Pharmaceutical cartridges market Overview Analysis Drivers, Trends and Forecast to 2032

Market Overview

The Pharmaceutical Cartridges Market Share is projected to grow from USD 1.55 Billion in 2023 to USD 2.06 billion by 2032, exhibiting a CAGR of 3.60% during the forecast period (2023 - 2032). 

Market Dynamics

Over the projected period, a number of advantages that pharmaceutical cartridges provide over conventional ones are anticipated to fuel market expansion. Better damage resistance, chemical durability, and precise medicine administration are a few of these benefits. Additionally, the long-term storage of these cartridges is possible without changing the chemical makeup of the medication. Additionally, it guarantees a more efficient line of business because it lowers the possibility of damage occurring while distributing and transporting drugs. It is anticipated that investments made by well-known corporations in the development of cutting-edge pharmaceutical cartridges will increase their use and use.

The demand for safe pharmaceutical packaging for drugs, rising consumer preference for precise packaging, product innovations by manufacturers, and supportive governmental policies are expected to drive a moderate growth in the global pharmaceutical cartridges market report during the forecast period. Another important element driving the growth of the global pharmaceutical cartridges market is the introduction of novel pharmaceutical cartridges. Some of the factors driving the market for pharmaceutical cartridges are advantages like lightweight packaging, secure packaging options for pharmaceutical items, and rising need for precise dosing. To enhance their market share, market leaders should concentrate on preserving the quality of their products and increasing their manufacturing capabilities.

Due to the global rise in the prevalence of chronic diseases, there is an increased demand for parenteral drugs. As a result, parenteral packing demand is rising, which is improving the outlook for the pharmaceutical cartridges market industry. Pharmaceutical cartridge innovation has been sparked by the emphasis on parental medicine delivery. Consequently, the market for pharmaceutical cartridges is expected to grow at a promising rate due to the rise in demand for solutions for packaging pediatric diabetes medication.

Regional Analysis

The pharmaceutical cartridges market will be dominated by the Asia-Pacific Pharmaceutical Cartridges market region. Around 60% of the market for prescription drug cartridges in the Asia Pacific area is accounted for by developing nations like China and India. The market in the Asia Pacific is growing as a result of the region's escalating need for pharmaceutical products and the influx of several local and foreign pharmaceutical companies. The demand for pharmaceutical cartridges in the region is also fueled by an increase in healthcare awareness. Additionally, the Indian Pharmaceutical Cartridges market had the Asia-Pacific region's quickest rate of growth and China's Pharmaceutical Cartridges market had the greatest market share.

The second-largest market share for pharmaceutical cartridges is held by Europe. Due to their advantages, such as long-term storage and precise dosage, pharmaceutical cartridges are widely employed to deliver insulin. Additionally, the development of the region will benefit from the increased attention firms in Europe give to the production of glass cartridges due to their expanding use in pharmaceutical packaging. Additionally, the UK Pharmaceutical Cartridges market grew the fastest in the European region, while the German Pharmaceutical Cartridges market had the greatest market share.

The pharmaceutical cartridges market outlook in North America is anticipated to expand at the quickest CAGR between 2023 and 2032. The demand for pharmaceutical cartridges in North American countries is driven by a growth in the prevalence of chronic diseases including diabetes and rheumatoid arthritis. The rise of the regional market is also aided by the developed healthcare and pharmaceutical industries, as well as by the high spending in countries like the United States and Canada. Popular biotech and biopharma companies are also increasing market demand.

Competitive Analysis

The Pharmaceutical Cartridges market players are Ambica Pharma Machines Pvt. Ltd., AptarGroup Inc., Baxter International Inc., Camfil AB, Datwyler Holding Inc., Gerresheimer AG, groninger and co. gmbh, Hubena, Kalbag Filters Pvt. Ltd., KEL INDIA FILTERS, Maquinaria Industrial Dara SL, Merck KGaA, Nipro Corp., SCHOTT AG, and SGD S.A

Market Segmentation

Based on Material, the Pharmaceutical Cartridges Market segmentation includes Glass and Plastic. 

Based on Capacity, the Pharmaceutical Cartridges Market Trends segmentation includes Below 5 ml, 5-50 ml, 51-250 ml, and Above 250 ml. 

