Press release
North America Is Dominating Endoprosthesis Market
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The global market is boosted by a surge in the occurrence of peripheral vascular illnesses and orthopaedic diseases. Moreover, rising patient awareness regarding the use of prostheses for orthopaedic wounds, also a surge in the incidence of knee and hip osteoarthritis among the elderly populace, is projected to drive the global industry in the coming years.
In 2021, North America led the industry with approximately USD 8.0 billion in revenue and is projected to be on the leading spot throughout the decade, credited to the growing acceptance of technically enhanced items in the continent.
Moreover in 2021, the U.S. held the largest endoprosthesis market share in North America. The main reason boosting the development of the industry in the nation is the surge in the occurrence of knee and hip osteoarthritis among the elderly populace. Almost 1 million knee and hip operations are done in the nation every year.
In 2021, APAC generated a revenue share of USD 5 billion and is projected to grow with the CARG of above 13%. This can be credited to the fact that in the next 50 years, the population of aged people will increase significantly.
Browse full report at: https://www.psmarketresearch.com/market-analysis/endoprosthesis-market
Hence, the surge in the occurrence of peripheral vascular illnesses and orthopaedic diseases. Also rising patient awareness regarding the use of prostheses for orthopaedic wounds, also a surge in the incidence of knee and hip osteoarthritis among the elderly populace are the major reasons driving the endoprosthesis industry.
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