IMPLANT AND PROSTHESIS FASTENER MARKET ANALYSIS
Global implant & prosthesis fastener market is estimated to be valued at US$ 14.5 billion in 2023 and is expected to exhibit a CAGR of 5.4% during the forecast period (2023-2030).
Global Implant & Prosthesis Fastener Market– Drivers
Increasing prevalence of fractures due to high prevalence of osteoporosis
The increasing prevalence of fractures due to the high prevalence of osteoporosis is expected to drive the market growth over the forecast period. For instance, in July 2021, according to the International Osteoporosis Foundation, osteoporosis affected approximately 6.3% of men over the age of 50 and 21.2% of women over the same age range. Globally, osteoporosis causes more than 8.9 million fractures annually, resulting in an osteoporosis fracture every 3 seconds.
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