Category Archives: MarketMechanics

Current issue Market Mechanics section

September 2015

Insurance issues slow prosthetic market

The global market value for prosthetics will rise slowly in the next few years, from just over $1 billion in 2014 to approximately $1.21 billion by 2021, hindered by reimbursement difficulties, according to an August 25 report by London, UK-based research and consulting firm GlobalData. Continue reading

September 2015

FDA fast-tracks Flexion’s OA injectable

Burlington, MA-based Flexion Therapeutics reported on September 1 that the US Food and Drug Administration (FDA) has granted Fast Track designation for FX006, Flexion’s late-stage lead drug candidate for osteoarthritis (OA) of the knee. Continue reading

September 2015

Grant will fund study of Cadence device

The Physiotherapy Foundation of Canada and the Quebec Rehabilitation Research Network in August awarded a CA$20,000 grant to Cadence Biomedical’s research collaborators for study of the Seattle-based company’s Kickstart device for stroke recovery. Continue reading

September 2015

Ottobock starts orthotic business unit

Austin, TX-based Ottobock in August announced the creation of a business unit focused on off-the-shelf orthoses, fbracing, and supports. The Activity & Sports Medicine (ASM) unit combines products from Ottobock acquisitions Ortho Rehab, Bio Cybernetics International, and Cybertech and its global portfolio of orthotic solutions. Continue reading

September 2015

Sigvaris lobbys for lymphedema act

Peachtree City, GA-based Sigvaris sponsored an August 8 meeting between a Tennessee congressman and a wound care specialist and other stakeholders who support the Lymphdema Treatment Act. The act would amend the current Medicare statute to allow for coverage of compression supplies. Continue reading

August 2015

NAAOP moves to block Medicare policy that ‘would return amputees to 70s care’

The National Association for the Advancement of Orthotics & Prosthetics (NAAOP) in August created a petition calling for the White House to rescind Medi­care’s recently published draft policy for Local Coverage Determination for Lower Limb Prosthetics. Continue reading

August 2015

AOPA names lifetime achievement winner

The Washington, DC-based American Orthotic & Prosthetic Association (AOPA) reported in July plans to honor Thomas V. DiBello, CO, with its Lifetime Achievement Award at the 2015 AOPA National Assembly in San Antonio, TX. Continue reading

August 2015

Converse revamps classic shoe for comfort

Boston-based Converse in August launched a new version of its classic Chuck Taylor sneaker, reporting the new shoe is redesigned for comfort with technology from its parent company Nike, headquartered in Beaverton, OR. Continue reading

August 2015

DJO launches wireless stimulation device

DJO Global in July received Food and Drug Administration (FDA) approval to begin sales of the San Diego-based company’s wireless electric muscle stimulation device. Continue reading

August 2015

IOC calls for world conference proposals

The International Olympic Committee (IOC) in July called for proposals for its 2017 IOC World Conference on Prevention of Injury & Illness in Sport. Continue reading

August 2015

AOFAS releases plantar fasciitis guide

The American Orthopaedic Foot & Ankle Society (AOFAS) teamed up with Consumer Reports Health to produce a patient handout that it released in July focusing on conservative treatment of plantar fasciitis (PF). Continue reading

August 2015

ETH Zürich announces ‘Cybathlon’ event

Swiss university ETH (Eidgenössische Technische Hochschule) Zürich will hold in October 2016 a new championship event for individuals who use advanced assistive devices. Continue reading

August 2015

Rogers renames elastomeric division

Woodbury, CT-based Rogers Corporation on July 29 changed the name of its High Performance Foams Division to Elastomeric Material Solutions to better reflect its growing range of high-performance engineered materials solutions and capabilities to meet customer needs. Continue reading

August 2015

Alliqua markets graft for tendon repair

Langhorne, PA-based Alliqua Biomedical in July reported that its exclusive licensing agreement with Summit, NJ-based Celgene Cellular Therapeutics now includes the right to market an advanced wound care product for podiatric and orthopedic applications. Continue reading

August 2015

Ortho devices report predicts $940M rise

London, UK-based health industry research firm GlobalData reported on July 30 that the global orthopedic braces and orthotics market will rise from $2.56 billion in 2014 to reach just under $3.5 billion by 2021, largely driven by an aging population and patient preference for braces and supports as noninvasive treatment options. Continue reading

August 2015

POI names Bach new editor in chief

The International Society for Prosthetics and Orthotics in July named Australian biomechanist Timothy Bach, PhD, editor in chief of its flagship journal, Prosthetics and Orthotics International (POI). Continue reading

August 2015

Therafirm sponsors Kenyan runner

Kansas City, KA-based Therafirm and Auburn, ME-based Bedard Pharmacy and Medical Supplies are supporting Kenyan runner Moninda Marube on a cross-country run he began July 1 to raise awareness of human trafficking. Continue reading

August 2015

Nike launches easy-don Flyease high-tops

Beaverton, OR-based Nike on July 18 began selling its new Flyease athletic shoe, designed for quick no-lace donning by people with disabilities, in limited quantities on nike.com. Continue reading

July 2015

NATA inducts its 2015 Hall of Famers

The National Athletic Trainers’ Association (NATA) on June 25 inducted eight individuals into its Hall of Fame at the NATA 66th Clinical Symposia and AT Expo in St. Louis, MO. Continue reading

July 2015

Therafirm legwear wins retail award

The VGM Group (named for founder Van G. Miller) on June 17 awarded Kansas City, KS-based Therafirm’s new Ease brand compression legwear its Most Innovative Retail Product of 2015 honor at the VGM Heartland Conference in Waterloo, IA. Continue reading

July 2015

AOPA names business award nominees

The Washington, DC-based American Orthotic & Prosthetic Association (AOPA) announced on June 9 the contenders for the 2015 Hamontree Award. Continue reading

July 2015

DonJoy launches retail Performance brand

San Diego-based DJO Global on June 10 launched DonJoy Performance for sale to consumers online and in select retailers nationwide. Continue reading

July 2015

Profoot teams up with NYC FC soccer

Brooklyn, NY-based Profoot hosted a game viewing party on July 7 to celebrate its partnership with the New York City FC, which kicked off its inaugural Major League Soccer season in March. Continue reading

July 2015

Dralla announces 2015 grant recipients

The Rockaway, NJ-based Dralla Foundation on June 10 announced its 2015 grant recipients, who will use their shares of the $30,000 in awarded funds to hold events and programs for adults and children with physical challenges. Continue reading

July 2015

ING Source supports pedorthic education

Hickory, NC-based ING Source, which manufactures the OrthoSleeve line of compression products, announced in July a $60,000 donation to The Robert M. Palmer, MD, Institute of Biomechanics (RMPI), based in Elwood, IN. Continue reading