The global orthopedic device market could reach $61.3 billion by 2017, according to a new report from ReportsnReports.
The United States and European markets could suffer from the debt crisis following the 2008 global financial crisis, and more governments worldwide are enacting healthcare reform to reduce budget deficits. As a result, new products for minimally invasive procedures will drive the market in the future.
The report predicts more favorable reimbursement for minimally invasive procedures due to the reduced hospital stay. With time, the market could see further consolidation. Key companies in the orthopedics market include Johnson & Johnson, Stryker, Zimmer and Smith & Nephew.
Related Articles on Orthopedic Devices:
ArthroCare Revenues Down in 2011
Synthes Earnings Grow as Johnson & Johnson Acquisition Closing Nears
DJO Global Reports Slight Increase in 4Q Surgical Implant Sales
The report predicts more favorable reimbursement for minimally invasive procedures due to the reduced hospital stay. With time, the market could see further consolidation. Key companies in the orthopedics market include Johnson & Johnson, Stryker, Zimmer and Smith & Nephew.
Related Articles on Orthopedic Devices:
ArthroCare Revenues Down in 2011
Synthes Earnings Grow as Johnson & Johnson Acquisition Closing Nears
DJO Global Reports Slight Increase in 4Q Surgical Implant Sales