The global knee reconstruction devices market is expected to witness rapid growth in the next five years, according to a MarketsandMarkets report.
Here are six important trends:
1. The market is expected to reach a $7.94 billion value by 2020.
2. The market is predicted to grow at a compound annual growth rate of 4.3 percent from 2015 to 2020.
3. The rise in the aging population and consequent growth of age-related diseases, such as osteoarthritis and rheumatoid arthritis, is a primary driver of market growth.
4. The Americas held the highest share in the global knee reconstruction devices market in 2014.
5. Europe held the second highest share in the global market.
6. Major players in the market include Zimmer Biomet, Stryker, DePuy Synthes, Smith & Nephew, Exactech, Corin and DJO Global.