Orthopedic prosthetics market expected to experience 5.1% CAGR, reach $3M by 2028 — 3 insights

The orthopedic prosthetics market is expected to increase at a 5.1 percent compound annual growth rate, topping $3 million by 2028, according to a Future Market Insights report.

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Here are three insights:

1. The orthopedic prosthetics’ market expansion is, in part, the result of an increased demand of custom-made 3D-printed implants.

2. Rising instances of accidental injuries and a growing prevalence of arthritis have been key factors fueling the orthopedic prosthetics market over the years.

3. Key regions of the market include: North America, Western Europe and Asia Pacific, excluding Japan. The following regions’ CAGR is expected to increase by:

• 5.6 percent — North America
• 5 percent — Western Europe
• 6.7 percent — Asia Pacific

More articles on devices and implants:
RTI Surgical to acquire Paradigm Spine for up to $300M: 5 things to know
Smith & Nephew Q3 revenue up 2% to $1.17B: 5 things to know
3 things to know about Maxx Medical

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