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Urinary Tract Infection Market Overview Analysis Drivers, Trends and Forecast to 2032

Market Scenario-

Market Research Future (MRFR)’s newly released study reveals that the Urinary Tract Infection Market share is projected to reach USD 12.21 billion by 2032 at a CAGR of 3.5% from 2023 to 2032. The market valuation by the end of the analysis period will be around USD 11.3 billion, adds the extensive report.

Competitive Analysis-

Urinary Tract Infection Market players are included in

Allergan,

Eli Lily, Company,

GlaxoSmithKline plc,

Cipla Inc.,

Pfizer Inc.,

Novo Nordisk A/S,

Bayer AG,

Novartis Ag,

Teva Pharmaceuticals,

Merck & Co. Inc.

are identified as the top Urinary Tract Infection Market Players highlighted in the extensive study.

Primary Boosters and Barriers

Rising investments in exhaustive research & development of novel drugs and advanced devices could be a crucial growth inducer of the market growth in the years ahead.  Majority of the companies are focused on carrying out extensive R&D activities for antibiotics. The key firms in the market part of these research studies include Cipla, Pfizer, and GlaxoSmithKline, investing substantially in antibacterial discovery trials.

The Urinary Tract Infection Market Report Size is slated to experience significant upsurge in the coming years, due to the surging burden of UTIs among women in the reproductive age group. A few other risk aspects include the utilization of contraceptive diaphragms, urinary tract abnormalities, and menopause, which are developing rapidly among the female population worldwide. This will be a major reason behind the robust business expansion in the ensuing years.

Striking increase in cases of diabetes and obesity and the consequent development of bladder dysfunction, paired with the surging use of cutting-edge technologies like nanotechnology stimulates the market growth as well.

Segmental Analysis

Drug class, application, pathogen, and end-user are the segments depending on which the urinary tract infections market overview has been considered in the review study.

• Drug class-based segments outlined in the study are aminoglycosides, quinolones, azoles, along with cephalosporins, and penicillin. Quinolones-wise, the major segments are pefloxacin, enoxacin, fleroxacin, and norfloxacin.
• Applications of urinary tract infection drugs and devices are in urethritis, cystitis, pyelonephritis, and others. Urethritis can expect the highest growth in the forthcoming period.
• Pathogens studied in the report are Proteus mirabilis, klebsiella pneumonia, escherichia coli, and more.
• Market end-users are healthcare centres, hospitals, self-administered kits, and clinics.

Regional Status

North America presides over the worldwide market for urinary tract infections, in terms of revenue generation. The North American market should continue to create waves over the following years, thanks to the soaring cases of diabetes and various chronic disorders. The mushrooming UTI patient base, particularly in the United States further fosters the industry share in the region. Studies have revealed that over 40 million Americas have diabetes, with more than 11% of the population in the US, resulting in higher vulnerability to infections such as UTIs. Vast pool of public health laboratories providing extensive services for UTI testing, paired with the availability of medical insurance are also a few other important growth boosters.

Asia Pacific will be covering considerable grounds at the fastest pace from 2020 to 2027, as the healthcare infrastructure continues to improve and cases of diabetes and UTI cases mounting in India, Malaysia, Singapore, and China. The mounting number of urinary tract infection testing, paired with the stunning expansion of the biopharma and pharma industries could further boost the business value in the region over the years to come. Experts believe that Asia Pacific will be a prime spot for the market, given the tremendous growth of the medical tourism industry across India and Japan. Other growth opportunities in the region will be the rapidly aging populace, surge in consumer awareness, rise in kidney diseases, supportive government policies, and the upgradation of the healthcare infrastructure.

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Meningococcal Vaccines Market Overview, Trends & Share Analysis 2032

Market Forecast

Meningococcal Vaccines Market share is projected to be worth USD 6.80 billion by 2032, registering a CAGR of 7.3% during the forecast period 2023 – 2032.

Market Synopsis

Meningococcal meningitis is a bacterial infection caused by Neisseria meningitides. Disease incidence is high in West and Central Africa, where historically, serogroup A has been the most important cause of disease. More recently, meningitis outbreaks have gradually been associated with serogroup C, and to a lesser extent, serogroup W.

