The global osseointegration implants market 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.
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.
The global osseointegration implants market 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.
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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