Osseointegration Implants Market Competitive Landscape, Changing Market Trends and Emerging Opportunities

Osseointegration implants market is forecasted to reach a value of $12.5 billion by 2023, showcasing a CAGR of 4.0% during 2018-2023.

The osseointegration implants market is being positively influenced by the increasing volume of dental implant surgeries and trauma incidents, rising prevalence of spinal cord injuries (SCIs), growing funds for research, and improved reimbursement support for surgeries. It generated a revenue of $9.9 billion in 2017 and is expected to advance at a 4.0% CAGR during the forecast period (2018–2023). Osseointegration implants are used for the treatment of hearing loss, tooth loss, and amputees. Osteoblasts and supporting tissue migrate to the pore in which the implant is placed.

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Rise in new product launches in the osseointegration implants market is another trend. Companies are unveiling new and innovative products to increase their portfolio and geographical presence. For instance, the OKTAGON implant system developed by DRS International GmbH was launched by Henry Schein Inc. in September 2017 with exclusive distribution rights in the U.K. Similarly, OPRA Implant System Platform G was launched by Integrum AB in January 2017. It is used for transfemoral patients to simplify surgical procedures and improve the mechanical performance of the system.

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As compared to dental clinics and ambulatory surgical clinics, the consumption of osseointegration implants in spinal fusion surgeries in hospitals is the highest. Since, hospitals are where these injuries are treated most extensively, these are the largest category in the end user segment of the osseointegration implants market. A revenue share of 66.4% was held by the hospital category in 2017, and it is expected to grow to 67.8% by 2023.

The largest contributor to the osseointegration implants market in 2017 in the region segment was North America. A United Nations publication, β€œAn Aging World 2017”, mentioned that the aged population (60 years and above) in the region is expected to grow to 28.0% of total by 2050 from 22.0% in 2017. Hence, it is clear that the North American market is being driven by the increasing aged population, along with the rising volume of amputations and surging prevalence of spinal disorders.

Therefore, the market for osseointegration implants is slated to advance in the forecast period, as the incidence of SCIs and the number of amputations are witnessing an increase.

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