The meningococcal vaccines market is complex and diverse, with regional variations in serogroup distribution with substantial use outside routine immunization. The vaccine has approximately 29 marketed products targeting various combinations of the six serogroups (A, B, C, W, X, Y).

Competitive landscape

The meningococcal vaccines market players are below.

• Baxter international
• Pfizer Inc.
• Sanofi S.A.
• Novartis Pharmaceuticals Inc.
• JN-International Medical Corporation
• Serum Institute of India Ltd.
• GlaxoSmithKline
• BIO-MED
• OthersTop of Form

Market Influencer

Without an increase in production, the existing supply of conjugate MenACWY will be inadequate to meet the demand generated by the rising incidence of serogroups C and W, and the low availability of polysaccharide vaccines. Further, several multivalent, conjugate vaccines by Chinese and Indian manufacturers are in the pipeline, and, if prequalified they will be registered for use in many geographies. Moreover, if they are made available at acceptable prices it could increase global demand in Meningococcal Vaccines Market Overview.

By end-user, the market is segmented into Hospital & Clinical, Research Laboratories, and Academic Institutes

Hospitals and clinics control the global meningococcal vaccines market report. The high growth of hospitals and clinics segment is attributed to the increasing application of vaccines in these healthcare facilities in conjunction with the growing prevalence and incidence of the meningococcal disease.

Moreover, research laboratories and academic institutes take up the second-largest share due to the boost in research and development in the market.

By region, the market is segmented into the Americas, Europe, Asia-Pacific, and the Middle East & Africa.

In the global market, China is expected to have the largest market share, which accounts for approximately 35% of the global demand. This is primarily due to polysaccharide products, which currently comprise 84% of China’s demand. Chinese suppliers presently focus only on meeting the demand of the domestic market, but some of the manufacturers have indicated interest in the global market as well. The dynamic product pipeline with several multivalent conjugate products in development may trigger changes in the future supply mix of the Chinese market. Moreover, in China, non-routine use (excluding campaigns) accounts for an estimated 9 million doses in 2019, which may help to sustain the huge market share in the forecast period.

UNICEF foresees all 26 African countries in the meningitis belt, which have completed mass campaigns in 2016. In 2015, seven countries in the region were introduced with meningococcal A conjugate vaccine through their mass campaigns and targeted a population of 233 million. Further, during 2016-2018, UNICEF introduced meningococcal A conjugate vaccine in 26 countries. Ghana was the first country to be introduced with the vaccine into its RI schedule in 2016. Also, four other countries including Mali, Niger, Nigeria, and Sudan introduced the vaccine into RI programs in 2016.

Meningococcal Vaccines Market Segmentation

By treatment, the market is segmented into Meningococcal Conjugate Vaccine, Polysaccharide, Subcapsular Vaccine.

Meningococcal A conjugate vaccine is significantly used in mass campaigns across affected regions like Africa. Since 2010, the vaccine has significantly decreased meningococcal disease incidence in the region. However, the demand for meningococcal A conjugate in the country remains uncertain given that national immunization program adoptions are based on the timing of Gavi funding decisions, the country’s readiness, and competing for vaccine introduction priorities.

In the polysaccharide segment, products such as MenACWY vaccines are in high demand. MenACWY vaccine is the most desirable combination, given its broader serotype coverage. MenACWY specifically has nine products that are available across polysaccharide and conjugate product segments, but conjugate products are suggested for use in routine immunization activities.

Moreover, the demand and supply of Subcap MenB vaccines is restricted to HICs and influenced by their acceptance into NIPs. Improved uptake of MenB vaccines is expected in the coming years but will likely be moderate and limited to high-income markets given the high price and competing interest of introducing MenACWY conjugate.

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Medical Robotics Market Overview, Industry Growth, Business Revenue & Future Plans

Market Overview

Acknowledging the potential, the market holds to increase in the years to come, Market Research Future (MRFR) in its recently published analysis asserts that the global medical robotics market share will witness a significant growth USD 52.41 billion by 2032 registering a whopping CAGR of 15.69% throughout the forecast period (2023 – 2032).

