South America Bone Cement Market
The rising demand for kyphoplasty, arthroplasty, and vertebroplasty surgeries is expected to increase the sales of bone cement. Leading market players across the region are increasing their penetration across emerging markets by expanding their distribution networks and augmented manufacturing capabilities. Emerging markets across the region are expected to offer potential growth opportunities for key bone cement manufacturers in the years to come. This can be attributed to the rise in the aging population, high prevalence of osteoporosis, increased disposable income, improved healthcare infrastructure, and growth of medical tourism in several countries. Several emerging countries across the region have become business-friendly and adaptable hubs due to relatively less stringent regulations and data requirements. Most players are shifting their focus to emerging markets. High investments in life science and health research in emerging countries play a key role in upgrading the latest technologies in these countries. This factor, in turn, supports the inclination toward bone cement use, thereby driving the SAM market.
A considerable number of countries in South America have very underdeveloped healthcare infrastructure. For instance, Peru has less than 1,000 intensive care unit beds for its 32 million inhabitants. Despite the facts mentioned above, SAM is positively impacted by COVID-19. Researchers have been studying alternatives to detect SARS-CoV-2 (COVID-19), and accurate and timely diagnosis is crucial for controlling the outbreaks of the disease. Like many countries worldwide, the Argentine government took extreme steps to protect citizens from vulnerability to COVID-19, the disease induced by the novel coronavirus. The COVID-19 pandemic generated the need for postponing elective surgery of the SUS, such as total hip and knee arthroplasty. As a result, in the first semester of 2020, there was a 67% decrease in the number and cost of knee and hip arthroplasty. This resulted in a financial loss for implant manufacturers, and it will drive the demand for additional procedures in the following months and years.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the SAM bone cement market. The SAM bone cement market is expected to grow at a good CAGR during the forecast period.
Strategic insights for the South America Bone Cement provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 68.38 Million |
| Market Size by 2028 | US$ 97.94 Million |
| Global CAGR (2021 - 2028) | 5.3% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | South and Central America
|
| Market leaders and key company profiles |
The geographic scope of the South America Bone Cement refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
SAM Bone Cement Market - Companies Mentioned
The South America Bone Cement Market is valued at US$ 68.38 Million in 2021, it is projected to reach US$ 97.94 Million by 2028.
As per our report South America Bone Cement Market, the market size is valued at US$ 68.38 Million in 2021, projecting it to reach US$ 97.94 Million by 2028. This translates to a CAGR of approximately 5.3% during the forecast period.
The South America Bone Cement Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South America Bone Cement Market report:
The South America Bone Cement Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South America Bone Cement Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South America Bone Cement Market value chain can benefit from the information contained in a comprehensive market report.
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