Stryker, Arthrex, Smith & Nephew Top Arthroscopy and Soft Tissues MarketWritten by Laura Miller | June 28, 2011
A new iData Research report names Stryker, Arthrex, Smith & Nephew among the leaders of the arthroscopy and soft tissue market, according to a company news release.
The United States arthroscopy and soft tissue market was valued at more than $2.1 billion in 2010 and is expected to reach $4.2 billion by 2017. The growth may be driven by product innovation and an increase in arthroscopic procedures following the recession. Last year, there were more than 4 million arthroscopies performed in the United States.
Smith & Nephew and Arthrex are current leaders in hip arthroscopy, followed by Stryker which recently launched a platform that is expected to gain market share.
The rotator cuff suture anchor market is also expected to grow significantly due to the shift toward double-row repair, price-premium knotless suture anchors and biocomposite anchors. The biocomposite market is expected to grow six-fold by 2017.
Read the release on the arthroscopy and soft tissues market.
Related Articles on the Orthopedic Device Market:
Orthopedic Device Company CEOs Expect Market Growth in 2011
Millennium Research Group: Orthopedic Extremities Market to Generate $46B by 2015
Global Vertebral Compression Fracture Device Market to Reach $1.4B by 2015
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