The Global Osseointegration Implants Market size is estimated to be USD 5.41 billion in 2019 and is predicted to reach USD 12.87 billion by 2030 with a CAGR of 8.2% from 2020-2030. Osseointegration Implants is a connective tissue which can migrate and move freely and also contains pores and osteoblasts cells. Osseointegration Implants have wide applications in joint replacement, dental implants and others. These implants can be of titanium, zirconia, ceramic, stainless steel and others. These are the metal surface attached to the active bone it takes time in healing and becomes stronger and support firmly.
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Over the period of time there has been a tremendous change in the lifestyle and eating habits which ash increased the prevalence of dental disorders. Lack of proper hygiene and coupled with increased in geriatric population is also expected to fuel the growth of Osseointegration implants market.
The other factors which are expected to affect the growth of Osseointegration implants market includes increased used of prosthetics among amputees, favorable reimbursement scenario, reduced side effects with multifunctional benefits. Furthermore, increase in trauma cases with reduced healing time coupled with increase in joint replacement surgeries among geriatric population is expected to contribute the growth of Osseointegration implants market. However, high cost of implant and risk associated with the complications are expected to hinder the growth of Osseointegration implants market. On the other hand, technological advancement in the implants and research and development activities are expected to create lucrative opportunities in the near future.
Market Segmentations and Scope of the Study:
The global Osseointegration implants market share is analyzed on the basis of product, material, end users, and geography. On the basis of product, the market is segmented into bone-anchored prostheses and dental implants. The bone-anchored prostheses are sub segmented into spinal fusion implants, auditory implants and upper & lower limbs. The dental implants segment is further divided into crown, implant and abutment. On the basis of material, the market is divided into metallic biomaterials, ceramic biomaterials, polymeric biomaterials, and others. On the basis of end users, the market is divided into hospitals, dental clinics and ambulatory surgical clinics. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.
North America denotes a higher adoption of the Osseointegration implants and is anticipated hold the highest market share during the forecast period. This is attributable to the factors including presence of well-established healthcare amenities, technological advancements and increased adoption of prosthetics among amputees population.
It is expected that the emerging economies, specifically in the Asia-Pacific region would witness increasing market size owing to increasing accessibility to healthcare facilities in the region, increasing trauma cases, increased prevalence of dental disorders coupled with increase in geriatric population and joint replacement surgeries.
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The Osseointegration implants market, which is highly competitive, consists of a various major players. Some of the key players include Dentsply Sirona Inc., Danaher Corporation, Zimmer Biomet Holdings Inc., The Straumann Group, Henry Schein Inc., NuVasive, Inc., Stryker Corporation, Cochlear Ltd., William Demant Holding A/S, and Medtronic plc among others.
Over the period of time there has been various development taken place in the Osseointegration implants market. For instance, in October 2018, Zimmer Biomet Holdings, Inc., is working with Apple by using Apple Watch and iPhone to change the patient journey for two of the most common surgeries Americans undergo each year – knee and hip replacement. This collaboration has yielded Zimmer Biomet mymobility, an app that uses Apple Watch to facilitate a new level of connection between patients and their surgical care teams, which can immediately impact the journey patients experience when they undergo these procedures.