February 14, 2011 09:08 ET

Advanced Orthopedic Market Estimated at Over $28 Billion in 2010

ROCKVILLE, MD--(Marketwire - February 14, 2011) - has announced the addition of BCC Research's new report "Advanced Orthopedic Technologies, Implants and Regenerative Products" to their collection of Biotechnology market reports. For more information, visit

The total market for advanced orthopedic technology and products was estimated to exceed $28 billion in 2010. New technologies and an increasingly older population are two of the major driving forces within the market. By 2015, the advanced orthopedic technology and product market is likely to reach $32.4 billion, with a compound annual growth rate (CAGR) from 2010 to 2015 of 2.7%.

The global cartilage and soft tissue repair and regenerative product market realized sales of approximately $1.3 billion in 2010; a compound annual growth rate (CAGR) of 3.7% is expected to drive the market to nearly $1.6 billion by 2015.

Worldwide, the total joint replacement, implant and regenerative product markets generated approximately $23.8 billion in 2010 with a compound annual growth rate (CAGR) of 2.4% over the forecast period, reaching $26.8 billion in 2015.

The information for this report was obtained through primary and secondary data collection methods. Primary sources included interviews with more than 50 key executives, product managers, clinical specialists and other related key personnel involved with the orthopedic industry. Secondary sources included published literature, investment reports, company literature, and various business journals that have emphases on orthopedic devices and related areas.

Market data for this report pertains to the world market in U.S. dollars at the manufacturers' level. The base year of the report is 2010, with historical data provided for 2008 and 2009 and with forecast data provided for 2015. Historical, base year, and forecast data are provided for each market segment of the report. Growth rates are determined through a compilation of data including past trends, future trends, demographics, incidence, mortality, products in research and development, current product growth, etc. Competitor market share estimates are provided for each market segment for the 2010 base year.

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