The size of the Latin American trauma fixation devices market is predicted to worth USD 1.06 Billion by 2027 from USD 0.76 Billion in 2022, growing at a CAGR of 6.93% between 2022 to 2027.
Trauma is a medical condition caused by various strains or physical injuries, such as dislocation, fractures, or burns, for which the trauma fixation devices are a prominent solution. The upsurge in the aged population in Latin American countries has augmented the market's growth, as the aged people possess a higher risk for osteoporosis leading to an increased demand for trauma fixation devices.
Further, increase in disposable incomes and growing awareness about latest developments in the medical field along with the availability of advanced medical facilities, favorable reimbursement policies, rise in healthcare expenditure, high costs associated with surgeries, competitive pricing, and availability of substitutes have also contributed in the growth of Latin America trauma fixation devices market. However, problems associated with the biocompatibility of the internal and external trauma devices and the high cost of advanced technologies limit the reach of the trauma fixation devices in this region.
This research report on the Latin America Trauma Fixation Devices Market has been segmented and sub-segmented into the following categories:
By End Users:
Regionally, Latin American countries such as Brazil and Mexico are anticipated to register greater market growth for trauma devices owing to improving access to healthcare, higher accident cases, and favorable demographics.
Companies playing a dominant role in the LATAM Trauma Fixation Devices Market profiled in this report are Smith & Nephew, DePuy Synthesis, Stryker Corporation, Zimmer, Arthrex, Biomet, Conmed, Integra Lifesciences Corporation, Medtronic, Inc., and Bioretec, Inc.
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