Market Research Report
Implant & Prosthesis Fastener Market, By Type, By Application, By End User, and By Region - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027
|Published by||Coherent Market Insights||Product code||968741|
|Published||Content info||198 Pages
Delivery time: 2-3 business days
|Implant & Prosthesis Fastener Market, By Type, By Application, By End User, and By Region - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027|
|Published: September 24, 2020||Content info: 198 Pages||
Implant & Prosthesis Fastener Market, By Type (Stainless Steel, Titanium, Bioabsorbable, and Others), By Application (Dental, Spinal, Orthopedic, and Facial), By End User (Hospitals, Clinics, and Ambulatory Surgical Centers), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027.
Devices or tissues which are placed inside or on the surface of the body are called medical implants. Implants which are intended to replace missing body parts such as legs or arms are called prosthetics. Implants are made from plastic, ceramic, metal or other materials. The placing of implants can be permanent or they can be removed once they are no longer needed. For example, chemotherapy ports or screws to repair broken bones can be removed when they are not needed but tents, hip implants which are intended to be permanent.
The implants and abutment need to be joined through a threaded screw known as a fastener. The fasteners are used to fixate an implant into the bone and load the bone after hard tissue healing.
The global implant & prosthesis fastener market is estimated to 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) .
The increasing incidence of fractures due to high prevalence of osteoporosis (a contributing factor for fragility fractures) is expected to drive demand for prosthesis and implants. This is expected to drive growth of the global implant & prosthesis fastener market during the forecast period. The following table provides key statistics of osteoporosis and fragility fracture for six European countries provided by the International Osteoporosis Foundation (IOF) in October 2018.
Market players are focused on adoption of inorganic growth strategies such as collaborations and agreements to expand their geographical footprint in the global implant & prosthesis fastener market which is expected to boost the market growth during the forecast period. For instance, in February 2017, CAMLOG Biotechnologies AG, a provider of dental implants and products for restorative dentistry, entered a distribution agreement with BioHorizons, Inc. Through this agreement CAMLOG will strengthen its market presence in Germany by distributing BioHorizons' branded implant-based treatment solutions in Germany.
The coronavirus disease outbreak was first reported on December 31, 2019, in Wuhan, China. The World Health Organization declared coronavirus disease (COVID-19) a pandemic on March 11, 2020.
According to the Coronavirus Disease (COVID-19) Weekly Epidemiological Update by the World Health Organization, around 28.6 million cases and 917,417 deaths due to coronavirus disease (COVID-19) were reported as of September 13, 2020 across the globe.
COVID-19 can affect the economy in three main ways; by directly affecting production and demand, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to nationwide lockdowns, several countries such as China, India, Saudi Arabia, UAE, and Egypt are facing problems with transportation of products and raw materials from one place to another, which is expected to limit the market growth during the forecast period.
Complications associated with implants such as infections, surgical risks during placement or removal of implant, or implant failure is expected to hinder the growth of global implant & prosthesis fastener market during the forecast period.
Major players operating in the global implant & prosthesis fastener market are Johnson & Johnson, Osstem Implant, Stryker Corporation, Zimmer Biomet, Nobel Biocare, Straumann, Dentsply Sirona, Smith & Nephew plc, Acumed, LLC, OsteoMed, B. Braun, and Dentium CO., LTD.