Market Research Future (MRFR) has published on the “Global TMJ Implants Market”.
Market Research Future (MRFR) has published a cooked research report on the “global TMJ implants market” that contains the information from 2019 to 2032. The TMJ implants market is estimated to register a CAGR of 4.22% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global TMJ implants market Stryker and others.
The global TMJ implants market is accounted for to register a CAGR of 4.22% during the forecast period and is estimated to reach USD 10.65 billion by 2032.
The single largest growth trend is the increasing prevalence of TMJ disorders. The market space witnesses health care expenditure across the globe which drive the growth of TMJ implants market. In addition, rising number of companies in the market space. One such key growth factor promoting an exponential increase in Year on Year (%) growth due to the rising number of clinical trials is driving the growth of TMJ implants market.
Furthermore, technological advancement in biomaterials that are propel the growth of freezing gait market. However, low treatment rate for TMJ related symptoms is expected to hamper the growth of the global market. Nevertheless, the technological advancements and new product launches are projected to create lucrative opportunity pockets for market players. We estimate a more focused business initiates targeting the same would result in greater revenue pockets for market players.
The global TMJ implants market is segmented into material, component, indication end user, and region. Based on component, the market is segmented into mandibular components, fossa prostheses, and screws. The mandibular components segment was attributed to holding the largest market share in 2022 with a market share of 67.8% revenue as estimated by MRFR analysts.
Mandibular components are the largest and fastest-growing segment, due to the mandible, also called the lower jaw, is located inferiorly in the facial skeleton. It is the largest and strongest bone of the face. It forms the lower jaw and holds the lower teeth. It is connected to the temporal bone, forming the temporomandibular joint. The mandibular components are designed to replace the articular surface of the mandibular condyle. The mandibular components are offered in several sizes and shapes to suit the requirement. The mandibular components are generally made of metal alloys are further drive the growth of this segment.
Further, we estimate that the market segment will large patient pool suffered from TMJ disorders during the forecast period. It has been identified that the segment market yet witnesses continuous technological development in terms of new products launches.
Further, based on the material, the market is segmented into cobalt-chromium-molybdenum, titanium alloy, ultra-high molecular weight polyethylene (UHMWPE), aluminum, silicon, and others. Cobalt-chromium-molybdenum segments are projected to have the largest market share during the forecast period. Based on indication, the market is segmented into arthritic conditions, ankylosis, and others. Based on end user, the market is segmented into hospitals, dental clinics, and others.
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The global TMJ implants market, based on region, has been divided into North America, Europe, Asia-Pacific, and the Rest of the World.
the advanced healthcare infrastructure, high healthcare expenditure, sports-related mouth injuries, and the presence of prominent industry players. According to Food and Drug Administration (FDA), the U.S. recorded 5500 TMJ total joint replacement during the tenure of 2005-2014, while during 2014-2018, the region recorded 680 MDRs related to TMJ implants. Moreover, according to the Journal of the American Dental Association (JADA), 13-39% of dental injuries are associated with sports, among which 2-18% of the damages are related to the maxillofacial region. In addition, the National Federation of State High School Associations (NFHS) has listed a few sports such as ice hockey, football, lacrosse, wrestling, and field hockey for proper mouth guards. This augments the TMJ implant market in the Americas. Furthermore, the market players are offering TMJ implants manufactured of different materials such as silicone, plastics, metals, and Teflon, amongst others. which is contributing to market growth over the forecast period.
Moreover, the Europe market has been persistently growing owing to factors such as the government authorities are investing in healthcare infrastructure to support the administration of 3D printing medical devices. The rising demand for customized TMJ implants across the region is imposing industry players to manufacture the implants using 3D printing. This will aid healthcare professionals in performing treatments in emergency cases. Moreover, increasing temporomandibular disorder (TMD) cases owing to wear and tear of joint surrounding cartilage tissue drives the demand for TMJ implants. Furthermore, increasing stress and poor posture among the young working population is driving the Europe TMJ implant market. TMJ implants which drive the growth of freeze gait in Europe region.
Additionally, market factors, such as the rising investment to upgrade medical device manufacturing facilities, economical device costs and treatment facilities. Owing to the rising number of cases across different countries in Asia, the government authorities have planned to invest in healthcare facilities. These public authorities are also investing in R&D activities to develop advanced medical devices. The government authorities are partnering with private players to accelerate the innovation process and commercialize healthcare-related products on the growth of TMJ implants market in Asia-Pacific region. Furthermore, availability of cheap labour cost, increasing interest of major key players for investment in Asia-Pacific region are further drive the growth of this market.
Furthermore, the rest of the world's patient portal market is divided into the Middle East, Africa, and Latin America. The market factors such as climate constraints, regional political tensions that have limited investment in the region. During the corona outbreak, the region experienced a crisis in the development and manufacturing of healthcare products. However, the government authorities are recruiting high qualified surgeons and medical staff for surgical assistance. These surgeons are well versed in cosmetics, implants, dentures, temporomandibular disorders, and maxillofacial prostheses. In addition, the public authorities are investing in the advancement of hospital infrastructure and promote medical tourism to uplift their healthcare industry revenue. Moreover, growing awareness and demand from the general population for effective treatments are likely to favor market growth.
Key Findings of the Study