A new report estimates the orthopedic device market will reach $57.9 billion by 2016, according to research firm Markets and Markets.
The fastest growing market, spinal devices, is expected to reach a value of $13.5 billion by 2016 with a CAGR of 9.3 percent. The joint reconstruction market, boosted by aging baby boomers, is expected to reach $19.2 billion by 2016 with a CAGR of 5.8 percent.
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The fastest growing market, spinal devices, is expected to reach a value of $13.5 billion by 2016 with a CAGR of 9.3 percent. The joint reconstruction market, boosted by aging baby boomers, is expected to reach $19.2 billion by 2016 with a CAGR of 5.8 percent.
Related Articles about Market Expectations:
Robotic Surgery Equipment Manufacturing Industry Expected to Reach $4.2B by 2016
Weight Loss Services Industry Revenue to Reach $4.1B by 2016
Global Anesthesia Equipment Market to Grow 7.4% Through 2014