The orthopaedic implant markets in Eastern Europe face challenges such as price erosion, budgetary constraints and reimbursement issues. However, the need for orthopaedic implants is rising due to surging obesity rates, an expanding ageing population and the rising number of minimally invasive orthopaedic procedures.
New analysis from Frost & Sullivan (medicaldevices.frost.com), Eastern European Orthopaedic Implants Markets, finds that the market earned revenues of $69.4 million in 2007 and estimates this to reach $97.0 million in 2014.
If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants with an overview of the orthopaedic implants markets in Eastern Europe, then send an email to Patrick Cairns, Corporate Communications, at pcairns_pr[.]frost.com, with your full name, company name, title, telephone number, company email address, company website, city, state and country. Upon receipt of the above information, an overview will be sent to you by email.
"The higher incidence of orthopaedic ailments that comes with an aging population is motivating the uptake of orthopaedic implants," states Frost & Sullivan Research Analyst, Sabita Ramachandran.
However, the progressive decline in prices caused by cost-cutting measures needed to accommodate deficits in healthcare budgets will hamper market growth. Moreover, though the ageing population is promoting market growth, it is also acting as a restraint, since the ratio of working to non-working population is falling.
"Cost-cutting measures are being incorporated by market participants to ensure that they can stay competitive and accommodate tight healthcare allocations by governments," adds Ramachandran. "An increase in sales, therefore, does not necessarily translate into a rise in revenues."
Industry participants active within different segments of the market should broaden their product portfolio. By doing so, companies will be able to participate in multi-product tenders, which will help reduce costs and enable the provision of multi-modal healthcare solutions.
Eastern European Orthopaedic Implants Markets is part of the Medical Devices Growth Partnership Service programme, which also includes research in the following markets: European Markets for Bone Grafts and Bone Cements; European Dental Implants Market; Addressing Issues in Medical Manufacturing. All research included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Interviews with the press are available.
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