The Latin America, Middle East and Africa Upper Extremity Implants Market would witness market growth of 9.6% CAGR during the forecast period (2023-2029).
Upper extremity implants are made to either support a missing or damaged bone or joint, serve as a replacement for an injured bone or joint, or treat an injury that occurred to an upper extremity bone or joint. The purpose of the extremities implants is to correct abnormalities, maintain the body's posture, reconstruct the body joint or bone, and restore the normal functions of the skeleton. The market has recently undergone a change away from the utilization of traditional surgical procedures and toward the usage of contemporary fixation and prosthetic devices.
There has been a rise in the incidence rate of bone-related disorders such as osteoporosis and osteoarthritis, which requires upper extremity implants as treatment. Also, an increase in the incidence rate of sports injuries like as wrist fractures and shoulder injuries, a surge in the number of people over the age of 65, and a rise in the amount of capital invested in research and development are the primary factors that have led to the expansion of the market.
The Mid-Year 2018 Population Estimates Report from Statistics South Africa (Stats SA) contained data and projections that were used to estimate the aging of the South African population. According to the study, 8.3% of South Africa's population, or 57.3 million people, are over 60. From 3.3 million (7.2% of the population) in 2002 to 4.0 million (7.7% of the population) in 2012, the number and percentage of senior citizens in South Africa is predicted to increase by 5.7 million (9.1% of the population) by 2022. As a result, the proportion of seniors is anticipated to increase by 69.9%, compared to 31% for those under 60. The population over 60 is increasing twice as quickly each year (2.4%) as those under 60. As muscle-related issues among the elderly are more common, the demand is predicted to rise, driving the market's expansion in LAMEA.
The Brazil market dominated the LAMEA Upper Extremity Implants Market by Country in 2022 and would continue to be a dominant market till 2029; thereby, achieving a market value of $37.2 million by 2029. The Argentina market is exhibiting a CAGR of 10.2% during (2023 - 2029). Additionally, The UAE market would showcase a CAGR of 9.3% during (2023 - 2029).
Based on Material, the market is segmented into Metallic Biomaterials, Ceramic Biomaterials, Polymeric Biomaterials and Natural Biomaterials. Based on Type, the market is segmented into Shoulder, Elbow and Hand & Wrist. Based on End-use, the market is segmented into Hospitals, Clinics and ASCs'. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Upper Extremity Implants Market is Projected to reach USD 2.3 Billion by 2029, at a CAGR of 6.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Stryker Corporation, DePuy Synthes (Johnson & Johnson), Zimmer Biomet Holdings, Inc., Smith & Nephew PLC, Medtronic PLC, Aesculap, Inc. (B. Braun Melsungen AG), DJO Global (Enovis Corporation), Ossur Hf., Acumed LLC (Colson Medical, Inc.) and Arthrex, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Material
- Metallic Biomaterials
- Ceramic Biomaterials
- Polymeric Biomaterials
- Natural Biomaterials
By Type
- Shoulder
- Elbow
- Hand & Wrist
By End-use
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Stryker Corporation
- DePuy Synthes (Johnson & Johnson)
- Zimmer Biomet Holdings, Inc.
- Smith & Nephew PLC
- Medtronic PLC
- Aesculap, Inc. (B. Braun Melsungen AG)
- DJO Global (Enovis Corporation)
- Ossur Hf.
- Acumed LLC (Colson Medical, Inc.)
- Arthrex, Inc.
