The Latin America, Middle East and Africa Osteosynthesis Devices Market would witness market growth of 13.3% CAGR during the forecast period (2022-2028).
The development and synthesis of high molecular weight, low monomer content polylactide requires a procedure. A high-quality polymer is put through mechanical, chemical, and simulated in vitro tests. Further testing of the polymer's biocompatibility is done on canine and rabbit models.
In the near future, the market for bioabsorbable osteosynthesis devices is anticipated to increase significantly as a result of the introduction of new products. Changing consumer trends have also been seen to be a positive market indicator. The growth of items made from bioabsorbable materials is a result of the susceptibility difficulties associated with the usage of metal implants increasing year over year.
Due to the lax regulations within the healthcare sector in these nations, top players are establishing their presence there, increasing customer preference towards preserving an attractive and approachable appearance. Eliminating negative consequences like migraines, development disturbances, radio-opacity, and others is prioritized in order to give the body a secure environment. Making bioabsorbable polymers requires making a lot of educated guesses in order to produce a material that is safe for usage.
The growing issue of musculoskeletal disorders as a result of stressful working environments and poor posture is driving the South African orthopedic braces and supports the sector. Furthermore, the increased number of road accidents in the region is boosting the industry. According to the International Transport Forum's 2019 Road Safety Annual Report, the number of road fatalities in South Africa increased by 52 percent between 2000 and 2018. The market is also expected to benefit from increased government spending on the construction of healthcare infrastructure and facilities. Furthermore, as more customers invest in preventative care solutions, the demand for Osteosynthesis Devices is expected to rise during the forecast period due to rising consumer awareness about healthcare and fitness.
The Brazil market dominated the LAMEA Osteosynthesis Devices Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $257 million by 2028. The Argentina market is anticipated to grow at a CAGR of 13.9% during (2022 - 2028). Additionally, The UAE market would exhibit a CAGR of 13% during (2022 - 2028).
Based on Type, the market is segmented into Internal (Screws & Plates, Wires & Pins, Intramedullary Rods & Nails, and Spinal Fixation Devices) and External (Fracture Fixation and Bone Lengthening). Based on Material, the market is segmented into Nondegradable and Degradable. Based on Fracture Type, the market is segmented into Patella, Tibia or Fibula, or Ankle, Hand & Wrist, Foot Bones & Vertebral Column, Hip, Pelvis, Clavicle, Scapula, or Humerus, Femur, Radius or ulna, 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 Osteosynthesis Devices Market is Predict to reach $14.2 Billion by 2028, at a CAGR of 8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include DePuy Synthes, Inc. (J & J Company), Stryker Corporation, Zimmer Biomet Holdings, Inc., Smith & Nephew PLC, Medtronic PLC, Olympus Corporation, Globus Medical, Inc., Arthrex, Inc., Lepu Medical Technology Co., Ltd, and Life Spine, Inc.
By Type
By Material
By Fracture Type
By Country
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