website, city, state and country.

Surgeons primarily seek implants that offer accurate fit, wear resistance, and rapid post-surgery recovery. Implant manufacturers are striving to develop products that meet these criteria, as their successful implantations reassure patients that are apprehensive about undergoing surgery, expanding the patient pool.

"As orthopedic surgeons become familiar with the latest technologies, they are more likely to adopt new knee implant procedures," said Frost & Sullivan Senior Research Analyst Aarti Shetty. "This is leading to better patient outcomes as well as improved surgery times."

While developing cutting-edge products, orthopedic manufactures also need to be mindful of the price of their implants in a sluggish economy. Patients are increasingly traveling to emerging countries for low-cost surgeries, expert care, the latest technology, and comfortable accommodation.

Most patients consider knee replacement surgeries elective and live with the discomfort until a cheaper alternative is available. While partial knee surgeries are a cost-effective substitute, manufacturers should look to develop technologies and products that prompt patients to opt for surgeries in the United States rather than travel abroad.

"Hospitals and surgeons prefer to conduct business with vendors for all their implant needs, so it is becoming important for orthopedic companies to become a one-stop shop," said Shetty. "Companies will also do well to develop surgical kits and orthobiologics so they can provide all the tools required for a knee implant surgery."

These proactive product development and differentiation efforts will go a long way in raising the overall revenues of the market.

Analysis of the Knee Implants Market is part of the Advanced Medical Technologies Growth Partnership Services program, which also includes research in the following markets:

• Analysis of the Hip Implants Market;
• South Korean Orthopedic Implant Market;
• Overview of Orthopedic Joint Replacement Market in India;
• Analysis of the Orthopedics Implant Market – Future of Joint Replacements.

All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan
Frost & Sullivan (frost.com), the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us: Start the discussion | Join Us: Join our community | Subscribe: Newsletter on "the next big thing" | Register: Gain access to visionary innovation

Analysis of the Knee Implants Market / NACC-54

 
 
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Advanced Knee Implants Serve a Wider Patient Pool in North America Finds Frost & Sullivan

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Publisher Contact: Britni Myers 
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