The small bone and joint orthopedic devices market is projected to grow at a CAGR of 8.1 percent from 2015 to 2023, according to medGadget.
Here are five facts:
1. In 2014, the market was valued at $4.1 billion.
2. With the increasing prevalence of osteoarthritis and osteoporosis, the market is set to reach $8.2 billion by 2023.
3. In the United States, half of the population more than 50 years of age is projected to be diagnosed with osteoporosis and low bone marrow density by 2020.
4. Presently, 52 percent of white women have osteopenia and 20 percent of white women have osteoporosis.
5. Key players in the market include Acumed, DJO Global, DePuy Synthes, Stryker, Wright Medical Group, Z-Medical GmbH, Arthrex, Flower Orthopedics, Smith & Nephew, Tecomet and Zimmer Biomet.
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