A new orthopedics market report shows growth in the orthopedic and prosthetics industry, according to ReportsNReports.
Here are five key trends from the report:
1. There will be a 3.9 percent compound annual growth rate through 2018 in the orthopedics and prosthetics industry.
2. The orthopedic industry is under pressure since the orthopedic downturn and struggled to achieve growth amid tough market conditions.
3. Increased obesity and aging population, as well as unstable financial conditions in the established markets, have forced medical device manufacturers to become more responsive to macro- and micro-economic factors.
4. There is an expected rise in musculoskeletal disorders as a result of the more active and demanding customer base.
5. Principal growth drivers are the uptake of new products and technologies in developed markets, high growth in extremity and biologic products and rapid uptake of standard and market-specific products in emerging regions.