Key findings from the report include the following:
• The spine market is expected to reach nearly $7 billion by 2018, growing at a compound annual growth rate of 2.7 percent. Growth in the spine market is largely driven by motion preservation devices and growth in minimally invasive surgery.
• The bone grafts market is projected to reach $2.3 billion by 2017. The orthobiologics market will increase with an aging population, rising incidences of degenerative disc diseases, an increase in revision orthopedic surgeries and more seniors seeking an active lifestyle.
• The arthroscopy and soft tissue repair market continues to remain healthy.
• There was a sharp decline in growth in the total joints market in 2008 and 2009. This fall was driven by fewer innovations in technology and a decrease in physician payment, among other factors.
To view the 2012 Orthopedic Watch report in full, click here.