Orthopedic Implants Global Market to touch $30.5 billion in 2012
Hyderabad - A new global market report 'Orthopedic Implants - A Global Market Overview' has been released by Industry Experts, a multi industry focused market research firm. According to the report, the global market for orthopedic implants is projected to reach US$ 46.5 billion by 2017 from an estimated US$ 21.1 billion in 2007, growing by a CAGR (2007-2017) of 8.2%. “Fit and Forget” is a fundamental requirement in several critical applications, and human body implants are a part and parcel of this challenging requirement. The number of people undergoing joint replacement surgery, such as total hip and knee replacement, has increased steadily and continues to do so, due to an increase in aging population. The number of younger patients has also increased due to higher quality of life expectations. Patients with high levels of immobility and pain have no option but to go in for major joint replacement, which can induce a radical change in people’s quality of life by reliev