The global orthopedic devices market will likely grow at a compound annual growth rate of 5 percent between 2016 and 2022, according to a Market Research Engine report.
Here are three highlights:
1. The global orthopedic devices market is anticipated to reach $47.5 billion by 2022.
2. Smaller companies introducing novel products are driving market growth.
3. To remain competitive in the space, manufacturers must offer devices with more advanced technology.