The Latin America, Middle East and Africa Orthopedic Implants Market would witness market growth of 8.9% CAGR during the forecast period (2022-2028).
In craniomaxillofacial surgery (CMF), abnormalities of the head and face that are congenital or acquired are corrected. CMF deformity surgical treatment is one of the most challenging procedures. Forming a detailed surgical plan and choosing instruments are more essential factors in these procedures' success than only the technical parts of the course. For patients needing face or cranial bone therapy due to craniomaxillofacial injuries and other trauma fractures, craniomaxillofacial surgery is often performed.
The majority of Craniomaxillofacial operations are achieved due to auto accidents. Technological advancements, such as the invention of the titanium cranial attaching system and improved device application efficiency, are driving the growth of the cranial flap fixing sector. Also, soon, polymer-based bio-absorbable implants are anticipated to gain popularity. Prosthetics, plates, and screws comprise most of the extensive spectrum of orthopedic trauma implants.
These devices come in various sorts and models useful for multiple orthopedic operations. For example, vital prostheses include ACL-PCL implants, hip prostheses, maxillofacial implants, spinal implants, radial implants, and others. In addition, cannulated Cancellous Screws, available in various patterns and shapes, are included in the spectrum of orthopedic screws. During the surgical fixing procedure, these screws are crucial. In addition, an extensive range of plates is also available, and some critical tools include large pieces, locking plates, mini fragments, and tiny fragments.
One of the key drivers of economic expansion in the United Arab Emirates (UAE) is the healthcare sector. Due to escalating healthcare prices and the absence of insurance coverage for particular treatments like dermatology, dentistry, and orthopedics in western nations, the UAE has become a popular choice for westerners seeking medical care. The Dubai World Trade Center reports that around 350,118 tourists traveled to the area in 2019 for medical purposes. The medical center in the area is recognized as the sixth-best medical center in the world. Moreover, it is projected that the need for orthopedic implants will increase as more consumers engage in preventive healthcare options.
The Brazil market dominated the LAMEA Orthopedic Implants Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $691.8 Million by 2028. The Argentina market is exhibiting a CAGR of 9.5% during (2022 - 2028). Additionally, The UAE market would showcase a CAGR of 8.6% during (2022 - 2028).
Based on Product, the market is segmented into Knee Implants, Spinal Implants, Craniomaxillofacial Implants, Hip Implants, Dental Implants and SET Implants. Based on End-use, the market is segmented into Hospitals, Orthopedic Clinics and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Orthopedic Implants Market is Predict to reach $45.7 Billion by 2028, at a CAGR of 6.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Medtronic PLC, Johnson & Johnson (DePuy Synthes), Stryker Corporation, Zimmer Biomet Holdings, Inc., Smith & Nephew PLC, ConMed Corporation, B. Braun Melsungen AG (Aesculap, Inc.), Colfax Corporation, NuVasive, Inc., and Arthrex, Inc.
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