Why is Small Joint Reconstructive Implants Market Booming in Asia-Pacific?
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.
The increasing prevalence of arthritis is one of the major factors responsible for the surge of the small joint reconstructive implants market. According to a report published by the Arthritis Foundation, arthritis is one of main factors responsible for growing incidence of disability amongst the adults in the U.S. Furthermore, the report says that almost 300,000 babies and children suffer from arthritis or rheumatic diseases across the country. The total number of arthritis patients in the country is predicted to be over 74 million by 2040.
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