Latin America Fracture Management Industry was Dominated by Metallic Category

The Latin America fracture management market will reach USD 1,002.9 million by 2030, powering at a rate of 5.1% in the years to come. The industry growth has a lot to do with the high occurrence of osteoporosis, increasing elderly population, high frequency of road accidents, and growing count of knee and hip replacement surgeries.

On the basis of type, the internal category will have a faster growth in the years to come, as stated by P&S Intelligence. This would mostly be as a result of the high frequency of road injuries and severe bone fractures. 

Moreover, the significantly higher cost of internal fracture management products, for example screws and plates, supports the domination of the category.

The metallic category dominated the market. This was mostly because of that fact that screws, plating systems, hip plates, and other plating system accessories are made of stainless steel or surgical steel or other metals.

Brazil dominated the Latin America fracture management market in the recent past, and it will also grow the fastest in the years to come in the years to come. The increasing elderly population and growing count of osteoporosis and other orthopedic ailment cases are the key factors behind the ascendency of the nation on the industry.

The use of bioabsorbable implants in surgical processes is becoming popular in in the industry, with a growing emphasis on the acceptance of tech advanced healthcare products. Progressions in polymer science have brought about by the production of implants with the mechanical strength required for these kinds of procedures.

There is a high risk of fractures in the elderly. With the growing age of people, their bones’ mineral density reduces. This is chiefly difficult in post-menopausal women. When combined with the dominant issues of unsteady balance and vision-related problems amongst older people, the fracture risk further surges in this population.

It is because of the increasing elderly population, the demand for the fracture management market will continue to grow in Latin America in the years to come.