Orthopaedic devices are a major contributor to the global medical device market, accounting for almost $26 billion in 2006, and with a growth rate that reflects growth in the medical sector overall. The table below gives a market growth projection for the five years 2007-2011.
| | Worldwide Sales | Growth |
| 2006 | 25,764 | -- |
| 2007 | 27,122 | 5.3% |
| 2008 | 28,562 | 5.3% |
| 2009 | 30,989 | 8.5% |
| 2010 | 31,708 | 2.3% |
| 2011 | 33,425 | 5.4% |
| CAGR | 5.3% | |
Orthopaedic Biomaterials
The current valuation of the orthopaedic biomaterials segment is around $5 billion, representing over 17% of the orthopaedic total. It is also estimated that this market segment will grow at 10-12% a year, that is more than double the rate for the overall orthopaedics market. At this rate the biomaterials segment will achieve a value of $9.5 billion by 2011 and will represent 28% of all orthopaedic product sales.
The global market for orthopedic biomaterials is analyzed in a new report from MedMarket Diligence (www.mediligence.com).
Tags: medtech, orthopedic
No comments:
Post a Comment