Here are eight observations:
1. In 2016, the market was worth $43.8 billion.
2. The global orthopedic devices market is set to grow at a 4.3 percent compound annual growth rate through 2023.
3. The growing number of osteoporosis cases and the increasing aging population will boost the orthopedics market.
4. North America captured 39.6 percent of the market in 2016.
5. The European market will likely hit $19.5 billion by 2023.
6. The Asia-Pacific market will grow at the greatest CAGR of 6.2 percent through 2023.
7. The Middle East and Africa market is trending lower in growth compared to the global average, but will likely grow at a steady rate.
8. Key market players include DePuy Synthes, Stryker and Zimmer Biomet.
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