Surgeons Drive Plate and Screw Market to Over $170 Million in Japan by 2014
TORONTO, Sept. 2 /PRNewswire/ — According to Millennium Research Group (MRG), the global authority on medical technology market intelligence, the Japanese plate and screw market will be driven by strong surgeon acceptance and adoption, driving this market to over $170 million by 2014.
Japanese surgeons are increasingly adopting anatomic, locking plating systems, such as Acumed’s Acu-Loc plates and Synthes’ Locking Compression Plates, in order to manage complex, periarticular fractures. This is because anatomic plates are precontoured to the dimensions of the periarticular space being treated, minimizing soft tissue irritation and promoting accelerated fracture healing. Surgeons in Japan also show a distinct preference for anatomic plates compared to indication-specific intramedullary nails, especially for nonmedial long-bone fractures.
“Anatomic plating represents a real growth opportunity for domestic and multinational companies,” says Arun Jaganathan, Analyst at MRG. “Compared to surgeons in the US and Europe, Japanese surgeons are more accepting of clinical evidence pointing to more stable fixation and improved health outcomes associated with an anatomic plate instead of an intramedullary nail. While there is still some debate among the medical community in this regard, surgeon adoption of anatomic plates will continue to expand in Japan, cannibalizing the noncephalomedullary intramedullary nail market in the process.”
MRG’s Japanese Markets for Trauma Devices 2010 report provides critical insight into emerging trends that will fuel product adoption and market growth for plates and screws, intramedullary nails, compression hip screws, cannulated screws, and external fixation devices in Japan through 2014. Additionally, the report provides a complete breakdown of procedure volumes, unit sales, average selling prices, and revenues by device type. This report includes five-year forecasts, up-to-date market shares, and in-depth qualitative insights.
About Millennium Research Group
Millennium Research Group (www.MRG.net), a Decision Resources, Inc. company (www.DecisionResourcesInc.com), is the global authority on medical technology market intelligence and the leading provider of strategic information to the health care sector. The company provides specialized industry expertise through multiclient market research, ongoing Marketrack(TM) projects, customer behavior tracking, facility-level procedure forecasting, and customized solutions.
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SOURCE Millennium Research Group