Market Overview:
The global ossicular replacement prostheses (ORP) market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing incidence of hearing loss, technological advancements in ORP devices, and rising demand for minimally invasive surgeries. The global ORP market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into partial ossicular replacement prostheses (PORP) and total ossicular replacement prosthesis (TORP). PORPs are used for replacing only one or two bones in the middle ear, while TORPs are used for replacing all three bones in the middle ear. On the basis of application, hospitals accounted for majority share of revenue generated by ORP devices in 2017 owing to high prevalence rate of hearing loss among patients admitted in hospitals as compared to clinics or ambulatory surgical centers.
Product Definition:
Ossicular replacement prostheses (ORP) are medical devices used to replace one or more of the ossicles in the middle ear. The ossicles are small bones that conduct sound from the eardrum to the inner ear. ORP may be used to treat conditions such as otosclerosis, cholesteatoma, or chronic infection. They are also sometimes used after surgery to repair damage to the middle ear caused by trauma or disease.
Partial Ossicular Replacement Prostheses(PORP):
Partial ossicular replacement prostheses (PORP) is a type of dental implant that replaces missing or damaged bones in the ear. The partial ossicular replacement prosthesis market is expected to grow at a lucrative rate during the forecast period owing to factors such as increasing prevalence of hearing loss, technological advancements and rising awareness about these devices among patients across the globe.
Total Ossicular Replacement Prosthesis (TORP):
The Total Ossicular Replacement Prosthesis (TORP) is a medical device used to replace the ear canal ossicles, which are damaged or removed during surgery. The primary function of this prosthesis is to allow the patient to hear again by providing an opening for sound vibrations to reach the brain. It also helps in eliminating chronic otitis media and improves hearing sensitivity.
Application Insights:
Based on application, the global market is segmented into hospitals, clinics and ambulatory surgical centers, others. Hospitals held the largest share of over 70.0% in 2017 owing to factors such as a high prevalence of neurological disorders that require ossicular replacement procedures along with an increase in government funding for hospital-based research.
The others segment includes ossicular replacement prosthesis clinics and Ambulatory Surgical Centers (ASCs). These facilities provide advanced healthcare services at the patient¢â‚¬â„¢s convenience which include preoperative planning & surgery management without any overnight stay in hospital or medical facility. The availability of advanced equipment including digital imaging systems and operating theaters enables efficient postoperative care by reducing down time for recovery from surgeries compared to conventional outpatient surgical procedures.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The growth can be attributed to the increasing number of trauma cases, sports injuries, and road accidents that result in ossicular damage. In addition, rising prevalence of conditions such as Meniere’s disease and noise-induced hearing loss is expected to fuel demand for ORP products over the forecast period.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to factors such as growing population coupled with an increase in incidence of road accidents which results into increased demand for ORP devices used for reconstruction purpose.
Growth Factors:
- Increasing incidence of hearing loss: The increasing incidence of hearing loss is the major growth driver for Ossicular Replacement Prostheses market. According to the World Health Organization (WHO), nearly 360 million people across the globe suffer from some form of hearing impairment and this number is expected to reach 548 million by 2030. This growing population base is anticipated to boost demand for Ossicular Replacement Prostheses in the coming years.
- Rising awareness about ORP: There is a growing awareness among people about Ossicular Replacement Prostheses and its benefits over traditional treatments such as surgery and medication. This has led to an increase in demand for ORP devices, thereby propelling market growth.
- Technological advancements: The advent of advanced technologies has led to the development of innovative ORP devices that are more effective and offer better patient outcomes than traditional prostheses devices available in the market today .This is likely to spur market growth in the coming years .
Scope Of The Report
Report Attributes
Report Details
Report Title
Ossicular Replacement Prostheses(ORP） Market Research Report
By Type
Partial Ossicular Replacement Prostheses(PORP), Total Ossicular Replacement Prosthesis (TORP)
By Application
Hospitals, Clinics, Ambulatory Surgical Centers, Others
By Companies
Medtronic, Olympus Corporation, William Demant, Sonova, Sivantos, Heinz KURZ, SPIGGLE＆THEIS, Grace Medical
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
126
Number of Tables & Figures
89
Customization Available
Yes, the report can be customized as per your need.
