TMJ Implants Market Rapidly Growing in Healthcare, Competitor Analysis, Complete Study of Current Trends and Forecast 2021-2027
The global TMJ implants market is expected to register a CAGR of 4.22% during the forecast period and is expected to hit USD 8,043.10 thousand by 2027.
TMJ implants are designed to replace the temporomandibular joint. The market for TMJ implants is expanding worldwide due to factors such as increasing beauty consciousness towards anatomical deformities such as malocclusion, the presence of compressed bone in the ramus of the mandible, or temper mandibular joint alloplastic reconstruction, osteoarthritis conditions, avascular necrosis, or fractures due to accidents. Furthermore, the increasing number of geriatric populations, advancement of medical devices, availability of skilled professionals, and governmental initiatives to support healthcare reformsarespurring market growth. However, high capital investments required for joint replacement orthodontic surgeries, the cost of these implants, and infection rates associated with the implants are restricting the market growth.
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MRFR recognizes the following companies as the key players in the global TMJ implants market—Zimmer Biomet Holdings Inc. (US),Stryker (US),Ortho Baltic (US),Xilloc Medical B.V.(Netherlands), and A.B. Dental Devices Ltd. (Israel).
The global TMJ Implants Market Size has been divided based on components, material, indication, and end user.
The market, based on components, has been segregated into mandibular components, fossa prostheses, andscrews. Based onmaterial, theTMJ implants market has been divided into cobalt-chromium-molybdenum, titanium alloy, ultra-high molecular weight polyethylene, aluminum, silicon, and others.
The market, based on indication, has been segmented intoarthritic conditions, an kylosis, and others. On the basis of end user, the market is divided into hospitals, dental clinics, and others.
The global TMJ implants market, based on region, has been divided into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The Americas is expected to dominate with the largest market share due to a well-developed healthcare sector, the risingincidence ofsports-related mouth injuries, and the presence of leading players with FDA-approved products. Europe held a substantial share of the global TMJ implants market. This can be attributed to the increasing support from the government, rising prevalence of TMJ disorder, technological advancement,and high healthcare spending.Furthermore, increasing stress and poor posture among the young working population is driving the Europe TMJ implant market.
Asia-Pacific is estimated to be significant in TMJ treatment due to transformation in healthcare infrastructure, rising investment to upgrade medical device manufacturing facilities,increasing funding for R&D, developing healthcare infrastructure, and government initiatives. Moreover, in this region increasing number of oral cancer patients due to the consumption of unhealthy chewable products andmany accidents in which maxillofacial is affected that require immediate treatment and medical service. TheTMJ implants market in Middle East & Africaaccounts for the minimum share of the TMJ implant market owing to climate constraints and regional political tensions that have limited investment in the region. However, the government authorities are recruiting high qualified surgeons and medical staff for surgical assistance.Moreover, limited medical facilities in Africa have held back the market growth of TMJ implants in the region. Nevertheless, better government policies and investments from prominent players will augment the TMJ implant market in the forecast timeline.
Key Findings of the Study
The global TMJ implants market was evaluated at USD 6,115.48 thousandin 2020 and is projected to register a CAGR of 4.22% during the assessment period.
The Americas held the largest share of the global market due to the advanced healthcare infrastructure, high healthcare expenditure,sports-related mouth injuries, and the presence of prominent industry players.
Based on component, the mandibular components segment accounted for the largest market share of 67.65% in 2020.
By material, the cobalt-chromium-molybdenum segment accounted for the largest market share of 34.07% in 2020.
On the basis ofindication, thearthritic conditions segment accounted for the largest market share of 61.68% in 2020.
Based on end user, the hospitals segment accounted for the largest market share at a value of USD 4,462.70 thousand in 2020.
Stryker (US), Zimmer Biomet Holdings Inc. (US), Ortho Baltic (US), and A.B. Dental Devices Ltd (Israel) are the key market players.
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