Here are five things you should know about the global orthopedic implants market, according to GBI Research's "The Future of Orthopedic Implants, Analysis and Forecasts to 2016 - Joint Reconstruction and Spinal Implants Creating Growth Opportunities."
1. The global orthopedic implants market is forecast to grow to $41.8 billion by 2016, a 7.8 percent compounded annual growth rate (CAGR) from 2009-2016
2. Joint reconstruction will remain the largest orthopedic implants category, which is expected to reach $22.9 billion by 2016, growing at a 7.4 percent CAGR.
3. The spinal surgery category is expected to reach $11.3 billion by 2016, growing steadily at 10.2 percent during 2009–2016.
4. The trauma fixation category is expected to grow to $7.7 billion at a CAGR of 6.0 percent.
5. The market will be driven by the aging population, technological advancements in implant designs and materials which are resulting in improved durability and younger patients undergoing surgery in the future.
Learn more about report on "The Future of Orthopedic Implants, Analysis and Forecasts to 2016."
Read more about recent trends in the orthopedic and spine implants market:
- Trends and Developments Shaping the Future of Spine: Q&A With Ben Shappley of Amedica Corp.
- Survey: 25% of Orthopedists Plan to Reduce Metal-on-Metal Hip Usage
- California's Rhausler Reports 700% Growth for Spinal Implant Devices
1. The global orthopedic implants market is forecast to grow to $41.8 billion by 2016, a 7.8 percent compounded annual growth rate (CAGR) from 2009-2016
2. Joint reconstruction will remain the largest orthopedic implants category, which is expected to reach $22.9 billion by 2016, growing at a 7.4 percent CAGR.
3. The spinal surgery category is expected to reach $11.3 billion by 2016, growing steadily at 10.2 percent during 2009–2016.
4. The trauma fixation category is expected to grow to $7.7 billion at a CAGR of 6.0 percent.
5. The market will be driven by the aging population, technological advancements in implant designs and materials which are resulting in improved durability and younger patients undergoing surgery in the future.
Learn more about report on "The Future of Orthopedic Implants, Analysis and Forecasts to 2016."
Read more about recent trends in the orthopedic and spine implants market:
- Trends and Developments Shaping the Future of Spine: Q&A With Ben Shappley of Amedica Corp.
- Survey: 25% of Orthopedists Plan to Reduce Metal-on-Metal Hip Usage
- California's Rhausler Reports 700% Growth for Spinal Implant Devices