North America to Dominate Bio-Implants Market During Forecast Period
Increasing prevalence of
lifestyle diseases is expected to drive the growth of global bio-implants
market during the forecast period
According
to TechSci Research report, “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”, 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 on type,
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-implants market 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 Ltd are 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 expansions to diverse their product
portfolio in order to strengthen their market position.
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“North America is forecast to dominate the global bio-implants market until
2025 on account of growing number of surgical procedures needing implants. Furthermore,
presence of key market players in 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.
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