The global medical robotics market report has been growing pervasively mainly due to the constant advancements in the medical robotics technology.  Operating machines remotely and performing surgeries meticulously, medical robotics technology,

 has been proven to be far more effective than other similar technologies of medical science. Resultantly, this technology is being used across the verticals of healthcare making a number of surgical procedures easier & successful. Moreover, the increasing number of urological, cardiothoracic, and general surgeries is escalating the market on the global platform.

Integration of augmented reality (AR) and artificial intelligence (AI) into medical robotics technology have further enabled medical robotics to reach par excellence, making cost-effective healthcare available. Simultaneously, the emergence of AR &AI has been supporting medical robotics to streamline operating theatres, making the surgical procedures efficient without leaving scope for human error at the same time saving a whole lot of time of healthcare staff.

Additional factors predominantly propelling the growth of the market include the augmenting demand for robotic surgeries and the prevalence of diseases & increasing cases of accidents. Furthermore, growing investments transpired into R&D activities are helping the market to create a significant revenue pocket in the global space, improving the technology further.

On the other hand, factors such as the latency issues occurred due to the embryonic stage of this technology such as the time lapses between the instructions physicians give to direct the controls and machines’ response which results in robots getting programmed incorrectly, are impeding the growth of the market.   Also, the intense training required before operating these robots (machines) which demands a significant amount of time, present challenges to the growth of the market, slowing down its uptake.

Moreover, the technology demands more advancement in terms of logistics for instance; once programmed, this robotics cannot change the course instantly, meaning, they offer no chance for the needed adjustments to take place during the surgery which is also a crucial factor. Nevertheless, advancements in technology which is expected in the nearing future will support the market to perceive mega accruals, ruling-out these issues.

Medical Robotics Market – Competitive Analysis

Highly competitive, the medical robotics market appears to be fragmented owing to the presence of several well-established players. These players are focusing on optimizing situational awareness towards customers to ensure their mission success.  They seek market expansion through various strategic initiatives such as innovation, M&A, and increasingly invest in R&D to develop cost-effective product portfolio.  As they are aware that these investments are going to help them to expand their market presence

Major Players:

global medical robotics market players include Smith & Nephew Ltd. (UK), Stryker Corporation (US), ReWalk Robotics (Israel), Medtech SA (France), KUKA Roboter GmbH (Germany), Hocoma AG (Switzerland), Aethon Inc. (US), Mazor Robotics Ltd. (Israel), Intuitive Surgical, Inc. (US), Varian Medical System, Inc. (US), Titan Medical, Inc. (US), Intouch Health Technologies, Inc. (US), Medrobotics Corporation (US),  Kinova (US), Carefusion Inc.(US),   Ekso Bionics Holdings, Inc. (US), Myomo Inc. (US), Hansen Medical, Inc. (US), Transenterix, Inc. (US), ZOLL Medical Corp. (US), and Auroba Biomed Inc. (US) among others.

Global Medical Robotics Market – Segmentations

For ease of understanding, the market has been segmented into three key dynamics: -

By Product   : Various Accessories, Hospitals & Pharmacies (I.V. Robots, Pharmacy Robot, and others), Medical Surgical Robotic Systems (Neurosurgical Robotic Systems, Orthopaedic Robotic Systems, Laparoscopy Surgical Robotic Systems, and other), and Rehabilitation Services (Prosthetic Robots, Orthotics Robots, Assistive Robots, Therapeutic Robots, and other) among others.

By Application         : Cardiology, Neurology, Rehabilitation, and Laparoscopy among others.

By Regions               : North America, Asia Pacific, Europe, and the Rest-of-the-World.

 

Global Medical Robotics Market –Geographical Analysis

The North American region, heading with the huge number of technological advances leads the global medical robotics market overview, accounting for over 40% of the market share. Factors such as the augmenting demand for well-developed healthcare infrastructure and robot-assisted surgeries driven by the high healthcare expenditure drive the growth of the regional market.

The medical robotics market in the European region accounts for the second-largest market, globally. Favorable governmental support and initiatives are expected to help the market to grow extensively, registering a considerable CAGR throughout the forecast period. The proliferating healthcare sector led by the resurging economy is radiantly fostering the growth in the regional market.

