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SmartTRAK Life Sciences News and Analysis Blog

3 min read

Joint Replacement Trends to Watch in 2025

By Lisa Mahan on 2/4/25 9:30 AM

SmartTRAK discusses market trends, including future potential market disrupters.

The FY24E US Total Joints Market is expected to increase +4.3% YoY from FY23; compared to 2023, with growth of +8.0%, the US Total Joints Market is still performing above 2019 pre-COVID levels. SmartTRAK projects this trend will continue in 2025, with the market expected to increase +3.7% from FY24E. With the backlog of procedures from the pandemic appearing to be reduced, SmartTRAK looks at other trends to watch in 2025, including:

  •  Joint Replacement Procedures Continue Migrating to the ASC Setting
    • In 2023, SmartTRAK estimated that approximately 10% of all US hip and knee replacement procedures were performed in an ambulatory surgery center (ASC) setting. This trend shows no signs of slowing down. Based on recent procedure trends data, SmartTRAK projects ... (read more)
    • While procedure volumes at ASCs have risen, Medicare reimbursement rates continue to drop. SmartTRAK tracking of Medicare surgeon reimbursement shows ... (read more)
  • Technology Trends: Streamlining, Personalization, Outcomes
    • Technology trends carrying over from 2024 include streamlining, personalization and outcomes. Some of the new products launching in 2025 are ... (read more)
  • Potentially Disruptive Orthobiologic Therapies Coming to Market
    • New Orthobiologic injection therapies aim to better manage symptoms and modify disease progression in osteoarthritis (OA) patients. SmartTRAK feels this is ... (read more)
  • Eight New Therapies on the Horizon That Could Impact Joint Replacement
    • Delaying surgeries by managing symptoms and  ... (read more)
    • Reducing the number of joint replacements performed: Advanced OA injectable therapies that more effectively target pain management could result in ... (read more)

Curious about the latest trends in the joint replacement market for 2025?    Click below to read her comprehensive market outlook article "Joint Replacement Trends to Watch in 2025" by Lisa Mahan, SmartTRAK's VP of Product Development & IT, Sr. Analyst Total Joints.Get the Article

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2 min read

Neuromodulation Trends to Watch at NANS 2025

By Thomas Wallick on 1/30/25 12:22 PM

SmartTRAK is attending the upcoming North American Neuromodulation Society meeting (NANS) in Orlando, Florida, and we would love to schedule some time to meet! We can't wait to see all of our colleagues and kick off 2025 at the premier Neuromodulation conference. Our experts will be covering all the developments from the conference, including breaking news on research and surgical advancements.

In preparation for NANS 2025, SmartTRAK's Anne Staylor, VP & GM of Neuro Therapies, gives an update on what's happening in the Neuromodulation Market: what's driving the market, what's limited the market and what she expects to see at the conference. Click the video below to view.


Click on the button below to schedule a time
to discuss the latest developments in Neuromodulation and SmartTRAK's latest offerings, including our new MIS SI Joint Fusion Module! Meet with SmartTRAK

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3 min read

Terumo Neuro: Aiming for #1 in Neurovascular

By Anne Staylor on 1/28/25 10:36 AM

Carsten Schroeder, president and CEO of Terumo Neuro, discusses the company’s plans to capture share and become the market leader in neurovascular.

Carsten Schroeder, president and CEO of Terumo Neuro, discusses the company’s rebranding, plans for growth and becoming the market leader in neuroendovascular technologies in an interview with SmartTRAK. Listen to the video below to find out more, including how Terumo plans to innovate and take share via new disease states and markets in addition to its core neurovascular markets (ischemic, hemorrhagic and access).

Click on the video below to watch the interview (32:05 min). A link to download the complete transcript of the interview is available here. For more details, interview topics by timecode are provided below.

