Rockville, Jan. 12, 2023 (GLOBE NEWSWIRE) -- The global osseointegration implants market is valued at US$ 2.52 billion in 2023 and is predicted to increase at a CAGR of 8% from 2023 to 2033, as per a new industry analysis by Fact.MR, a market research and competitive intelligence provider.
Demand for osseointegration implants is growing rapidly as a result of rising rates of injuries from car accidents. A startling event known as osseointegration occurs when bone directly touches the prosthetic surface without any collagen or fibroblastic matrix in between. The durability of an osseointegrated implant is significantly higher than that of a fibrous encapsulated implant, according to the findings of several studies.
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Key Takeaways from Market Study
- Global demand for osseointegration implants is expected to reach US$ 5.44 billion by the year 2033.
- Germany’s market for osseointegration implants is predicted to expand at a CAGR of 6% during the projected period (2023-2033).
- Sales of knee implants are expected to rise at a CAGR of 9% during the forecast period.
- Demand for hip implants is predicted to expand at a CAGR of 7% during the next 10 years.
Winning Strategy
To differentiate themselves as fierce competitors in the market, key businesses are using methods such as mergers and acquisitions, alliances, and expansion. Other strategies used by top businesses to boost their market presence include new product launches and a stronger emphasis on R&D.
- The benefits of additive manufacturing (AM) in the creation of spinal implants were demonstrated in March 2019 by the engineering firm Renishaw in partnership with cutting-edge technology companies Irish Manufacturing Research (IMR) and topology.
- In February 2019 the very first Osseo-Neuromuscular hand prosthesis, which is extremely perfect and sends sensation back to its user, was implanted in a person. The system is integrated with the patient's natural arm which is still present. It is the result of the DeTOP (Dexterous Transradial Osseointegrated Prosthesis with Neural Control and Sensory Feedback) project, a collaboration between the Chalmers University of Technology in Sweden, the Swedish company Integrum AB, and the Scuola Superiore SantAnna in Italy.
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Competitive Landscape
Key players in the osseointegration implants market currently offer advanced implantable devices, including 3D printed, patient-specific, and customized implants due to substantial research and improvements in the implants used to restore the knee, hip, shoulder, and ankle joints.
- Recently, Integrum SE unveiled the ground-breaking OPRA implant technology. According to the manufacturer, the medication was initially offered in London and sold by London International Patient Services (LIPS), a hospital network serving foreign patients seeking care in the United Kingdom.
- The new OverdenSURE overdenture attachment system for Zimmer Biomet dental implants was released in North America and Europe in February 2022, according to Zimmer Biomet Holdings, Inc, a medical device manufacturer. This new product line has a beautiful and functional zirconium nitride abutment coating, and a larger range of abutment sizes for greater restorative flexibility, and all of this is housed in a traditional and user-friendly system design.
Key Companies Profiled
- Bicon LLC
- Camlog
- ConMed Corporation
- Danaher Corporation
- Dentsply Sirona
- Institut Straumann AG
- Integrum SE
- Medtronic
- Osstem Implant
- Smith and Nephew Plc
- Straumann Group
- Stryker Corporation
- Zimmer Biomet Holdings, Inc.
An additional aspect that is anticipated to contribute to the target market's growth is the rising government spending on the healthcare sector in emerging nations to facilitate the provision of modern healthcare services. Furthermore, rising demand for minimally-invasive surgical procedures and the development of regulatory requirements for product approvals are some additional factors anticipated to boost sales growth globally throughout the forecast period.
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Segments of Osseointegration Implants Industry Research
- By Product :
- Knee Implants
- Hip Implants
- Spinal Implants
- Dental Implants
- By Material :
- Metallic
- Ceramic
- Zirconia
- Stainless Steel
- Titanium
- Polymeric
- Biomaterials
- By End User :
- Hospitals
- Ambulatory Surgical Centers
- Dental Clinics
- Orthopedic Clinics
- By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global osseointegration implants market, presenting historical demand data (2018-2022) and forecast statistics for the period of 2023-2033.
The study divulges essential insights on the market on the basis of product (knee implants, hip implants, spinal implants, dental implants), material (metallic, ceramic, zirconia, stainless steel, titanium, polymeric, biomaterials), and end user (hospitals, ambulatory surgical centers, dental clinics, orthopedic clinics), across five major regions of the world (North America, Europe, Asia Pacific, Latin America, and MEA).
Check out more related studies published by Fact.MR Research:
Sinus Implants Market - The global sinus implants market is estimated to reach USD 1,913.6 million by 2032, registering a CAGR of 8.1% during the forecast period.
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Orthopedic Implants Market - The global orthopedic implants market is expected to be valued at US$ 468 Mn by the end of 2022, and is likely to flourish at a CAGR of 6.7% across the 2022-2032 forecast period.
Eye Sphere Implants Market - The global eye sphere implants market is expected to grow at a CAGR of 6.9% from 2023 to 2032.
3D Printed Ophthalmic Implants Market - The global 3D printed ophthalmic implants market size is expected to reach USD 21.5 million by 2032, growing at a compound annual growth rate of 17.3% over the forecast period.
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