Here are five observations:
1. In 2017, the global orthopedics market was worth $52.8 billion. It will likely reach $66.2 billion by 2023.
2. The spine devices, hip and knee construction implants as well as trauma fixation segments dominated the market in 2017.
3. The extremity implants segment will witness the most rapid growth through 2023, growing at a 6.2 percent CAGR.
4. With the extremity sector, shoulder will grow at a 6.5 percent CAGR and ankle will grow at a 6.3 percent CAGR through 2023.
5. Key market players include Medtronic, Stryker, Smith & Nephew and DePuy Synthes.
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