Osseointegration is defined as a direct bone anchorage to an implant surface which can provide a basis to support a prosthesis till it becomes stronger and supports firmly. Osseointegration implants is a type of implant that contains pores in which osteoblasts and cells containing connective tissue can migrate freely. Osseointegration implants are used for various applications in the field of dental implants, bone and joint replacement procedures, and implants undertaken for providing better quality of life to the amputees. It is a widely accepted implant procedure in the health care industry at present. Some of the factors that impact attachment of the bone to the metal surface include biocompatibility of the implant material, nature of the implant, surgical technique involved, and recovery time for healing.
Increasing demand for osseointegration implants owing to rising number of joint replacement surgeries among geriatric population is expected to drive market growth. According to the Organisation for Economic Cooperation and Development (OECD), on an average, the rate of hip replacement has increased by 30% between 2000 and 2015, and the rate of knee replacement nearly doubled between 2000 and 2015. Moreover, average incidence of the Hip replacement surgery was 166 per 100,000 population in all 34 OECD countries in 2015.
Moreover, key players are opting for different strategies such as new product launch, acquisitions, partnerships, joint ventures, and agreements to increase their foothold in this market. For instance, in April 2018, Integrum SE launched a new revolutionary OPRA implant system, which will be initially available only in London and would be distributed through London International Patient Services (LIPS) – an organization seeking treatment for international patients.
However, risk and complications related to the osseointegration implant surgery is one of the major factor restraining growth of global Osseointegration Implants Market. Furthermore, high-cost associated with the implants with inadequate reimbursement coverage on some procedures such as dental implants have also obstructed growth of osseointegration implants market.
Growing Number of Joint Replacement Surgeries Among Geriatric Population is Expected to Drive the Osseointegration Implants Market Revenue
Increasing patient population undergoing joint replacement surgeries has boosted growth of the global osseointegration implants market. According to the National Joint Registry (NJR), in 2017, around 992,090 primary total hip replacements, 1,087,611 knee replacements, 4,687 ankle replacements, 30,720 shoulder replacements, and 2,872 elbow replacements were performed in U.K. Moreover, in U.S, around 17,500 new Spinal Cord Injury (SCI) cases are performed annually and an estimated 285,000 people were suffering from SCI in 2017, as per National Spinal Cord Injury Statistical Center (NSCISC).
Increasing demand for cosmetic dentistry, owing to rising prevalence of dental decays is supporting growth of the global osseointegration implants market. According to the U.S. Department of Health and Human Services, the prevalence of total dental caries among the age group aged 2–19 years was 45.8% and it increases with age, from 21.4% (among age group 2–5) to 50.5% (among age group 6–11) and 53.8% (among age group 12–19) in 2016. Moreover, growing disposable incomes in various countries has also influenced growth of the osseointegration implants market.
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- Global Osseointegration implants Market, By Product Type:
- Dental Implants
- Knee Implants
- Hip Implants
- Spinal Implants
- Global Osseointegration implants Market, By Material Type:
- Titanium Implants
- Zirconia Implants
- Stainless Steel Implants
- Ceramic Implants
- Global Osseointegration implants Market, By End User:
- Ambulatory Centers
- Dental and Orthopedic Clinics
Osseointegration Implants Market – Competitive Landscape
Key players operating in the global osseointegration implants market include Medtronic, Stryker Corporation, Zimmer Biomet Holdings, Smith and Nephew Plc., Straumann AG Group, Integrum SE, Southern Implants, ConMed Corporation and others. Manufacturers in osseointegration implants market are focused on expanding their distribution channels in emerging economies, which offers untapped growth opportunities for the growth of the osseointegration implants market. For instance, in May 2018, Datum Dental, Ltd, leading provider of innovative solutions for bone and tissue regeneration for dentistry has entered into a distribution agreement with Dentsply Sirona. Dentsply Sirona will promote the full OSSIX product line in U.S.
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