Titanium Offers Lucrative Opportunities in Global Market

Over the past couple of decades, the adoption of ossicular graft materials, particularly in ossicular chain reconstruction, has played an imperative role in improving the hearing outcome post a tympanomastoid and tympanoplasty surgery. At present, although healthcare providers operating involved in the partial ossicular replacement prostheses market have an array of tools at their disposal, selecting the most appropriate treatment continues to raise several questions. Technological advancements continue to play an important role in the expansion of the partial ossicular replacement prostheses market. Moreover, research and development activities continue to investigate the effectiveness of partial ossicular replacement prostheses using different materials including titanium and hydroxyapatite, among others.

Although titanium is expected to remain a popular material of choice, several studies reveal that both, titanium as well as hydroxyapatite have exhibited tremendous promise to enhance speech reception threshold and air-borne gap closure in partial ossicular replacement prostheses. Traditionally, partial ossicular replacement prostheses primarily revolved around the deployment of alloplastic and autogenous materials. However, due to advancements in technology and material science, calcium phosphate ceramic and hydroxyapatite for tympanoplasty surgery gained popularity. Various materials continue to adapt to different applications and prostheses designs. An increase in the prevalence of hearing loss, a notable surge in the geriatric population worldwide, and soaring demand for efficient treatment are some of the major factors that are expected to augment the partial ossicular replacement prostheses market during the forecast period. The global partial ossicular replacement prostheses market is expected to reach ~US$ 924 Mn mark by the end of 2027.

partial ossicular replacement prosthesis market infographic

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Titanium to Remain Popular Material; Adoption of Hydroxyapatite on Rise

Due to the significant research, new materials with improved properties gained popularity. Bioactive materials such as hydroxyapatite offered exceptional promise, while integrated with tissues and bone. As per the analysts at Transparency Market Research, an array of materials have been investigated for different applications within the partial ossicular replacement prostheses market– a trend that is likely to continue during the forecast period. Hydroxyapatite has emerged as an excellent choice of material, owing to its desirable rigidity and sound transfer function. However, despite gaining significant popularity, titanium is expected to remain the most popular material of choice within the partial ossicular replacement prostheses market due to its excellent biocompatibility. Since titanium was first deployed for partial ossicular prostheses in early 1990s, its adoption has continued to grow at a rapid pace. In addition, the adoption of titanium is expected to remain higher than that of hydroxyapatite, as it offers improved hearing responses at high frequencies due to its low mass.

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Although titanium and hydroxyapatite have gained worldwide acceptance in the partial ossicular replacement prostheses market, medical experts are continually exploring other alternative techniques and materials that can be deployed for optimum partial ossicular replacement prostheses. At present, alloplastic and autogenous prostheses are increasingly being used within the partial ossicular replacement prostheses market due to favorable results they offer.

Companies Invest in Research & Development, Expand Product Portfolio, and Use New Materials

Companies operating in the current partial ossicular replacement prostheses market are increasingly allocating funds for research and development activities in their bid to improve the quality of their products using different materials. The material portfolio is expected to be an integral part of the growth strategy for companies operating in the current market for partial ossicular replacement prostheses. Furthermore, market participants are also expected to focus on attaining approval from regulatory authorities for new materials and sales strategies to improve market share. Companies are also anticipated to study reimbursement policies in different regions of the world prior to expanding their operations.

Companies are also expected to expand their global footprint by forging strategic alliances with small to medium-sized companies. For instance, in August 2018, William Demand Holding announced that the company would enter into a partnership with Phillips– a move that would bring forward Phillip’s products to the hearing healthcare sphere. The expansion of material portfolio is likely to continue during the forecast period, as more number of companies are deploying new materials to improve the efficacy of partial ossicular replacement prostheses.

partial ossicular replacement prosthesis market segmentation

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Analysts’ Viewpoint

The global partial ossicular replacement prostheses market is expected to grow at a CAGR of ~6% during the forecast period. The market growth can be primarily attributed to a host of factors of which, increasing focus on research & development and innovations using new materials, including titanium, are likely to have a huge impact. Companies operating in the current market landscape should focus on research, expansion of their product portfolio, and eye opportunities in developing regions of Asia Pacific to improve their overall position in the market. Technological advancements will play an important role in the development of partial ossicular replacement prostheses market during the forecast period.  

