TechNavio today launched its report, Global Orthopedic Prosthetics Market 2011-2015, based on an in-depth analysis covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers’ understanding of the significant trends impacting this market.
Commenting on the report, an analyst from TechNavio’s Healthcare team said: ”The Global Orthopedic Prosthetics market is currently witnessing a significant increase in the number of product approvals. For instance, Smith & Nephew plc received 510k clearance in 2011 from the Food and Drug Administration (FDA) for product claims related to the VERILAST technology in 2010. Also, DePuy Inc. received FDA approval for its new AOX Antioxidant Polyethylene in December 2011. Further, DePuy received FDA approval for PINNACLE Complete Acetabular Hip System in June 2011. The company also received FDA clearance for the A.L.P.S. Total Foot System and the AFFIXUS Hip Fracture Nail System in March 2011. In addition, it received FDA clearance for the RECLAIM Revision Femoral Hip System in February 2011.”
According to the report, a majority of the growth of the Global Orthopedic Prosthetics market is expected to stem from the APAC region. Japan showed promising market growth in 2011 and was the third largest revenue contributor in the Global Orthopedic Prosthetics market. The large populations in China and India also provide the market with good potential for growth in the APAC region during the forecast period. Furthermore, several vendors in the market are focusing on Korea and Singapore to expand their market shares. As a result, the market in the APAC region is expected to grow massively during the forecast period.
Further, the report reveals that one of the major challenges in this market is the low public awareness about orthopedic treatments, particularly in developing countries in the APAC region.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-orthopedic-prosthetics-market-20…
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic market research reports on niche and emerging technologies. For more information on our Healthcare market research, please visit https://www.technavio.com/healthcare
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TechNavio Announces the Publication of its Research Report – Global Orthopedic Prosthetics Market 2011-2015
