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Asia-Pacific Osseointegration Implants Market Set for Rapid Expansion in Future

10-22-2021 10:16 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: P&S Intelligence

Asia-Pacific Osseointegration Implants Market Set for Rapid

The growing prevalence of spinal cord injuries (SCIs), increasing number of dental implant surgeries, and surging cases of trauma are expected to drive the osseointegration implants market at a CAGR of 4.0% during the forecast period (2018–2023). The market revenue stood at $9.9 billion in 2017 and it is projected to reach $12.5 billion by 2023. Moreover, the soaring cases of hearing loss in the geriatric population and rising investments being made in osseointegration research will also facilitate the market growth in the foreseeable future.

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One of the key growth drivers of the osseointegration implants market is the growing incidence of SCIs. For instance, according to the National Spinal Cord Injury Statistical Center (NSCISS), the United States records around 17,900 new SCI cases each year. In 2020, approximately 296,000 people were suffering from SCI in the country. Most of these injuries are caused by road accidents. Owing to this reason, governments and other private organizations in several countries are providing reimbursement support for surgeries.

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The material type segment of the osseointegration implants market is categorized into polymeric biomaterials, metallic biomaterials, ceramic biomaterials, and others. In 2017, the metallic biomaterials category generated the highest revenue, due to the biochemical properties of such materials. As compared to other implants, metallic implants offer better finishing and are easier to sterilize and process. Whereas, the ceramic biomaterials category is expected to witness the fastest growth throughout the forecast years, due to the biocompatibility, aesthetic appearance, and tribological properties of such materials.

Thus, the surging cases of SCIs and rising shift toward titanium implants will augment the demand for osseointegration implants in the foreseeable future.

About P&S Intelligence
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

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