Three takeaways:
1. Increasing prevalence of degenerative bone diseases will drive global demand for orthopedic devices. The rapidly growing geriatric population will also contribute to market growth.
2. Analysts expect the global joint reconstruction market to hit $22.4 billion by 2025 as joint replacements become more common and less expensive.
3. The U.S. orthopedic devices market will grow at an estimated 2.4 percent through 2025. In 2018, the U.S. accounted for the largest share of the global market.
More articles on devices:
Centinel Spine device for total disc replacement celebrates 18 years
10 device company notes
Stryker enters into licensing, distribution agreement with Conformis
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.