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The endoprosthesis market size is estimated to grow by USD 23.2 billion, at a CAGR of 12.94% between 2023 and 2028. The market is experiencing significant growth due to the increasing prevalence of orthopedic diseases and associated risk factors. Such factors are driving the demand for endoprosthesis implants as they offer effective solutions for joint replacement and repair. Another trend influencing the market is the adoption of 3D printing medical technology for prosthetics. This advanced manufacturing technique enables the production of customized implants with precise dimensions and structures, leading to improved patient outcomes and reduced complications. However, the use of endoprosthesis implants is not without challenges. Complications such as infection, implant loosening, and dislocation can occur, leading to re-operations and increased healthcare service costs. Therefore, ongoing research and development efforts are focused on addressing these challenges and improving the safety and efficacy of endoprosthesis implants.
The market is experiencing significant growth due to the rising prevalence of orthopedic diseases such as osteoarthritis, a degenerative disease causing joint pain and mobility issues. Risk factors like aging population, sedentary lifestyle, and obesity are contributing to the increasing patient pool. The market is witnessing a tide in demand for orthopedic implants in developing economies, particularly in hospitals and clinics, where the number of surgeries for hip, knee, shoulder, and elbow replacements is on the rise. Advancements in technology are revolutionizing the endoprosthesis market. Robotic surgeries and 3D printing in health care are transforming the way orthopedic implants are designed and manufactured. Biodegradable joint implants are gaining popularity due to their ability to reduce the risk of complications and promote faster recovery. ASCS (Anesthesia Services Companies) are providing post-surgery assistance, ensuring a smooth recovery process for patients. Health insurance and health reimbursement policies are playing a crucial role in increasing the affordability of endoprosthesis surgeries. Medicare and online tools are also facilitating the accessibility of these procedures. Customized hip prostheses are gaining traction, offering personalized solutions for patients.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion " for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The hospitals segment is estimated to witness significant growth during the forecast period. The market is experiencing significant growth due to the rising prevalence of orthopedic diseases such as osteoarthritis, degenerative diseases, and joint pain in the aging and geriatric population. Risk factors like sedentary lifestyle and obesity are contributing to the increase in these conditions. Developing economies are witnessing a ripple in demand for orthopedic implants, including those for the knee, hip, shoulder, and elbow, as healthcare infrastructure improves and health coverage expands.
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The hospitals segment was the largest and was valued at USD 10.40 billion in 2018. Hospitals, clinics, and Ambulatory Surgery Centers (ASCs) are adopting advanced technologies like 3D printing, robotic joint replacement surgery, and biodegradable joint implants to provide customized solutions for patients. Innovative products like partial replacement and revision procedures are gaining popularity, particularly in the context of the growing patient pool and the need for post-surgery assistance. Strategic collaborations between leading vendors and healthcare providers are driving the market, with a focus on delivering high-quality, cost-effective solutions. Patient knowledge and online tools are also playing a crucial role in the decision-making process, as individuals seek to understand their conditions and explore treatment options. The market is also witnessing the adoption of 3D printing technology for creating customized hip prostheses and other orthopedic implants, offering improved patient outcomes and reduced recovery times. Peripheral vascular diseases are another area of focus, as the global population grapples with the burden of chronic illnesses. Health reimbursement policies, Medicare, and other healthcare coverage programs are influencing market dynamics, with varying degrees of impact across regions. As the market continues to evolve, stakeholders must stay informed about the latest trends, technologies, and regulatory developments to remain competitive and deliver optimal patient care.
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North America is estimated to contribute 42% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The market is witnessing significant growth due to advancements in Biomaterials, Nanotechnology, and Biotechnology. Product innovations in Mechanical devices, such as total knee replacement and Total femur replacement, are driving market growth. Nanotechnology is being integrated into Endoprosthesis to enhance their durability and biocompatibility. Biotechnology is enabling the development of living cells and tissues for prosthetic applications. Peripheral vascular prosthetics are another segment experiencing growth due to an aging population and the rising prevalence of cardiovascular diseases. Reimbursement policies and healthcare infrastructure development in emerging economies are key factors influencing market dynamics.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The increasing prevalence of orthopedic diseases and associated risk factors is notably driving the market growth. The market, including knee, hip, shoulder, and elbow endoprostheses, is experiencing significant growth due to the increasing prevalence of orthopedic diseases, particularly among the aging and geriatric population. Osteoarthritis, a degenerative disease characterized by joint pain and stiffness, is a leading cause of disability and affects millions worldwide. Risk factors such as aging, sedentary lifestyle, and obesity contribute to the rising prevalence of orthopedic diseases. Developing economies are also witnessing a swell in demand for orthopedic implants as healthcare infrastructure improves and patient awareness increases. In addition, innovative products, such as biodegradable joint implants and 3D printed prostheses, are gaining popularity due to their customizability and potential for reduced post-surgery complications. The market for orthopedic implants is driven by several factors, including the growing patient pool, health coverage, and health reimbursement policies, such as Medicare.
