The global orthobiologics market is expected to see immense growth in the near future, according to a MicroMarket Monitor report.
Here are seven important trends:
1. The global orthobiologics market is projected to reach a $7.9 billion value by 2019.
2. It was valued at $5.7 billion in 2014.
3. It is estimated to grow at a compound annual growth rate of 6.7 percent from 2014 to 2019.
4. The orthobiologics market has seen rapid growth since 2012, due to increased research and development activities and a rising demand for orthobiologics products.
5. North America contributes the largest market share.
6. But, Asia is the fastest growing region in the global orthobiologics market.
7. Key players in the market include Biomet, Medtronic, Integra Life Sciences, Stryker, Zimmer, DePuy Synthes and Tornier.