Worldwide, the orthopedic market generated approximately $30 billion in sales last year, according to a report from Research and Markets.
The largest segments include reconstruction, fracture repair, orthobiology, spinal implants and arthroscopy.
Joint reconstruction was the largest implant sector, with gender-specific knee implants and joint resurfacing products experiencing the highest growth. Over the next few years, artificial joint products are expected to continue driving the market, and global joint reconstruction is projected to account for nearly half of the total orthopedic device market by 2013.
Read the report on the orthopedic device market.
Related Articles on the Orthopedic Device Market:
U.S. Small Bone and Joint Device Market Reached $1B in 2010
Stock Prices Tumble for Major Orthopedic Device Companies
IOM Calls for FDA 510(k) Overhaul
Joint reconstruction was the largest implant sector, with gender-specific knee implants and joint resurfacing products experiencing the highest growth. Over the next few years, artificial joint products are expected to continue driving the market, and global joint reconstruction is projected to account for nearly half of the total orthopedic device market by 2013.
Read the report on the orthopedic device market.
Related Articles on the Orthopedic Device Market:
U.S. Small Bone and Joint Device Market Reached $1B in 2010
Stock Prices Tumble for Major Orthopedic Device Companies
IOM Calls for FDA 510(k) Overhaul