Piuzzi, Nicolas S., Ng, Mitchell, Song, Simon, Bigach, Stephen, Khlopas, Anton, Salas-Vega, Sebastian and Mont, Michael A. (2019) Consolidation and maturation of the orthopaedic medical device market between 1999 and 2015. European Journal of Orthopaedic Surgery and Traumatology, 29 (4). pp. 759-766. ISSN 1633-8065
Full text not available from this repository.Abstract
Orthopaedic surgeons often require highly specialized medical devices, implants, and equipment, which are usually offered by several vendors/companies. This study assesses long-term market trends for orthopaedic medical device companies and examines various implications for healthcare cost. Using S&P Capital IQ, a Wall Street database, financial data were gathered on orthopaedic device companies, ranked by worldwide sales, from 1999 to 2015. Annual sales were aggregated to calculate market share and compounded annual growth rates (CAGRs). Overall, the global orthopaedic device market grew at 12.0% CAGR from 1999 to 2008, before slowing to 2.8% from 2009 to 2015. Between 1999 and 2015, the top 5 companies increased total market share from 52.8 to 62.2%. The orthopaedic device market is not only consolidating under a few dominant players, but also growing at a decreasing rate, both of which signal a maturing industry. These trends are likely to shape patient care and healthcare costs in orthopaedic surgery in years to come.
| Item Type: | Article |
|---|---|
| Additional Information: | © 2019 Springer-Verlag France SAS, part of Springer Nature |
| Divisions: | LSE Health |
| Subjects: | R Medicine > RD Surgery H Social Sciences > HD Industries. Land use. Labor |
| Date Deposited: | 26 Mar 2019 15:00 |
| Last Modified: | 16 Apr 2024 05:15 |
| URI: | http://eprints.lse.ac.uk/id/eprint/100357 |
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