Here are five things to know:
1. In 2015, the market was valued at $14 billion.
2. The market is expected to reach $16.46 billion by 2022, growing at a compound annual growth rate of 2.5 percent.
3. The report’s authors stated various factors including the U.S. medical excise tax, elective surgeries’ deferrals and Europe austerity measure will pose as barriers to market growth.
4. Thirty-nine countries comprise the global hip and knee reconstruction market.
More articles on devices:
Entellus Medical to exclusively distribute Fiagon’s navigation systems: 3 points
Zimmer Biomet celebrates 40 years of Oxford Partial Knee System use: 4 key takeaways
Asia Pacific spine surgery devices market to hit $2.22B by 2019 — 5 observations
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.
