Why is Small Joint Reconstructive Implants Market Booming in Asia-Pacific (APAC)?

Due to the increasing prevalence of arthritis across the world, soaring geriatric population in several countries, and rising incidence of osteoporosis, the valuation of the global small joint reconstructive implants market will rise from $7.4 billion to $10.1 billion from 2018 to 2024. 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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A similar situation is also observed in the European nations. The National Rheumatoid Arthritis Society of Europe carried out a study in 2017 which said that the incidence of rheumatoid arthritis was observed in almost 20 to 50 persons out of every 100,000 people in the various European nations. Besides the growing incidence of arthritis, the increasing geriatric population is also fuelling the progress of the small joint reconstructive implants market throughout the globe, because of the fact that the older people are more vulnerable to rheumatic diseases.

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There are two main categories present under the end user segmentation in the small joint reconstructive implants market namely ambulatory surgical centers (ASCs) and hospitals. Between the two categories, the hospitals category will demonstrate higher growth in the market in the forthcoming years. This is attributed to the presence of a large patient pool suffering from various joint-related problems and ailments and the growing number of osteopathic surgical procedures being conducted in hospitals across the world.

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.

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