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Advances in Medical Device Technology for Orthopaedic Applications (Technical Insights)
Frost & Sullivan, Sep 2005
Intense Competition Keeps Developers of Medical Device Technology for Orthopaedic Applications on their Toes
When competing in a mature market with a wide range of treatment options for different orthopaedic disorders, medical device companies have to provide more technology developments to stay afloat. Market participants not only pit technologies against each other, but also try to gain a lead over other companies on factors such as costs and reimbursements. In the orthopaedic medical device industry, developers are focusing on designing orthopaedic devices that stand out in the crowd with their inventiveness, cost, stability, and functionality advantages.
This
Additional Information
Specialized Instruments Required for Varied Demographics
Technology developers have been factoring in the greater life expectancy of their end-user population and are modeling orthopaedic instruments to suit the different needs of people in their 80s and 90s. Since the current elderly population prefers a more active lifestyle, orthopaedic technologies have to be simpler and more comfortable. Moreover, end-user impatience to resume normal activities is driving companies to accelerate their product innovation activities and provide technologies that hasten their recovery.
With 77 million baby boomers entering their 60s and 70s, orthopaedic technology companies are expected to start developing inventive technologies, especially since this demographic is comfortable in using technology. Similarly, with bone-related issues on the rise among the younger population, developers have to provide long-lasting instruments. The issue of age demographics is likely to affect the technologies’ prospects in joint market, spinal research, sports medicine, and trauma care.
Technologies that Offer Greater Clinical Benefits and Ease-of-use Expected to Succeed
Current users of orthopaedic technologies seek products that offer them maximum comfort while requiring minimum physical supervision. "The advantages of techniques such as minimally invasive surgeries include lesser pain and trauma, quicker return to daily activities and work, smaller scar, as well as lesser blood loss," says the analyst of this research. "Economic benefits in addition to clinical ones drive the orthopaedic industry."
People are also beginning to be more aware of their medical conditions and are constantly seeking to gain more knowledge about their illnesses. "This drives the industry to continuously evolve products and devices that use a radically different approach or make significant improvements to existing technologies," notes the analyst. "The Internet is a platform for companies to showcase these technologies as well as their uniqueness and benefits, thereby enhancing the awareness of these instruments."
Technologies
The following technologies are covered in this research:
- Minimally Invasive Surgery: This surgery requires small incision(s), usually performed with endoscopic visualization.
- Total Joint Replacement: This surgical procedure involves the removal and replacement of an arthritic or damaged joint with a prosthetic device (artificial joint) to relieve the patient from pain and/or disability.
- Degenerative Disc Disease: It is a gradual process of deterioration of the spine that causes the loss of the spine’s normal structure and/or functions. The severity and nature of this disorder varies within the affected population. Artificial disc and motion preservation devices are now replacing fusion procedures.
- Biomaterials: These are synthetic materials with novel physical, chemical, as well as mechanical properties that are processed and developed to replace parts of living systems and function in intimate contact with living materials. Many biomaterials are increasingly used in load bearing applications and in articulating surfaces in joints, among others.
- Artificial Disc Replacement: This is the replacement of a damaged disc with an artificial disc or prosthesis. This method has significant advantages over traditional spinal fusion surgery.
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