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4 min read

SmartTRAK's Top Blog Posts of 2024

By Thomas Wallick on 1/21/25 9:30 AM

In 2024, SmartTRAK continued to empower you to Be The Expert in the MedTech industry. As your trusted resource for up-to-date industry insights, we delivered real-time market data, analysis and actionable insights across the orthopedics, wound care, regenerative medicine and neurotherapy markets. Here are SmartTRAK's Top Blog Posts from 2024, offering valuable perspectives from our expert analysts.

  1. Skin Substitute Market Rocked by DOJ Investigations
    SmartTRAK believes the billions of dollars of Medicare abuse already uncovered is the tip of the iceberg in services billed to Medicare via the Physician Fee Schedule.

  2. Medtronic: Making Waves At NANS 2024
    Medtronic executives discuss how the company is making waves in interventional pain, minimally invasive spine and deep brain stimulation in an interview with SmartTRAK at NANS 2024.

  3. Spine Market Movers to Watch in 2024
    SmartTRAK highlights companies to watch as they continue their double-digit growth train with multiple catalysts for expansion in 2024.

    Request a Demo of the SmartTRAK Business Intelligence Platform

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3 min read

Surgical Matrices Trends to Watch in 2025

By Doug Devens on 1/14/25 9:30 AM

SmartTRAK discusses market trends and movement in 2025.

The FY24E US Surgical Matrices Market is expected to increase by +5.5% YoY from FY23, a continuation of the increase from pre-COVID growth for the market. For FY25E, SmartTRAK projects the US Surgical Matrices Market will increase by +5.4% over FY24. This increased growth continues despite the growing distance from the pandemic to now and the presumed depletion of the procedure backlog developed during the pandemic. What is behind that growth? SmartTRAK looks at key trends to watch in 2025, including:

  • Breast Matrices Find New Ways to Grow
    • In the US Breast Matrices segment, SmartTRAK estimates an increase of +5.0% YoY. Historically, growth in breast matrices has been driven by allograft sales, since allograft breast matrices have been considered the standard of care and more allograft was required as breast reconstruction converted from subpectoral to prepectoral placement ... (read more)
  • Hernia Matrices Rely on Biosynthetics and Integra’s Return
    • SmartTRAK projects the US Hernia Matrices segment to end FY24E with an increase of +5.7% from FY23. Growth over the last several years has been driven primarily by gains in biosynthetic matrices such as Phasix and this trend is projected to continue ... (read more)
  • Other Events to Watch in FY25
    • Becton Dickinson (BD) expects to launch a new Phasix designed for umbilical hernias ... (read more)
    • Medtronic will continue to grow its self-gripping franchise ... (read more)

Click the button below to download and read the complete "Surgical Matrices Trends to Watch in 2025" market outlook article by Doug Devens, SmartTRAK Sr. Product Director/Sr. Analyst - Wound.Get the Article

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2 min read

UK Market Growth Undermined by Advanced Dressings Challenges

By Kris Flinn on 1/7/25 10:28 AM

SmartTRAK reports from the recent Wounds UK conference and discovers optimistic resilience in the face of challenging conditions.

SmartTRAK forecasts a challenging future for the UK Advanced Dressings Market. The UK has accessible outpatient reimbursement for dressings, has minimal higher-priced technologies such as Skin Substitutes and is the home market for two of the biggest global dressing companies. So why does this market show such low growth potential?

At the recent Wounds UK 2024 event, in an uncharacteristically sunny Harrogate, UK, SmartTRAK explored what is driving these variances and found a market in a period of change, as companies address commercial challenges with optimistic resilience, focusing on the following key topics:

  • Pricing and Contracts
    • The fall had seen large tenders completed for The NHS Supply Chain and NHS Wales. These offered the first opportunity for significant price reviews for dressings in the hospital channel since COVID-19. Most companies that SmartTRAK spoke to anticipate prices to ... (read more)
  • Wound Clinics
    • Private wound clinics continue to grow in the UK. The National Health Service (NHS) has been under significant pressure since COVID-19, and members of the public are increasingly open to ... (read more)
  • Lack of Product Innovation
    • There was a noticeable lack of new innovative products at the conference, with leading companies primarily focusing on ... (read more)

Click the button below to download and read the complete "UK Market Growth Undermined by Advanced Dressings Challenges" perspective article by Kris Flinn, SmartTRAK Senior Analyst - Wound. Get the Article

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8 min read

Market Responds to Final MAC LCDs

By Susan Paquette on 12/31/24 9:30 AM

SmartTRAK looks at the market’s response to the recently finalized LCDs and the potential impact on the US Market for Skin Substitutes.

