"Designing Growth Strategies is in our DNA"
Ossiculoplasty or Ossicular chain reconstruction 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. Various conditions affect the movement and functionality of three tiny bones in the middle ear namely the malleus, the incus and the stapes bones, which if left untreated can lead to mild or severe hearing loss.
There are two major types of ossicular reconstruction procedures, a Total Ossicular Replacement Prosthesis (TORP), and a Partial Ossicular Replacement Prosthesis (PORP). Various conditions including chronic ear diseases, infection, or a trauma can lead to damage to the ossicles in the middle ear.
To gain extensive insights into the market, Request for Customization
Increasing prevalence of chronic ear diseases such as cholesteatoma, otitis media, and other conditions are leading towards an increasing number of people around the world suffering from mild to severe hearing loss. According to the World Health Organization (WHO) statistics, in 2012 an estimated 5.2% population in the world were suffering from hearing loss. This combined with higher efficiency of partial ossicular replacement prosthesis as compared to hearing aids in the treatment of hearing loss, and increasing preference by surgeons for the minimally invasive procedure, are some of the major factors which are expected to drive the global partial ossicular replacement prosthesis market during the forecast period.
However, lack of awareness among patient population towards the surgical procedures, and comparatively higher cost of the surgical procedure are some of the factors expected to restrain the growth of the global partial ossicular replacement prosthesis market by 2026.
Some of the major companies operating in the global partial ossicular replacement prosthesis market are Medtronic, Olympus Corporation, Heinz Kurz GmbH Medizintechnik, GRACE MEDICAL, and Spiggle & Theis.
By Patient Type
· ENT Clinics
· Ambulatory Surgery Centres
· North America (the USA and Canada)
· Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
· Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
· Latin America (Brazil, Mexico and Rest of Latin America)
· Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
Among the segmentation, the titanium among material segment is projected to dominate the global market in 2018, owing to better biocompatibility, and reduced inference with MRI and CT diagnostic procedures.
North America is projected to dominate the global partial ossicular replacement prosthesis market during the forecast period owing to increasing preference towards minimally invasive surgical procedures in the U.S. and Canada. Combined with adequate reimbursement policies in the region, is leading to the increasing number of patients undergoing partial ossicular replacement procedures. The market in Asia Pacific region is projected to register comparatively higher CAGR from 2019-2026, owing to a large patient pool in emerging countries such as China and India along with increasing awareness about surgical treatment of ear diseases.
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry