Global Osseointegration Implants Market is Estimated to Witness High Growth Owing to Increasing Number of Joint Replacements and Growing Geriatric Population
The global osseointegration implants market is estimated to be valued at USD 8.67 Bn in 2024 and exhibit a CAGR of 8.1% over the forecast period 2024-2031. Furthermore, rising number of joint replacement surgeries and growing aging population are major market trends fueling the growth of global osseointegration implants market.
Market Dynamics:
The growing geriatric population remains one of the key drivers leading to the increasing demand for joint replacement procedures worldwide. Aging increases the chances of osteoarthritis and other joint disorders thereby necessitating joint replacement surgeries. Moreover, increasing obesity rates have emerged as another major driver. Obese and overweight individuals are more prone to osteoarthritis due to excess pressure on weight bearing joints like knees and hips. For instance, on March 1, 2024, as per the data from the WHO, In 2022, 1 in 8 people in the world were living with obesity. In 2022, 2.5 billion adults (18 years and older) were overweight. Of these, 890 million were living with obesity. This has significantly boosted the demand for bariatric implants and other Osseo integrated implants.
Rising Prevalence of Orthopedic Disorders is driving the Global Osseointegration Implants Market Growth
One of the key drivers for the growth of the global osseointegration implants market is the rising prevalence of orthopedic disorders globally. Conditions such as osteoarthritis, osteoporosis, joint replacements and bone fractures are becoming more common. Osseointegration implants offer a minimally invasive treatment option for orthopedic disorders by replacing dysfunctional joints. Their ability to restore mobility and function is boosting their demand across the world.
Increasing Number of Dental Implant Procedures is Propelling Market Growth
Another major market driver is the increasing number of dental implant procedures being performed globally each year. Dental implants are a popular treatment option for replacing missing or damaged teeth. Factors such as the rising focus on dental aesthetics, growing elderly population and increased acceptance of implant procedures are fueling their demand. Therefore, the growth in dental implant procedures is positively impacting the overall osseointegration implants market.
Lack of Reimbursement in Developing Nations Acts as a Restraint
One of the key challenges faced by the osseointegration implants market is the lack of reimbursement policies for implant procedures in many developing countries. Since these surgeries involve high costs, most individuals cannot afford to pay from their pockets. The absence of comprehensive medical insurance and inadequate government funding restricts access to treatment in countries like India, Brazil, China and others. This disproportionately impacts the adoption rates and long-term viability of implants, especially for orthopedic applications. The lack of reimbursement remains a major market restraint, especially in price-sensitive emerging economies.
Risk of Post-Surgical Infections Hinders Adoption Rates
Another issue restricting the widespread use of osseointegration implants is the risk of post-surgical infections. Despite advancements, there remains a small possibility of bacteria or other microbes entering the surgical site during or after implantation. This can delay healing time and in rare cases even lead to implant failure. The costly revision surgeries associated with infection treatment discourage some patients and surgeons. Strict sterilization protocols and preventive antibiotic therapy have reduced occurrence rates but have not entirely eliminated the risk. The threat of infections acts as a restraint on the osseointegration implants industry globally.
Rising Medical Tourism in Asia Creates Significant Opportunities
The burgeoning medical tourism industry in Asian countries like India, Thailand, Singapore and South Korea has opened up huge opportunities for manufacturers and suppliers of osseointegration implants. International patients are increasingly traveling to these destinations for affordable yet high-quality treatments. Orthopedic and dental implant procedures are popularly sought after. This growing demand from medical tourists supports the Asia Pacific region in becoming a major player in the global implants industry.
Advancements in 3D Printing and Digital Dentistry Spur New Growth Prospects
Rapid technological advancements are opening up new gates of opportunity for players in the osseointegration implants space. Areas such as 3D printing, computer-aided design/computer-aided manufacturing (CAD/CAM) and digital dentistry are disrupting traditional implant workflows. These digital technologies enable mass-customization of prosthetics based on patient anatomy. They also facilitate faster treatment times, reduced costs and improved outcomes. The scope for enhanced pre-surgical planning is immense. Therefore, continued R&D in these cutting-edge fields will drive innovative product launches and further market expansion in the years to come.
Link: https://www.coherentmarketinsights.com/market-insight/osseointegration-implants-market-2384
Key Developments
- On February 7, 2024, ZimVie Inc., a global life sciences leader in the dental and spine industry, announced the launch of the TSX Implant in Japan. TSX Implants are designed for immediate extraction and standard loading protocols as well as placement predictability and primary stability in soft and dense bone.
- In October 2023, Amber Implants, a medical technology company, announced that they had initiated a clinical trial for VCFix Spinal System implant for patients suffering from vertebral compression fractures. The implant is provided with a user-friendly, single-use sterile surgical kit, ensuring perfect traceability and reducing the risk of infection
- In July 2023, Parkview Regional Medical Center, nonprofit short-term acute care facility and Orthopaedics NorthEast (ONE), a leading orthopedic practice in Indiana, U.S., launched an osseointegration program in collaboration with Integrum, the manufacturer of the OPRA Implant System. This program aims to provide innovative solutions for patients requiring limb prosthetics, enhancing their mobility and quality of life through advanced surgical techniques.
Key Players
3M, Zimmer Biomet, Dentsply Sirona, Medtronic, Stryker, Institut Straumann AG, Smith+Nephew, OSSTEM IMPLANT CO., LTD., CAMLOG Biotechnologies GmbH, KeystoneDentalGroup, Ivoclar Vivadent, CONMED Corporation, and BEGO GmbH & Co. KG
