HRBody
Small Bone and Joint Implants
Market Overview
January 2006
Often forgotten within the orthopedic community, the small bone and joint implant segment is finally poised for tremendous growth. As the hip and knee implant segments have matured over the last decade, clinicians and device manufacturers have made investments in smaller joints including shoulders, wrists, and ankles, generating worldwide revenue of $1.0 billion in 2005. Driven by positive demographics and technological innovation, the market should double by 2011 to $2.0 billion. This translates to a compound annual growth rate (“CAGR”) of 11.5% over the 6-year period, second only to spine.
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