Over the next five years, the orthopaedics market in Brazil, India, and China will see a boost from medical tourism, better surgeon training, and growing adoption of certain procedures such as cranio maxillofacial fixation.
Some quick stats about the orthopaedic device market, courtesy of
GBI Research:
| |
China |
Brazil |
India |
| 2010 Value |
$879 million |
$575.6 million |
$385.6 million |
| 2017 Value (expected) |
$1.5 billion |
$778.6 million |
$878.3 million |
| Strength |
Major domestic companies that provide strong financial support for R&D. |
Popular destination for medical tourism. |
Surgical expenses are 60-80% lower than U.S. costs. |
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