$596M by 2020: Use of composites in orthopedic industry to grow at over 8%

Spinal Tech

The use of composites in the global orthopedic industry is expected to grow at an average rate of 8.1 percent to reach $596 million by 2020, according to a market report published by ABMRG.

Here are four key trends regarding the use of composites in the orthopedic industry:

 

1. Aging population and rising living standards have enhanced the growth of the orthopedic industry, and non-metallic orthopedic devices have gained popularity in the industry as they offer reduced failures and last longer than their metallic counterparts.

 

2. The U.S. has highest consumption in terms of value and volume.

 

3. Increased number of product recalls and failure rates are challenging the use of composites.

 

4. Major players in the industry include Arthrex, DJO Global, Invibio, Johnson & Johnson, Medtronic, NuVasive, Orchid Orthopedic, Paragon Medical, Smith & Nephew and Stryker.

More articles on devices:

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Orthopedic companies named among worst 3 medical device stocks
12 key observations on orthopedic device company stock — Zimmer, Medtronic & Stryker

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