The global orthopedic devices market is expected to increase at a CAGR of 4.57 percent between 2016 and 2020, based on a Technavios report, according to Virtual-Strategy Magazine.
Here are five notes:
1. The report analyzes the spine, trauma and extremities, knee, hip as well as foot and ankle sectors.
2. An increasing number of orthopedic disorders will drive the market’s growth.
3. Post-surgery complications will pose as an obstacle to market growth.
4. The adoption of robotic-assisted surgery will be a growing trend in the market.
5. DePuy Synthes, Medtronic, Smith & Nephew, Stryker and Zimmer-Biomet dominate the market.