Fact Based List:

10 Predictions for the Global Orthopedic Device Market

Submitted by Anonymous on Mon, 06/30/2014 - 12:04


  1. Valued at $29.2 billion in 2012 and is expected to reach $41.2 billion by 2019
  2. Growing elderly population wil contribute to the orthopedic device market growth
  3. Technology advancements, particularly bioabsorbable implants coupled with there success will be a huge opportunity for investors
  4. The orthopedic knee devices accounted for the largest share of the total orthopedic device market revenue in 2012
  5. Product recalls due to implant loosening, corrosion, wear, manufacturing errors and other factors is expected to have a huge impact on overall market revenue in the future
  6. The global market for hip devices will likely grow due to the high rate of hip fractures and demand for hip replacement procedures
  7. Anchors form a major share of the total orthopedic consumables market, contributing to about 80 percent of the market share in 2019
  8. North America has dominated the global orthopedic device market in terms of revenue generation in the past and is expected to maintain this position over the next five years
  9. Europe is also expected to have slow healthcare spending growth due to the residual impact of the recent recession
  10. Over the next five years, the Asia-Pacific market is expected to be the fastest growing region in the world for orthopedic devices
  11. The major players in the global hip and knee orthopedic devices market are DePuy Synthes, Zimmer


Source: Transparency Market Research
Source URL: http://www.beckersspine.com/orthopedic-a-spine-device-a-impl...



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