Global Bio-implants Market is expected to Reach 308,837.20 Million by 2025 with a CAGR of 7.5%

Market Trends:

Global bio-implants market is expected to reach USD 308,837.20 million by 2025 from USD 186,162.16 million in 2018, at a CAGR of 7.5% in the forecast period 2018 to 2025.

The market for bio-implants market is primarily driven by the rising ageing population, advancements in bioengineering technologies, and increased awareness about cosmetic implants. The demand for non-surgical bio-implants that do not need incision is increasing and is expected to fuel the use of bio-implants. A large section of the ageing population needs dental implants for restorative care thereby stimulating the demand for bio-implants. Furthermore, inadequate lifestyle has led to an increased incidence of chronic diseases such as cardiovascular diseases, osteoarthritis, and congenital and neuropathic disorders propelling the demand for bio-implants across the globe.

On the downside, high cost of bio-implants, particularly non-surgical ones, and lack of favorable reimbursement issues are the factors likely to hinder the market growth to an extent. Nevertheless, ceaseless technological advancement in the manufacturing of bio-implants such as 3D printing, nanotechnology, and laser technology have significantly improved the biocompatibility of implants. Coupled with this, the rise in government funding in healthcare is expected to boost the market along the forecast period. Orthopedic artificial implants and cardiac pacemakers are prominent segments of the bio-implants market.

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Market Overview:

Bio-implants are widely used in organ transplantation and replacement of tissues. These are bioengineered products made up of human or animal origin and have been used in various fields of ENT leading to markedly high surgical outcomes. Emerging applications of bio-implants in different areas such as cardiovascular, neurological, orthopedic, and dental surgeries and technological advancements related to the manufacturing of bio-implants have led to a steady evolution of the global bio-implants market.

Top Industry Players:

This report studies the global Bio-implants market, analyzes and researches the Bio-implants development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like
• Abbott Laboratories
• Medtronic
• Boston Scientific Corporation
• Bio-Rad Laboratories, Inc.
• Somnomed Limited
• Johnson & Johnson Services, Inc.
• Edwards Lifesciences Corporation
• F. Hoffmann-La Roche AG
• C.R. Bard, Inc.
• Mimedx Group, Inc.
• Biotronik Se & Co.Kg

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Market Segments:
• Product Type
• Type
• Material
• Mode of Administration
• End-user

The global bio-implants market is segmented based on product type into orthopedics & trauma, pacing devices, stents & related implants, spinal implants, ophthalmic implants, structural cardiac implants, dental implants, neurostimulators implants, prosthetic implants, and others. In 2018, orthopedics & trauma is expected to dominate the bio-implants market with 24.8% market share and is expected to reach USD 80,618.43 million by 2025, growing at the highest CAGR of 8.3% in the forecast period 2018 to 2025.

The global bio-implants market is segmented on the basis of type into allograft, autograft, xenograft, synthetic, and others. In 2018, allograft is expected to dominate the bio-implants market with 42.8% market share and is expected to reach USD 135,491.48 million by 2025, growing at the highest CAGR of 7.9% in the forecast period 2018 to 2025.

The global bio-implants market is segmented on the basis of material into biomaterial metal, alloy, polymers, ceramics, and acrylic hydrogel. In 2018, biomaterial metal is expected to dominate the bio-implants market with 31.4% market share and is expected to reach USD 97,392.26 million by 2025, growing at a CAGR of 7.6% in the forecast period 2018 to 2025.

The global bio-implants market is segmented on the basis of mode of administration into surgical and non-surgical. In 2018, surgical is expected to dominate the bio-implants market with 60.6% market share and is expected to reach USD 183,310.49 million by 2025, growing at a CAGR of 7.2% in the forecast period 2018 to 2025.

The global bio-implants market is segmented on the basis of end users into hospitals, ambulatory surgical centers, clinics, and others. In 2018, hospitals is expected to dominate the bio-implants market with 46.0% market share and is expected to reach USD 144,320.98 million by 2025, growing at the highest CAGR of 7.7% in the forecast period 2018 to 2025.

Based on geography, the Global bio-implants market is segmented into geographical regions, such as,

• North- America,
• South America
• Global
• Asia-Pacific
• Middle East and Africa

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This release was published on openPR.