Orthopedic devices market poised to surpass $55B — 3 takeaways

Written by Angie Stewart | October 08, 2019 | Print  |

The global orthopedic devices market is forecasted to exceed $55 billion by 2025, according to a Global Market Insights report published on pharmaphorum.

Three takeaways:

1. Increasing prevalence of degenerative bone diseases will drive global demand for orthopedic devices. The rapidly growing geriatric population will also contribute to market growth.

2. Analysts expect the global joint reconstruction market to hit $22.4 billion by 2025 as joint replacements become more common and less expensive.

3. The U.S. orthopedic devices market will grow at an estimated 2.4 percent through 2025. In 2018, the U.S. accounted for the largest share of the global market.

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