Knee, hip reconstruction market to hit $16.5B by 2022

Editor's Note

A GlobalData report predicts the global knee and hip reconstruction market will reach almost $16.5 billion by 2022, with a 2.5% compound annual growth rate, according to the June 29 Becker’s Spine Review.

Among the things to know:

• The market was valued at $14 billion in 2015.
• Various factors, including the US medical excise tax, elective surgery deferrals, and the Europe austerity measure could pose a barrier to market growth.
• The global knee and hip market includes 39 countries.

A GlobalData report found the global hip and knee reconstruction market is expected to experience substantial growth from 2015 through 2022. Here are five things to know: 1. In 2015, the market was valued at $14 billion. 2. The market is expected to reach $16.46 billion by 2022, growing at a compound annual growth rate of 2.5 percent.