Economic Expansion Opens Doors for Orthopedic Devices in Latin America

 By 2012, the Brazilian market will grow to over $460 million, according to

                         Millennium Research Group



    WALTHAM, Mass., Aug. 21 /EMWNews/ -- Millennium Research Group's

(MRG's) Latin American Markets for Orthopedic Devices 2008 report series,

which includes coverage of Brazil, Mexico, Argentina, and Colombia,

indicates that reconstructive joint implants represent the largest and

fastest-growing orthopedic device segment across all four countries.

Brazil, which has the largest reconstructive joint implant market in the

region, valued at over $100 million dollars, will see this market rise at a

15% compound annual growth rate from 2007 to 2012.



    Sustained economic growth in Latin America has allowed businesses to

develop and expand, generating additional jobs for citizens. New employment

reduces dependency on publicly-funded health care as patients transfer to

the contribution-based or private insurance sectors. These sectors maintain

higher per capita budgets than the strained public sector and are therefore

better equipped to purchase premium-priced technologies and more expensive

imported implants.



    "Expansion of the private health care market will drive adoption of

premium-priced technologies such as hip resurfacing implants and cementless

components," says Andrea Cheng, Senior Analyst. "Elevated demand for these

technologies will contribute to rising device average selling prices, which

will promote overall market growth."



    The Latin American Markets for Orthopedic Devices 2008 report series

covers Brazil, Mexico, Argentina, and Colombia. Each report also covers

spinal implants and trauma fixation. Industry competitors include Abbott

Spine, Acumed, B.Braun Aesculap, DePuy, Disc-o-Tech, Medtronic Spinal and

Biologics, Orthofix, Smith & Nephew, Stryker, Synthes, Wright Medical

Technology, Zimmer, and many more.

    About Millennium Research Group



    Millennium Research Group (http://www.MRG.net), a Decision Resources, Inc.

company (http://www.DecisionResources.com), is the global authority on medical

technology market intelligence and the leading provider of strategic

information to the health care sector. The company provides specialized

industry expertise through published reports, ongoing Marketrack(TM)

projects, and customized solutions.



    All company, brand, or product names contained in this document may be

trademarks or registered trademarks of their respective holders.






    For more information, contact:



    Amy Krohn

    Millennium Research Group

    416-364-7776 x101

    [email protected]