Endoprosthesis Market

Endoprosthesis Market Research, 2032

Endoprosthesis Market size was USD 18.33 billion in 2021 and projected to grow from USD 22.9 billion in 2023 to USD 63.7 billion by 2032, exhibiting a CAGR of 12.0% during the forecast period.

Endoprosthesis, belonging to the trauma surgery and orthopedics field, is a procedure used to replace joints in the human body, which have lost functionalities either through disease or injury whole or in part with the implant. The material employed is not biological to the body, yet it is friendly with the tissues for implantation in the body. It is mainly used for fractures, degenerative joint conditions, and tumors.

Market Highlights

Endoprosthesis Market is expected to project a CAGR of 12.0% during the forecast period, 2022-2032

Endoprosthesis Market is expected to reach USD 63.7 billion, growing at a CAGR of 12.0% during the forecast period owing to the technological improvements in endoprosthesis instruments or devices and rising awareness regarding endoprosthesis among public. A few additional factors influencing the growth of the global market include the increased prevalence of cardiovascular disorders and the occurrence of orthopaedic injuries.

Endoprosthesis Market Segmentation

Knee segment is expected to dominate in the forecast period

Endoprosthesis Market is classified based on the Body Part into Knee, Hip, Shoulder, Elbow, Finger/Hand, and Ankle/Foot. The Knee segment registered a major market share in the past year and is projected to lead over the forecast period. This can be attributed to the increasing obesity rate and the fast aging population. In developed countries, the annual cases of osteoarthritis (knee) is higher in people aged 55 – 64, hence the segment growth.

Hospitals & ASC’s segment is expected to dominate in the forecast period

Endoprosthesis Market is classified based on the End User into Hospitals & ASC’s, Specialty Clinics, and Others. Hospitals and ASC’s are the major end user segment where different surgeries are performed with endoprosthesis implants. These hospitals include multi-specialty hospitals, for-profit hospitals, and hospital networks working with public and private organizations. Increased funding in healthcare infrastructure are likely to drive growth in the segment over the forecast period.

Market Dynamics                                                

Growth Drivers

Growing Mechanical Progresses and Increasing Cases of Osteoarthritis among the Geriatric Population are Expected to Boost the Market Growth

The growing prevalence of osteoarthritis among the older population, technical advancements in endoprosthesis gadgets enabling successful treatment, and rising public awareness are all factors driving the worldwide Endoprosthesis Market. Furthermore, the rising prevalence of orthopedic illnesses and peripheral vascular diseases is expected to drive the Endoprosthesis Market throughout the forecast period.

Growing Awareness Regarding Endoprosthesis among Populace is Expected to Boost the Market Growth

The growing awareness of endoprosthesis among individuals, as well as the increasing frequency of orthopaedic problems and peripheral vascular diseases, are driving the global market growth. Furthermore, increased orthopaedic injury frequency and cardiovascular disease prevalence are boosting the Endoprosthesis Market growth.

Restraint

High Expenses Associated with Endoprosthesis and Lack of Healthcare Infrastructure to Restrain the Market Growth

Unfavorable effects and significant costs associated with endoprosthesis, and shortage of healthcare infrastructure as well as affordability in emerging nations, are expected to impede the development of the Endoprosthesis Market in the future.

Recent Developments

• Medacta International SA, in April 2022, announced the successful completion of the first lumbar fusion procedure in the United States using the MUST Pedicle Screw System in collaboration with an AR-based surgical application, NextAR Spine with intra-operative management in spine operation, that carries the CE mark and FDA clearance.
• Exactech Inc. will provide a novel porous-coated implant alternative to their Truliant complete knee system in August 2021. Truliant Porous Knee expands the company's unique material science platform. With optimum porosity and pore size, the novel solution replicates the trabecular structure of cancellous bone.

Key Players Covered:

• B.Braun SE
• Boston Scientific Corp.
• Zimmer Biomet Holdings Inc.
• Smith and Nephew plc
• Gore Medical
• Wright Medical Group NV
• Medacta International SA
• Exactech
• Corin Group
• Limacorporate SpA
• Trulife
• Acumed
• College Park Industries
• TIPSAN TIBBI ALETLER
• Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)

Regional Analysis

Endoprosthesis Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. North America held a major market share in the past years and is expected to dominate the global Endoprosthesis Market in the forecast years owing to the fast adoption of technologically improved healthcare items. Due to improved health infrastructure and favorable reimbursement guidelines in specific countries, the global Endoprosthesis Market is expected to increase in Asia Pacific and Europe.

Endoprosthesis Market is further segmented by region into:

• North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
• Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
• Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
• Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
• Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA

Endoprosthesis Market Scope and Segments:

Frequently Asked Questions (FAQ):