Industry News

Latest orthopaedic industry news on orthopaedic companies, devices, implants & technology trends.

The global ultrasound device market was valued at $6,014.4 million in 2015, and it is expected to grow at a CAGR of 5.5% during 2016-2022. Based on portability of ultrasound, the portable/compact/handheld ultrasound segment is expected to witness the faster growth at a CAGR of 8.8%, during the forecast period.

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The growing demand for low-cost medical equipment and rising prevalence of healthcare-associated infections (HAIs) are the major factors positively influencing the growth of the disposable medical sensors market.

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The global MRI compatible patient monitoring systems market is growing, due to increasing installation of MRI devices. The increase in geriatric population worldwide is resulting in the growth of the global MRI compatible patient monitoring systems market, as the geriatric population is more susceptible to diseases, sickness and syndromes, due to less regenerative abilities.

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The global computed tomography market was valued at $4,894.3 million in 2015, and it is expected to grow at a CAGR of 5.0% during 2016-2022.

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Americas Orthopedic Biomaterial Market information By type of material (Metal and Non metal), By Application (Joint Replacement, fracture Fixation Devices, Tissue Fixation, Spine implants Viscosupplementation) - Forecast to 2023

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The global biosensors market was valued at $14,169.5 million in 2015, and it is expected to grow at a CAGR of 9.8% during 2016-2022. Based on application, the environment segment is expected to witness the fastest growth, CAGR of 11.5%, during the forecast period.

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The global portable ultrasound device market was valued at $1,392.8 million in 2015, and it is expected to grow at a CAGR of 8.8% during 2016-2022.

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3D printing continues to be a profitable avenue in the global medical technology space. The development of advanced technologies along with the rise in orthopedic complications are major growth aspects boosting the demand for 3D Printed Orthopedic Implants.  

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The global neurostimulation device market was valued at $5,656.1 million in 2015, and it is expected to grow at a CAGR of 12.9% during the period 2016 - 2022.  

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The increasing demand for miniaturized connectors, expanding medical devices industry, surging aging population, and rising prevalence of chronic diseases are some of the major reasons behind for the prosperity of the medical connectors market. In 2016, the market attained a size of $1.9 billion, and it is projected to generate a revenue of $2.8 billion by 2023, progressing at a CAGR of 6.3% during the forecast period (2017–2023). Medical connectors are used to latch or un-latch the tubing in medical devices and connect such devices and systems for transferring signals, data, media or power.  

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