Partial Ossicular Replacement Prostheses - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Partial Ossicular Replacement Prostheses Market is accounted for $563.24 million in 2019 and is expected to reach $1,042.52 million by 2027 growing at a CAGR of 8.0% during the forecast period. Increasing preference by surgeons for the minimally invasive procedure, the increasing geriatric population worldwide and rising prevalence of hearing loss are propelling the market growth. However, lack of awareness among patient population towards the surgical procedures, and higher cost of the surgical procedure are hampering the market growth.
Partial ossicular replacement prosthesis is a surgical procedure performed to repair and reconstruct the natural motion and function of the ossicles or the small bones in the middle ear. Many conditions like chronic ear diseases, infection, or a trauma can lead to damage to the ossicles in the middle ear.
Based on the material, the titanium segment is going to have a lucrative growth during the forecast period owing to its excellent biocompatibility, reduced inference with MRI and CT diagnostic procedures and improved hearing responses at high frequencies because of its low mass. By geography, Asia Pacific is going to have a lucrative growth during the forecast period owing to a large patient pool in emerging countries such as China and India along with increasing awareness about surgical treatment of ear diseases.
Some of the key players profiled in the Partial Ossicular Replacement Prostheses Market include Xomed Surgical Products Inc. (Medtronic), William Demant Holding A/S, SPIGGLE & THEIS Medizintechnik GmbH, Sonova, Olympus Corporation, Heinz Kurz GmbH Medizintechnik, GRACE MEDICAL, and CoreMed.
Age Groups Covered:
End Users Covered:
• Ambulatory Surgical Centers
• Ear, Nose, and Throat (ENT) Clinics
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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