The Asia Pacific medical robotics market has been rapidly emerging as a profitable market, globally. Factors such as the huge technological developments and the continually developing healthcare infrastructure that is led by the rapidly developing economy are expected to boost the growth of the regional market, allowing it to register a fabulous CAGR throughout the assessment period, proving more opportunities to the international players.

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Nanobiosensors in Healthcare Market Outlook : A Forecast of the Market Share, and Trends

Market Overview

The advanced monitoring systems are gaining popularity which is motivating the nanobiosensors in the healthcare market share. The healthcare reports are made by Market Research Future, which includes market options for expansion. A fortuitous 10.60 % CAGR is projected to influence the market in the forthcoming period.

The increased demand for research based on the detection of chemical and biological substances in humans is estimated to stimulate the nanobiosensors in the healthcare market companies in the coming period. The breakthroughs associated with nanomaterials is estimated to translate positively towards the expansion of the nanobiosensors in the healthcare market insights in the approaching period.

Competitive Analysis

The incorporation of digitalized processes in businesses is predicted to spur the market in the impending period. The organizations are likely to improve their response time and reaction to crisis considerably in the upcoming years regarding the current situation created by the global pandemic. The market is estimated to exhibit a resurgent phase of development in the impending period. The market is also foreseen to take significant strides to achieve major digital investments in areas such as AI engineering and distributed cloud. The unprecedented socioeconomic challenges are estimated to have a noticeable effect on the global market in the duration of the forecast period. The stimulating effect of analytics to business value is estimated to encourage innovation and more strategically plans in the forthcoming period. The impact of automation is estimated to trickle to virtually every area of business operations and fostering the development of the global market in the forecast years. The gradual growth in the bottom-line results is estimated to be conducive to the market players plans’ for the future.

The nanobiosensors in healthcare market players are

F. Hoffman-LA Roche Ltd.,

Pharmaco-Kinesis Corporation,

Medtronic Inc.,

Nano-Proprietary, Inc.,

Lifescan, Inc.,

Lifesensors, Inc.,

ACON Laboratories, Inc.,

Bayer Healthcare AG,

Abbott Point of Care, Inc.,

Bio-Rad Laboratories, Inc.,

Biosensors International Pte. Ltd.,

Illuminex Corporation and

Sysmex Corporation to name a few.

Segmental Analysis 

The segmental evaluation of the nanobiosensors in the healthcare market outlook has been conducted on the basis of application, end-user, type, and region.

Based on the type, the nanobiosensors in the healthcare market report has been segmented into electrochemical nanobiosensors, acoustic nanobiosensors, optical nanobiosensors, and others.

Based on the region, the nanobiosensors in the healthcare market is segmented into Europe, Asia Pacific, the Middle East, the Americas and Africa.

Based on the application, the nanobiosensors in the healthcare market has been segmented into immunoassay, cancer, pathogenic bacteria, diabetes, and others.

Based on the end-user, the nanobiosensors in the healthcare market has been segmented into, diagnostic centres, hospitals and clinics point of care, and others.

Detailed Regional Analysis 

The regional assessment of the nanobiosensors in the healthcare market overview includes regions such as Europe, Asia Pacific, the Middle East, the Americas and Africa. The Americas nanobiosensors in the healthcare market is expected to direct the global market due to schemes by government and monitoring authorities, the expanding frequency of chronic disorders, and demands for advanced technology. The European regional nanobiosensors in the healthcare market is projected to be the next principal market. The European market development in this region can be accredited to the government emphasis to rule continuing disease, well-established healthcare setup, and the intensifying population suffering from cardiovascular disorders. The Asia Pacific is projected to be the fastest increasing nanobiosensors in healthcare market throughout the forecast period due to intensifying diabetes, collective disposable income, and government proposals for the progress of the healthcare sector. Furthermore, the governments in these countries are open to implementing new technology and top treatment options from a developed country.

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Dental Chair Market Outlook: SWOT Analysis, And Key Industry Developments

Market Overview:

The Dental Chair Market Share is expected to reach USD 1.12 Billion by 2032 at 5.5% CAGR during the forecast period 2023-2032. The two most significant aspects to consider when designing a dental chair are the patient's convenience during dental operations and the dentist's ease while conducting dental treatment, particularly dental surgery. Presently, there are two types of dental chairs: one that is powered by electricity and another that is powered by a manual or non-powered source.