Further, hospitals, clinics, and ambulatory surgery centers (ASCs) are major end-users of orthopedic implants, with strategic collaborations between leading vendors and innovative product launches driving market growth. Robotic surgeries and partial replacement procedures are also on the rise, offering patients more precise and less invasive treatment options. The market is further influenced by the increasing prevalence of conditions such as hip osteoarthritis and peripheral vascular diseases, which disproportionately affect the geriatric population. Patient knowledge and online tools are also playing an increasingly important role in the decision-making process for orthopedic procedures, with post-surgery assistance and customized hip prostheses becoming more common. Overall, the market is expected to continue growing at pace in the coming years. Thus, such factors are driving the growth of the market during the forecast period.
3D printing used for prosthetics is the key trend in the market. The market is witnessing significant growth due to the increasing prevalence of orthopedic diseases such as osteoarthritis, degenerative diseases, joint pain, and peripheral vascular diseases in the aging and geriatric population. Risk factors like sedentary lifestyle and obesity are also contributing to the market's expansion. Developing economies are expected to offer lucrative opportunities due to the increasing health coverage, health reimbursement policies, and medicare facilities. Orthopedic implants, including hip, knee, shoulder, and elbow, continue to dominate the market. Hospitals, clinics, ambulatory surgery centers (ASCs), and outpatient departments are the primary end-users of orthopedic implants.
Moreover, robotic surgeries and 3D printing technology are the latest trends, with leading companies focusing on strategic collaborations and innovative products. Biodegradable joint implants are gaining popularity due to their benefits in reducing the risk of complications and the need for revision procedures. Patient pool, post-surgery assistance, and customized hip prostheses are other key market drivers. The market is also witnessing the adoption of 3D printing technology for creating partial replacement implants and personalized solutions for individual patients. Online tools and patient knowledge are also playing a crucial role in the market's growth. Thus, such trends will shape the growth of the market during the forecast period.
Complications associated with use of endoprosthesis implants is the major challenge that affects the growth of the market. The market is witnessing significant growth due to the rising prevalence of orthopedic diseases such as osteoarthritis, degenerative diseases, joint pain, and the aging population. However, the use of orthopedic implants for knee, hip, shoulder, and elbow surgeries in hospitals, clinics, and Ambulatory Surgery Centers (ASCs) comes with certain risks and complications. These include infection, implant breakage, stiffness, periprosthetic cyst formation, malignant lymphoma, pain, joint stiffness, damage to blood vessels and connective tissues, and allergic reactions. Additionally, device-related complications such as implant breakage, dislocation, alignment deformities, loosening, fracture, migration, and early implant failure necessitate revision surgeries. Risk factors like sedentary lifestyle, geriatric population, and peripheral vascular diseases increase the patient pool for orthopedic implants.
Additionally, health coverage, health reimbursement policies, medicare, online tools, and post-surgery assistance are key factors driving market growth. Innovative products like biodegradable joint implants, 3D printing, and robotic surgeries are gaining popularity due to their customized solutions for individual patient needs. Strategic collaborations among leading vendors and the introduction of partial replacement and revision procedures further boost market growth. Despite these opportunities, the complications associated with endoprosthesis implants are expected to hinder overall market growth. Hence, the above factors will impede the growth of the market during the forecast period.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market is experiencing significant growth due to the rising prevalence of orthopedic diseases such as osteoarthritis, a degenerative disease that causes joint pain and mobility issues. The geriatric population, with their increased susceptibility to orthopedic illnesses and sedentary lifestyles, forms a large patient pool for this market. Risk factors like aging and obesity contribute to the growing demand for orthopedic implants, including hip, knee, shoulder, elbow, and biodegradable joint implants. Developing economies are expected to drive market growth due to increasing health coverage and health reimbursement policies.
Furthermore, hospitals and clinics are major end-users, with Ambulatory Surgery Centers (ASCs) gaining popularity due to their cost-effectiveness and convenience. Robotic surgeries and 3D printing technology are innovative trends in the market, offering customized hip prostheses and partial replacement options. Strategic collaborations among leading companies and the introduction of new, innovative products continue to shape the market landscape. Patient knowledge and online tools have become essential in post-surgery assistance and revision procedures. Peripheral vascular diseases and other orthopedic illnesses also contribute to the market's growth. The market is expected to continue its upward trajectory, driven by the aging population and the increasing prevalence of joint pain.
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Market Scope |
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Report Coverage |
Details |
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Page number |
179 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 12.94% |
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Market Growth 2024-2028 |
USD 23.2 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
11.19 |
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Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
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Performing market contribution |
North America at 42% |
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Key countries |
US, Germany, Canada, France, and China |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Arthrex Inc., B.Braun SE, Becton Dickinson and Co., Blatchford Ltd., Boston Scientific Corp., Exactech Inc., Hanger Inc, Johnson and Johnson Services Inc., Limacorporate SpA, Medacta International SA, Meril Life Sciences Pvt. Ltd., MicroPort Scientific Corp., Ossur hf, Smith and Nephew plc, Stryker Corp., TIPSAN Tibbi Aletler San. ve Tic. A.S., Trulife, W. L. Gore and Associates Inc., Wright Medical Group NV, and Zimmer Biomet Holdings Inc. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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