Global orthopedic devices market to grow at CAGR of 4.57% — 5 highlights

The global orthopedic devices market is anticipated to grow at a compound annual growth rate of 4.57 percent between 2016 and 2020, based on a ResearchMoz report, according to Digital Journal.

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Here are five highlights:

 

1. The report breaks the orthopedics market into the following segments: spine, trauma and extremities, knee, hip and foot and ankle.

 

2. Key market players include DePuy Synthes, Medtronic, Smith & Nephew, Stryker and Zimmer-Biomet.

 

3. In 2015, Stryker’s orthopedic sales reached $4.2 billion.

 

4. Zimmer Biomet’s knee product sales totaled $2.2 billion in 2015, and its hip product net sales reached $1.5 billion.

 

5. Medtronic’s spine business increased 6 percent outside of the United States in 2015.

 

More articles on devices:
4 things to know about the global orthopedic bone cement & casting materials market
Vertebral Technologies launches pedicle screw system: 5 key notes
Benjamin Hutson joins Breg as VP of operations — 5 notes

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