The Endoprosthesis Market Size was valued at USD 13.60 billion in 2022 and is expected to reach USD 33.69 billion by 2030 and grow at a CAGR of 12% over the forecast period 2023-2030.
The endoprosthesis market is a rapidly growing sector within the medical device industry. Endoprostheses are artificial implants that are used to replace or support damaged or diseased body parts, such as joints, bones, or blood vessels. These devices have revolutionized the field of orthopedics and vascular surgery, providing patients with improved mobility and quality of life.
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One of the key drivers behind the growth of the endoprosthesis market is the increasing prevalence of chronic diseases and age-related conditions. As the global population continues to age, there is a higher incidence of conditions like osteoarthritis, cardiovascular diseases, and cancer that require surgical intervention. This has led to a rise in demand for endoprostheses as a means to restore function and alleviate pain.
Technological advancements have also played a significant role in propelling the market forward. Innovations in materials science, such as the development of biocompatible materials like titanium alloys and ceramic composites, have greatly improved the durability Additionally, the integration of robotics and artificial intelligence in surgical procedures has enhanced the precision and success rates of endoprosthetic surgeries.
KEY MARKET SEGMENTS
by Hip
- Primary
- Partial
- Revision Hip Replacement
- Tumor
- Custom Made
by Shoulder
- Primary
- Revision Shoulder Replacement
- Tumor
- Custom Made
by Elbow
- Total Elbow
- Radial Head Replacement
- Tumor
- Custom Made
by Product
- Knee
- Hip
- Shoulder
- Elbow
- Finger/Hand
- Ankle/Foot
by Knee
- Primary
- Partial
- Revision Knee Replacement
- Tumor
- Custom Made
Major Players Listed in the Report are as Follows:
Johnson & JohnsonServices, Inc., CorinLtd, MedactaInternational SA, BraunMelsungenAG, Zimmer Biomet HoldingsInc., Stryker, Smith & Nephew, Exactech, Inc., MicroPortOrthopedics,Inc. and Other Players
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