The total market for advanced orthopedic technology and products was estimated to exceed $28 billion in 2010, according to a MarketResearch news release.
New technologies and an increasingly older population are two of the major driving forces within the market. By 2015, the advanced orthopedic technology and product market is likely to reach $32.4 billion, with a compound annual growth rate from 2010-2015 of 2.7 percent.
The global cartilage and soft tissue repair and regenerative product market alone realized sales of approximately $1.3 billion in 2010, with a CAGR of 3.7 percent expected to drive sales to $1.6 billion by 2015. Worldwide, the total joint replacement, implant and regenerative product markets generated approximately $23.8 billion in 2010, with a CAGR of 2.4 percent expected to drive those sales to $26.8 billion in 2015.
Read the news release about the advanced orthopedic market.
Read other coverage about medical devices:
- FDA Releases Final Rule on Software, Hardware Used With Medical Devices
- Anesthesiology Devices Recalled After Weak Oversight by FDA
- Study: Recalled Medical Devices Were Cleared Through Less-Stringent 510(k) process
New technologies and an increasingly older population are two of the major driving forces within the market. By 2015, the advanced orthopedic technology and product market is likely to reach $32.4 billion, with a compound annual growth rate from 2010-2015 of 2.7 percent.
The global cartilage and soft tissue repair and regenerative product market alone realized sales of approximately $1.3 billion in 2010, with a CAGR of 3.7 percent expected to drive sales to $1.6 billion by 2015. Worldwide, the total joint replacement, implant and regenerative product markets generated approximately $23.8 billion in 2010, with a CAGR of 2.4 percent expected to drive those sales to $26.8 billion in 2015.
Read the news release about the advanced orthopedic market.
Read other coverage about medical devices:
- FDA Releases Final Rule on Software, Hardware Used With Medical Devices
- Anesthesiology Devices Recalled After Weak Oversight by FDA
- Study: Recalled Medical Devices Were Cleared Through Less-Stringent 510(k) process