Here are five things to know:
1. In 2015, the market was valued at $14 billion.
2. The market is expected to reach $16.46 billion by 2022, growing at a compound annual growth rate of 2.5 percent.
3. The report’s authors stated various factors including the U.S. medical excise tax, elective surgeries’ deferrals and Europe austerity measure will pose as barriers to market growth.
4. Thirty-nine countries comprise the global hip and knee reconstruction market.
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