Annual Market Growth of Nearly 30% Until 2011
MONTREAL, March 22 /CNW Telbec/ - ORTHOsoft Inc. (TSX-Venture: OSH), an
international company that develops and markets software applications,
instruments and computerized medical systems improving the accuracy of knee,
hip and spine procedures, is proud to announce that it has become the third
largest provider of computer-assisted orthopaedic surgery systems in North
America in 2006. "US Markets for Image Guided Surgery Systems 2007," a report
published by Millennium Research Group, the world's leading provider of
independent market intelligence for the medical technology industry, shows
that ORTHOsoft has carved out an 18.1% market share, almost neck and neck with
Stryker Corp. (NYSE: SYK), the No. 2 company.
"This report raises two important facts: first, 12 times as many
computer-assisted orthopaedic surgery systems were sold in 2006 than in 2002;
and secondly, ORTHOsoft has grown from a small-sized player to a front-line
provider in this same period," pointed out Louis-Philippe Amiot, President and
Chief Executive Officer of ORTHOsoft.
Yvan Beaudoin, the Company's Chief Operating Officer, added: "We are
proud of the advances we have made, which attest to the soundness of our dual
marketing strategy by way of our distribution partners and our own sales
force. Thanks to the many technological and marketing initiatives we have
taken, we are confident we can increase our share of this fast-growing
In light of the aging population and growing popularity of non-invasive
surgical procedures, Millennium Research Group expects the number of
computer-assisted orthopaedic surgery systems to grow at an annual rate of
nearly 30% until 2011. The sale of computer-assisted orthopaedic surgery
systems will thereby generate annual revenues of almost US$200 million in the
United States and ultimately represent the largest segment of the
computer-assisted navigation market.
More than a million knee and hip prostheses are implanted in North
America every year. A number of reputed surgeons predict that
computer-assisted surgery will become the standard treatment for orthopaedic
implant procedures. Clinical studies indicate that computer-assisted
orthopaedic surgery can provide 20% greater accuracy in placing implants than
conventional procedures, while also significantly reducing patients'
post-operative pain and improving their quality of life.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
Founded in 1995, ORTHOsoft Inc. (TSX-Venture: OSH) develops and markets
best-in-class medical software, instruments and computerized systems designed
to help orthopaedic surgeons increase accuracy in hip, knee and spine implant
surgery. ORTHOsoft's FDA-approved patented software solutions are developed by
surgeons for surgeons, resulting in intuitive and easy-to-use navigation that
tracks surgical flow and provides surgeons with real-time data, thus helping
to improve the surgical process and patient outcomes. For further information,
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