The global osseointegration
implants market Size is anticipated to post a CAGR of 6.4% over the
forecast period of 2017-2023, proclaims Market Research Future (MRFR) in a
detailed study. The global osseointegration implants market was stood at USD
4.7 Bn in 2017 and is expected to catapult to USD 6.8 Bn by the end of
2023.
The increasing number of joint replacement
surgeries, particularly among the geriatric population, coupled with the
growing adoption of minimally invasive surgeries, and striking advancement in
healthcare facilities will have a strong impression on the growth of the
osseointegration implants market in the coming years. Prominent players are
constantly using various growth strategies like new product launch,
partnerships, acquisitions, agreements and joint ventures for increasing their
foothold in the industry. For instance, Integrum SE had introduced a
revolutionary OPRA implant system in April 2018. As per the company, the
product is expected to be initially available only in London and will be
distributed via London International Patient Services (LIPS), which is a
healthcare treatment organization for the international patients on the lookout
for treatment.
Besides, the osseointegration implants
market in the developed nations like the United States (U.S.), France, Germany,
and Australia, is relatively more mature on account of the presence of
well-established players thriving in these countries, accompanied by the high
demand for these products.
Also, emerging nations in Latin America and
Asia, at present, are witnessing a moderate adoption rate of osseointegration
implants, serving to be strong growth opportunities in the near future.
Moreover, economic growth paired with the growing disposable income in these
economies will elevate the market position to a large extent. The market will
further benefit owing to the manufacturing companies continuously investing in
these rapidly emerging markets, on the face of various pricing and distribution
activities being undertaken efficiently.
Competitive Landscape
Danaher Corporation, Zimmer Biomet Holdings
Inc., NuVasive, Inc., Dentsply Sirona Inc., Cochlear Ltd., William Demant Holding
A/S, The Straumann Group, Medtronic plc, Henry Schein Inc., Stryker Corporation
are the notable players in the global osseointegration implants market.
Segmentation
The global osseointegration
implants market insights has been segmented based on product, material
type, and end user.
By product, the global osseointegration
implants market has been segmented into bone-anchored prostheses, dental
implants, and others. The bone-anchored prostheses segment is the largest
segment while the dental implants segment is the fastest-growing segment.
By material type, the global
osseointegration implants market has been segmented into metallic, ceramic,
polymeric and others. The metallic segment is the largest segment while the
ceramic segment is expected to be the fastest growing segment.
By end user, the global osseointegration
implants market has been segmented into hospitals, ambulatory surgical clinics,
and others. The hospitals segment is the largest segment while the ambulatory
surgical clinics segment is likely to be the fastest growing segment over the
forecast period.
Regional Analysis
By region, the global osseointegration
implants market has been segmented into the Americas, Asia Pacific (APAC),
Europe, and the Middle East & Africa (MEA).
The Americas account for the maximum share
of the global osseointegration implants. Fast uptake of latest and
technologically advanced treatment options, high healthcare expenditure, well
spread awareness regarding osseointegration implants drive the market in the
region. Moreover, the growing popularity of cosmetic dentistry and increase in
geriatric population are also crucial factors boosting the market growth. The
presence of key players is a factor which cannot be missed.
Europe too is a significant revenue pocket
which is expected to expand notably over the forecast period.
APAC is expected to present lucrative
growth opportunities for the growth of the osseointegration implants market.
Increasing demand for these implants due to rapid top rise in geriatric
population, and also high demand for dental implants spur the demand for
osseointegration implants in the region.
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