Canon Communications today announced plans to introduce two new events in 2010 that are dedicated to the rapidly expanding orthopaedic manufacturing sector, which is currently valued at € 30 billion worldwide. OrthoTec Conference & Exhibition will debut May 12-13 in the U.S. at the Orthopædic Capital Center in Warsaw, Indiana; and in Europe September 29-30 at the Mövenpick Hotel Zürich-Regensdorf in Switzerland.
In the heart of the action
Following the company’s well established model, Canon is positioning its new events in the geographic centers of the markets they serve. The acknowledged “orthopaedic manufacturing capital” of the U.S. is Warsaw, Indiana, home to some of the world’s largest orthopaedic OEMs–among them Zimmer Holdings, Biomet, and DePuy. Together these three companies produce some 70% of all orthopaedic products in the U.S. Similarly, Switzerland is the ideal location to attract design and manufacturing professionals from the European facilities of the world’s top manufacturers, including Zimmer, Aesculap, Synthes, Medtronic Spine, Stryker, DePuy, and Smith & Nephew.
An ever increasing market
The growth of the orthopaedic market is illustrated by the fact that the number of hip and knee replacements has doubled in recent years and is expected to double again by 2016, according to a recent report by the American Academy of Orthopaedic Surgeons. The spinal implant and fracture repair devices sectors are expected to continue to expand steadily at more than 15% annually.
“The strong growth of the orthopaedic sector, and for that matter the entire medical device market, comes as no surprise considering the demand statistics,” notes Canon CEO Charles McCurdy. “For example, 41% of all Americans are now over the age of 45, and in the EU people over 65 years old number more than 90 million. Companies supplying products and services for the orthopaedic sector and the overall medical device manufacturing market certainly have bright prospects.”
Complete event information including expo hall highlights, the list of exhibiting companies, conference session details and speaker biographies, and hotel/travel information will be available in January 2010.
For general info go here.
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