7 Statistics About the Orthopedics Market

Tags: Datamonitor | global market | orthopedics | statistics

Here are seven statistics about the orthopedics market from independent market analyst Datamonitor.

1. The United States leads the global orthopedics market, accounting for 59.7 percent of revenue.

2. Europe accounts for 18.7 percent of the world orthopedics market; Asia Pacific: 10.3 percent and the rest of world accounts for 11.3 percent.

3. The U.S. orthopedics market grew by 8.3 percent in 2008, reaching a value of $11.4 billion.

4. Growth in the U.S. orthopedics market for the three preceding years was higher: 9.3 percent 2007, 9.8 percent in 2006 and 10.4 percent in 2005.

5. The compound annual growth rate of the U.S. orthopedics market from 2004-2008 was 9.5 percent.

6. Spine implants accounted for the largest segment of the U.S. orthopedics market — 39.1 percent of total revenue.

7. Knee implants made up 28.4 percent of the U.S. orthopedics market; hip: 20.3 percent; trauma: 10.6 percent; and shoulder: 1.5 percent.

Source: Datamonitor.