Why Will APAC Region Grow at the Fastest CAGR in Endoprosthesis Market?

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.

The global endoprosthesis market will reach $65,997.9 million by 2030. The demand for endoprosthesis is driven by the growing frequency of orthopedic illnesses and peripheral vascular diseases.

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.

Increasing Cases of Osteoarthritis among Aged 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.

Additionally, 25% of those with osteoarthritis are unable to do most of their daily chores, and 80% of those with the condition have mobility problems. These factors are predicted to increase the demand for endoprostheses, which are used to treat this disorder and others like it.