
The appeal of having a knee system to call your own varies by customer.
For orthopaedic surgeons, the potential benefits are numerous, and include:
- elevate the profile of you, your practice, and your affiliated hospitals
- earn ancillary income from a source in which you materially participate
- exert control over medical device costs, & pass savings on to hospitals
- neutralize pressures to place implant types that maximize supplier revenues
- tailor surgical instruments to your personal operative preferences
- optimize implant geometries, materials, & finishes to meet patient demands
- control product lifespan cycle, decide how/when changes are implemented
- determine how, by whom, and to whom implants are sold and distributed
The existent medical device company should weigh the current opportunity to:
- establish a revenue stream in the burgeoning knee implant market, where 3 million replacements are projected to be done annually in the US by 2030
- use existent manufacturing, quality, regulatory, and testing resources to expedite receipt of market clearance
- reap product income quickly using in-place distribution/sales channels
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