Increasing age also enhances the probability of being prone to musculoskeletal disorders, a trend that’s boosting the underlying demand for orthopedic surgeries in majority of the world’s developed economies. The global orthopedic devices sector, driven by a positive demographic outlook and increasing awareness and affordability, is expected to continue its growth trajectory in the years to come.
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The global orthopedic devices market was valued at $26 billion in 2008. Driven by growth in the joint reconstruction category, the market is forecast to grow by 9.3% annually during 2008-2015 to reach $48.5 billion by 2015.
In a market which has been witnessing significant consolidation activities, Stryker, Depuy and Zimmer remain the leading players. However, with multiple high value products lined up for launch in the next few years, dynamism in the prevalent competitive landscape can never be ruled out.
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This latest orthopedic devices market data and analysis was taken from the research report
"Global Orthopedic Devices Market Analysis & Forecasts to 2015 " published by Global Markets Direct - for more information on this report
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