Irving, Texas (PRWEB) September 09, 2012
The global orthopedics device industry reached an estimated $36.7 billion in 2011 during 2006-2011 is expected to reach an estimated $46.3 billion by 2017 with a CAGR of 3.9% over the next five years.
Lucintel, a leading global management consulting and market research firm, has analyzed the global orthopedic device industry and offers its findings in this comprehensive research report, “Global Orthopedic Device Industry 2012-2017: Trend, Profit, and Forecast Analysis."
Lucintel’s research found that the orthopedics industry has been able to grab the attention of both aggrieved patients as well as the investors looking for opportunities for investments. A large number of individuals are opting for minimally invasive surgeries and treatment options, which explains the growth rate of the industry. Spinal implants, trauma implants, and orthobiologics are some of the key segments generating revenue growth in the industry. The reconstructive joint implant segment depicted the highest growth during 2006-2011 and is expected to continue its growth momentum in the forecast period.
The report focuses on North America, Europe, Asia Pacific, and Rest of the World (ROW). Europe emerged as depicting the highest growth potential during 2006-2011 and is expected to retain its leading position over the forecast period of 2012-2017.
As per the study, rising life expectancy and increased per capita income are driving growth in the industry. A few elements tend to obstruct this growth such as huge socioeconomic diversity in population, healthcare infrastructure, and increasing regulatory interference for orthopedics device.
This report provides insights into the recent industry overview, factors shaping the industry, global macroeconomic overview, future opportunities, hazards,market trends and forecast of major players, and more.
The data and analysis found in this report can be utilized for a variety of functional business reasons, including: business development, strategic planning, determination of market size and trends, competitive analysis, investment decisions, and joint product development.
For a detailed table of contents and pricing information on this timely,market report, contact Lucintel at +1-972-636-5056 or via email at firstname.lastname@example.org. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, and cost efficiency. Lucintel has started Live Chat in its Web Site to answer visitors' questions in real time with precision. Visitors can either chat with our experts or call them free of cost through Live Chat to get assistance about what they are looking for from Lucintel.