Global Medical Device Market Updates: Expect Big Growth in Spine, Biomaterials

Laura Dyrda -   Print  |
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Here are four medical device industry reports released in early 2014:

•    The spine surgery device market is expected to be worth $14.8 billion by 2017. The market was valued at $11.6 billion in 2012 and is expected to grow at a compound annual growth rate of 5.1 percent through 2017, according to a MarketsandMarkets report.
•    The biomaterials market is estimated to reach $88.4 billion by 2017. It was valued at $44 billion in 2012 and poised to grow at a compound annual growth rate of 15 percent through 2017, according to a MarketsandMarkets report.
•    The sports medicine market is expected to reach $8.3 billion by 2019. The market was valued at $6.1 billion in 2012 and expected to grow at a compound annual growth rate of 4.4 percent through 2019, according to a Transparency Market Research report.
•    The minimally invasive vertebral compression fracture repair market is expected to reach $2.82 billion by 2019. The market was valued at $1.58 billion in 2012 and is expected to grow at a compound annual growth rate of 8.7 percent to 2019, according to a Transparency Market Research Report.

 

More Articles on Spine Surgeons:
Computer Modeling in Spine: Innovative Technology Development From The Ohio State University
Dr. Roger Hartl: 4 Exciting Areas in Spine Development
5 Top Factors in Surgical Decision Making for Adult Spinal Deformity

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