An increasing geriatric population is driving the orthopedics market, based on a Transparency Market Research report, according to Medgadget.
Here are six notes:
1. Technological advancements such as robotic procedures and minimally invasive procedures will boost the orthopedics market.
2. Joint replacement and reconstruction held the largest market share in 2011.
3. Biodegradable medical implants will see the most rapid growth in the market.
4. North American dominated the market in 2011 due to advanced medical systems, with Europe following second.
5. Latin America and Asia Pacific will experience substantial growth in the orthopedics market.
6. Genzyme, Stryker, B Braun, Medtronic and DuPuy are the key players in the market.