Japanese Orthopedic Reconstruction Market Tops US$800 Million
As humans age, they succumb to osteoporosis and arthritis, developing an acute need for effective and permanent medical solutions for these ailments. With the oldest population among the G7 nations, Japan represents the world’s second largest market for reconstructive implants. According to a new report published by Millennium Research Group (MRG), this market generated close to US$800 million in revenue in 2004. By 2009, as an increasing proportion of the country’s residents enter the over-65 cohort, the joint reconstruction market will approach US$1 billion.
Millennium Research Group’s Japanese Market for Reconstructive Implants 2005 examines the crucial factors driving knee, hip, shoulder, and elbow reconstructive implant revenues and assesses which competitors are best positioned to capitalize on these orthopedic opportunities. Despite declining reimbursement rates, conversion to innovative premium products, such as implants that feature advanced bearing materials, will drive steady growth over the next five years. While Zimmer (ZMH) will retain its market-leading status due to the adoption of minimally invasive surgical techniques, rival Stryker (SYK) will keep pace thanks to the success of its Asian-specific implants. MRG’s new report also examines Biomet (BMET), Corin Group, DePuy (JNJ), Endoplus, Exactech (EXAC), Japan MDM, JMM (Japan Medical Material), Mansson K.K, Nakashima Propeller, Pentax, Senko Medical, Smith & Nephew (SNN), Taisho Pharmaceutical Co Ltd., Tokibo, Tornier, Waldemar Link, and Wright Medical Japan K.K. (WMGI).
A leading source of competitive intelligence, MRG is now the largest provider of medical device market research in the world. Located in Toronto, Canada, MRG covers global markets and has pioneered reporting of numerous emerging products.
- Contact Information
- Tim Guram
- Account Executive
- Millennium Research Group Inc.,
- Contact via E-mail
This news content may be integrated into any legitimate news gathering and publishing effort. Linking is permitted.
News Release Distribution and Press Release Distribution Services Provided by WebWire.