Description
Global Endoprosthesis Market-Forecast till 2027
Endoprosthesis Market Overview
The global endoprosthesis market is anticipated to witness a healthy CAGR of 11.50% during the review period. Endoprosthesis is a treatment that includes utilizing an embed to supplant a joint in the body that has lost working capacities because of harm or disease. Degenerative joint sickness, cracks, and malignancies are for the most part normal signs that an endoprosthesis ought to be utilized.
The global endoprosthesis market accounted for USD 20,679.25 million in 2020 and is estimated to surpass USD 45,134.19 million by 2027. The expansion of the global endoprosthesis market is attributed to the elements like the expanding pervasiveness of osteoarthritis among the geriatric populace, mechanical headways in endoprosthesis gadgets empowering successful treatment, and expanding mindfulness among the populace.
Besides, unfavourable impacts and significant expenses related to endoprosthesis and lack of healthcare infrastructure and unaffordability in emerging countries are set to limit the endoprosthesis market development in the future.
Market Segmentation
The global endoprosthesis market based on products has been classified as knee, Hip, Shoulder, Elbow, Finger or Hand, and Ancle or foot.
Based on product segment, the global market is segmented into the knee, hip, shoulder, elbow, finger/hand, and ankle/foot.
The knee segment is further classified into primary knee replacement, partial knee replacement, custom-made replacements, revision knee replacement, and tumor.
By hip segment, the global endoprosthesis market is segmented into primary hip replacement, partial hip replacement, revision hip replacement, tumor, and custom-made partial pelvic replacements.
Based on the shoulder, the global endoprosthesis market is dispersed into primary shoulder replacement, revision shoulder replacements, tumor, and custom-made replacements.
In terms of the elbow, the global endoprosthesis market is segregated into total elbow replacement, radial head replacement, tumor, and custom-made replacements.
By finger/hand, the global endoprosthesis market is classified into total wrist prosthesis, (Proximal Interphalangeal) PIP finger prosthesis, and Metacarpophalangeal (MCP) finger prosthesis.
In terms of ankle/foot, the global endoprosthesis market is divided into total ankle implant and great toe implant.
Regional Analysis
North America held the largest market share in 2020. In North America, the endoprosthesis market is driven by the expanding reception of in fact progressed medical care items in the region and rising joint inflammation cases.
As indicated by the information distributed in the Centers for Disease Control and Prevention (CDC), the extended commonness of US grown-ups who are relied upon to report specialist analyzed joint pain is 67 million of every 2020, and by 2030, the number is projected to arrive at 72 million.
Accordingly, the district will request a compelling endoprosthesis gadget to conquer this sickness trouble. This factor is additionally projected to drive market development.
South America has seen extensive development in the endoprosthesis market and held a portion of the overall industry of 14.6% in 2020. Across South America, endoprosthesis rehearses are completed in various clinical offices, for example, government-controlled research facilities.
Monetarily autonomous patients frequently pick private research facility treatment. Brazil is one of the significant nations involving the biggest portion of the overall industry in the South American endoprosthesis market.
Prominent Players
The Major Companies Covered in this Report are Johnson & JohnsonServices, Inc.(US), Zimmer Biomet HoldingsInc.(US), Stryker(US), Smith & Nephew (UK), CorinLtd(UK), MedactaInternational SA(Switzerland), Exactech, Inc.(US), MicroPortOrthopedics,Inc.(US), A. (Switzerland), BraunMelsungenAG (Germany), Total Ankle Replacement (STAR; Small Bone Innovations, Morrisville, US), INBONE (Wright Medical Technology, Arlington, US),
Agility (DePuy, Warsaw, US), and Salto Talaris (Tornier, Montbonnot, France).
COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries.
Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.