Orthopedic Extremity Device Market to Surge Past $4.2B by 2016 (Millennium Research Group)
According to Millennium Research Group (MRG), the global authority on medical technology market intelligence, the United States orthopedic extremity device market will grow at a moderate rate to reach a total value of more than $4.2 billion by 2016. While more mature orthopedic markets, such as hips and knees, are fairly saturated, extremities are relatively untapped, and manufacturers have been investing heavily in this market, seeking growth. Orthopedic extremities include shoulder, foot and ankle, and hand, wrist and elbow.
Patient and surgeon demand for extremity procedures continues to grow, fueled by the rise in the over-50 population, the increasingly active aging population and the growing number of sports injuries in the younger population. Rising rates of obesity, osteoarthritis and osteoporosis also contribute to injuries to the extremities that require surgical treatment. Increased marketing by manufacturers has raised awareness of available treatments, further fueling procedure growth.
Another significant market driver has been the continued adoption of innovative premium-priced ...
