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Osseointegration Implants Market by Region, Production, Consumption, Revenue, Market Share and Growth Forecasts to 2023
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A trend of using titanium in such implants is being observed in the osteointegration implants market. Stainless steel, titanium and its alloys, zirconia, and nickel-chromium are used in these implants. Benefits such as long life, non-toxicity, corrosion resistance, and non-ferromagnetic property make titanium more suitable than other metals. This allows patients with these implants to safely undergo magnetic resonance imaging (MRI) and nuclear magnetic resonance imaging (NMRI) scanning. Germany-based Emerging Implant Technologies GmbH (EIT) received the U.S. Food and Drug Administration go-ahead in 2017 for its EIT Cellular Titanium structure-based spinal interbody products.
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Rise in new product launches in the osseointegration implants market is another trend. Companies are unveiling new and innovative products to increase their portfolio and geographical presence. For instance, the OKTAGON implant system developed by DRS International GmbH was launched by Henry Schein Inc. in September 2017 with exclusive distribution rights in the U.K. Similarly, OPRA Implant System Platform G was launched by Integrum AB in January 2017. It is used for transfemoral patients to simplify surgical procedures and improve the mechanical performance of the system.
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The largest contributor to the osseointegration implants market in 2017 in the region segment was North America. A United Nations publication, "An Aging World 2017", mentioned that the aged population (60 years and above) in the region is expected to grow to 28.0% of total by 2050 from 22.0% in 2017. Hence, it is clear that the North American market is being driven by the increasing aged population, along with the rising volume of amputations and surging prevalence of spinal disorders.
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