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Report: Orthopedic device market set for big growth by 2021

(Photo supplied/Zimmer Biomet)

A new market data forecast report shows the global orthopedic devices market is set to grow a little over 5 percent annually through 2021.

The medGadget data says the market will likely hit just over $49 billion by 2021 because of increasing geriatric population, more osteoporosis cases being diagnosed, and sports injuries on the rise.

The report shows the hip segment will see the most rapid growth through this time frame. Previously the knee segment dominated in 2016.

medGadget lists several Warsaw-based companies as those being affected by this data: Medtronic, Depuy, and Zimmer Biomet.

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