Cemented joints segment by type is estimated to lead the market growth during the forecast period

According to a new market research study of “South and Central America Artificial JointsMarket Forecast to 2027 - COVID-19 Impact and Analysis byType, Material, Application, and End User,” The South and Central America Artificial Joints market is expected to reach US$ 1,331.92 million in 2027 from US$ 1,971.57 million in 2019. The market is estimated to grow with a CAGR of 5.1% from 2020-2027. The report highlights trends prevailing in theSouth and Central AmericaArtificial Joints market and the factors driving market along with those that act as hindrances.

The Artificial Joints market, by product, is segmented into cemented joints and non-cemented joints. The cemented joints segment held the largest share of the market. An artificial joint is a device used in orthopedic surgery procedures in which an arthritic or dysfunctional joint surface is surgically replaced. Extensively increasing geriatric population coupled with sedentary lifestyle are the most prevalent conditions for the growth of bone and joint diseases worldwide. According to a data published in 2020, by CDC (Centers for Disease Control and Prevention), an estimated 32.5 million Americans are suffering from osteoarthritis. Such massive prevalence of bone and joint defects are estimated to have positive impact on the demand of bone replacement procedures, which will eventually drive the market growth during the forecast period.

South and Central AmericaArtificial Joints marketis expected to grow due to factors such as to increasing prevalence of bone and joint conditions, increasing prevalence of obesity, and rising government support by introducing guidelines for regenerative medicines. However, high cost of joint repair therapies is expected to hinder market growth.

Smith & Nephew, Zimmer Biomet and Stryker Corporation are among the leading companies operating in theSouth and Central America Artificial Joints market.

South and Central America Artificial Joints market, By Country, 2019 (% share)

The report segments in South and Central America Artificial Joints market as follows:

By Type Cemented Joints Non-Cemented Joints

By Material

• Ceramics
• Alloys
• Oxinium
• Others

By Application

• Artificial Joints of Knee
• Artificial Joints of Hip
• Artificial Joints of Shoulder
• Others

By End User

• Hospital
• Ambulatory Care Centers
• Others

By Country

• Brazil
• Argentina
• Rest of South and Central America