A historical look at orthopedic market growth gives one take on how the industry has changed over the last 20+ years.
Orthopedic growth hovered above 15% in the early aughts. During the Great Recession, we saw the growth rate drop below 10%. Then, the passage of healthcare reform in the U.S. in 2010 began a paradigm shift in orthopedics and the normalization of low-single-digit growth. Worldwide orthopedic industry growth has been in the +2% to +3% range for much of the last decade.
While COVID-19 created a rollercoaster situation for orthopedics, we project a return to more predictable growth in 2022, as seen in the infographic below.