Knee Endoprosthesis Is Fastest Growing Segment Fueling The Growth Of Endoprosthesis Market

https://www.coherentmarketinsights.com/market-insight/endoprosthesis-market-6199
Endoprosthesis Market


The endoprosthesis market comprises of various medical devices that are implanted inside the human body to replace or repair a diseased or damaged biological structure. These include various forms of implants such as knee endoprostheses, hip endoprostheses, shoulder endoprostheses and more. Knee endoprosthesis is the fastest-growing segment owing to the increasing incidence of osteoarthritis and other knee disorders globally.

The global Endoprosthesis Market is estimated to be valued at US$ 21.50 Bn in 2023 and is expected to exhibit a CAGR of 7.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

 
Minimally invasive surgeries (MIS) are gaining rapid traction in the endoprosthesis market. MIS involves fewer cuts, shorter hospital stays, less pain and faster recovery times compared to open surgeries. Additionally, customized and 3D printed endoprosthetics have emerged as a key trend. Customized implants are designed based on the patient's anatomy using medical imaging and 3D modeling softwares for a perfect fit. This improves placement accuracy and long term outcomes.

Segment Analysis


The global endoprosthesis market is segmented based on product, material, application, and end-user. Based on product, the market is segmented into lower extremity endoprosthesis, upper extremity endoprosthesis, and sockets. The lower extremity endoprosthesis segment dominates the market as advancements in better material design have enabled the development of more functional lower extremity endoprostheses to closely mimic mobility and properties of the natural limb.

Key Takeaways

The global Endoprosthesis Market Size is expected to witness high growth, exhibiting CAGR of 7.5% over the forecast period, due to increasing number of trauma, injury, and disease-related amputations across the globe.

Regional analysis: North America dominates the endoprosthesis market currently, owing to advanced healthcare infrastructure and high adoption rate of new technologies in the region. Asia Pacific is expected to grow at the fastest rate during the forecast period. This can be attributed to rising geriatric population, increase in healthcare expenditures, and improving medical facilities in developing countries such as India and China.

Key players: Key players operating in the endoprosthesis market are Medtronic, Boston Scientific, Abbott Laboratories, Edwards Lifesciences, Johnson & Johnson, Stryker, Zimmer Biomet, Smith & Nephew, BD, and Teleflex. Medtronic and Zimmer Biomet are the market leaders due to their innovative product portfolio and strong global presence across countries.

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