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