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US Markets for Large-Joint Reconstructive Implants
US markets for large-joint reconstructive implants
Millennium Research Group, A Decision Resources, Inc. Company

The US large-joint reconstructive implant market, comprising knee and hip implants, was valued at over $5 billion in 2006. This market continues to benefit from procedure growth arising from an aging population as well as an increase in the number of implant recipients in their 40s and 50s. Also, driving revenue growth is the increase in average selling prices (ASPs) caused by the continued acceptance of premium-priced alternate bearing surfaces mainly in the hip implant segment. Although increasing ASPs will facilitate market growth, ASP growth over the forecast period will be restricted by mounting pressure from cost-conscious hospitals to drive prices down. Rising procedures, coupled with ...

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