Ossur Inc.

Reykjavik, Iceland

Ossur Inc.

Reykjavik, Iceland
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News Article | May 4, 2017
Site: www.prnewswire.com

NEW YORK, May 4, 2017 /PRNewswire/ -- According to Stratistics MRC, the Global Orthopedic Braces and Support Systems market is accounted for $3.3 billion in 2016 and is expected to reach $4.9 billion by 2022 growing at a CAGR of 6.8% from 2016 to 2022. Read the full report: http://www.reportlinker.com/p04823113/Orthopedic-Braces-and-Support-Systems-Global-Market-Outlook.html Factors such as growing musculoskeletal disorders, injuries at the workplaces, road accidents and sports injuries are driving the market growth. However, expensive neoprene substance, high cost of products and restricted reimbursement are hindering the market growth. Knee braces and supports segment is projected to dominate the market as they are required at the time of sports-related activities. In addition, Upper extremity braces and supports are also witnessed to grow remarkably during the forecast period. The orthopedic clinics segment is anticipated to be the largest market, followed by the over the counter segment owing to readily available products in pharmacies which accentuates demand for immediate pain relief and preference for orthopedic consultations for quick check up. North America is the leading Market for Orthopedic Braces and Support Systems because of increasing bone disorders in the country. Europe is anticipated to be the second largest market due to the increased funding activities by German government in medical research and life sciences. Furthermore, Asia Pacific will grow significantly during the forecast period due huge geriatric population in many countries. Some of the key players in global Orthopedic Braces and Support Systems market are Bledsoe Brace Systems, Bauerfeind Ag, Breg, Inc, Deroyal Industries, Inc., Otto Bock Healthcare, Ossur HF, Cropper Medical, Inc, Bsn Medical, Chase Ergonomics, Inc, Zimmer Biomet Holdings, Inc, Stryker Corporation,3M Healthcare and Langer Biomechanics. Products Covered: - Foot and Ankle Braces & Supports o Hinged Braces o Soft Braces - Knee Braces & Supports o Knee Braces for Osteoarthritis o Functional Knee Braces for Ligament Injuries o Post-Operational Knee Braces o Knee Support Braces - Spinal Orthoses - Upper Extremity Braces & Supports o Wrist & Hand Supports o Shoulder Supports o Neck Braces and Support o Elbow Braces and Support End Users Covered: - Hospitals - Over the Counter (OTC) - Orthopedic Clinics - Other End Users Regions Covered: - North America o US o Canada o Mexico - Europe o Germany o France o Italy o UK o Spain o Rest of Europe - Asia Pacific o Japan o China o India o Australia o New Zealand o Rest of Asia Pacific - Rest of the World o Middle East o Brazil o Argentina o South Africa o Egypt What our report offers: - Market share assessments for the regional and country level segments - Market share analysis of the top industry players - Strategic recommendations for the new entrants - Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets - Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations) - Strategic recommendations in key business segments based on the market estimations - Competitive landscaping mapping the key common trends - Company profiling with detailed strategies, financials, and recent developments - Supply chain trends mapping the latest technological advancements Read the full report: http://www.reportlinker.com/p04823113/Orthopedic-Braces-and-Support-Systems-Global-Market-Outlook.html About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. http://www.reportlinker.com __________________________ Contact Clare: clare@reportlinker.com US: (339)-368-6001 Intl: +1 339-368-6001 To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/orthopedic-braces-and-support-systems---global-market-outlook-2016-2022-300451986.html


DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Sports Medicine Market Analysis By Product (Body Reconstruction, Body Support & Recovery, Body Monitoring, Accessories), By Application (Knees, Shoulders, Ankle & Foot, Back & Spine, Elbow & Wrist, Hip), And Segment Forecasts, 2014 - 2025" report to their offering. The global sports medicine market is expected to reach USD 12.5 billion by 2025 Rising incidences of sports related injuries worldwide is anticipated to be high impact rendering driver for the lucrative growth of sports medicine market. As per data published by the U.S. Consumer Product Safety Commission's National Electronic Injury Surveillance System (NEISS) in 2012, around 1.9 million people encountered such injuries. Additionally, with aid of fitness awareness initiatives from government and health organizations, people nowadays are more focused on physical exercise including gym, outdoor sports and others fitness activities. With this people are more prone to injuries, hence contributing to the remunerative growth of market. Additionally, influx of technologically advanced products such as minimally invasive surgical products is anticipated to increase the demand for these devices over the forecast period. For instance, in March 2015, Smith & Nephew launched Q-FIX implant which assists surgeon's flexibility for all sutures anchors along with fixation and pull-out strength equivalent to large sized anchors. Similarly, in May 2014 Smith & Nephew acquired ArthroCare, a medical device company based in the U.S. specialized in tissue repair devices. This acquisition helped the company to enrich its sports medicine product portfolio. The key players of the industry include Stryker Corporation, Arthrex, ArthroCare, Tornier N.V., Wright Medical Technology, DJO Global, Otto Bock Healthcare, Ossur HF, Zimmer Holdings Inc., and Smith & Nephew Plc. For more information about this report visit http://www.researchandmarkets.com/research/8wxg46/sports_medicine


— Summary The global orthotics and prosthetics (O&P) market, which includes braces and supports and prosthetic devices, is an expansive market covering a broad range of indications. Braces and supports, external devices that provide support to joints and weakened musculoskeletal groups to facilitate function and healing, are utilized prominently in osteoarthritis management; fracture, sprain, strain, and tear treatment; and prophylactic sports use. For this report, prosthesis use is focused on a single indication: extremity amputation. The growing global aging population and subsequent rise in the prevalence of diseases that primarily affect the elderly, including diabetes, vascular disease, and osteoarthritis, as well as the increase in adoption of braces and supports for non-invasive treatment, particularly in fracture management and post-operative rehabilitation, are expected to drive growth in the O&P market. Emerging O&P technologies focus on improving patient comfort and functionality to facilitate increased product adoption. This report examines O&P device adoption and challenges faced by current competitors in the US. The analysis also identifies unmet needs in the market, specifies the major drivers and barriers to device adoption, and provides an understanding of physician perception and outlook with an overall emphasis on current and future industry trends in the US. Highlights Key Questions Answered - What is the current and future O&P market outlook in the US market? What trends are affecting this O&P market? - Which are the key, high growth markets that O&P manufacturers should expand into? Which markets are growing the fastest, and what are the top-selling products in each segment? - What are the unmet needs with O&P products currently on the market? How will emerging technologies fulfill these unmet needs? - What clinical factors and technical specifications influence a physician to use one type of brace or prosthetic device over another? What is physician perception and market outlook of O&P? - What are the challenges and complications of O&P that have hindered widespread adoption? - With developing the next-generation of O&P products, what aspects of the technology are device manufacturers focused on optimizing? How will new entrants impact the global O&P market? Scope - Annualized total O&P market revenue by type of device, direct and indirect costs of disease, procedure trends, and market outlooks for the US through 2021. - Key topics covered include strategic competitor assessment, market characterization, identification of unmet needs, reimbursement and regulatory considerations, evaluating market access in the US, and implications of the emerging technologies on the market. - Pipeline analysis: Comprehensive data split across different stages of development, including a discussion of emerging trends and O&P products in development. - Analysis of the current and future market competition in the US O&P market. Insightful review of the key industry drivers, opportunities, barriers and challenges. Each trend is independently researched to provide qualitative analysis of its implications. Reasons to buy - “What Physicians Think” quotes provide a unique insight into how healthcare professionals are reacting to events within the industry, and what their responses could mean for industry strategists. In this report you will understand the perceptions of leading orthopedic surgeons and O&P practitioners from around the world. This information is essential for all strategic decision makers in every organization allowing them to act on high quality information. Table of Content: Key Points 1.1 List of Tables 1.2 List of Figures 2 Introduction 2.1 Catalyst 2.2 Related Reports 3 Industry Overview 3.1 Overview 3.2 Procedure Trends 3.2.1 US 3.3 Market Access 3.3.1 Purchasing Decisions 3.4 Brand Loyalty 3.5 Adoption 3.6 Regulation 3.7 Reimbursement 3.8 Product Recalls 3.8.1 Ability Dynamics Recalls Rush81 Prosthetic Foot (June 2014) 3.8.2 Zimmer Recalls Drop-Lok Knee Brace, Cartilage Knee Brace, Hinged Knee Support, and Tennis Elbow Support (April 2014) 3.8.3 Ossur Recalls Symbionic Leg (February 2014) 3.9 Mergers and Acquisitions 3.9.1 Ottobock Entered Licensing Agreement with Ekso Bionics (November 2014) 3.9.2 Breg to Merge with United Orthopedic Group (October 2014) 3.9.3 Ottobock to Distribute Artec’s 3D Scanners (July 2014) 3.9.4 Hanger Acquired Prosthetic Laboratories of Rochester (June 2014) 3.9.5 Hanger Acquired Four Patient Care Companies (August 2013) 3.9.6 Ossur Acquired TeamOlmed for $47m (May 2013) 3.9.7 DJO Global Acquired Exos (December 2012) 3.9.8 Hanger Acquired Two Patient Care Companies (December 2012) 3.9.9 Hanger Acquired Five Companies (August 2011) 3.9.10 Thuasne Acquired Townsend Design (January 2011) 3.10 Economic Impact 3.10.1 Indirect Costs 3.10.2 Direct Costs 4 Unmet Needs …Continued For more information, please visit http://www.wiseguyreports.com


