Fact Based List:
10 Predictions for the Global Orthopedic Device Market
Submitted by Anonymous on Mon, 06/30/2014 - 12:04
- Valued at $29.2 billion in 2012 and is expected to reach $41.2 billion by 2019
- Growing elderly population wil contribute to the orthopedic device market growth
- Technology advancements, particularly bioabsorbable implants coupled with there success will be a huge opportunity for investors
- The orthopedic knee devices accounted for the largest share of the total orthopedic device market revenue in 2012
- 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
- The global market for hip devices will likely grow due to the high rate of hip fractures and demand for hip replacement procedures
- Anchors form a major share of the total orthopedic consumables market, contributing to about 80 percent of the market share in 2019
- 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
- Europe is also expected to have slow healthcare spending growth due to the residual impact of the recent recession
- Over the next five years, the Asia-Pacific market is expected to be the fastest growing region in the world for orthopedic devices
- 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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