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The Latin American orthopedic extremity device market will experience strong growth over the forecast period, driven by high growth in certain subsegments, such as those for reverse shoulder arthroplasty, biocomposite and all-suture anchors, and anatomic plates and screws; favorable clinical results, product innovation, and surgeon training are driving increased use of these and other orthopedic extremity devices.
This Medtech 360 Report provides comprehensive data and analysis on the current state of the market for orthopedic extremity devices in Latin America across a 10-year period.
Despite cost-containment efforts throughout Latin America, some device segments will continue to drive revenue growth in the Latin American orthopedic extremity device market.
Which device segments are relatively underpenetrated?
What are some of the innovative devices that have been launched in these segments?
What strategies are companies employing to increase their market shares in these segments?
Some technologies being launched in the orthopedic extremity device market have steep learning curves.
What strategies are companies using to increase the penetration of these technologies?
How can these technologies compete with established alternatives currently on the market?
Cost-containment efforts and domestic competition in certain segments have placed tremendous pressure on the pricing of orthopedic extremity devices, leading to price erosion.
Which device segments will face the greatest pricing pressures?
Which technologies are continuing to display revenue growth despite these pressures?
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Mohith Unny is a senior analyst within the Orthopedics Medtech Insights team at Decision Resources Group. Mohith holds a Master's degree in Advanced Chemical Engineering from Imperial College London and was awarded the Prof. Geoffrey F. Hewitt Prize 2014/15.