Industry Analysis & Industry Trends
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The industry is in constant demand, as hospitals are increasingly perfoming surgeries and continually in need of surgical instruments. Revenue grew strongly, even through the recession, as baby boomers entered into retirement age. This trend will continue and demand is expected to remain steady riding on the coattails of ageing baby boomers and healthcare reform.... purchase to read more
Industry Report - Industry Analysis Chapter
Demand for surgical instruments is surging because underlying demographics, including an aging population, rising obesity rates and increased fitness, are causing individuals to require more surgeries each year. Meanwhile, advanced technologies that allow for minimally invasive procedures and other new procedures are also increasing the number of surgeries performed. Despite the decline in elective surgeries due to lower disposable incomes during the recession, the number of surgeries performed in hospitals rose from 19.9 million in 2006 to 27.0 million in 2009 (most recent data available). The number of surgeries performed in freestanding ambulatory centers is expected to be increasing even faster than this 10.7% average annualized rate... purchase to read more