Global Orthopedic Devices Market Expected to Reach $57.9B by 2016

A new report estimates the orthopedic device market will reach $57.9 billion by 2016, according to research firm Markets and Markets.

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The fastest growing market, spinal devices, is expected to reach a value of $13.5 billion by 2016 with a CAGR of 9.3 percent. The joint reconstruction market, boosted by aging baby boomers, is expected to reach $19.2 billion by 2016 with a CAGR of 5.8 percent.

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