Partial Ossicular Replacement Prostheses Market: Overview

  • This report analyzes the current scenario and future prospects of the global partial ossicular replacement prostheses market. Developing as well as developed countries across the world are experiencing rise in prevalence of hearing loss. Dwindling birth rates have led to a rise in the population of older people. For instance, in Japan, people aged 65 years and above currently constitute 23% to 25% of the population. The percentage is expected to reach 38% by 2050.
  • As people age, they become more prone to chronic conditions. Arthritis, hypertension, and hearing impairment are the top three age-related chronic conditions. Scientists also suggest that some of the age-related changes in auditory cortex and auditory brainstem pathways can lead to central processing difficulties.
  • According to WHO’s 2016 research findings, globally, hearing loss affects nearly one-third of adults aged between 60 and 70 and over 80% of those older than 85. Moreover, the geriatric patient pool in developing regions such as Latin America, Asia, and Africa is likely to increase rapidly. Population of developed countries such as the U.S., Germany, and Japan is aging rapidly. According to the U.S. Census Board, people older than 65 represented around 15% of the total population of the U.S. in 2010, and the number is expected to increase to about 25% by 2030.
  • The report provides an elaborate executive summary, which includes a snapshot of various segments of the global partial ossicular replacement prostheses market. It also provides information and data analysis of the global partial ossicular replacement prostheses market with regards to segments based on material, age group, end user, and region.
  • The overview section of the partial ossicular replacement prostheses market report provides a detailed qualitative analysis of drivers, restraints, and opportunities that impact the global partial ossicular replacement prostheses market
  • The report includes company profiles that provide information about their business, product portfolios, and competitive landscape in the global partial ossicular replacement prostheses market
  • The report on the global partial ossicular replacement prostheses market also offers market attractiveness analysis of regions and segments
  • The last section of the global partial ossicular replacement prostheses market report comprises quantitative and qualitative analysis on market share/position of key players operating in the global partial ossicular replacement prostheses market. It analyzes key competitive strategies adopted by major industry players, thereby presenting a thorough understanding of the competitive scenario in the global partial ossicular replacement prostheses market.
  • Market size of the global partial ossicular replacement prostheses market and forecast for each of the segments have been provided from 2017 to 2027. The CAGRs of respective segments have also been provided from 2019 to 2027, considering 2018 as the base year.

Partial Ossicular Replacement Prostheses Market: Regional Outlook

  • In terms of region, the global partial ossicular replacement prostheses market has been segmented into North America (U.S. and Canada), Europe (U.K., Germany, Spain, Italy, France, and Rest of Europe), Asia Pacific (China, India, Japan, Australia & New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and Middle East & Africa (GCC Countries, South Africa, Israel, and Rest of Middle East & Africa). Each region considered in the market has been further divided into countries/sub-regions.
  • The partial ossicular replacement prostheses market report provides size and forecast for each region and country/sub-region from 2017 to 2027. The CAGR for each of these regions and countries has also been provided for the forecast period from 2019 to 2027. The partial ossicular replacement prostheses market study also covers the competitive scenario in these regions.

Companies Covered in Partial Ossicular Replacement Prostheses Market Report

  • Key players in the global partial ossicular replacement prostheses market have been profiled based on attributes such as company overview, product portfolio, financial overview, recent developments, and competitive business strategies
  • Major players having presence in the global partial ossicular replacement prostheses market include 
    • William Demant Holding A/S
    • Sonova
    • Olympus Corporation
    • Sivantos Pte. Ltd
    • Medtronic plc
    • Heinz Kurz GmbH Medizintechnik
    • SPIGGLE & THEIS Medizintechnik GmbH
    • CoreMed

Partial Ossicular Replacement Prostheses Market - Scope of the Report

TMR’s report on the global partial ossicular replacement prostheses market studies the past as well as current growth trends and opportunities to gain valuable insights of these indicators for the market during the forecast period from 2019 to 2027. The report provides the revenue of the global partial ossicular replacement prostheses market for the period from 2017 to 2027, considering 2018 as the base year and 2027 as the forecast year. The report also provides the compound annual growth rate (CAGR) of the global partial ossicular replacement prostheses market from 2019 to 2027.

