March 6, 2018
Global orthopedics market set to grow
Editor's Note
A GlobalData analysis predicts the global orthopedics market will reach $66.2 billion by 2023, with a compound annual growth rate of 3.8%, the March 2 Becker’s SpineReview reports.
Among the key players in the market, which is dominated by spine devices, hip and knee implants, and trauma fixation devices, are Medtronic, Stryker, Smith & Nephew, and DePuy Synthes.
The global orthopedics market is set to grow at a compound annual growth rate of 3.8 percent through 2023, according to a GlobalData analysis. Here are five observations: 1. In 2017, the global orthopedics market was worth $52.8 billion. It will likely reach $66.2 billion by 2023. 2.
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