Increasing prevalence of lifestyle diseases is expected to drive the growth of global bio-implants market during the forecast period
New Delhi, July 12, 2020: According to TechSci Research report, “Global Bio-Implants MarketBy Type (Cardiovascular Bioimplants, Dental Bioimplants, Orthopedic Bioimplants, Spinal Bioimplants, and Ophthalmology Bioimplants), By Material (Metallic Biomaterials, Ceramic Biomaterials, Polymers Biomaterials, Alloys and Natural Biomaterials), By Origin (Autograft, Allograft, Synthetic, and Others), By End-User (Hospitals, Clinics, Specialty Centers and Others), By Region, Competition, Forecast & Opportunities, 2025”, global bio-implants market is expected to witness robust growth during the forecast period. Rising cases of bone degeneration cases among geriatric population is one of the major factors accounting for the growth of global bio-implants market. Moreover, technological advancement in healthcare sector is expected to bode well for the growth of global bio-implants market through the forecast period. In addition to this, increased research and developmental activities is projected to positively influence the growth of global bio-implants market in the years to come. Also, increasing prevalence of lifestyle diseases among the population, is further making headway for the growth of global bio-implants market. However, there are some factors that might act as major impediments to the growth of global bio-implants market through 2025 including rising cost of bioimplant surgeries and high price of bioimplants.
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Global bio-implants market can be segmented based ontype, material, origin, end-user,company, and region. Considering the end user, the market is fragmented into hospitals, clinics, specialty centers, and others. The hospitals segment dominated the global bio-implantsmarket until 2019 and is further anticipated to maintain its dominance during the forecast period as well which can be attributed to large patient footfall. Additionally, favorable reimbursement policies for costly implants, such as pacemakers, in government hospitals is further anticipated to boost the growth of segment during the forecast period. In terms of origin, the market can be categorized into autograft, allograft, synthetic, and others. The allografts segment is expected to register high growth during the next five years which is attributable to benefits such as lower risk of harvest site morbidity, reduced postoperative pain, as well as shorter surgical and recovery time.
Medtronic Plc., St. Jude Medical Inc., Stryker Corporation, Boston Scientific Corporation, Gore (WL) & Associates Incorporated, Abbott Laboratories, Braun (B.) Melsungen AG, Zimmer Biomet Holdings Inc., Orthofix Holdings, Inc., Wright Medical Group N.V., Johnson & Johnson Services, Inc., Integra Life Sciences, Smith & Nephew Plc, Exactech, Inc., Cochlear Ltdare among others are the leading players operating in global bio-implants market. The leading players are adopting several growth strategies to enhance the market scenario of bio-implants.Other competitive strategies include new technological developments; new product launches, extensive research activities, mergers & acquisitions; agreements, partnerships, and collaborations; and expansionsto diverse their product portfolio in order to strengthen their market position.
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“North Americais forecast to dominate the global bio-implants market until 2025 on account ofgrowing number of surgical procedures needing implants. Furthermore,presence of key market playersin the region is further anticipated to boost the market growth for bio-implants over the coming years. Additionally, Asia-Pacific region is estimated to register high growth in the years to come which can be attributed to high incidence of spinal cord injuries.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Bio-Implants Market By Type (Cardiovascular Bioimplants, Dental Bioimplants, Orthopedic Bioimplants, Spinal Bioimplants, and Ophthalmology Bioimplants), By Material (Metallic Biomaterials, Ceramic Biomaterials, Polymers Biomaterials, Alloys and Natural Biomaterials), By Origin (Autograft, Allograft, Synthetic, and Others), By End-User (Hospitals, Clinics, Specialty Centers and Others),By Region, Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of global bio-implants market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global bio-implants market.