— Factors such as growing musculoskeletal disorders, injuries at the workplaces, road accidents and sports injuries are driving the market growth. However, expensive neoprene substance, high cost of products and restricted reimbursement are hindering the market growth. Knee braces and supports segment is projected to dominate the market as they are required at the time of sports-related activities. In addition, Upper extremity braces and supports are also witnessed to grow remarkably during the forecast period. The orthopedic clinics segment is anticipated to be the largest market, followed by the over the counter segment owing to readily available products in pharmacies which accentuates demand for immediate pain relief and preference for orthopedic consultations for quick check up. North America is the leading Market for Orthopedic Braces and Support Systems because of increasing bone disorders in the country. Europe is anticipated to be the second largest market due to the increased funding activities by German government in medical research and life sciences. Furthermore, Asia Pacific will grow significantly during the forecast period due huge geriatric population in many countries. Some of the key players in global Orthopedic Braces and Support Systems market are Bledsoe Brace Systems, Bauerfeind Ag, Breg, Inc, Deroyal Industries, Inc., Otto Bock Healthcare, Ossur HF, Cropper Medical, Inc, Bsn Medical, Chase Ergonomics, Inc, Zimmer Biomet Holdings, Inc, Stryker Corporation,3M Healthcare and Langer Biomechanics. Products Covered: • Foot and Ankle Braces & Supports o Hinged Braces o Soft Braces • Knee Braces & Supports o Knee Braces for Osteoarthritis o Functional Knee Braces for Ligament Injuries o Post-Operational Knee Braces o Knee Support Braces • Spinal Orthoses • Upper Extremity Braces & Supports o Wrist & Hand Supports o Shoulder Supports o Neck Braces and Support o Elbow Braces and Support End Users Covered: • Hospitals • Over the Counter (OTC) • Orthopedic Clinics • Other End Users Regions Covered: • North America o US o Canada o Mexico • Europe o Germany o France o Italy o UK o Spain o Rest of Europe • Asia Pacific o Japan o China o India o Australia o New Zealand o Rest of Asia Pacific • Rest of the World o Middle East o Brazil o Argentina o South Africa o Egypt What our report offers: - Market share assessments for the regional and country level segments - Market share analysis of the top industry players - Strategic recommendations for the new entrants - Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets - Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations) - Strategic recommendations in key business segments based on the market estimations - Competitive landscaping mapping the key common trends - Company profiling with detailed strategies, financials, and recent developments - Supply chain trends mapping the latest technological advancements About Stratistics MRC We offer wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services and Full Time Equivalent (FTE) services in the research world. We explore the market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends. Our research reports and publications are routed to help our clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, industry experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects. For more information, please visit http://www.strategymrc.com/


Gudmundsson K.H.,University of Iceland | Jonsdottir F.,University of Iceland | Thorsteinsson F.,Ossur Inc. | Gutfleisch O.,Leibniz Institute for Solid State and Materials Research
Journal of Intelligent Material Systems and Structures | Year: 2011

