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Chapter 41: Japanese Markets for Orthopedic Reconstructive Implants
Biennial reduction in reimbursement prices will limit market growth over the forecast period.
In 2004, the Japanese reconstructive implant market, comprising hips, knees, shoulders, elbows, and bone cement, was valued at approximately $800 million. The market is driven by the rising proportion of the over-65 cohort, growing interest in minimally invasive surgery (MIS) among surgeons, proliferation of innovative alterative bearing surface materials, and a gradual shift toward cementless implants. Japanese surgeons tend to favor Asian-specific implants, and as a result, companies offering these types of implants have established a strong presence in the Japanese market. Nevertheless, the Japanese reconstructive implant [Page 373]market is hindered by the declining reimbursement ...