Here are five takeaways:
1. North America leads the global market, because of an increasing aging population as well as technological advancements.
2. The market will see rapid growth in China and India, due to increased medical tourism and improved healthcare infrastructure.
3. Emerging countries’ markets will grow due to increasing awareness and growing government funding.
4. Demand for minimally invasive procedures drives the global market, but steep maintenance and service costs will hinder market growth. A dearth in skilled professionals will also slow market growth.
5. Key market players include:
• B. Braun Melsungen in Germany
• Conmed Corp. in Utica, N.Y.
• Medtronic in Dublin, Ireland
• Stryker Corp. in Kalamazoo, Mich.
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