The global orthopedic trauma devices market is expected to reach $9.4 billion by 2020, growing at a 7.2 percent compound annual growth rate, according to a Persistence Market Research report.
Here are three insights:
1. The report attributes the prevalence of osteoarthritis and rheumatoid arthritis as positively impacting the demand for orthopedic trauma fixation devices.
2. The most prominent market player is DePuy Synthes.
3. Other key market players include Stryker, Zimmer Biomet, Smith & Nephew, Orthofix International, Medtronic and NuVasive.