The global Dental Chair Market Share is witnessing a continual rise. Market growth attributes to growing dental issues and dental practices across the globe. Besides, improvements in the functionality of dental chairs drive the growth of the market. Dental chairs play a causal role in improving the patient experience during dental treatments. Increased patient comfort during performing dental procedures and dental surgeries act as a significant growth driver.

Global Dental Chair Market – Segmentation

The report is Dental Chair Market Outlook Segment into four dynamics;

·        By Product: Powered Dental Chairs and Non-Powered Dental Chairs.

·        By Type : Fixed Dental Chair and Portable Dental Chair.

·        By Application: Examination, Oral Surgery, Orthodontics, and others.

·        By Regions:  North America, Europe, APAC, and Rest of the World.

Moreover, surging demand for dental aesthetic treatments and dental procedures escalate market growth. According to Market Research Future (MRFR), the global dental chair market outlook is expected to reach a valuation of USD 627.1 MN by 2030, registering 4.1% CAGR over the assessment period (2022 – 2030). The spurting rise in the number of dental examinations and procedures performed worldwide, creates huge market demand.

Global Dental Chair Market – Competitive Analysis

The dental chair market appears highly competitive and fragmented due to many well-established players forming a competitive landscape. These players adopt strategic approaches such as mergers & acquisitions, collaboration, expansion, and technology launch to strengthen their market positions. 

They invest substantially in developing new technologies and upgrade their existing manufacturing techniques. Also, they make substantial investments to expand their global footprints. They continuously seek improvement and innovation and try to provide quality dental chairs and superior service to their clients, creating service-driven and trusted relationships traders and suppliers.

Major Players:

The Dental Chair Market Players are included.

Dentsply Sirona,

Patterson Dental Supply, Inc.,

PLANMECA OY,

Henry Schein, Inc.,

A-dec Inc.,

Danaher Corporation,

Craftmaster Contour Equipment, Inc.,

Midmark,

KaVo Dental GmbH, and

XO CARE A/S, among others. 

Dental Chair Market – Regional Analysis

North America leads the global dental chair market, heading with the increasing numbers of dentists and dental treatment procedures in the region. Also, factors such as the strong presence of major industry players and well-equipped dental care centers drive regional market growth. Besides, increasing R&D activities carried with substantial investments for the development of innovative products boosts the growth of the regional market.

Additionally, the increasing demand for prosthodontics and raising awareness about oral health push the growth of the regional market. Furthermore, the high expenditures on oral care, increasing demand for better dental care infrastructures, and rapid uptake of new technologies in the manufacturing substantiate the regional market growth. The dental chair market in North America is projected to retain its dominance over the global market throughout the review period.

Europe holds the second-leading position in the global dental chair market due to the well-established dentistry in the region. Moreover, factors such as the strong presence of key dental chair manufacturers and the increasing number of dental practices propel the regional market growth. Rise in numbers of dentists creates a high demand for dental equipment, including the dental chair. Besides, rising cases of root canal procedures and oral & dental surgeries boost the growth of the regional market. The dental chair market in Europe is expected to create a substantial revenue pocket.

The Asia Pacific dental chair market is growing rapidly. Factors such as the augmenting demand for dental procedures and rising numbers of dental care providers in the region foster market growth. Moreover, increasing per capita healthcare expenses and developing healthcare infrastructure drive the regional market growth excellently. Besides, the proliferation of oral health insurance propels the growth of the regional market. Additionally, the rapidly growing population, healthcare sectors, and the growing focus on improving the healthcare facilities contribute to the regional market growth.

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Endoprosthesis Market Outlook: growth, drivers and forecast report by 2032

Market Highlights

The Endoprosthesis Market Share evaluated at USD 9.2 billion in 2022 and is expected to cross USD 23918 billion by 2032 at a CAGR of 11.20% during the forecast period 2023-2032. Endoprosthesis is a surgery that involves using an implant to replace a joint in the body that has lost functionality due to damage or disease, in part or whole. Degenerative joint disease, fractures, and malignancies are all common markers for endoprosthesis use. The growth of the global Endoprosthesis is driven by factors such as the increasing prevalence of osteoarthritis among the geriatric population, technological advancements in endoprosthesis devices enabling effective treatment, and increasing awareness among the population. However, adverse effects and high costs associated with endoprosthesis are likely to restrain the market growth.

endoprosthesis definition: a medical device that replaces a damaged or missing body part within the body.

