The Latin America, Middle East and Africa Osteosynthesis Devices Market should 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.
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.
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.
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.
Scope of the Study
By Type
- Internal
- Screws & Plates
- Wires & Pins
- Intramedullary Rods & Nails
- Spinal Fixation Devices
- External
- Fracture Fixation
- Bone Lengthening
By Material
- Nondegradable
- Degradable
By Fracture Type
- Patella, Tibia or Fibula, or Ankle
- Hand & Wrist
- Foot Bones & Vertebral Column
- Hip
- Pelvis
- Clavicle, Scapula, or Humerus
- Femur
- Radius or ulna
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- 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
- Life Spine, Inc.
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Osteosynthesis Devices Market, by Type
1.4.2 LAMEA Osteosynthesis Devices Market, by Material
1.4.3 LAMEA Osteosynthesis Devices Market, by Fracture Type
1.4.4 LAMEA Osteosynthesis Devices Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. LAMEA Osteosynthesis Devices Market by Type
3.1 LAMEA Internal Market by Country
3.2 LAMEA Osteosynthesis Devices Market by Internal Type
3.2.1 LAMEA Screws & Plates Market by Country
3.2.2 LAMEA Wires & Pins Market by Country
3.2.3 LAMEA Intramedullary Rods & Nails Market by Country
3.2.4 LAMEA Spinal Fixation Devices Market by Country
3.3 LAMEA External Market by Country
3.4 LAMEA Osteosynthesis Devices Market by External Type
3.4.1 LAMEA Fracture Fixation Market by Country
3.4.2 LAMEA Bone Lengthening Market by Country
Chapter 4. LAMEA Osteosynthesis Devices Market by Material
4.1 LAMEA Nondegradable Market by Country
4.2 LAMEA Degradable Market by Country
Chapter 5. LAMEA Osteosynthesis Devices Market by Fracture Type
5.1 LAMEA Patella, Tibia or Fibula, or Ankle Market by Country
5.2 LAMEA Hand & Wrist Market by Country
5.3 LAMEA Foot Bones & Vertebral Column Market by Country
5.4 LAMEA Hip Market by Country
5.5 LAMEA Pelvis Market by Country
5.6 LAMEA Clavicle, Scapula, or Humerus Market by Country
5.7 LAMEA Femur Market by Country
5.8 LAMEA Radius or ulna Market by Country
5.9 LAMEA Others Market by Country
Chapter 6. LAMEA Osteosynthesis Devices Market by Country
6.1 Brazil Osteosynthesis Devices Market
6.1.1 Brazil Osteosynthesis Devices Market by Type
6.1.1.1 Brazil Osteosynthesis Devices Market by Internal Type
6.1.1.2 Brazil Osteosynthesis Devices Market by External Type
6.1.2 Brazil Osteosynthesis Devices Market by Material
6.1.3 Brazil Osteosynthesis Devices Market by Fracture Type
6.2 Argentina Osteosynthesis Devices Market
6.2.1 Argentina Osteosynthesis Devices Market by Type
6.2.1.1 Argentina Osteosynthesis Devices Market by Internal Type
6.2.1.2 Argentina Osteosynthesis Devices Market by External Type
6.2.2 Argentina Osteosynthesis Devices Market by Material
6.2.3 Argentina Osteosynthesis Devices Market by Fracture Type
6.3 UAE Osteosynthesis Devices Market
6.3.1 UAE Osteosynthesis Devices Market by Type
6.3.1.1 UAE Osteosynthesis Devices Market by Internal Type
6.3.1.2 UAE Osteosynthesis Devices Market by External Type
6.3.2 UAE Osteosynthesis Devices Market by Material
6.3.3 UAE Osteosynthesis Devices Market by Fracture Type
6.4 Saudi Arabia Osteosynthesis Devices Market
6.4.1 Saudi Arabia Osteosynthesis Devices Market by Type
6.4.1.1 Saudi Arabia Osteosynthesis Devices Market by Internal Type
6.4.1.2 Saudi Arabia Osteosynthesis Devices Market by External Type
6.4.2 Saudi Arabia Osteosynthesis Devices Market by Material
6.4.3 Saudi Arabia Osteosynthesis Devices Market by Fracture Type
6.5 South Africa Osteosynthesis Devices Market
6.5.1 South Africa Osteosynthesis Devices Market by Type
6.5.1.1 South Africa Osteosynthesis Devices Market by Internal Type
6.5.1.2 South Africa Osteosynthesis Devices Market by External Type
6.5.2 South Africa Osteosynthesis Devices Market by Material
6.5.3 South Africa Osteosynthesis Devices Market by Fracture Type
6.6 Nigeria Osteosynthesis Devices Market
6.6.1 Nigeria Osteosynthesis Devices Market by Type
6.6.1.1 Nigeria Osteosynthesis Devices Market by Internal Type
6.6.1.2 Nigeria Osteosynthesis Devices Market by External Type
6.6.2 Nigeria Osteosynthesis Devices Market by Material
6.6.3 Nigeria Osteosynthesis Devices Market by Fracture Type
6.7 Rest of LAMEA Osteosynthesis Devices Market
6.7.1 Rest of LAMEA Osteosynthesis Devices Market by Type
6.7.1.1 Rest of LAMEA Osteosynthesis Devices Market by Internal Type
6.7.1.2 Rest of LAMEA Osteosynthesis Devices Market by External Type
6.7.2 Rest of LAMEA Osteosynthesis Devices Market by Material
6.7.3 Rest of LAMEA Osteosynthesis Devices Market by Fracture Type
Chapter 7. Company Profiles
7.1 Medtronic PLC
7.1.1 Company overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expenses
7.1.5 SWOT Analysis
7.2 Johnson & Johnson (DePuy Synthes)
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental &Regional Analysis
7.2.4 Research & Development Expenses
7.2.5 Recent strategies and developments:
7.2.5.1 Acquisitions and Mergers:
7.2.5.2 Product Launches and Product Expansions:
7.3 Stryker Corporation
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expense
7.4 Zimmer Biomet Holdings, Inc.
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expense
7.4.5 Recent strategies and developments:
7.4.5.1 Acquisitions and Mergers:
7.5 Smith & Nephew PLC
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental Analysis
7.6 Globus Medical, Inc.
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Regional Analysis
7.6.4 Research & Development Expense
7.7 Olympus Corporation
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.7.4 Recent strategies and developments:
7.7.4.1 Acquisition and Mergers:
7.8 Lepu Medical Technology Co., Ltd
7.8.1 Company Overview
7.9 Arthrex, Inc.
7.9.1 Company Overview
7.9.2 Recent strategies and developments:
7.9.2.1 Geographical Expansions:
7.10. Life Spine, Inc.
7.10.1 Company Overview
Companies Mentioned
- 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
- Life Spine, Inc.
Methodology
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