Global Osseointegration Implants Market: Restraint
The major factors that hinder growth of the global osseointegration implants market include high-cost associated with the implants or surgery and risk and complications associated with osseointegration surgery. Although, demand for osseointegration implants is increasing worldwide, high-cost associated with the implants or surgery with inadequate reimbursement coverage has restrained growth of the osseointegration implants market. In Australia, the surgical procedure to insert the implant is not covered by the Medicare system and is paid through self-funding or by an individual’s Private Health Insurance as per the Australian Orthotic Prosthetic Association. Moreover, risk and complications associated with osseointegration surgery is one of the major factor hampering growth of the market. Some of major risk and complications associated with osseointegration implants includes irritation of the soft tissues in the skin-penetration area and post-surgical infections. The failure of the treatment might result in re-amputation at a higher level or reverting to a conventional prosthesis.
Global Osseointegration Implants Market: Restraints & Challenges:
Growing number of joint replacement surgeries among geriatric population is expected to drive the osseointegration implants market growth
Increasing patient population undergoing joint replacement surgeries has boosted growth of the global osseointegration implants market. For instance, in June 2019, according to the data published by the National Center for Biotechnology Information, approximately 40 percent of the global population over age 55 experiences chronic knee pain, of those, 50.8 million suffer from disabling pain, and about 2.6 million turn to knee replacement surgery each year. Approximately 0.8 percent of Americans are living with a hip replacement, and 1.5 percent with a knee replacement. More women are living with prosthetic hips and knees than men. The survey included 18 countries with a total population of 755 million, and an estimated 1,324,000 annual primary and revision total knee procedures. 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 the U.K. Moreover, in the U.S, around 17,500 new Spinal Cord Injury (SCI) cases were 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 is expected to drive the global osseointegration implants market over the forecast period
Increasing demand for cosmetic dentistry, owing to rising prevalence of dental decays is supporting growth of the global osseointegration implants market. For instance, in March 2022, according to the World Health Organization, it is estimated that oral diseases affect nearly 3.5 million people globally. According to the WHO, 60–90% of children are affected by dental caries. Untreated dental caries (tooth decay) in permanent teeth is the most common health condition according to the Global Burden of Disease 2019. According to the U.S. Department of Health and Human Services, in 2018, 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.
Osseointegration Implants Market Report Snapshots
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