Why will Small Joint Reconstructive Implants Market Boom in Asia-Pacific in Coming Years?


Posted April 2, 2021 by PSMarketResearch12

The global small joint reconstructive implants market is expected to generate $10.1 billion revenue by 2024, advancing at a CAGR of 5.5%, during the forecast period.
 
The market will advance at a CAGR of 5.5% between 2019 and 2024, according to the estimates of P&S Intelligence, a market research firm based in India.

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The increasing prevalence of arthritis is one of the major factors responsible for the surge of the small joint reconstructive implants market. According to a report published by the Arthritis Foundation, arthritis is one of main factors responsible for growing incidence of disability amongst the adults in the U.S. Furthermore, the report says that almost 300,000 babies and children suffer from arthritis or rheumatic diseases across the country. The total number of arthritis patients in the country is predicted to be over 74 million by 2040.

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Depending on material, the market is divided into polymer and metal categories. Of these, the polymer category is predicted to register faster growth in the market in the future years. This is credited to the fact that the polymer implants are biocompatible in nature and rarely cause infections or side-effects in patients. However, the metal category will dominate the market in future, on account of the lower costs of the metallic implants than the polymer ones.

In the coming years, the Asia-Pacific (APAC) small joint reconstructive implants market will exhibit rapid expansion. This is because of the increasing incidence of orthopedic surgeries, unhealthy dietary habits, and sedentary lifestyle choices of the people living in the various APAC countries. Furthermore, the increasing prevalence of road accidents is driving rapid progress of the market in the region. As per a report published by the World Health Organization (WHO), in China, road accident is the main cause of death amongst the people in the age group 15—44.

Hence, it can be concluded that the market will register substantial growth all over the world in the upcoming years, primarily because of the rising prevalence of arthritis and various rheumatic diseases, increasing geriatric population, and growing incidence of road accidents across the world.
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Issued By Pramod
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Country United States
Categories Medical , Reports , Research
Tags small joint reconstructive implants market , small joint reconstructive implants market demand , small joint reconstructive implants market growth , small joint reconstructive implants market share , small joint reconstructive implants market size , small joint reconstructive implants market trends
Last Updated April 2, 2021