Analysis on the development of the hottest global

Analysis of the development of the global orthopedic device market

with the aggravation of the aging of the world population and the increasing number of people injured by participating in fierce sports, in recent years, the orthopedic device market has developed rapidly at an unprecedented speed, thus injecting a strong boost into the global medical device market

the latest statistical data released by frost Sullivan, a famous American consulting company, shows that at present, orthosis and impact strength will also improve, and the sales of mechanical products account for about 10% of the total sales of the global medical device market; The total sales volume of the world orthopedic device market this year will exceed US $40billion; By 2015, it will reach US $54.6 billion. The United States and Europe together account for 70% of the world orthopedic device market. In 2006, the total sales volume of orthopedic devices in the United States was US $12.2 billion and US $15.4 billion in 2008. The total sales of the European orthopedic device market in the past two years were US $8.43 billion and US $10.9 billion respectively. With the aging of the population in the Asia Pacific region and the continuous development of the national economy, it has become a hot market for orthopedic devices

orthopedic devices are the general term of a large class of medical devices, including hundreds of products such as various artificial joints (artificial knee joint, artificial femoral joint and artificial condyle joint), implantable spinal correction devices, prosthetics, orthopedic bandages, and denture materials. Among them, implantable spinal orthopedic devices and artificial joints are two categories of best-selling products in the orthopedic device market

implantable spinal orthopedic devices

degenerative diseases of spinal diseases (such as intervertebral disc herniation, spinal fracture and sports spinal injury, etc.) often affect patients' walking and daily life. In addition, in recent years, a large number of young people around the world participate in intense sports, such as basketball, alpine skiing, mountain biking, etc., resulting in a significant increase in the incidence of spinal injuries. And with the sharp increase in the number of drivers and the frequent occurrence of road traffic accidents, the number of spinal injuries caused by car accidents is also increasing. If the spinal disease is not treated in time, serious cases may cause paralysis

the perpendicularity of the force axis after the connection of the force point end of the lever and the lower connecting piece of the tensile testing machine, the levelness of the lever body and the mass error of the supporting weight of the lever are the additional uncertainties introduced by the standard appliance of the force measuring lever in the process of calibrating the tensile testing machine. As early as 20 years ago, Western medical instrument companies invented the stainless steel/titanium steel spinal implant orthopedic instrument products. These products can help some patients with spinal fractures stand up and walk again. At present, there are a wide variety of implantable spinal orthopedic devices on the market, including (artificial intervertebral disc) fusion devices, compressive spinal fracture orthopedic devices, spinal electrical stimulation devices, spinal fracture fixation devices (such as spinal nails, bolts, etc.), motion preserving implant devices, etc. In 2008, the total sales of implantable spinal orthopedic devices in the United States reached US $4.75 billion, an increase of 10% over the previous year. The market size of implantable spinal orthopedic devices in Europe is slightly smaller than that in the United States (about $4 billion to $4.2 billion). It is noteworthy that in recent years, Australia, Canada, Hong Kong, Japan, Malaysia, Singapore, India, South Korea, Taiwan, China and other regions have become emerging markets for implantable spinal orthopedic devices. The average annual growth rate of these markets is as high as 9%. The total sales of implantable spinal orthopedic devices in the Asia Pacific region account for about 25% of the total sales of the global implantable spinal orthopedic devices market

in recent years, with the rapid development of bioengineering technology, the United States and other major medical device manufacturers have developed artificial intervertebral discs made of new bioengineering materials. This product can be used to replace the severely damaged and ruptured intervertebral disc, so that the patients with intervertebral disc herniation who were unable to move on the ground can recover their walking ability. This high value-added implantable orthopedic device product has become a new growth point in the orthopedic device market. Due to the tens of millions of patients with intervertebral disc herniation around the world, industry insiders predict that the market growth rate of this new product will reach 9.5% in the next few years

the second hot market:

artificial joint

artificial joint is a large category of products in orthopedic instruments. In recent years, the development speed of artificial joint market is very amazing. In 2005, the total sales volume of the global artificial joint market reached US $9.4 billion; In 2008, it increased to US $12.3 billion; It is expected that the total sales volume of the global artificial joint market will exceed 14billion US dollars this year. Since 2000, the annual growth rate of the American artificial joint market has always maintained at about 8.9%. By 2012, the market sales of artificial joints in the United States are expected to reach $9billion. In 2008, the total sales of artificial joint market in five European and American developed countries, Germany, Britain, France, Italy and Switzerland, reached 2.3 billion euros (about 3billion dollars). Combined with the sales of artificial joints in other European countries, the total sales of artificial joint market in Europe last year was between 4.5 billion and 5 billion dollars

the products with the largest sales volume in artificial joints are artificial knee joints and artificial femoral joints. The replacement amount of these two kinds of artificial joints accounts for about 90% of the total replacement amount of artificial joints. At present, the artificial knee joint and artificial femoral joint produced by Zimmer, depyuy, strykor group, Biomet and Smith nephew, the five leading medical device companies in the world in artificial joint production technology, account for 90% of the global artificial joint market. Many hospitals in most countries in the Asia Pacific region, including China, use the artificial joint products produced by these big companies

at present, the artificial joint has developed from the early wear-resistant stainless steel joint to today's "permanent artificial joint" made of high-performance materials (such as silicon carbide and other high hardness ceramic materials). In 2008, the United States launched two new artificial joint products that provide beneficial resources. They are made of ceramic materials for aerospace and aluminum zirconium alloy materials respectively. According to the International Journal of medical devices, the artificial joints made of these two new materials not only have high hardness, wear resistance, impact resistance and high temperature stability, but also have good human biocompatibility. In addition, some developed countries are stepping up the development of a new generation of aluminum alloy polycrystalline alloy materials with iridium metal components. The use of artificial thermoplastic materials made of such high-performance materials is limited to small parts, which not only greatly improves the hardness, but also has better wear resistance and biocompatibility than existing materials, and its weight is closer to bone and joints, and has better compatibility with human body. Foreign medical device experts said that the advent of new artificial joint products with high bionics will greatly promote the development of the world orthopedic device market

in addition, industry analysts believe that babies born during the baby boom after World War II are now in their old age, and they are the largest potential consumers of artificial joints. China, India and other Asian countries with large populations will become the rapidly growing artificial joint market