US Extremities Market experiences bump w/ new competition expected to fuel future growth

SmartTRAK, the leading source of competitive life sciences intelligence used by the top ten global orthopedic & wound care companies, has published its 2017 Extremities Market Recap and Financial Dashboard.

The US Extremities Market experienced an overall bump in Q417 growth that extended into all categories, with the exception of Ankle Replacement that took a slight dip in Q417, with sequential growth down from 18.1% to 16.1%. ...

SmartTRAK, the leading source of competitive life sciences intelligence used by the top ten global orthopedic & wound care  companies, has published its 2017 Total Joints Market Recap and Financial Dashboard.

The Total Joints Market finished off a challenging year with accelerated growth in Q417, despite increasing pricing pressure. Hurricanes in Q3 and increased seasonality due to higher insurance deductibles pushed procedures into Q4 driving stronger sequential growth. Increasing penetration of robotics resulted in uptake of new products, including Stryker’s MAKO robotic TKA application for Triathlon knees.

Becker’s October 2017 Hospital Review webinar on “Current Trends for Success in Bundles and Strategies for Financial Changes: Orthopedics and Beyond” provides insights into the delicate balance healthcare institutions and surgeons are trying to maintain in this cost-conscious environment. Joseph Bosco, MD, and Richard Iorio, MD, of NYU Hospital for Joint Diseases shared their experience with everything from maximizing reimbursements and cost-effectively managing patient care while maintaining and improving clinical outcomes.

 Dr. Bosco, holds the positions of Vice Chairman of Clinical Affairs, and Director of the Center for Quality and Patient Safety. Dr. Iorio serves as Chief of Adult Reconstruction and as the chair of the American Association of Hip and Knee Surgeons Committee on Advocacy and Healthcare Policy. Both Bosco and Iorio are principals with Labrador Healthcare Consulting, a value-based reimbursement strategies advisory firm. Below are highlights from the webinar:

Hurricanes Harvey and Irma disrupted procedures in the US during Q3, slowing growth beyond the typical seasonality. In the US, Q317 Total Joints Market growth was virtually flat YoY compared to 1.6% growth in Q316. However, stronger performances OUS, despite the India price cuts, helped offset the US decline resulting in WW Market reported growth of ... Download Article

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Q317 Extremities Market: Boost from New Products Offsets Challenges

New products and market segment penetration somewhat offsets slowing growth due to challenges faced by large industry players

By Lisa Mahan, VP, Content Development, Ortho and
Natasha Weeks, Editor/Sr. Analyst–Trauma

Large market players faced challenges that slightly dampened Q317 growth in the US Extremities market, with sequential growth down. Above market growth from smaller companies launching new products and increasing market penetration somewhat offset the negative effects of  Zimmer Biomet ’s supply issues on the largest market segment – Shoulder Replacement.

Q317 Total Joints Market: More than the Usual SeasonalityMajor hurricanes in the US lead to softness in the quarter  

By Lisa Mahan, VP, Content Development, Ortho

The Imperfect Storms

Hurricanes Harvey and Irma disrupted procedures in the US during Q3 slowing growth beyond the typical seasonality. In the US, Q317 Total Joints Market growth was virtually flat YoY.

SmartTRAK was cited by the Wall Street Journal on Nov. 12, 2017 in an article by Laura Johannes, "Ankle Replacements Take Off as Devices Appear Durable."  The article is part of the Journal Reports Retirement series, and states that ankle replacements are growing in popularity as doctors gain confidence that the implants will last.

SmartTRAK is excited to be attending AAHKS - the American Association of Hip and Knee Surgeons meeting on Nov 2-5, 2017 at the the Hilton Anatole in Dallas, Texas.

Established in 1991, the mission of the American Association of Hip and Knee Surgeons (AAHKS) is to advance hip and knee patient care through education and advocacy.