Market Overview:
The global ossicular prostheses market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of hearing loss, technological advancements in ossicular prostheses, and rising demand for minimally invasive surgeries. Based on type, the global ossicular prostheses market is segmented into partial ossicular prosthesis and total ossicular prosthesis. Partial Ossicular Prosthesis are further classified as percussive or non-percussive types while Total Ossicular Prosthesis are classified as homograft or heterograft types. Based on application, the global osscular prothetics market is segmented into hospitals, clinics, and others (including research institutes and academic institutions). Geographically, the global osseous protheses market is segmented into North America, Latin America Europe Asia Pacific Middle East & Africa).
Product Definition:
An ossicular prosthesis is a medical device that is used to replace one or more of the bones in the middle ear, known as the ossicles. The ossicles are responsible for transmitting sound from the outer ear to the inner ear, and an impairment of their function can lead to hearing loss. An ossicular prosthesis may be used to treat this condition by replacing a damaged bone or by filling in a gap where one is missing.
Partial Ossicular Prosthesis:
Partial ossicular prosthesis (POP) is a device used to restore the hearing ability in humans suffering from damaged ear ossicles. The partial ossicular prosthesis market is expected to witness lucrative growth over the forecast period owing to factors such as increasing geriatric population base, rising prevalence of noise-induced hearing loss and technological advancements pertaining to design and materials employed for manufacturing these devices.
Total Ossicular Prosthesis:
Ossicular prosthesis is a medical device used to restore the hearing ability in humans by replacing or restoring the ossicles ( bones of the middle ear). Ossicular prostheses are most commonly used for treating sensorineural deafness. The market is segmented on the basis of product type and application. On basis of type, total ossicular prosthesis (TOP) market is classified into semicircular canal-based TOP and roundabout-based TOP.
Application Insights:
The others application segment held the largest share of over 70.0% in 2017. The others application category includes surgical theaters where ossicular prosthesis is used as a last resort to restore hearing and balance after other treatments have failed or there is no alternative available for patients with life-threatening conditions.
In such cases, partial ossicular prosthesis can be used first to stabilize the ear until surgery can be performed later on to implant a total ossicular prosthesis, which offers better results and outcomes in terms of restored hearing and balance function compared to conventional hearing aids that are currently available in the market.
Hospitals accounted for a significant share within the overall industry owing to high volume implants procedures carried out at hospitals coupled with rising awareness about these devices among ENT surgeons at hospitals across various regions globally.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of a large number of patients suffering from osteoarthritis and increasing awareness about ossicular prosthetics. In addition, high healthcare expenditure and favorable reimbursement policies are also expected to drive growth during the forecast period.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to rising disposable income, improving healthcare infrastructure, growing medical tourism industry, and increasing awareness about advanced technologies such as ossicular prosthetics among individuals & population in general. Moreover, government initiatives for providing free treatment are also expected favorably impact regional demand during the forecast period. For instance; The Government of India has announced its intention for providing financial assistance under Jeevan-Arai scheme which will provide funds for establishing new facilities/units or upgrading existing infrastructure so that it can cater better services related to rehabilitation & reabilitation therapies including surgical procedures like ossicu lar implants (ossicular prosthesis).
Growth Factors:
- Increasing prevalence of hearing loss: The increasing prevalence of hearing loss is one of the major growth drivers for the Ossicular Prostheses market. According to a study by the World Health Organization (WHO), over 360 million people across the globe suffer from some form of hearing impairment, out of which nearly 32 million are deaf. This number is expected to increase significantly in the coming years due to various factors such as aging population and exposure to noise pollution. This will create significant demand for Ossicular Prostheses products, thereby driving market growth.
- Rising awareness about treatment options for hearing loss: There is a growing awareness among people about different treatment options available for treating various forms of hearing loss. This has led to an increase in demand for Ossicular Prostheses products, thereby driving market growth.
- Technological advancements in Ossicular Prostheses products: The technological advancements in Ossicular Prostheses products are another key factor that is driving market growth globally. These advancements have resulted in improved product performance and increased patient satisfaction levels, thus leading to an increase in demand for these devices globally .
