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Orthopedic market sales grew 6.5% in 2023 to $59 billion worldwide on the heels of a post-pandemic recovery that continued to gather momentum. Orthopedic surgery volumes improved further in 2023, with a catch-up on joint replacement procedures providing the biggest tailwind.
Procedures lost or deferred during the pandemic have reentered the funnel. We expect the tailwind will last throughout 2024 and into the early portion of 2025. However, there’s some “noise” in medtech that could create disruption and slow growth.
This BONEZONE Download includes our forecast for the orthopedic market out to 2027 and look at the trends that are shaping the industry today.
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