Endoprosthesis - Global Industry Growth and Demand Forecasts, 2030

NEW YORK - Nov. 29, 2023 - PRLog -- Endoprosthesis is the implantation of an artificial joint or similar prosthesis for tissue injury. Metal and plastic are the most prevalent materials (splints, joint replacements, stents, screws, etc.). All of the metals are non-magnetic and manufactured of a unique alloy. Its insertion and anchoring into the tissue stop it from slipping or moving unintentionally.

The global endoprosthesis market will reach $65,997.9 million by 2030. The demand for endoprosthesis is driven by the growing frequency of orthopedic illnesses and peripheral vascular diseases.

Additionally, the global demand for endoprosthesis will grow in the coming years due to increased patient awareness regarding prostheses for orthopedic injuries and a rise in hip and knee osteoarthritis incidence among the elderly community.

Moreover, the APAC endoprosthesis market is predicted to grow at a CAGR above 13% in the coming years. This is due to the likelihood that the population of seniors will rise significantly during the next 50 years.

Increasing Cases of Osteoarthritis among Aged Population

Endoprosthesis is used in several orthopedic treatments on joints, the femur, and other areas. One of the primary drivers of the market's growth is the rising proportion of seniors who suffer from orthopedic disorders like osteoarthritis.

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For example, osteoarthritis, which can affect several bodily parts, is widespread among the elderly. As per the World PopulationAgeing 2020, there were 727 million persons 65 and over in the world in 2020, and by 2050, that number is projected to double to 1.5 billion. Therefore, it is anticipated that the prevalence of orthopedic issues will rise in the years to come, fueling market expansion.

Additionally, 25% of those with osteoarthritis are unable to do most of their daily chores, and 80% of those with the condition have mobility problems. These factors are predicted to increase the demand for endoprostheses, which are used to treat this disorder and others like it.