Product ID: SQMIG35A2224
Report ID:
SQMIG35A2224 |
Region:
Global |
Published Date: April, 2024
Pages:
219
|
Tables:
94 |
Figures:
76
North America held a 49.3% revenue share of the global market in 2022 as a result of the rising incidence of osteoporosis and osteoarthritis, the aging population, the rise in trauma cases brought on by traffic accidents and sports injuries, and changing lifestyles. The market is expanding in the region as a result of other reasons such an increase in global healthcare spending and an increase in the use of 3D printing in the healthcare sector. New competitors are kept out of the market by the need for costly capital investments and regulatory compliance requirements.
Asia Pacific is anticipated to increase at the fastest pace, 8.1%, between 2023 and 2030. The orthopedic industry in the area is anticipated to grow due to factors like rising healthcare costs and an aging population with a higher prevalence of osteoarthritis, osteoporosis, bone injuries, and obesity. The region's demand for these devices is being driven by the rapidly expanding medical tourism industry and the advanced healthcare systems in countries like Japan, China, and India.
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Product ID: SQMIG35A2224