Category

Orthopedic Implants

ASGLawyers_global_hipimplant

Global Hip Reconstruction Device Market on the Rise

By | DePuy Hip Implants, Orthopedic Implants, Stryker Hip Implants, Wright Conserve Hip Implant | No Comments

In 2014, the global hip reconstruction devices market was valued at $4.8 billion. By 2020, it is anticipated to rise to $5.9 billion. Hip implant devices, manufactured and distributed by companies such as Stryker, Zimmer, DePuy, Smith & Nephew, Biomet and Wright, are popular options to replace damaged and deteriorated joints caused by aging, disease, osteoarthritis or injury. Read More

Orthopedic Implant Sales Expected to Double

By | DePuy Hip Implants, Orthopedic Implants, Stryker Hip Implants, Wright Conserve Hip Implant | No Comments

Global sales for hip and knee implants in 2015 were approximately $17 billion. In 2015, 324,000 people underwent hip replacement surgery in the United States alone. By 2022, the hip and knee implant market is projected to grow to $33 billion, resulting from a growing aging population across the globe. Read More

FDA Medical Device Approval Rates Increase Dramatically

By | DePuy Hip Implants, Orthopedic Implants, Stryker Hip Implants, Wright Conserve Hip Implant | No Comments

According to reports, the U.S. Food and Drug Administration’s (FDA) approval rate for high-risk medical devices submitted through the FDA’s Premarket Approval (PMA) process increased to 98% during the last fiscal year, which represents a 15-year high and almost 30% percent increase over 2012. Read More

Hip Replacement Failures and the FDA’s 510(k) Expedited Device Clearance Process

By | Orthopedic Implants, Stryker Hip Implants | No Comments

The U.S. Food & Drug Administration (FDA) Premarket Approval (PMA) process provides for the FDA’s scientific and regulatory review of Class III medical devices to evaluate their safety and effectiveness. Class III devices are those that support or sustain human life, are of substantial importance in preventing impairment of human health, or which present a potential, unreasonable risk of illness or injury. Read More