[2021] Implant & Prosthesis Fastener Market Be Valued at Us$ 12,538.8 Million in 2020 and Is Expected to Exhibit a Cagr of 4.9% During the Forecast Period (2020-2027)

Machined parts are the most widely used components in almost every industry. Nuts, bolts, screws, inserts, fasteners, couplings, pins shafts, are an integral part of the medical industry. They are used in all aspects of the field to deliver optimum performance. Fasteners of various types, specifications, and capacities are used depending on application requirements. Fasteners are used in a range of diagnostic products and medical devices, such as medical instruments, medical equipment, and medical implants. The dental implant is a surgical component that supports a dental prosthesis, such as a bridge, crown, facial prosthesis, denture, or acts as an orthodontic anchor. The dental implant acts as a replacement for the root of a missing tooth. It an option for people who have lost a tooth or teeth due to periodontal disease, an injury, or some other reason. According to the FDI World Dental Federation, oral disorders affect more than 3.9 million people worldwide.

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Acceptance level for dental implants is increasing due to limitations of removable prosthetics, such as lack of natural appearance, discomfort, and need for maintenance. Prosthetics play an important role in boosting the demand for these implants through oral rehabilitation, which helps restore a patient’s oral function and facial contours. Moreover, prosthetics placed on the dental implants do not intrude soft tissues and enhance aesthetics, which is expected to propel the market growth. Moreover, dental implants improve a person’s physical appearance and provide comfort and convenience.

A prosthesis is an artificial device that replaces a missing body part that might be lost through trauma, congenital factors, or various other diseases. Prostheses are designed to restore the normal functions of the missing body part. Prosthetics enhance the function and lifestyle of persons with limb loss through the usage of artificial limbs. Lower limb prostheses can address stability in cosmetic appearance, shock absorption, energy storage and return, walking and standing, and other functional needs, such as running, jumping, and other athletic activities, while upper limb prostheses can address grasping and reaching, as well as certain occupational challenges such as weightlifting, hammering, painting, and daily activities such as eating, writing, dressing, etc. According to the American Orthotic and Prosthetic Association (AOPA), more than 80,000 diabetes-related lower limb amputations are performed every year in the U.S.

The increasing number of accidents and amputation cases across the world is driving the market growth. Based on the application, the orthopedic segment acquired a prominent position in the implant and prosthesis fastener market in 2019 due to the increasing incidence of hip fractures. For instance, the National Hip Fracture Database Annual Report estimated that around 76,000 hip fractures occur every year in the U.K.

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