A new report from Transparency Market Research reported the orthopedic devices market is expected to reach $65 billion by 2026.
1. The 2017 orthopedic devices market was valued at $46.9 billion and is expected to expand at a compound annual growth rate of 3 percent.
2. Rise in the global geriatric population susceptible to musculoskeletal disorders is likely to boost demand for orthopedic devices.
3. North America and Europe are expected to dominate the global orthopedic devices market due to favorable reimbursement for orthopedic procedures, as well as an increase in focus on key device developers.
4. Zimmer Biomet, DePuy Synthes and Stryker are expected to become the top companies in the global orthopedic devices market.
More articles about devices:
Stryker reports $3.3B in Q2 sales, neurotechnology & spine segment experiences 19.4% uptick: 6 things to know
Medtronic, Titan Spine, Wright Medical & more: 9 device company notes
US House repeals sales tax on medical devices: 4 details to know