Orthopedic Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019 The global orthopedic devices market is expected to reach US$41.2 bn by the end of 2019, owing to multiple factors that are enabling it to progress at a CAGR of 4.9% from 2013 to 2019. This market was valued at US$29.2 bn in 2012, as stated in a research report published by leading market intelligence agency, Transparency Market Research. The report is titled “Orthopedic Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019.� Orthopedic devices are used to restore skeletal structure and joint movements in various types of fractures, abnormal growth of bones, soft tissue damage, trauma or other deformities. These devices can be surgically implanted or externally attached through minimally invasive procedures and hence can be classified as joint implants, internal and external fixation devices. Demand for orthopedic procedures is expected to grow in the near future owing to the increase in geriatric population and obesity across the globe. The major orthopedic device segments such as joint implants, internal and external fixation devices have been further analyzed on the basis of anatomical locations namely, hip, knee, shoulder, elbow, foot and ankle and other extremities.
Orthopedic Devices Market is Expected to Grow at a CAGR of 4.9% from 2013 to 2019
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