How Is Adoption of Advanced Products Strengthening Fracture Management Market in LATAM?
The Latin American (LATAM) fracture management market will progress at a CAGR of 5.1% during the forecast period (2020–2030), on account of the surging prevalence of osteoporosis, burgeoning aging population, increasing incidence of road crashes, and soaring number of knee and hip replacement surgeries, in the region. Additionally, the mounting healthcare expenditure and escalating awareness about fracture management products will also aid the market size to grow from $592.0 million in 2019 to $1,002.9 million by 2030. The rising prevalence of osteoporosis will augment the demand for fracture management products in LATAM in coming years, as this bone disease leads to the loss of bone density. According to the International Osteoporosis Foundation (IOF), 655,648 cases of hip fractures will be recorded by 2050. Furthermore, the foundation states that 2.62 million women will be diagnosed with osteoporosis in Argentina by 2050. Also, the IOF estimates that 1 in 3 patients with hip fr...