Innovations in Orthopedic Devices to Transform Industry (Frost & Sullivan)
The orthopedic devices industry will continue to be a promising area in the global medical technology space, and is expected to rank third in sales after cardiology and in-vitro diagnostics by 2020. According to Frost & Sullivan, the industry generated revenue of $39.40 billion in 2016; revenue is expected grow at a compound annual growth rate (CAGR) of 3.3% to reach $44.82 billion in 2020. The emergence of advanced technologies and the rise in orthopedic disorders will drive industry growth. Six of the latest...