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Advanced Knee Implants Serve a Wider Patient Pool in North America, Finds Frost & Sullivan

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Advanced Knee Implants Serve a Wider Patient Pool in North America, Finds Frost & Sullivan PR Newswire MOUNTAIN VIEW, California, Sept. 13, 2012 - Manufacturers innovate to curb medical tourism diverted to emerging countries MOUNTAIN VIEW, California, Sept. 13, 2012 /PRNewswire/ -- Constant product innovations are livening up the U.S. knee implants market, encouraging patients to opt for knee implant procedures. Furthermore, patients and surgeons are attracted to the reduced costs and higher reimbursements rates for advanced implants. To thrive in this fiercely competitive market, manufacturers must demonstrate quick time-to-market or differentiate their products through personalization. New analysis from Frost & Sullivan's (http://www.medicaldevices.frost.com) Analysis of the Knee Implants Market research finds that the market earned revenues of $4.42 billion in 2011 and estimates this to reach $5.49 billion in 2016. If you are interested in more information on this research, please send an email to Britni Myers, Corporate Communications, at britni.myers@frost.com, with your full name, company name, job title, telephone number, company email address, company website, city, state and country. Surgeons primarily seek implants that offer accurate fit, wear resistance, and rapid post-surgery recovery.
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Advanced Knee Implants Serve a Wider Patient Pool in North America, Finds Frost & Sullivan
PR Newswire MOUNTAIN VIEW, California, Sept. 13, 2012
- Manufacturers innovate to curb medical tourism diverted to emerging countries MOUNTAIN VIEW, California,Sept. 13, 2012/PRNewswire/ -- Constant product innovations are livening up the U.S. knee implants market, encouraging patients to opt for knee implant procedures. Furthermore, patients and surgeons are attracted to the reduced costs and higher reimbursements rates for advanced implants. To thrive in this fiercely competitive market, manufacturers must demonstrate quick time-to-market or differentiate their products through personalization. New analysis from Frost & Sullivan's (http://www.medicaldevices.frost.com) Analysis of the Knee Implants Marketresearch finds that the market earned revenues of$4.42 billionin 2011 and estimates this to reach$5.49 billionin 2016. If you are interested in more information on this research, please send an email to Britni Myers, Corporate Communications, at britni.myers@frost.com, with your full name, company name, job title, telephone number, company email address, company website, city, state and country. Surgeons primarily seek implants that offer accurate fit, wear resistance, and rapid post-surgery recovery. Implant manufacturers are striving to develop products that meet these criteria, as their successful implantations reassure patients that are apprehensive about undergoing surgery, expanding the patient pool. "As orthopedic surgeons become familiar with the latest technologies, they are more likely to adopt new knee implant procedures," said Frost & Sullivan Senior Research Analyst Aarti Shetty. "This is leading to better patient outcomes as well as improved surgery times." While developing cutting-edge products, orthopedic manufactures also need to be mindful of the price of their implants in a sluggish economy. Patients are increasingly traveling to emerging countries for low-cost surgeries, expert care, the latest technology, and comfortable accommodation. Most patients consider knee replacement surgeries elective and live with the discomfort until a cheaper alternative is available. While partial knee surgeries are a cost-effective substitute, manufacturers should look to develop technologies and products that prompt patients to opt for surgeries inthe United Statesrather than travel abroad. "Hospitals and surgeons prefer to conduct business with vendors for all their implant needs, so it is becoming important for orthopedic companies to become a one-stop shop," said Shetty. "Companies will also do well to develop surgical kits and orthobiologics so they can provide all the tools required for a knee implant surgery." These proactive product development and differentiation efforts will go a long way in raising the overall revenues of the market. Anal sisof the Knee Imlants Marketof theis artAdvanced Medical