What’s new with GlobalData's Medical Devices Industry Reports15 Sep 2011 • by Natalie Aster
Market Publishers Ltd informs that new GlobalData's Medical Devices Industry Reports have been added to its catalogue:
The global orthobiologics market was valued at $4.8 billion in 2010, and is forecast to grow at a compound annual growth rate (CAGR) of 6.8% to reach $7.6 billion in 2017. The market is expected to be driven by a rapid increase in the elderly population, an increase in the prevalence of arthritis, technological innovations, the increasing number of spinal fusion surgeries and the increase in the trend of medical tourism.
The global arthroscopy devices market is forecast to reach $3.9 billion by 2017, with a compound annual growth rate (CAGR) of 5% from 2010–2017. Arthroscopy devices are used to diagnose and treat joint defects, and an increasing number of surgeons are using this minimally invasive method of surgery. As a result, the number of minimally invasive surgical methods, such as arthroscopic procedures, has increased over the past few years. Technological advancements in the field of arthroscopy have resulted in improved efficiency and the creation of new applications, such as to treat hip joint defects.
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