David Illingworth, CEO of Smith & Nephew, has said that he expects the orthopedic device market slowdown to continue for several months as individuals defer procedures as a result of the economic downturn, according to a report in the Wall Street Journal.
The $11 billion hip and knee replacement device market has slowed this year. Analysts expect growth in the market to be "a couple percentage points below the typical high single-digit pace of market expansion," according to the report.
Read the Wall Street Journal's report on the orthopedic device market slowdown.