What about the Trauma Fixation Devices Market Research?
One of the major factors driving the trauma fixation devices
market is the rising geriatric population across the globe. Improving
healthcare facilities and disposable incomes have been key factors in improving
the quality of life and life expectancy in general. The elderly population is
susceptible to numerous bone-related disorders and degenerative bone diseases.
According to the data provided by the United Nations, in 2020, there were about 727 million people over the age of 65 years and above living across the globe. The number of the elderly population is further expected to double reaching over 1.5 billion over the period of three decades. The elderly population is susceptible to develop degenerative bone disorders more frequently than younger population.
As per a study published in the Lancet Journal titled “Global,
regional prevalence, incidence and risk factors of knee osteoarthritis in
population-based studies” by Cui et al., in 2020, there were around 654⋅1
million individuals (40 years and older) with knee osteoarthritis
worldwide. As per the aforementioned source, the pooled global incidence of
knee OA was 203 per 10,000 person-years in
individuals aged 20 and over. Additionally, there are around annual 86⋅7
million individuals (20 years
and older) with incident knee OA in 2020 worldwide.
As per the International Osteoporosis Foundation (2021), over 8.9 million fractures related to osteoporosis occur annually. It further stated that about one in five men and one in three women over the age of 50 are susceptible to suffer from a fracture due to weak bones. Osteoporosis is one of the common degenerative bone disease where the body starts to lose bone mass or makes too little bone. The osteoporotic bones become less dense, become weak, and are more prone to fractures.
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