Global orthopedic devices market estimated to reach USD 41.2 billion by 2019

According to a market research report published by Transparency Market Research, the global orthopedic devices market is poised to grow rapidly over the next few years and may reach USD 41.2 billion by the end of 2019. The market reported revenue worth USD 29.2 billion in 2012. Market is likely to grow at a compound annual growth rate of 4.9 percent over 2013-2019. The key factors supporting growth of the market include increasing geriatric population and high demand for painless and noninvasive treatments. North America led the global market in 2012. Among the segments, knee and anchors segments captured the largest market share in 2012. The major global players of the global orthopedic devices market are Stryker, Medtronic, NuVasive, Zimmer Biomet, Orthofix, Medtronic, Globus Medical and DePuy Synthes.