Global orthopedic trauma devices market to reach $9.4B by 2020: 4 things to know

Mary Rechtoris -   Print  |

By 2020, the global orthopedic trauma devices market is expected to hit $9.4 billion, according to a Persistence Market Research report.

Here are four things to know:

 

1. In 2013, the market was valued at $5.7 billion.

 

2. From 2014 through 2020, the market is expected to grow at a compound annual growth rate of 7.2 percent.

 

3. Enhanced clinical outcomes are fueling market growth.

 

4. North America held the largest market share in 2014, and Asia Pacific is expected to experience the fastest growth through 2020.

 

More articles on devices:
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In bundled payment programs, are all TJRs treated as equal? 5 insights on high-risk vs. low-risk patient
Stryker leads $84M hip & knee orthopedic surgical robot device markets: 5 key points

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