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World Orthopedic Devices Market - Investment Analysis and Growth OpportunitiesPublished by: Frost & Sullivan Published: May. 29, 2007 Table of Contents
AbstractThis Frost & Sullivan research service titled World Orthopedic Devices Market - Investment Analysis and Growth Opportunities provides an analysis of the key investment themes, industry economics, merger and acquisition history, initial public offerings and various valuation indicators of orthopedic devices companies. In this research service, Frost & Sullivan's expert analysts thoroughly examine the following segments: reconstructive devices, spinal implants, arthroscopy, orthobiologicals and growth factors, trauma/fixation, and soft goods and bracing.Healthy Growth Ahead for World Orthopedic Devices Market "Technological advancements and the huge potential of a specific geographic region, Asia, are the two biggest factors driving significant growth within the global orthopedic devices market," says the analyst of this research service. Another major factor positively influencing this market is the increasingly active lifestyle of aging baby boomers that represent a sizeable chunk of the population. There is substantial research and development (R&D) activity in the market and this also indicates a favorable growth trend. While revenues for pure-play participants registered a compound annual growth rate (CAGR) of 17.4 percent for the period 2002-2006, R&D expenditure for the same period recorded a higher growth of 18.4 percent. Increasing R&D expenditure is considered a key indicator of the future direction of the orthopedic market as it clearly points to sustained technological development and innovation. The spinal implants segment shows the most promise; it has been and is likely to continue being one of the fastest growing segments in the overall orthopedic devices market. Higher incidences of back pain and technological progress resulting in less invasive procedures and non-fusion technologies are creating a strong market for spinal devices. Frost & Sullivan estimates the spinal implants market in 2006 to be approximately $4.50 billion to $5.00 billion, growing at a CAGR of 15.9 percent for the period 2006-2011. Under-penetrated Asian Markets Hold Huge Revenue Growth Potential "Frost & Sullivan believes that Asia holds tremendous growth potential for orthopedic device manufacturers, owing to the fundamental population advantage enjoyed by this region," says the analyst. "Although the lack of affordability has not allowed countries such as China and India to realize their full potential, this is expected to change in the future due to reforms taking place in these countries’ health insurance markets." Asia accounts for more than 50.0 percent of the world’s ‘graying’ population, but its share of the global orthopedic devices market is comparatively little at approximately 10.0 percent. Within the region, Japan contributes to a majority of market revenues, indicating the immense potential for growth in relatively under-penetrated countries such as China and India. An analysis of the geographical revenues of leading pure-play orthopedic participants indicates that while revenues from the Americas demonstrated an increase of 15.7 percent for the period 2001-2006, Asia Pacific grew at a faster pace, recording an annual growth rate of 19.3 percent for the same period. With rising incomes and increased spending on healthcare, Asia is expected to continue to demonstrate strong growth in the future as well. Get Full Details About This Report >> |
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