Some new and widely used hip and knee technologies were reported to have no improvement over older implants and have higher revision rates.
According to a new orthopedic market research report by iData Research the U.S. knee and hip revision market is expected to grow to approximately $2 billion by 2020. This report covers hip and knee reconstruction market, bone cement market and vitamin E in hip and knee implants and forecast to 2020 (for full report segmentation a visit the report page). Growth is driven by the increased number of younger joint replacement patients in the last two decades who will now be receiving revision surgeries as their implants begin to fail. Implants are segmented according to the bearing material such as metal- on -metal (MoM), ceramic- on -ceramic (CoC), ceramic- on -polyethylene (CoP), ceramic- on -metal and metal-on-polyethylene (MoP).
“Since the high profile failure of some MoM bearings, newer introductions have been heavily scrutinized and a focus in the medical and political industry,” explains Dr. Kamran Zamanian, CEO of iData. This prompted the FDA to initiate a study to examine the efficacy and safety of five new and widely used implants used in major joint reconstruction surgeries. Research team led by Art Sedrakyan, Associate Professor at Weill Cornell Medical College in New York study concluded no convincing evidence supporting the use of the newer devices. Furthermore, higher revision rates were reported with three of the newer devices, used in both hip and knee replacement surgery.
They also determined that CoC did not improve function and had a higher revision rate, compared to older versions such as MoP and CoP. Although the increase in younger patients has driven the market for longer-wearing CoC bearings, concerns about squeaking noises and the increased rate of implant fractures will limit market growth. In contrast the MoP and the CoP market represented a majority share of the hip and knee reconstruction market and are expected to experience growth through to 2020.
For Further Information
The global series on the “Markets for Large Bone & Joint Orthopedic Devices” covering 20 countries including the U.S., Japan, India, China, Brazil and 15 countries in Europe. The full reports provide a comprehensive analysis including procedure numbers, units sold, market value, forecasts, as well as a detailed competitive market shares and analysis of major players’ success strategies in each market and segment. The reports also cover markets for: knee reconstruction, hip reconstruction and bone cement.
Receive a free synopsis of the U.S. Market for Large Bone & Joint Orthopedic Devices.