The orthopedic device market is expected to grow at an annual rate of 4.9 percent from 2013 to 2019 and reach a value of $41.2 billion, according to a Transparency Market Research report.
As of 2012, the market was valued at $29.2 billion.
Devices include those for hips, knee, spine, shoulder, elbow, foot and ankle, craniomaxillofacil and other extremities.
Knee devices used to make up the largest potion of the market, but recalls and lawsuits have caused stagnation and a decline in growth.
Major market players include DePuy Synthes, Zimmer and Stryker.
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Devices include those for hips, knee, spine, shoulder, elbow, foot and ankle, craniomaxillofacil and other extremities.
Knee devices used to make up the largest potion of the market, but recalls and lawsuits have caused stagnation and a decline in growth.
Major market players include DePuy Synthes, Zimmer and Stryker.
More Articles on Devices:
Dr. Isador Lieberman Performs 250 Surgeries with Mazor Robotics Spine Technology
Bone Graft & Substitutes Market Value to Increase to $2.7B by 2020
Aurora Spine Sells 100 ZIP Interspinous Fusion Devices in Italy