TABLE 1 LAMEA Upper Extremity Implants Market, 2019 - 2022, USD Million
TABLE 2 LAMEA Upper Extremity Implants Market, 2023 - 2029, USD Million
TABLE 3 Mergers & Acquisition – Upper Extremity Implants Market
TABLE 4 Product Launches And Product Expansions– Upper Extremity Implants Market
TABLE 5 Approvals and Trials– Upper Extremity Implants Market
TABLE 6 Geographical Expansions– Upper Extremity Implants Market
TABLE 7 LAMEA Upper Extremity Implants Market by Material, 2019 - 2022, USD Million
TABLE 8 LAMEA Upper Extremity Implants Market by Material, 2023 - 2029, USD Million
TABLE 9 LAMEA Metallic Biomaterials Market by Country, 2019 - 2022, USD Million
TABLE 10 LAMEA Metallic Biomaterials Market by Country, 2023 - 2029, USD Million
TABLE 11 LAMEA Ceramic Biomaterials Market by Country, 2019 - 2022, USD Million
TABLE 12 LAMEA Ceramic Biomaterials Market by Country, 2023 - 2029, USD Million
TABLE 13 LAMEA Polymeric Biomaterials Market by Country, 2019 - 2022, USD Million
TABLE 14 LAMEA Polymeric Biomaterials Market by Country, 2023 - 2029, USD Million
TABLE 15 LAMEA Natural Biomaterials Market by Country, 2019 - 2022, USD Million
TABLE 16 LAMEA Natural Biomaterials Market by Country, 2023 - 2029, USD Million
TABLE 17 LAMEA Upper Extremity Implants Market by Type, 2019 - 2022, USD Million
TABLE 18 LAMEA Upper Extremity Implants Market by Type, 2023 - 2029, USD Million
TABLE 19 LAMEA Shoulder Market by Country, 2019 - 2022, USD Million
TABLE 20 LAMEA Shoulder Market by Country, 2023 - 2029, USD Million
TABLE 21 LAMEA Elbow Market by Country, 2019 - 2022, USD Million
TABLE 22 LAMEA Elbow Market by Country, 2023 - 2029, USD Million
TABLE 23 LAMEA Hand & Wrist Market by Country, 2019 - 2022, USD Million
TABLE 24 LAMEA Hand & Wrist Market by Country, 2023 - 2029, USD Million
TABLE 25 LAMEA Upper Extremity Implants Market by End-use, 2019 - 2022, USD Million
TABLE 26 LAMEA Upper Extremity Implants Market by End-use, 2023 - 2029, USD Million
TABLE 27 LAMEA Hospitals Market by Country, 2019 - 2022, USD Million
TABLE 28 LAMEA Hospitals Market by Country, 2023 - 2029, USD Million
TABLE 29 LAMEA Clinics Market by Country, 2019 - 2022, USD Million
TABLE 30 LAMEA Clinics Market by Country, 2023 - 2029, USD Million
TABLE 31 LAMEA ASCs' Market by Country, 2019 - 2022, USD Million
TABLE 32 LAMEA ASCs' Market by Country, 2023 - 2029, USD Million
TABLE 33 LAMEA Upper Extremity Implants Market by Country, 2019 - 2022, USD Million
TABLE 34 LAMEA Upper Extremity Implants Market by Country, 2023 - 2029, USD Million
TABLE 35 Brazil Upper Extremity Implants Market, 2019 - 2022, USD Million
TABLE 36 Brazil Upper Extremity Implants Market, 2023 - 2029, USD Million
TABLE 37 Brazil Upper Extremity Implants Market by Material, 2019 - 2022, USD Million
TABLE 38 Brazil Upper Extremity Implants Market by Material, 2023 - 2029, USD Million
TABLE 39 Brazil Upper Extremity Implants Market by Type, 2019 - 2022, USD Million
TABLE 40 Brazil Upper Extremity Implants Market by Type, 2023 - 2029, USD Million
TABLE 41 Brazil Upper Extremity Implants Market by End-use, 2019 - 2022, USD Million
TABLE 42 Brazil Upper Extremity Implants Market by End-use, 2023 - 2029, USD Million
TABLE 43 Argentina Upper Extremity Implants Market, 2019 - 2022, USD Million
TABLE 44 Argentina Upper Extremity Implants Market, 2023 - 2029, USD Million
TABLE 45 Argentina Upper Extremity Implants Market by Material, 2019 - 2022, USD Million
TABLE 46 Argentina Upper Extremity Implants Market by Material, 2023 - 2029, USD Million
TABLE 47 Argentina Upper Extremity Implants Market by Type, 2019 - 2022, USD Million
TABLE 48 Argentina Upper Extremity Implants Market by Type, 2023 - 2029, USD Million
TABLE 49 Argentina Upper Extremity Implants Market by End-use, 2019 - 2022, USD Million
TABLE 50 Argentina Upper Extremity Implants Market by End-use, 2023 - 2029, USD Million
TABLE 51 UAE Upper Extremity Implants Market, 2019 - 2022, USD Million
TABLE 52 UAE Upper Extremity Implants Market, 2023 - 2029, USD Million
TABLE 53 UAE Upper Extremity Implants Market by Material, 2019 - 2022, USD Million
TABLE 54 UAE Upper Extremity Implants Market by Material, 2023 - 2029, USD Million
TABLE 55 UAE Upper Extremity Implants Market by Type, 2019 - 2022, USD Million
TABLE 56 UAE Upper Extremity Implants Market by Type, 2023 - 2029, USD Million
TABLE 57 UAE Upper Extremity Implants Market by End-use, 2019 - 2022, USD Million
