A Market Research Engine report found the global orthopedic devices market is expected to expand through 2022.
Here are three takeaways:
1. By 2020, the market is expected to reach $47.50 billion.
2. The market is projected to increase at a compound annual growth rate of 5 percent from 2016 to 2020.
3. More small players with very innovative products and designs will spur market growth.
More device news:
Analysts update price targets of NuVasive stock — 3 quick points
Medtronic, SeaSpine, Zimmer Biomet & more: 17 key notes
Orthogrid Systems offering outpatient and short-stay total joint surgeons complete control: 4 thoughts