-
Site License
-
Site License
-
Enterprisewide
-
Enterprisewide
South African Joint Replacements Market
Frost & Sullivan, February 2010, Pages: 81
The South African joint replacements market provides an overview of the orthopaedic market in South Africa by providing specific market metrics on various joint replacements. The research service discusses the challenges, drivers and restraints faced and these are used to forecast revenue from 2009 until 2016. A competitor overview compliments the findings of each segment.
Research Overview
This Frost & Sullivan research service titled South African Joint Replacements Market provides a strategic analysis of the market, identifies industry challenges, market drivers and restraints and provides revenue forecasts till 2016. This research service also provides a competitor analysis along with strategic recommendations. In this research, Frost & Sullivan's expert analysts thoroughly examine the following markets: hip replacements, knee replacements and upper extremities replacements.
This analysis is available through Frost & Sullivan's Medical Devices Growth Partnership Services programme. With continuous access to intelligence and resources from all seven perspectives of the Complex Business Universe, the Growth Partnership Services program ensures that you and your Growth Team™ are able to maintain a 360 Degree Perspective of the market. This comprehensive, objective information allows your company to mitigate risk, identify new opportunities, and drive effective strategies for growth.
Market Overview
Ageing Population Prone to Bone Fractures Spurs Growth in the Joint Replacements Market in South Africa
The joint replacement market in South Africa will experience sustained growth in the medium tp long term, driven by an ageing population that is prone to cartilage degeneration and bone fractures. The introduction of innovative products with enhanced durability and longevity as well as safer operation techniques are further boosting growth in this market. National health schemes will have an impact on the industry, as it is likely to control the medical schemes providers’ prices. Additionally, the government is planning to form a regulatory authority for medical devices to reduce anti-competitive behaviour, a major restraint in the joint replacement market.
Younger patients are also increasingly undergoing athroplasty operations, further boosting the demand for joint replacement devices. “Rising incidences of injury, coupled with better joint replacement techniques, have led to a change in the patient age-profile with younger patients increasingly undergoing arthroplasty operations,” notes the analyst of this study. “Surgeons are more confident to perform such surgeries on younger patients due to enhanced products and surgical techniques.”
Collaboration among the Public Sector, Government and Medical Institutions to Help Impart Effective Training to Surgeons and Nurses
The problem for new participants in the South African joint replacements market is the high barriers to entry. Established companies have a strong portfolio of products and existing clients are generally brand loyal. Furthermore, there has been a fluctuating patient demand in recent years because of the global economic downturn. Another issue is the lack of regulatory and industry approval processes to participants in this market. “The high cost associated with a joint replacement procedure restrains the growth of this market, especially in the public sector,” explains the analyst. “Medical schemes do not cover the total cost of these operations, resulting in a major reliance on out-of-pocket payments.”
The most significant future opportunity for orthopaedic implant manufacturers lies within the public sector – by working closely with the government and medical institutions in effectively training surgeons and nurses. “To combat the restraint of the general lack of skills within the South African healthcare industry, the government should encourage initiatives for training doctors and nurses,” concludes the analyst. “Additionally, participation in this process by companies – by raising awareness of orthopaedic surgeries amongst medical students – will lead to the development of a larger orthopaedic specialist pool in the country.”
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
- Hip replacements
- Knee replacements
- Upper extremities replacements
- 1. Executive Summary
- 2. Research Aim and Objectives
- 3. Research Scope and Definitions
- 4. Research Methodology
- 5. Joint Replacements Market
- - 5.1 Introduction
- - 5.2 Market Engineering Measurements
- - 5.3 Industry Challenges
- - 5.4 Market Drivers
- - 5.5 Market Restraints
- - 5.6 Revenue Forecasts
- - 5.7 Future Growth Potential by Segment
- - 5.8 Life Cycle Analysis
- - 5.9 Porter’s Five Forces Analysis
- - 5.10 SWOT Analysis
- 6. Hip Replacements Market
- - 6.1 Overview
- - 6.2 Market Engineering Measurements
- - 6.3 Market Trends
- - 6.4 Revenue Forecasts
- - 6.5 Competitor Analysis
- 7. Knee Replacements Market
- - 7.1 Overview
- - 7.2 Market Engineering Measurements
- - 7.3 Market Trends
- - 7.4 Revenue Forecasts
- - 7.5 Competitor Analysis
- 8. Upper Extremities Replacements Market
- - 8.1 Overview
- - 8.2 Market Engineering Measurements
- - 8.3 Market Trends
- - 8.4 Revenue Forecasts
- - 8.5 Competitor Analysis
- 9. Conclusions and Recommendations
Product Samples
A sample for this product is available. Please Login/Register to download this sample.
Customers who bought this item also bought
All rights reserved. © Copyright 2013 Research and Markets WWW6
Terms and Conditions Privacy Policy Publishers Employment Opportunities Site Map Link to us Webmaster Affiliate Network
