Impact Analysis of Covid-19
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The Global Osseointegration Implants Market, by Product Type (Dental Implants, Knee Implants, Hip Implants, Spinal Implants, and Others), By Material Type (Titanium Implants, Zirconia Implants, Stainless Steel Implants, Ceramic Implants, and Others), By End User (Hospitals, Ambulatory Centers, Dental and Orthopedic Clinics, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) was valued at US$ 5,672.3 million in 2017, and is projected to exhibit a CAGR of 6.72% during the forecast period (2018 – 2026).
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Osseointegration implant is an endosteal implant that contains pores into which osteoblasts and supporting connective tissue can migrate. This implant is placed between living bone and surface of a load-bearing artificial implant. It is a fixation of alloplastic materials with a living part of patient for treatment purpose. Osseointegration implants have become a vital part of cosmetic dentistry industry due to the increasing disposable income and awareness about the advanced technology among the patients and healthcare providers. Key players in osseointegration implants market are launching innovative products to generate a reasonable amount of share in the market. For instance, in June 2017, DePuy Synthes Companies launched Fenestrated Screw Systems- VIPER and EXPEDIUM in the U.S. market. These products would re-establish the correct posture of the spinal column in patients with advanced stage spinal tumors. The gradually increasing number of people suffering from edentulous is propelling demand for osseointegration implants. According to the Indonesian Family Life Survey (IFLS), overall prevalence of edentulous was 7.2-29.8% in the age group > 80 years and older in Indonesia in 2015. Furthermore, according to the report published by Public Health England in 2016, the highest prevalence of edentulous in England was around 17.8% in the age group of 65 to 74 years. Moreover, development of advanced technologies for dental implants and the increasing number of dental practitioners are supporting growth of the osseointegration implants market. The increasing incidence of degenerative spinal conditions is another factor driving growth of the global osseointegration implants market. For instance, according to the National Spinal Cord Injury Statistical Center (NSCISC), in 2017, around 17,500 new Spinal Cord Injury (SCI) cases were performed annually in the U.S. Moreover, an estimated amount of about 285,000 persons in the U.S. are living with SCI in 2017.
Browse 27 Market Data Tables and 24 Figures spread through 153 Pages and in-depth TOC on Osseointegration Implants Market, by Product Type (Dental Implants, Knee Implants, Hip Implants, Spinal Implants, and Others), By Material Type (Titanium Implants, Zirconia Implants, Stainless Steel Implants, Ceramic Implants, and Others), By End User (Hospitals, Ambulatory Centers, Dental and Orthopedic Clinics and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Global Forecast to 2026.
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Key players in the osseointegration implants market are adopting various strategies such as mergers, acquisitions, collaborations, and new product launches to maintain their position in the market and to gain a stronger foothold. Moreover, a large number of companies investing in developing economies have adopted distribution strategies that have contributed to the transformation of the medical sector across the globe. For instance, in January 2017, Integrum SE introduced the new OPRA Implant System Platform G which is used for transfemoral patients. This new system is CE labeled and approved by the FDA which has improved the mechanical performance of the system by simplifying the surgical procedures and enhancing osseointegration. The market growth in emerging economies is propelled by supportive government initiatives and the growing awareness among consumers as well as healthcare providers about the use of osseointegration implants, and medical tourism in these regions. Furthermore, the increasing consumption of unhealthy food and sedentary lifestyle has led to an increase in disease prevalence, which is expected to have a positive impact on the growth of the osseointegration implants market. According to the World Health Organization (WHO), more than 1.9 billion adults were overweight and around 650 million people were obese worldwide in 2016.
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Key Takeaways of the Osseointegration Implants Market:
- The global osseointegration implants market is expected to expand at a CAGR of 6.72% during the forecast period (2018–2026) owing to the rising number of joint replacement surgeries. According to the American Joint Replacement Registry (AJRR), in 2015, over 97, 673 primary hip replacement procedures and 87,593 primary knee replacement procedures were performed in the U.S.
- Among product type, the knee implants segment is expected to hold a major revenue share in 2018 owing to the increasing incidence of osteoarthritis and rheumatoid arthritis among the geriatric population.
- Among material type, the ceramic implants segment is projected to register the highest CAGR during the forecast period owing to its biocompatibility and aesthetic appearance.
- Among end-user, the hospital segment is expected to hold the major revenue share in 2018 owing to high rate of hospitalizations due to the rising number of joint replacement procedures.
- Major players operating in the global osseointegration implants market are Medtronic plc., Stryker Corporation, Zimmer Biomet Holdings, Smith and Nephew Plc., Straumann AG Group, Integrum SE, Southern Implants, and ConMed Corporation.
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