Global Ossicular Replacement Prostheses(ORP） Market Report Segments:
The global Ossicular Replacement Prostheses(ORP） market is segmented on the basis of:
Types
Partial Ossicular Replacement Prostheses(PORP), Total Ossicular Replacement Prosthesis (TORP)
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, Ambulatory Surgical Centers, 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
- Olympus Corporation
- William Demant
- Sonova
- Sivantos
- Heinz KURZ
- SPIGGLE＆THEIS
- Grace Medical
Highlights of The Ossicular Replacement Prostheses(ORP） 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 Replacement Prostheses(PORP)
- Total Ossicular Replacement Prosthesis (TORP)
- By Application:
- Hospitals
- Clinics
- Ambulatory Surgical Centers
- 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 Replacement Prostheses(ORP） 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 replacement prostheses are a type of artificial ear. They are used to replace the hearing in an individual who has lost their natural ears.
Some of the major companies in the ossicular replacement prostheses(orp） market are Medtronic, Olympus Corporation, William Demant, Sonova, Sivantos, Heinz KURZ, SPIGGLE＆THEIS, Grace Medical.
The ossicular replacement prostheses(orp¯¼€° 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 Replacement Prostheses(ORP） 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 Replacement Prostheses(ORP） Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Ossicular Replacement Prostheses(ORP） 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 Replacement Prostheses(ORP） 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 Replacement Prostheses(ORP） Market Size & Forecast, 2018-2028
4.5.1 Ossicular Replacement Prostheses(ORP） Market Size and Y-o-Y Growth
4.5.2 Ossicular Replacement Prostheses(ORP） Market Absolute $ Opportunity
Chapter 5 Global Ossicular Replacement Prostheses(ORP） 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 Replacement Prostheses(ORP） Market Size Forecast by Type
5.2.1 Partial Ossicular Replacement Prostheses(PORP)
5.2.2 Total Ossicular Replacement Prosthesis (TORP)
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Ossicular Replacement Prostheses(ORP） 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 Replacement Prostheses(ORP） Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Clinics
6.2.3 Ambulatory Surgical Centers
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Ossicular Replacement Prostheses(ORP） 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 Replacement Prostheses(ORP） 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 Replacement Prostheses(ORP） Analysis and Forecast
9.1 Introduction
9.2 North America Ossicular Replacement Prostheses(ORP） 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 Replacement Prostheses(ORP） Market Size Forecast by Type
9.6.1 Partial Ossicular Replacement Prostheses(PORP)
9.6.2 Total Ossicular Replacement Prosthesis (TORP)
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 Replacement Prostheses(ORP） Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Clinics
9.10.3 Ambulatory Surgical Centers
9.10.4 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 Replacement Prostheses(ORP） Analysis and Forecast
10.1 Introduction
10.2 Europe Ossicular Replacement Prostheses(ORP） 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 Replacement Prostheses(ORP） Market Size Forecast by Type
10.6.1 Partial Ossicular Replacement Prostheses(PORP)
10.6.2 Total Ossicular Replacement Prosthesis (TORP)
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 Replacement Prostheses(ORP） Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Clinics
10.10.3 Ambulatory Surgical Centers
10.10.4 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 Replacement Prostheses(ORP） Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Ossicular Replacement Prostheses(ORP） 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 Replacement Prostheses(ORP） Market Size Forecast by Type
11.6.1 Partial Ossicular Replacement Prostheses(PORP)
11.6.2 Total Ossicular Replacement Prosthesis (TORP)
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 Replacement Prostheses(ORP） Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Clinics
11.10.3 Ambulatory Surgical Centers
11.10.4 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 Replacement Prostheses(ORP） Analysis and Forecast
12.1 Introduction
12.2 Latin America Ossicular Replacement Prostheses(ORP） 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 Replacement Prostheses(ORP） Market Size Forecast by Type
12.6.1 Partial Ossicular Replacement Prostheses(PORP)
12.6.2 Total Ossicular Replacement Prosthesis (TORP)
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 Replacement Prostheses(ORP） Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Clinics
12.10.3 Ambulatory Surgical Centers
12.10.4 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 Replacement Prostheses(ORP） Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Ossicular Replacement Prostheses(ORP） 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 Replacement Prostheses(ORP） Market Size Forecast by Type
13.6.1 Partial Ossicular Replacement Prostheses(PORP)
13.6.2 Total Ossicular Replacement Prosthesis (TORP)
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 Replacement Prostheses(ORP） Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Clinics
13.10.3 Ambulatory Surgical Centers
13.10.4 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 Replacement Prostheses(ORP） Market: Competitive Dashboard
14.2 Global Ossicular Replacement Prostheses(ORP） Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Medtronic
14.3.2 Olympus Corporation
14.3.3 William Demant
14.3.4 Sonova
14.3.5 Sivantos
14.3.6 Heinz KURZ
14.3.7 SPIGGLE＆THEIS
14.3.8 Grace Medical
