ENDOPROSTHESIS MARKET ANALYSIS

Endoprosthesis MarketSize and Trends

The global endoprosthesis market size is expected to reach US$ 37.77 Bn by 2030, from US$ 22.80 Bn in 2023, at a CAGR of 7.5% during the forecast period. Endoprosthesis are artificial implants used to replace diseased or damaged joints and bones in the body. The rising prevalence of cardiovascular diseases and osteoporosis is driving the demand for endoprosthesis implants. By product type, the knee reconstruction segment accounted for the largest share of the endoprosthesis market in 2022. The increasing number of coronary artery disease cases globally is driving the growth of this segment.

Global Endoprosthesis Market Trends:

• Increasing preference for minimally invasive procedures: Due to benefits like shorter hospital stays, quicker recovery, reduced blood loss, scarring, pain, and a lower risk of complications, the demand for minimally invasive endoprosthesis implant procedures is rising significantly.
• Growing adoption of 3D printed implants: 3D printed customized endoprosthesis implants based on the patient’s anatomy are gaining traction owing to benefits like improved surgical accuracy, lesser risk, reduced recovery time, and reduced costs.
• Development of smart implants: integration of sensors, AI and IoT in endoprosthesis implants for real-time monitoring and data tracking is an emerging trend enabling preventative care and improved outcomes.
• Rising demand for home healthcare: Due to COVID-19, the demand for home healthcare services has increased significantly. This is expected to drive the adoption of remote patient monitoring solutions for endoprosthesis implants.