TABLE 58 UAE Upper Extremity Implants Market by End-use, 2023 - 2029, USD Million
TABLE 59 Saudi Arabia Upper Extremity Implants Market, 2019 - 2022, USD Million
TABLE 60 Saudi Arabia Upper Extremity Implants Market, 2023 - 2029, USD Million
TABLE 61 Saudi Arabia Upper Extremity Implants Market by Material, 2019 - 2022, USD Million
TABLE 62 Saudi Arabia Upper Extremity Implants Market by Material, 2023 - 2029, USD Million
TABLE 63 Saudi Arabia Upper Extremity Implants Market by Type, 2019 - 2022, USD Million
TABLE 64 Saudi Arabia Upper Extremity Implants Market by Type, 2023 - 2029, USD Million
TABLE 65 Saudi Arabia Upper Extremity Implants Market by End-use, 2019 - 2022, USD Million
TABLE 66 Saudi Arabia Upper Extremity Implants Market by End-use, 2023 - 2029, USD Million
TABLE 67 South Africa Upper Extremity Implants Market, 2019 - 2022, USD Million
TABLE 68 South Africa Upper Extremity Implants Market, 2023 - 2029, USD Million
TABLE 69 South Africa Upper Extremity Implants Market by Material, 2019 - 2022, USD Million
TABLE 70 South Africa Upper Extremity Implants Market by Material, 2023 - 2029, USD Million
TABLE 71 South Africa Upper Extremity Implants Market by Type, 2019 - 2022, USD Million
TABLE 72 South Africa Upper Extremity Implants Market by Type, 2023 - 2029, USD Million
TABLE 73 South Africa Upper Extremity Implants Market by End-use, 2019 - 2022, USD Million
TABLE 74 South Africa Upper Extremity Implants Market by End-use, 2023 - 2029, USD Million
TABLE 75 Nigeria Upper Extremity Implants Market, 2019 - 2022, USD Million
TABLE 76 Nigeria Upper Extremity Implants Market, 2023 - 2029, USD Million
TABLE 77 Nigeria Upper Extremity Implants Market by Material, 2019 - 2022, USD Million
TABLE 78 Nigeria Upper Extremity Implants Market by Material, 2023 - 2029, USD Million
TABLE 79 Nigeria Upper Extremity Implants Market by Type, 2019 - 2022, USD Million
TABLE 80 Nigeria Upper Extremity Implants Market by Type, 2023 - 2029, USD Million
TABLE 81 Nigeria Upper Extremity Implants Market by End-use, 2019 - 2022, USD Million
TABLE 82 Nigeria Upper Extremity Implants Market by End-use, 2023 - 2029, USD Million
TABLE 83 Rest of LAMEA Upper Extremity Implants Market, 2019 - 2022, USD Million
TABLE 84 Rest of LAMEA Upper Extremity Implants Market, 2023 - 2029, USD Million
TABLE 85 Rest of LAMEA Upper Extremity Implants Market by Material, 2019 - 2022, USD Million
TABLE 86 Rest of LAMEA Upper Extremity Implants Market by Material, 2023 - 2029, USD Million
TABLE 87 Rest of LAMEA Upper Extremity Implants Market by Type, 2019 - 2022, USD Million
TABLE 88 Rest of LAMEA Upper Extremity Implants Market by Type, 2023 - 2029, USD Million
TABLE 89 Rest of LAMEA Upper Extremity Implants Market by End-use, 2019 - 2022, USD Million
TABLE 90 Rest of LAMEA Upper Extremity Implants Market by End-use, 2023 - 2029, USD Million
TABLE 91 key Information – Stryker Corporation
TABLE 92 Key Information – DePuy Synthes
TABLE 93 key Information – Zimmer Biomet Holdings, Inc.
TABLE 94 key Information – Smith & Nephew PLC
TABLE 95 Key Information – Medtronic PLC
TABLE 96 key Information – Aesculap, Inc
TABLE 97 Key Information – DJO Global
TABLE 98 Key Information – Ossur Hf.
TABLE 99 Key Information – Acumed LLC
TABLE 100 Key information – Arthrex, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 4 Key Strategic Move: (Mergers & Acquisition : 2019, Jun – 2023, May) Leading Players
FIG 5 LAMEA Upper Extremity Implants Market Share by Material, 2022
FIG 6 LAMEA Upper Extremity Implants Market Share by Material, 2029
FIG 7 LAMEA Upper Extremity Implants Market by Material, 2019 - 2029, USD Million
FIG 8 LAMEA Upper Extremity Implants Market Share by Type, 2022
FIG 9 LAMEA Upper Extremity Implants Market Share by Type, 2029
FIG 10 LAMEA Upper Extremity Implants Market by Type, 2019 - 2029, USD Million
FIG 11 LAMEA Upper Extremity Implants Market Share by End-use, 2022
FIG 12 LAMEA Upper Extremity Implants Market Share by End-use, 2029
FIG 13 LAMEA Upper Extremity Implants Market by End-use, 2019 - 2029, USD Million
FIG 14 LAMEA Upper Extremity Implants Market Share by Country, 2022
FIG 15 LAMEA Upper Extremity Implants Market Share by Country, 2029
FIG 16 LAMEA Upper Extremity Implants Market by Country, 2019 - 2029, USD Million
FIG 17 Recent strategies and developments: Stryker Corporation
FIG 18 Recent strategies and developments: Medtronic PLC
FIG 19 Swot analysis: Medtronic plc