The orthopedic devices market is expected to reach $19.2 billion by 2016 at a compound annual growth rate of 5.8 percent from 2011 to 2016, according to report released by MarketsandMarkets, a market research and consulting company.
The report analyzes the market for orthopedics devices in seven segments — orthobiologics, joint reconstruction, spinal devices, trauma fixation devices, arthroscopic devices, orthopedic accessories and orthopedic braces and support system.
The spinal devices segment specifically is expected to reach the value of $13.5 billion by 2016.
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