Growth in the market will be driven by an increase in the aging population with conditions such as osteoarthritis as well as the development and improvement of surgical procedures. Longer-lasting materials and implants will also contribute to the industry's growth, according to the report.
The areas for potential growth in the orthopedic implant market include advanced fixation systems with innovative designs, biomaterials and the advent of lighter power instruments. Additionally, smaller implants and innovations in material coatings to fight infections are becoming more prominent, according to the report.
The United States continues to have the largest regional market, with the Asia-Pacific market reported as the fastest-growing region. Companies with the most impact on the device market over the next five years include Arthrex, B. Braun Melsungen, Biomet, Exactech, DJO Surgical, Smith & Nephew, Medtronic Sofamor Danek, Orthofix, Synthes, Zimmer, Wright Medical Technology and Stryker.
More Articles on Orthopedic Devices:
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Orthopedic Instrumentation Market to Reach $56B by 2017Written by Laura Miller | Friday, 09 March 2012 10:40
Global Industry Analysis recently announced a new report on the orthopedic instrumentation market, projecting it will reach $56 billion by 2017.
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