Here are five observations:
1. The market will grow at a compound annual growth rate of 7.38 percent between 2017 and 2023.
2. North America dominates the global market, due to a spike in orthopedic procedures in the United States.
3. Europe takes second in the global market, with chronic pain serving as a major culprit of orthopedic disorders.
4. A growing number of orthopedic diseases and an increasing understanding of treatment availability will spur global market growth.
5. Zimmer Biomet, DePuy Synthes, Stryker, Medtronic and Smith & Nephew lead the space.
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