global orthopedic device industry is expected to reach $62.6 billion by 2022

The global orthopedic device industry is expected to reach an estimated $62.6 billion by 2022 and is forecast to grow at a CAGR of 5.5% from 2017 to 2022.

According to a new market report published by Lucintel, the future of the global orthopedic device industry looks attractive with opportunities in public and private hospitals. The global orthopedic device industry is expected to reach an estimated $62.6 billion by 2022 and is forecast to grow at a CAGR of 5.5% from 2017 to 2022. The major drivers for the growth of this market are the increasing aging population, increasing adoption of advancements in medical technologies, and growing healthcare expenditure and awareness.

In this market, orthopedic reconstruction, spinal devices, trauma fixation devices, craniomaxillofacial devices, dental implants, soft tissue repair, braces and accessories, and orthobiologics are the major segments by device type. On the basis of comprehensive research, Lucintel forecasts that the orthopedic reconstruction, trauma fixation devices, and orthobiologics segments are expected to show above average growth during the forecast period due to an increasing geriatric population, the rising prevalence of osteoporosis and osteoarthritis, and the increasing incidence of road accidents.

Within the global orthopedic device industry, orthopedic reconstruction is expected to remain the largest segment by device type...Read more
http://www.lucintel.com/orthopedic-device-industry-2017-2022.aspx


Contact Details

Company Name: Lucintel
Issued By: Tushita Roy
Phone: 1-972-636-5056
Address: 222 Las Colinas Blvd West, Suite 1650, Irving, TX 75039, USA
City: Irving
State: Texas
Zip: 75039
Country: United States
Website: Visit the website

Keywords : Orthopedic Device Industry, Orthopedic Device market,

by Tushita Roy (few years ago!)

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