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Sunday, June 11, 2017 4:26:09 PM
Posted on May 05, 2016
The global orthopedic devices market is expected to reach US$41.2 bn by the end of 2019, owing to multiple factors that are enabling it to progress at a CAGR of 4.9% from 2013 to 2019. This market was valued at US$29.2 bn in 2012, as stated in a research report published by leading market intelligence agency, Transparency Market Research. The report is titled “Orthopedic Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019.”
Of note this does not include Dental, 3-D printing and production of custom made infill components,
and new emerging markets such as Bionics and taking advantage of new technology like superior
advanced SiNi.
Very importantly, this study used a US/Europe derived CAGR rate and applied it to emerging markets and markets such as china (which are starting off of near non-existent sales. IMO this greatly errors on the low side of potential sales in China especially (but India and others also) which I expect to have very rapid growth and then in about 8 years a tapering off of growth to western levels.
Given the above, in my opinion AMDA management has been conservative (beyond belief almost) in stating the market size is $15 Billion ......
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