This study investigates the off-state rheological characteristics of magnetorheological fluids. Various carbonyl iron powder grades are tested, both micron- and nano-sized. The study considers both unimodal and bimodal MR fluid samples. The bimodal MR fluids are both micron-sized only compositions and mixed micron- and nano-sized compositions. All fluid compositions employ a novel PFPE oil as a base fluid. This base fluid is introduced and its qualities discussed. An off-state experimental investigation is conducted, for shear-rates from 0 to 200 s -1. All samples exhibit the well-known shear-thinning property of MR fluids, but with varying proportions. The off-state viscosity is of importance in a particular application, in an MR prosthetic knee. It determines how fast the knee joint can rotate in the absence of a magnetic field. A prominent MR fluid composition is selected for the proposed application which aims to maximize to rotational speed of the MR knee joint in the absence of a magnetic field. © 2011 The Author(s).


Gudmundsson K.H.,University of Iceland | Jonsdottir F.,University of Iceland | Thorsteinsson F.,Ossur Inc. | Gutfleisch O.,Leibniz Institute for Solid State and Materials Research
Journal of Intelligent Material Systems and Structures | Year: 2011

The study investigates the field-induced shear yield stress and the off-state viscosity of selected unimodal and bimodal magnetorheological (MR) fluids. Five grades of commercially available iron powder are used to prepare unimodal MR fluids, one for each powder grade, and bimodal MR fluids, using two grades of micron-sized powder. The iron powder contains particles with a mean diameter ranging from 1 to 8 μm. The solid loading of all fluids is held to a constant value while varying the particle size and the ratio between the coarse and the fine powders. All fluids employ a perfluorinated polyether base fluid whose qualities are described. The bimodal MR fluids are compared to their corresponding unimodal fluids. Results show the bimodal fluids to have a lower off-state viscosity than their corresponding unimodal fluids. An application in prosthetic devices is introduced in which the yielding and the off-state characteristics of the MR fluid are of equal importance. In this application, the shear yield stress determines the rigidness while the off-state viscosity determines the flexibility in the absence of a magnetic field. For this particular application, prominent MR fluids are selected based on the ratio between the on-state yield stress and the off-state viscosity. © 2011 The Author(s).


Gudmundsson K.H.,University of Iceland | Jonsdottir F.,University of Iceland | Thorsteinsson F.,Ossur Inc.
ASME 2011 Conference on Smart Materials, Adaptive Structures and Intelligent Systems, SMASIS 2011 | Year: 2011

The study presents an experimental investigation into the trade-offs between field-on versus field-off rheological characteristics of magnetorheological (MR) fluids. This is relevant in a particular application in prosthetic devices where field-off characteristics are of equal importance to the field-on rheological characteristics. The paper introduces a biomechanical prosthetic knee joint that uses an MR fluid to actively control its rotary stiffness while an amputee walks. The knee is a synergy of artificial intelligence, advanced sensors and MR actuator technology. The knee joint is equipped with an MR rotary brake, utilizing the fluid in direct-shear mode. The MR fluid has response time in the order of milliseconds, making it possible to vary the knee's stiffness in real-time, depending on sensors data. The field-on characteristics of the employed MR fluid define the rigidness of the knee joint while the field-off characteristics define its flexibility in the absence of a magnetic field. Five MR fluid compositions are prepared, each with a different solid loading ranging from 0.25 to 0.35, by volume. All fluids employ a commercially available carbonyl iron powder and a base fluid. The MR fluids are experimentally evaluated in a rheometer, where both field-off and field-on characteristics are measured. An MR fluid figure of merit function is introduced which is used to rate the selected MR fluids for a potential application in the MR prosthetic knee. An MR fluid composition is sought with the highest ratio between the field-on shear yield stress and the off-state viscosity. The research shows the off-state viscosity to decrease faster than the field-on shear yield stress when reducing the solid loading from 0.35 to 0.25. This suggests that an optimum solid loading exists with regards to the defined merit function. The off-state viscosity of suspensions is known to be exponentially dependent on solid loading while the field-on shear-yield stress is known to sub-quadratically dependent on solid loading. Field-on and field-off models are presented from literature. The models compared to the experimental data and used to theoretically predict the optimum solid loading with regards to field-on shear yield stress and off-state viscosity. As a result of the experimental and the theoretical analysis, a prominent MR fluid composition is selected for a potential application in the MR prosthetic knee. This has been shown to help in the development of prosthetic devices and furthering the success of an MR prosthetic knee joint. © 2011 by ASME.


