Small Joints and Extremities Arthroplasty Device Market to Grow 9% Says New Report
According to the report ‘Small Joints and Extremities Reconstruction (Arthroplasty) Devices Markets Worldwide’ the small joint and extremities reconstruction market expanding faster than the hip and knee replacement market. New advanced technologies will allow this specialty market to hit $1 billion by the end of 2012 and continue to grow at a CAGR of about 9% over the next few years.
According to the Shoulder replacement or arthroplasty devices are the most common type of small joint replacements, accounting for almost three quarters of the $917million market in 2011. Elbow and ankle replacements offer high growth potential due to high rates of injury. There are only a handful of ankle replacement devices leaving a wide open field for new entrants.
The 192 page report profiles key joint reconstruction specialists such as DePuy, Tornier, Zimmer and Biomet, closely followed by other orthopedic giants like Stryker, Smith and Nephew and Wright Medical. View the Report.
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