Here are five key trends:
1. The market was worth $5.7 billion in 2013 and is projected to be worth $9.4 billion by 2020.
2. It will grow at a compound annual growth rate of 7.20 percent from 2014 to 2020.
3. The rising incidence of fractures and sports injuries, as well as advancements in technology, is driving market growth.
4. Lack or awareness and the high cost of orthopedic trauma surgery is projected to constrain market growth.
5. Key players in the market include Orthofix, Wright Medical, Tornier, Johnson & Johnson and Stryker.
More articles on devices:
Globus Medical’s short position drops 0.6%: 4 points
Stryker to build 3-D printed device manufacturing facility: 6 notes
Spinal implants, devices market to grow at CAGR of 6% to 2020: 6 points
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.
