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Osseointegration Implants Major Manufactures Production and Sales, Consumption, and Application
Osseointegration implants market is forecasted to reach a value of $12.5 billion by 2023, showcasing a CAGR of 4.0% during 2018-2023.
By: P&S Intelligence
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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.
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.
Therefore, the market for osseointegration implants is slated to advance in the forecast period, as the incidence of SCIs and the number of amputations are witnessing an increase.
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