The report has been prepared after an extensive primary and secondary research. Primary research involved bulk of research efforts, wherein analysts carried out interviews with industry leaders and opinion makers. Secondary research involved referring to key players’ product literature, annual reports, press releases, and relevant documents to understand the global partial ossicular replacement prostheses market.

Secondary research also included Internet sources, statistical data from government agencies, websites, and trade associations. Analysts have also employed a combination of top-down and bottom-up approaches to study various phenomena in the global partial ossicular replacement prostheses market.

The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments included in the scope of the study. Moreover, the report sheds light on the changing competitive dynamics in the global partial ossicular replacement prostheses market. These indices serve as valuable tools for existing market players as well as for entities interested in participating in the global partial ossicular replacement prostheses market. The next section of the global report highlights the USPs, which include regulatory scenario, reimbursement scenario, key mergers & acquisitions, technological advancements, and key developments in the global partial ossicular replacement prostheses market.

The report delves into the competitive landscape of the global partial ossicular replacement prostheses market. Key players operating in the global partial ossicular replacement prostheses market have been identified, and each one of these has been profiled for distinguishing business attributes. Company overview, financial standings, recent developments, and SWOT are some of the attributes of players in the global partial ossicular replacement prostheses market profiled in this report.

Key Questions Answered in Partial Ossicular Replacement Prostheses Market Report

  • What are the major drivers, restraints, and opportunities in the global partial ossicular replacement prostheses market?
  • What are the revenue share projections of key segments of the global partial ossicular replacement prostheses market during the forecast period?
  • Which segment is likely to lead the global partial ossicular replacement prostheses market in terms of revenue by 2027?
  • How mergers & acquisitions among players are widening the scope for the market?
  • What is the market position of different companies operating in the global partial ossicular replacement prostheses market?

Partial Ossicular Replacement Prostheses Market - Research Objectives and Research Approach

The comprehensive report on the global partial ossicular replacement prostheses market begins with an overview of the market, followed by the scope and objectives of this study. The report provides detailed explanation of the objectives behind this study and health care compliances laid down by accredited agencies in the purview of research in the global partial ossicular replacement prostheses market. It is followed by market introduction, market dynamics, and an overview of the global partial ossicular replacement prostheses market, which includes TMR analysis of market drivers, restraints, and trends affecting the growth of the global partial ossicular replacement prostheses market. Furthermore, a Y-o-Y analysis with elaborated insights has been provided to understand the Y-o-Y trends of the global partial ossicular replacement prostheses market. The next section of the report highlights the USPs, which include regulatory scenario, reimbursement scenario, key mergers & acquisitions, technological advancements, and key industry developments in the global market.

For reading comprehensibility, the report has been compiled in a chapter-wise layout, with each section further divided into smaller ones. The entire report comprises an exhaustive collection of graphs and tables that are appropriately interspersed in the entire compilation. Pictorial representation of actual and projected values of key segments is visually appealing to readers. This also allows comparison of the market shares of key segments in the past and at the end of the forecast period.

The report analyzes the global partial ossicular replacement prostheses market in terms of material, age group, end user, and region. Key segments under each criteria have been studied at length, and the market share for each of these at the end of 2027 has been provided. Such valuable insights enable market stakeholders in making informed business decisions for investments in the global partial ossicular replacement prostheses market.

Partial Ossicular Replacement Prostheses Market - Segmentation

Material

Titanium

Hydroxyapatite

Others

Age Group

Pediatric

Adult

End User

Hospitals

ENT Clinics

Ambulatory Surgical Centers

Others

Region

North America

Europe

Asia Pacific

Latin America

Middle East & Africa

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