Increased Awareness of Elbow Replacement Market Forecasts to Grow at 3.2% CAGR to 2023
GlobalData estimates sales of elbow replacement implants to be approximately $47.1M across all 39 countries in 2016. This market will grow at a CAGR of 3.2% over the forecast period, reaching sales of $58.8M by 2023. The accelerators for growth in the elbow replacement market include changing population demographics, physical activity levels associated with the older generation, and an increased awareness of the procedure. Compared to past years, people tend to engage in competitive sports and other intense physical activities...
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