This book constitutes the refereed proceedings of the 5th International Workshop and Challenge on Computational Methods and Clinical Applications for Musculoskeletal Imaging, MSKI 2017, held in conjunction with MICCAI 2017, in Quebec City, QC, Canada, in September 2017. The 13 workshop papers were carefully reviewed and selected for inclusion in this volume. Topics of interest include all major aspects of musculoskeletal imaging, for example: clinical applications of musculoskeletal computational imaging; computer-aided detection and diagnosis of conditions of the bones, muscles and joints; image-guided musculoskeletal surgery and interventions; image-based assessment and monitoring of surgical and pharmacological treatment; segmentation, registration, detection, localization and visualization of the musculoskeletal anatomy; statistical and geometrical modeling of the musculoskeletal shape and appearance; image-based microstructural characterization of musculoskeletal tissue; novel techniques for musculoskeletal imaging.