Osseointegration Implants Market Analysis, Sector / Industry Report & Analysis 2020, & Forecast 2021-2026 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Global Osseointegration Implants Market


The global Osseointegration Implants market size is projected to reach US$ 9.55 billion by 2026, from US$ 6.12 billion in 2020, at a CAGR of 7.7% during 2021-2026. Surge in geriatric population, alarming rise in road traffic accidents, and growing adoption of minimally invasive surgeries are among factors anticipated to drive the global market.

In developed economies, such as France, Germany, U.S., and Australia, the market is comparatively mature owing to strong presence of leading market players in these countries and high demand for such products. Contrary to this, the market in emerging countries in Asia and Latin America present strong growth opportunities as the adoption rate of these products is relatively moderate.

These markets are primarily fueled by rapid economic growth and increasing disposable income. A rising number of manufacturing companies have been investing in these rapidly developing markets and effective pricing and distribution strategies are being undertaken to capitalize on the opportunities present in these regions.
The market in emerging economies is also propelled by growing consumer awareness, rising medical tourism, and supportive government initiatives for the underserved population. In addition, there has been a surge in smoking and drinking habits, which has greatly contributed to disease prevalence. This will indirectly have a positive impact on product sales.

Market Segmentation, Outlook & Viewpoint: Global Osseointegration Implants Market

Product Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2026)

  
Dental Implants
  
Knee Implants
  
Hip Implants
  
Spinal Implants

End-use Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2026)

  
Hospital
  
Ambulatory Surgical Centers
  
Dental Clinics

Key Players, Recent Developments & Regional Insights: Global Osseointegration Implants Market

On the basis of product, the market is segmented into dental, knee, hip, and spinal implants. The knee implants segment held the dominant market share in terms of revenue in 2017. Growth in knee implants can be attributed to increasing prevalence of osteoarthritis and rheumatoid arthritis among geriatric population and rising cases of joint replacement surgeries. As per data published by the American Joint Replacement Registry in 2016, approximately 85.0% of osteoarthritis cases undergo knee replacement surgeries each year in North America alone.

The spinal implants segment is anticipated to gain significant traction over the forecast period and held over 20.0% of the total market in 2017. Rising incidence of obesity and degenerative spinal conditions are responsible for the growth of this segment. In 2015, around 288,500 people were living with spinal cord injuries in U.S. alone. As per statistics published by the World Health Organization (WHO), in 2016 more than 1.9 billion adults were overweight and around 650 million people were obese. This can be attributed to sedentary lifestyle and unhealthy food habits.

End-use Insights

Osseointegration implants are used in hospitals, ambulatory surgical centers (ASC), and dental clinics. The hospital segment accounted for the largest share in 2017, holding just over 55.0% of the global market that year. This dominant share is attributed to increase in hospitalization rate and growing awareness among individuals about joint replacement surgeries.

Dental clinics are expected to gain a significant share in the osseointegration implants market over the forecast period, owing to increase in demand of dental implants for tooth replacement surgeries and strong growth in cosmetic dentistry. Other factors contributing toward segment growth include rising R&D expenses in dentistry and increasing usage of dental 3D printing by key players.

Regional Insights

The global market was dominated by North America in 2017, which accounted for over half the overall revenue that year. This trend is anticipated to continue over the forecast period, with the region retaining its lead through 2025. Growth can be attributed to developed healthcare infrastructure, greater expenditure on healthcare, and higher awareness about minimally invasive surgeries.

The Asia Pacific market is anticipated to witness the highest CAGR of over 8.0% over the forecast period. This growth can be attributed to presence of a massive patient pool, coupled with high proportion of elderly population seeking treatment options through private hospitals or government sponsored schemes. Moreover, favorable government policies to transform healthcare practices in respective countries, particularly in rural belts, is anticipated to boost the Asia Pacific market.

Osseointegration Implants Market Share Insights

Some of the key companies operating in this industry are Medtronic, Stryker Corporation, Zimmer Biomet Holdings, Smith and Nephew Plc., Straumann AG Group, Integrum SE, and ConMed Corporation. Various strategies such as mergers, acquisitions, collaborations, and new product launch are being adopted by these market players to maintain their position in the industry and gain a stronger foothold.

In April 2018, Integrum SE introduced a revolutionary OPRA implant system. The company has stated that the product will initially only be available in London and would be distributed through London International Patient Services (LIPS), a healthcare treatment organization for international patients seeking treatment based in U.K.

Key Insights Covered: Global Osseointegration Implants Market

1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Osseointegration Implants industry.
2. Global major manufacturers operating situation (sales, revenue, growth rate and gross margin) of Osseointegration Implants industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Osseointegration Implants industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Osseointegration Implants industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Osseointegration Implants industry.

Research Methodology: Global Osseointegration Implants Market

  
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other