July 2016

GlobalData predicts slow joint surgery mkt

London, UK-based GlobalData on June 29 forecasted slow expansion through 2022 for the global hip and knee reconstruction market, which encompasses 39 countries and includes primary, partial, and revision hip and knee replacements, as well as hip resurfacing.

Sluggish growth will see the market increase at a compound annual growth rate of 2.5%, from just under $14 billion in 2015 to $16.46 billion by 2022, according to the research and consulting firm.

Austerity measures in Europe, the medical device excise tax in the US, and deferrals of elective surgeries will stunt market growth, according to GlobalData.

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