The global small bone and joint orthopedic devices market is expected to grow at a 8.1 percent compound annual growth rate, reaching $8.2 billion by 2023, according to a Transparency Market Research report.
Here are three things to know:
1. The fracture fixation and replacement systems segment of the market held the largest market share in 2014. It will expand at an 8 percent CAGR from 2015 to 2023 to reach $3.2 billion by 2023.
2. The external fixation devices segment will be the fastest growing segment. It is projected to expand at a 8.20 percent CAGR from 2015 to 2023.
3. 11 key players in the global small bone and joint orthopedic devices market include:
- Acumed
- DJO Global
- DePuy Synthes
- Stryker
- Wright Medical Group
- Z-Medical
- Arthrex
- Flower Orthopedics
- Smith & Nephew
- Tecomet
- Zimmer Biomet Holdings
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