Here are four observations:
1. Dominant market players include:
• CAScination
• CONMED Corp.
• Exactech
• Fiagon
• GE Healthcare
• Globus Medical
• KARL STORZ
• MicroPort Medical
• NuVasive
• Siemens Healthineers
• Smith & Nephew
• Wright Medical Group
• Zimmer Biomet
2. Medical tourism is a significant trend in the space. Patients from the U.S., Germany, France and the U.K. are heading to Malaysia, China, Singapore and India to undergo orthopedic procedures at lower costs.
3. The growing prevalence of minimally invasive surgeries will spur market growth.
4. The report notes a barrier as the underpenetration of the market in emerging economies.
More articles on devices:
India to cap knee implant prices: 5 things to know
Globus Medical earns FDA clearance for Excelsius GPS: 5 highlights
Medtronic shareholders given green light to pursue suit against Medtronic’s Covidien deal
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.
