The global orthopedic devices market is anticipated to grow at a compound annual growth rate of 4.57 percent between 2016 and 2020, based on a ResearchMoz report, according to Digital Journal.
Here are five highlights:
1. The report breaks the orthopedics market into the following segments: spine, trauma and extremities, knee, hip and foot and ankle.
2. Key market players include DePuy Synthes, Medtronic, Smith & Nephew, Stryker and Zimmer-Biomet.
3. In 2015, Stryker's orthopedic sales reached $4.2 billion.
4. Zimmer Biomet's knee product sales totaled $2.2 billion in 2015, and its hip product net sales reached $1.5 billion.
5. Medtronic's spine business increased 6 percent outside of the United States in 2015.