North American orthobiologics market to reach $2.5B by 2019: 4 key trends

The North American orthobiologics market is posed for rapid growth in the near future, according to a MicroMarket Monitor report.

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Here are four key trends:

 

•    The market is estimated to grow to a value of around $2.5 billion by 2019.
•    The market was valued at $1.7 billion in 2014.
•    It is expected to grow at a compound annual growth rate of 7.7 percent from 2014 to 2019.
•    The changing preference from mechanical implants to biological ones among the population as well as the rising levels of awareness regarding orthobiologics are the driving forces of this market.

 

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