On December 10, 2024, the Medicare Administrative Contractors (MACs) held a town hall session to discuss the Local Coverage Decisions (LCDs), “Skin Substitute Grafts/Cellular and Tissue-Based Products for the Treatment of Diabetic Foot Ulcers and Venous Leg Ulcers,” which were issued on November 14. The proposed LCDs were announced on April 25 of this year, a comment period followed, and then things went black as the MACs contemplated whether any changes should be made to the LCDs. Two key improvements in the final version included an increase in the number of skin substitute applications from four to eight and an increase in care time from 12 to 16 weeks. In this article, SmartTRAK will discuss the ongoing activities since these LCDs were announced, including the requirement for published peer-reviewed clinical evidence, market activities to shore up position and activities to rescind the LCDs. The article will close with SmartTRAK’s forward analysis of the impact of these LCDs on the market should they be implemented as planned.

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4 min read

Q'Apel Medical: Differentiating Devices for Neurointervention

By Anne Staylor on 12/24/24 9:48 AM

Q’Apel Medical CEO Jodie Fam discusses the company, strategies for growth and Q’Apel’s approach to innovation in an interview with SmartTRAK at SVIN 2024. 

Q’Apel Medical CEO Jodie Fam discusses the company, its technologies, strategies for growth and Q’Apel’s approach to innovation in an interview with SmartTRAK at the Society of Vascular and Interventional Neurology (SVIN) held November 22-24, 2024 in San Diego, California. 

To find out more, click on the video below to listen to the interview (22:08 min). Click the button below to download a complete transcript of the interview.

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3 min read

Showcasing Direct Anterior Hip Solutions at AAHKS 2024

By Lisa Mahan on 12/17/24 6:06 PM

The popularity of direct anterior approach THA is driving new product introductions.

With the exploding growth of enabling technology, much of the focus on implant solutions in recent years has been on knee replacement systems compatible with enabling technologies. At the same time, minimally invasive techniques for hip replacement using the direct anterior approach (DAA) have rapidly been gaining favor among surgeons. More companies are designing implant solutions to facilitate DAA, for use with and without enabling technologies. At this year’s American Association of Hip and Knee Surgeons (AAHKS) Annual Meeting, manufacturers were showcasing not one, but four new hip systems specifically designed to facilitate the direct anterior approach. Because surgeon adoption of this technique appears to be accelerating, it is potentially a significant opportunity for implant companies. In a 2022 survey of its members, AAHKS found that DAA was the most utilized for primary total hip arthroplasty THA (56%), a significant increase from 2018 when 40% of AAHKS surgeons indicated they used an anterior approach.

The introduction of these new stems almost plays out like a David vs Goliath story with two smaller US market players, NextStep Arthropedix and Corin, facing two of the four largest, Zimmer Biomet and Smith+Nephew. In this downloadable article, SmartTRAK looks at these new stems hitting the US market, including a brief history of the stems, their features and benefits, and the market positioning for each.

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3 min read

Facing the Payback Crisis: Challenges Threatening Italy’s Medical Device Sector

By Anikó Szekér on 12/17/24 6:05 PM

In an interview with SmartTRAK, Gennaro Broya de Lucia, president of the National Board of Directors at PMI Sanità, offers a comprehensive summary of the challenges for the medical device market in Italy, which places hundreds of companies at risk in the country.

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