Endoprosthesis Market Overview

Endoprosthesis Market Overview are Information By Product (Knee, Hip, Shoulder, Elbow, Finger/Hand, Ankle/Foot), By Knee (Primary, Partial, Revision Knee Replacement, Tumor, Custom Made), By Hip (Primary, Partial, Revision Hip Replacement, Tumor, Custom Made), By Shoulder (Primary, Revision Shoulder Replacement, Tumor, Custom Made),By Elbow (Total Elbow, Radial Head Replacement, Tumor, Custom Made), By Finger/Hand (Total Wrist, PIP Finger, MCP Finger Prosthesis), By Ankle/Foot (Total Ankle Great Toe Implant)

Key Players—

Endoprosthesis Market Players areJohnson & Johnson Services, Inc.(US), Zimmer Biomet Holdings Inc.(US), Stryker(US), Smith & Nephew(UK), Corin Ltd (UK), MedactaInter national SA (Switzerland), Exactech, Inc.(US), MicroPortOrthopedics, Inc.(US), Baumer S.A. (Switzerland), and B. Braun Melsungen AG (Germany).

MRFR recognizes the following companies as the key players in the global Endoprosthesis

Segment Analysis

The global endoprosthesis market outlook is segmented into products, further categorized into the knee, hip, shoulder, elbow, finger/hand, and ankle/foot endoprosthesis products. The knee, hip, and shoulder segments are further segmented into primary replacement, partial replacement, custom-made replacements, revision replacement, and tumor. The elbow segment is categorized into total elbow replacement, radial head replacement, tumor, and custom-made replacements. The finger/hand segment is segmented into the total wrist, PIP, and MCP finger prosthesis. Lastly, the ankle/foot segment is categorized into the total ankle and great toe implant segments.

Key Findings of the Study

·        The global endoprosthesis market is estimated to reach USD 45,134.19 million by 2027 at a CAGR of 11.58% during the assessment period of 2021to 2027.

·        North America will hold the largest share of the global endoprosthesis market during the forecast period due to prominent US players, rising arthritis cases, and technological developments in healthcare infrastructure.

Regional Analysis

The global Endoprosthesis Market Report, based on region, has been divided into North America, South America, Europe, Asia-Pacific, and the Middle East & Africa.

The North American market accounted for the largest share of 29.57% in 2020 and is expected to increase at a CAGR of 11.26% during the forecast period. This is due to the rise in prevalence of knee & hip osteoarthritis among the geriatric population, the presence of key players and lifestyle diseases, technological developments in healthcare applications, and increasing adoption of technically advanced healthcare products.

The South American market held a market share of 14.6% in 2020 and is expected to register a CAGR of 10.38%. Factors like inexpensive treatments, a rise in musculoskeletal diseases, and an increasing geriatric population will drive the market in the forecast period.

Europe accounted for a market share of 24.59% in 2020 and is expected to exhibit a CAGR of 12.41% during the forecast period. Factors such as the increase in the prevalence of joint disorders, improved healthcare infrastructure in the region, the rising geriatric population, and growing awareness about the use of prosthetics in orthopedic injuries are propelling the regional market growth. For instance, according to the Eurostat data published in 2020, 90.4 million older people aged 65 and above were living in the EU-27 in 2019.

Asia-Pacific is expected to register the highest growth rate over the forecast period from 2021to 2027 at a CAGR of 12.78%. Factors like the growing incidence of osteoarthritis and a booming aging population are projected to boost the market growth in the region over the forecast period. In addition, growing expenditure on healthcare infrastructure and rising affordability of the surgery are likely to drive the region’s market growth.

The Middle East & Africa region accounted for a market share of 10.93% in 2020. It is expected to have a CAGR of 9.66% in the forecast period. The market growth is less due to slowly improving economies. However, factors like the growing aging population and improving healthcare infrastructure will drive the growth of the endoprosthesis market.

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