Endoprosthesis Market Is on Track To Hit $65,997.9 Million by 2030

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.

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The damaged thighbone, shinbone, and kneecap-or their cartilages-are removed during the procedure, and a prosthetic joint is subsequently put in their place. People choose to have a primary knee replacement because it makes daily tasks easier. Additionally, this can address osteoporosis conditions as strong knees offer increased stability and support and reduce the risk of falling.

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.

The advancement of the industry is further fueled by the recent increased focus on the area's healthcare infrastructure. Therefore, as healthcare costs rise and the count of hospitals increases, the market growth in the region will also increase.

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Over 50,000 hip and knee arthroplasties are also carried out in China annually. This figure is expected to increase dramatically over the following few years due to the rising incidence of orthopedic illnesses and injuries among the country's older 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.

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.

In addition, two of the ten most incapacitating illnesses in many developing countries are degenerative and osteoarthritis joint disease. In men and women over 60, asymptomatic osteoarthritis affects 9.6% of men and 18.0% of women.

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