With the growing prevalence of osteoporosis, the demand for fracture management services is rising sharply in Latin America. Osteoporosis is basically a bone disease which causes the loss of bone density.

It massively augments the risk of fractures and is responsible for the high occurrence rate of fractures in the Latin American countries. According to the International Osteoporosis Foundation (IOF), as many as 655,648 hip fractures would be reported in the region by 2050.

Another major factor fueling the requirement for fracture management services is the soaring healthcare expenditure in the various Latin American countries. The surging healthcare spending is propelling the adoption of patient-friendly and technologically innovative and advanced products in various healthcare settings such as clinics and hospitals. As per the findings of the World Bank, in Brazil, the total healthcare spending of Brazil was as much as 8.3% of the country’s total gross domestic product (GDP) in 2000.

Furthermore, this share grew to 9.5% in 2017. Other countries such as Argentina, Colombia, and Mexico also saw a significant rise in healthcare spending over the last few years. Due to these factors, the requirement for fracture management services and solutions is growing rapidly in the Latin American region. This is driving the progress of the Latin American (LATAM) fracture management market. The market valuation is predicted to grow from $592.0 million in 2019 to $1,002.9 million by 2030.

The LATAM fracture management market recorded the highest growth in Brazil during the past few years and this trend will continue in the forthcoming years, as per the estimates of PS Intelligence, a market research firm based in India. The factors propelling the progress of the market in this region are the presence of a rapidly improving healthcare and medical infrastructure, the high cost-effectiveness of knee and hip replacement surgeries, and the increasing incidence of accident and sports-related injuries.

Browse Full Report LATAM Fracture Management Market Latest Trends Dynamics

This study covers

• Major factors driving the market and their impact during the short, medium, and long terms
• Market restraints and their impact during the short, medium, and long terms
• Recent trends and evolving opportunities for the market participants
• Historical and the present size of the market segments and understand their comparative future potential
• Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings
• Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders
• Major players operating in the market and their service offerings