Jonsdottir F.,University of Iceland | Gudmundsson K.H.,University of Iceland | Dijkman T.B.,University of Twente | Thorsteinsson F.,Ossur Inc. | Gutfleisch O.,Leibniz Institute for Solid State and Materials Research
Journal of Intelligent Material Systems and Structures | Year: 2010

Motivated by the use of magneto-rheological (MR) technology in prosthetic devices, the goal of this study is to develop a MR fluid composition that is tailored for the requirements of a prosthetic knee actuator. A MR fluid composition is sought with a suitable balance between the field-induced shear stress, the off-state viscosity, and sedimentation stability for the proposed application. Rheological characteristics are investigated for samples with monodisperse micron-sized particles and bidisperse fluids with a mixture of micron- and nanosized particles. Two types of nanosized particles are used. All fluid samples employ a novel perfluorinated polyether oil as carrier liquid which enhances stability. The samples are investigated with respect to both field-induced and off-state characteristics. The results are compared to analytical and empirical models that exist in the literature. The monodisperse fluids are shown to give a favorable trade-off between field-induced strength and off-state viscosity. The addition of a small concentration of nanoparticles is found to moderately increase the field-induced shear-yield stress. However, for a larger concentration of nanoparticles, the yield stress begins to decrease. Nanoparticles exhibit an undesirable effect on the off-state viscosity. The results reveal valuable information for the designers of MR fluids and designers of prosthetic actuators. © The Author(s), 2010.


Gudmundsson K.H.,University of Iceland | Jonsdottir F.,University of Iceland | Thorsteinsson F.,Ossur Inc.
Journal of Intelligent Material Systems and Structures | Year: 2011

This study investigates the field-induced rheological characteristics of PFPE-based MR fluids. Four PFPE-based MR fluid samples were prepared, each with a different solid loading. All samples contain a single grade of carbonyl iron powder with an average particle diameter of 2 μm. The PFPE base fluid enhances sedimentation stability and its composition and qualities are introduced in the article. The magnetization characteristics of the iron powder and a fluid sample are measured. Its magnetic properties are compared to known models from the literature. The shear-yield stress in all fluid samples is investigated experimentally, as a function of solid loading and the magnetic flux density. The results are compared to established shear stress models for MR fluids. Model parameters are set to conform to the PFPE-based MR fluids. The PFPE-based MR fluids are shown to have a comparable shear-yield stress, when compared to commercially available MR fluids with a comparable particle loading and particle size. An application for the PFPE-based MR fluids is introduced. This application is an adaptive MR prosthetic knee, utilizing the fluid in shear mode. © 2011 The Author(s).


Gudmundsson K.H.,University of Iceland | Jonsdottir F.,University of Iceland | Thorsteinsson F.,Ossur Inc. | Gutfleisch O.,Leibniz Institute for Solid State and Materials Research
Electro-Rheological Fluids and Magneto-Rheological Suspensions - Proceedings of the 12th International Conference | Year: 2011

This study investigates the field-induced rheological characteristics of perfluorinated polyether (PFPE) based magnetorheological (MR) fluids. Four PFPE based MR fluid samples were prepared, each with a different solid loading. All samples contain a single grade of carbonyl iron powder with an average particle diameter of 2 μm. The PFPE base fluid enhances sedimentation stability and its composition and qualities are introduced in the paper. The magnetization characteristics of a fluid sample are measured and its magnetic properties are compared to known models from the literature. The shear yield stress in all fluid samples is investigated experimentally, as a function of solid loading and the magnetic flux density. The results are compared to established shear stress models for MR fluids. Model parameters are set to conform to the PFPE based MR fluids. The PFPE based MR fluids are shown to have a comparable shear yield stress, when compared to commercially available MR fluids with a comparable particle loading and particle size.

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