Changes in Osseointegration Implants Market Revenue and Growth Rate During COVID-19 Crisis

Impact of COVID-19 on Osseointegration Implants Market Growth

Osseointegration implants are used in the direct physical and structural connective link between the living tissue and the supporting structure of an implanted load-bearing device. Osseointegration implants are devices, which help in building pressure between two rigid objects, it also helps in the mechanical process by which the material is shaped into its required shape and size and kept that way as it stays in that shape. The human body is a complex system comprised of many bones, teeth, muscles, cartilage, ligaments, nerves, blood vessels, and organs. All of these structures are connected and depend on each other for proper function. As a result, wear and tear on any single structure can cause damage to all or some of the other structures and systems. The concept of osseointegration was developed to help resolve this problem and has now become a part of most quality surgical practices.

Owing to increasing numbers of joint replacement surgeries, mainly among the geriatric population is augmenting the growth of the global osseointegration implants market. For instance, according to OrthoSpineNews, around 40% of the world population, especially those, who are over 55 years, suffer from chronic knee pain. Among these around50.8 million suffer from immense pain and around 2.6 million opts for knee replacement surgeries every year. Moreover, the key market players are focusing on developing better solutions and are opting for mergers and acquisitions to provide accurate care to patients, which is creating propulsion in the global osseointegration implants market.

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Osseointegration involves the mechanical opening of the soft tissue pocket through which pressure is exerted. A needle is first used to inject a highly adhesive material into the pocket which is then gradually withdrawn as the implant shrinks towards the bone. The process is gradual because the shrinking takes place in a coordinated fashion within the bone allowing a gradual, non-permanent change in the entire structure. This results in the creation of a new bone structure, which is almost always in a perfect, straight position. However, the high cost of implant surgeries and inadequate reimbursement coverage are the main factors, which are posing a threat to the growth of the global osseointegration implants market.

Owing to the increasing numbers of joint replacement surgeries in the region, North America is witnessing high demand in the global osseointegration implants market. For instance, according to Memphis Orthopaedic Doctors & Surgeons (Campbell Clinic), in the U.S. around 700,000 knee replacement and 400,000 hip replacement surgeries happen every year. Moreover, the government is focused on providing patients with full medical coverage insurances, which is driving the growth of the market. Owing to all these factors, there has been significant development in the global osseointegration implants market. For instance, in 2018 May, Dentsply Sirona and Datum Dental, Ltd, entered into a distribution agreement.

Major Players Are: Corporation Medtronic, Stryker Corporation, Zimmer Biomet Holdings, Smith and Nephew Plc., Straumann AG Group, Integrum SE, Southern Implants and ConMed.

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