Industry News

Latest orthopaedic industry news on orthopaedic companies, devices, implants & technology trends.

The geographical segmentation of the global orthobiologics market includes North America, Europe, Asia-Pacific and Rest of the World (RoW). 

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The surgical site infection market is expected to witness the fastest growth in APAC, at a CAGR of 7.7% by P&S Intelligence.

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Global medical bionics market is forecasted to generate a revenue of $28.1 billion by 2023, according to P&S Market Research.

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The global foot and ankle devices market is growing due to technological advancement of ankle and foot devices, and increasing number of free trade agreements. These devices are becoming lighter, stronger, and limits additional amount of energy applied by the organ, thus leading to increased demand for these device.

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Rapid rate of the co-morbidities that include obesity and diabetes have been adding to the risk of degenerative joint diseases, especially in the older population. With young people engaging more in sports and fitness activities, relevant injuries are also increasing in number. This has further created demand for orthopedic implants worldwide.  

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OrthoXel is a specialist orthopaedic trauma company, using innovative engineering design to evolve truly next generation fracture fixation devices. OrthoXel is delighted to announce that following United States FDA 510k and CE mark clearance for the Apex Tibial Nailing System, the new Apex Femoral Nailing System has been granted European CE Mark, following the FDA 510(k) earlier in the year.   

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Medical technology company Conformis completed two surgeries using The Conformis Hip System, a total hip replacement system that converts a patient’s CT scan into a three-dimensional model to develop a preoperative, individual surgical plan, which the surgeon receives before the operation. 

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The orthopedic implants market continues to be a promising avenue in the global medical technology space. The emergence of advanced technologies coupled with rising in orthopedic disorders is major growth determinants for the orthopedic implants market. The orthopedic implants market to record an August 6.5% CAGR over the period 2018 to 2027. Although surgeries of orthopedic implants incorporating robotics offer reproducible precision and are less invasive, expensiveness of the technology coupled with the requirement for robust, evidence-based studies continues to impede its adoption in orthopedic surgeries

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The emergence of biologic materials is one of the recent developments of spine fusion surgery. Earlier, autografts were considered as the ideal primary bone graft. However, allograft evolved as a better treatment option, owing to various associated complications such as pain, infection, and weakened bone. Thus, the use of biologics in spine surgeries is expected to witness higher demand in the future because of the constant development of new products.

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eORIF.com is a website specializing in orthopedic coding by providing quick reference and searchable access to ICD-10 and CPT coding for orthopedic surgery.  Site registration is free for U.S. military orthopaedic surgeons, orthopaedic surgery residents and fellows.

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