Why Are Physiotherapists in Latin America Recommending Orthopedic Garments, Soft Goods, and Braces?

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 Around 20.4% people in Latin America (LATAM) suffer from osteoarthritis, the Community Oriented Program for the Control of Rheumatic Diseases (COPCORD) estimates. Similarly, the incidence of road accidents and sports injuries is also rising in the region, with the increasing number of automobiles on the roads and more people opting for outdoor sports. For instance, according to the World Health Organization (WHO), per every 100,000 people, 24.8% in Ecuador and 21.5% in Colombia died in road crashes in 2018.

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P&S Intelligence says that on account of these factors, the LATAM orthopedic garments market size will increase to $376.3 million by 2030 from $223.1 million in 2019, at a 5.2% CAGR between 2020 and 2030. Similarly, the LATAM orthopedic soft goods and braces market is expected to display a 4.9% CAGR between 2020 and 2030, to grow from $177.4 million in 2019 to $291.1 million by 2030. All such products are useful in the physical rehabilitation of people with orthopedic and other musculoskeletal issues after a major injury, accident, or surgery.


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Moreover, knee and hip replacement surgeries in LATAM are way cheaper than in Europe and North America, which is why people from the latter regions are increasingly traveling to the former. For example, a hip replacement cost $8,400 in Colombia in 2019 compared to $40,364 in the U.S. Thus, with the increasing volume of orthopedic surgeries, the demand for orthopedic garments, soft goods, and braces for post-op rehabilitation is also rising in the region. The Organisation for Economic Co-operation and Development (OECD) estimates the 2017 hip replacement surgery rate in Chile at 19 per 100,000 population.

 

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