Scope Of The Report
Report Attributes
Report Details
Report Title
Ossicular Prostheses Market Research Report
By Type
Partial Ossicular Prosthesis, Total Ossicular Prosthesis
By Application
Hospitals, Clinics, Others
By Companies
Medtronic, SPIGGLE＆THEIS, Grace Medical, Heinz KURZ, Olympus Corporation, Wuhan Huawei Bio-Materials & Engineering
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
128
Number of Tables & Figures
90
Customization Available
Yes, the report can be customized as per your need.
Global Ossicular Prostheses Market Report Segments:
The global Ossicular Prostheses market is segmented on the basis of:
Types
Partial Ossicular Prosthesis, Total Ossicular Prosthesis
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Clinics, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Medtronic
- SPIGGLE＆THEIS
- Grace Medical
- Heinz KURZ
- Olympus Corporation
- Wuhan Huawei Bio-Materials & Engineering
Highlights of The Ossicular Prostheses Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Partial Ossicular Prosthesis
- Total Ossicular Prosthesis
- By Application:
- Hospitals
- Clinics
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Ossicular Prostheses Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Ossicular prostheses are devices that replace missing or damaged ossicles in the ear. Ossicles are small bones in the middle ear that help to transmit sound waves to the inner ear. Ossicular prostheses can be made from a variety of materials, including metal, plastic, and silicone.
Some of the key players operating in the ossicular prostheses market are Medtronic, SPIGGLE¯Â¼â€ THEIS, Grace Medical, Heinz KURZ, Olympus Corporation, Wuhan Huawei Bio-Materials & Engineering.
The ossicular prostheses market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Ossicular Prostheses Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Ossicular Prostheses Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Ossicular Prostheses Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Ossicular Prostheses Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Ossicular Prostheses Market Size & Forecast, 2018-2028
4.5.1 Ossicular Prostheses Market Size and Y-o-Y Growth
4.5.2 Ossicular Prostheses Market Absolute $ Opportunity
Chapter 5 Global Ossicular Prostheses Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Ossicular Prostheses Market Size Forecast by Type
5.2.1 Partial Ossicular Prosthesis
5.2.2 Total Ossicular Prosthesis
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Ossicular Prostheses Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Ossicular Prostheses Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Clinics
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Ossicular Prostheses Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Ossicular Prostheses Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Ossicular Prostheses Analysis and Forecast
9.1 Introduction
9.2 North America Ossicular Prostheses Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Ossicular Prostheses Market Size Forecast by Type
9.6.1 Partial Ossicular Prosthesis
9.6.2 Total Ossicular Prosthesis
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Ossicular Prostheses Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Clinics
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Ossicular Prostheses Analysis and Forecast
10.1 Introduction
10.2 Europe Ossicular Prostheses Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Ossicular Prostheses Market Size Forecast by Type
10.6.1 Partial Ossicular Prosthesis
10.6.2 Total Ossicular Prosthesis
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Ossicular Prostheses Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Clinics
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Ossicular Prostheses Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Ossicular Prostheses Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Ossicular Prostheses Market Size Forecast by Type
11.6.1 Partial Ossicular Prosthesis
11.6.2 Total Ossicular Prosthesis
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Ossicular Prostheses Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Clinics
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Ossicular Prostheses Analysis and Forecast
12.1 Introduction
12.2 Latin America Ossicular Prostheses Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Ossicular Prostheses Market Size Forecast by Type
12.6.1 Partial Ossicular Prosthesis
12.6.2 Total Ossicular Prosthesis
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Ossicular Prostheses Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Clinics
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Ossicular Prostheses Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Ossicular Prostheses Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Ossicular Prostheses Market Size Forecast by Type
13.6.1 Partial Ossicular Prosthesis
13.6.2 Total Ossicular Prosthesis
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Ossicular Prostheses Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Clinics
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Ossicular Prostheses Market: Competitive Dashboard
14.2 Global Ossicular Prostheses Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Medtronic
14.3.2 SPIGGLE＆THEIS
14.3.3 Grace Medical
14.3.4 Heinz KURZ
14.3.5 Olympus Corporation
14.3.6 Wuhan Huawei Bio-Materials & Engineering
