The U.S. orthopedic extremity market is projected to generate $4.6 billion by 2015, growing at a compound annual growth rate in excess of 10 percent, according to analysis by Millennium Research Group.
Despite the current economic conditions and the impending regulatory changes imposed by healthcare reform, an MRG report shows that the market will continue growing. The orthopedic extremities market was dominated by Arthrex, DePuy, Smith & Nephew, Stryker, Synthes and Zimmer Holdings in 2010.
Additional companies have been able to carve out a share of the market with devices such as Small Bone Innovation’s STAR three-piece mobile-bearing total ankle replacement and Tornier’s line of Aequalis reconstructive shoulder implants.
Read the release on Millennium Research Group’s projection for the extremities market.
Read other coverage on Millennium Research Group data:
- Millennium Research Group Releases New Global Orthopedic Market Data
- Millennium Research Group: Bone Graft Substitute Market to Reach $2.3B by 2015
- Millennium Research Group Outlook for Minimally Invasive Spinal Fusion Market