When enough force is applied on the rib, it is bound to fracture. Most isolated rib fractures can be managed hopefully. Nevertheless, specific patterns of rib fractures are related to the higher illness and mortality and will need further evaluation for other underlying injuries and developing treatment.
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The rib fracture treatment is supportive and aims to reduce the severity of the symptoms. Data Bridge Market Research analyses that the rib fracture treatment market was valued at USD 400 million in 2021 and is likely to reach USD 604.63 million by 2029, and will grow at a CAGR of 5.30% during the forecast period of 2022 to 2029.
In addition, the growing cases of rib facture, rising cases of osteoporosis and arthritis and rise in the healthcare infrastructure will further provide potential opportunities for the growth of rib fracture treatment market in the coming years.
North America dominates the rib fracture treatment market due to the high demand of rib fracture treatment for treating trauma cases and sports related injuries. Furthermore, growing healthcare infrastructure will further boost the growth of the rib fracture treatment market in the region during the forecast period.
Asia-Pacific is projected to observe significant amount of growth in the rib fracture treatment market due to the constant rise in the population. Moreover, the growing incidence of rib facture cases is further anticipated to propel the growth of the rib fracture treatment market in the region in the coming years.
Some of the major players operating in the Rib Fracture Treatment Market are Novartis AG (Switzerland), Sun Pharmaceutical Industries Ltd. (India), Larken Laboratories (US), Teva Pharmaceutical Industries Ltd. (Israel), Cipher Pharmaceuticals Inc. (Canada), Mylan N.V. (US), Purdue Pharma L.P. (US), Allergan plc (US), USWM, LLC. (US), GlaxoSmithKline plc. (UK), and Pfizer Inc. (US). among others.
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