WALTHAM, Mass., Nov. 4 According to Millennium Research Group (MRG), the global authority on medical technology market intelligence, the European market for small-joint reconstructive implants will double by 2014, reaching almost $360 million. MRG's European Markets for Small-Joint Reconstructive Implants 2009 report finds that as new product designs emerge and device manufacturers focus more aggressively on sales and marketing, public awareness of the treatments and products available will improve, which in turn will prompt more patients to consult their physicians and ultimately undergo small-joint reconstructive procedures.
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In recent years, the European market for reconstructive hip and knee implants has grown rapidly and is now maturing. Manufacturers will increasingly focus on the small-joint reconstructive implant market in order to continue to boost their revenues. For example, companies will design and produce new implants such as modular shoulder implants and reverse fracture implants. Because a relatively small number of products were available in this market in 2009, the release of novel implant technologies will support market expansion over the next five years.
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"New product launches will be accompanied by greater sales and marketing activity, along with increased surgeon training," says Melissa Hussey, Analyst at MRG. "As a result, awareness will rise among potential patients, and more surgeons will gain proficiency in performing the procedures, increasing the accessibility of these treatments for patients. These marketing initiatives will drive demand and therefore market expansion through 2014."
MRG's new report, European Markets for Small-Joint Reconstructive Implants 2009, provides critical insight into emerging trends that will fuel product adoption and market growth for shoulder, elbow, wrist, ankle, and digit reconstructive implants through 2014 in France, Germany, Italy, and the UK. Additionally, the report provides complete breakdowns of small-joint reconstructive implant procedures, average selling prices, and revenues by device type. Further detail is provided in the thorough examination of trends in the use of primary total, partial, reverse, revision, and resurfacing shoulder implants, as well as mobile and fixed bearing ankle implants, and total and radial head elbow implants. This report includes five-year forecasts, up-to-date market shares, and in-depth qualitative insights.
About Millennium Research Group
Millennium Research Group (www.MRG.net), a Decision Resources, Inc. company (www.DecisionResourcesInc.com), is the global authority on medical technology market intelligence and the leading provider of strategic information to the healthcare sector. The company provides specialized industry expertise through multiclient market research, ongoing Marketrack(TM) projects, customer loyalty tracking, facility-level procedure forecasting, and customized solutions.
About Decision Resources, Inc.
Decision Resources, Inc. is a cohesive portfolio of companies that offers best-in-class, high-value information, and insights on important sectors of the healthcare industry. Clients rely on this analysis and data to make informed decisions. Please visit Decision Resources, Inc. at www.DecisionResourcesInc.com.
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For more information, contact: Amy Krohn Millennium Research Group 416-364-7776 ext. 101 [email protected] Elizabeth Marshall Decision Resources Inc. 781-296-2563 [email protected]
SOURCE Millennium Research Group
