Report : South & Central America Pediatric Orthopedic Implants Market Forecast to 2030 –Regional Analysis – by Type (Hip Implants, Spine Implants, Knee Implants, Dental Implants, Craniomaxillofacial Implants, and Others), Application (Trauma and Deformities, Broken Bones, Bone and Joint Infections, Spinal Deformities, and Others), and End User (Hospitals, Pediatric Clinics, and Others)
At 8.7% CAGR, the South & Central America Pediatric Orthopedic Implants Market is speculated to be worth US$ 259.07 million by 2030, says Business Market Insights
According to Business Market Insights’ research, the South & Central America pediatric orthopedic implants market was valued at US$ 132.74 million in 2022 and is expected to reach US$ 259.07 million by 2030, registering a CAGR of 8.7% from 2022 to 2030. Rising number of pediatric surgeries to treat orthopedic birth defects and use of resorbable implants and increasing access to pediatric orthopedic treatment are among the critical factors attributed to the South & Central America pediatric orthopedic implants market expansion.
Researchers working on orthopedic implants mainly focus on improving the quality of life for patients. They are harnessing modern, competitive technologies to produce more affordable medical implants. The 3D technology provides the customized implants for the pediatric patients at affordable cost which further reduce the complications caused by standard size implants. Moreover, a few of the companies offering orthopedic implants for adult patients are coming up with products that can also be used to treat pediatric patients. Thus, a significant rise in revolutionary technologies to address customer needs is likely to bring new trends in the market during the forecast period.
On the contrary, complications associated with orthopedic implants hampers on the growth of South & Central America pediatric orthopedic implants market .
Based on type, the South & Central America pediatric orthopedic implants market is segmented into hip implants, spine implants, knee implants, dental implants, craniomaxillofacial implants, and others. The hip implants segment held 29.8% share of South & Central America pediatric orthopedic implants market in 2022, amassing US$ 39.51 million. It is projected to garner US$ 79.25 million by 2030 to expand at 9.1% CAGR during 2022–2030.
Based on application, the South & Central America pediatric orthopedic implants market is segmented into trauma and deformities, broken bones, bone and joint infections, spinal deformities, and others. The trauma and deformities segment held 37.8% share of South & Central America pediatric orthopedic implants market in 2022, amassing US$ 50.14 million. It is projected to garner US$ 101.40 million by 2030 to expand at 9.2% CAGR during 2022–2030.
Based on end user, the South & Central America pediatric orthopedic implants market is segmented into hospitals, pediatric clinics, and others. The hospitals segment held 62.7% share of South & Central America pediatric orthopedic implants market in 2022, amassing US$ 83.20 million. It is projected to garner US$ 166.91 million by 2030 to expand at 9.1% CAGR during 2022–2030.
Based on country, the South & Central America pediatric orthopedic implants market has been categorized into Brazil, Argentina, and the Rest of South and Central America. Our regional analysis states that Brazil captured 47.3% share of South & Central America pediatric orthopedic implants market in 2022. It was assessed at US$ 62.84 million in 2022 and is likely to hit US$ 127.47 million by 2030, exhibiting a CAGR of 9.2% during 2022–2030.
Key players operating in the South & Central America pediatric orthopedic implants market are Arthrex Inc, Johnson & Johnson, OrthoPediatrics Corp, and Stryker Corp, among others.
- In June 2022, OrthoPediatrics Corp. have entered an agreement to acquire Pega Medical, including its Fassier-Duval Telescopic Intramedullary System designed for patients suffering from Osteogenesis Imperfecta and other bone deformities. Their product offerings include novel technologies to treat some of the most unique conditions in pediatric orthopedics.
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