The BCC Research released a new report on the advanced orthopedic technologies market.
Here are eight predictions from the report:
• The global market for advanced orthopedics grew from $35.3 billion in 2013 to around $36.4 billion in 2014.
• The advanced orthopedics market will likely continue to grow at a 3 percent compound annual growth rate through 2019.
• The market is expected to reach $42.2 billion in 2019.
• For joint replacements, implants and regenerative products, the global market is expected to grow at a 2.7 percent compound annual growth rate through 2019.
• The report estimates joint replacements, implants and regenerative is expected to reach $34.4 billion in 2019.
• The global cartilage, soft tissue repair and regenerative products market is expected to grow at a 6.6 percent compound annual growth rate through 2019.
• In 2014, the cartilage, soft tissue repair and regenerative products market was $1.8 billion.
• In 2019, the cartilage, soft tissue repair and regenerative products market is expected to reach $2.5 billion by 2019.