medisourceasia.com Global Trends

About 
MediSource Asia

Newsletter

Industry News
Global Trends
Events Calendar
Web Links

Web Gallery

Career Centre

Advertising  Info

Contact

Aging Baby Boomer Population Presents Considerable Growth Potential for European Orthopaedic Implant Market

 

Changing demographics are driving Europe's orthopaedic implant market. As Europe's population ages rapidly, a number of age-related conditions, including orthopaedic problems, will underpin an increase in the number of implant surgeries. This will augment growth rates in the European orthopaedic implants market.

Frost & Sullivan finds that the European Orthopaedic Implants Market earned revenues of $2.50 billion in 2005.

"In conjunction with the region's population aging, the number of arthritis problems are increasing, leading to enhanced demand for orthopaedic implants," notes Frost & Sullivan Research Analyst Harini Subramani. "Moreover, sports-related injuries among the younger population group are acting as a major driver in market expansion."

At present, reimbursement and cost pressures pose the biggest challenges to market growth. Healthcare budgetary constraints are affecting the manufacturers and creating a tense market situation.

"Across Europe, there is a downward pressure to cut costs," explains Ms. Subramani. "But given the fixed costs of manufacturing implants, it is difficult to do so. Over time though, cost pressures are expected to dissipate and the market will reach a more stable position. "

To expand their market share and enhance the efficiency of their production line, manufacturers should enter into collaborations with other market participants. The outcome in terms of improved product offerings will, moreover, promote goodwill among patients and hospitals.

For more details : Contact send an e-mail to Radhika Menon Theodore- Corporate Communications at rmtheodore@frost.com with the following information: your full name, company name, title, telephone number, e-mail address, city, state, and country. We will send you the information via email upon receipt of the above information.

**** 

Archives

More

Advertisement

 

Back