Tissue Level Implant Market 2022 Global Projection By Key Players - BioHorizons, COWELLMEDI CO. LTD., Institute Straumann AG, Integra LifeSciences- Analysis and Forecast to 2031

Tissue Level Implant Market 2022

The pharmaceutical industry is making use of AI for discovering new-fangled drugs. January 2020 witnessed the invention of the very first drug molecule using AI, whose patent lay with Japanese and British scientists. The medicine is being used for treating OCD (obsessive-compulsive disorder). Likewise, several promising formulas are being discovered as an outcome of AI-enabled lab experimenting. This would how the Tissue Level Implant Market look in the near future.

According to the latest research by Persistence Market Research, tissue level implant market is set to witness 7.2% growth during the forecast period 2021-2031. This growth will be experienced due to the rising prevalence of road accidents and technological advancement. Therefore, the growth in tissue level implant will be expected at a high CAGR.

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Implant is manufactured to replace a missing biological part, support any damaged biological part, or enhance the working of any biological structure. With increasing population, the road traffic is also increasing manifold which results in enhancing the occurrence of road accidents and road traffic injuries. In 2020 according to WHO, 20 to 50 million people injured due to road accidents that can lead to disabilities. It leads to an increase in the demand for tissue level implant.

Furthermore, the advancement in technology plays a crucial role in increasing the demand for the tissue level implant. The rise in tissue engineering and regeneration, and use of prosthetics to increase the life expectancy of patients. All these factors are expected to enhance the market of tissue level implant during the forecast period from 2021 to 2031.

Advancement in technology has been resulting in the development and introduction of new and advanced medical implants to simplify implantation procedure and provide ease to the patients in performing various activity after implantation.

Some advances made in the field of tissue level implant are like the use of wireless smartphone or computer to observe the changes in a biological sense. It also helped the doctors to monitor and access the generated data.An increase in the population of above 65 years of age also going to contribute to increasing the demand for tissue level implant due to the rising prevalence of chronic diseases like cardiovascular disease and osteoporosis.

According to the Journal of American College of Cardiology, there were 523 million cases of cardiovascular disease in 2019 worldwide. These factors going to enhance the demand for tissue level implant during the forecast period.

U.S. and Canada will remain the leading players in the tissue level implant market worldwide. This is primarily due to the presence of key players and technological advancement in the region. According to WHO, every year U.S. spend 17% of its GDP on healthcare. Leading manufacturers of implants and medical devices are from U.S. that benefits the tissue level implant market to grow in that region.Also, in U.S. the population of people of 65 and above age is high. According to U.S. Census Bureau, 54 million population of U.S. were of 65 and above age in 2019. Therefore, these factors helped the tissue level implant market to grow significantly in the region during the forecast period from 2021 to 2031.

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In the last few years especially after the pandemic outbreak in 2020, the EU keep expanding its healthcare sector to meet the demand of the increasing population and older adults of 65 and above age because older adults are more prone to various chronic diseases. According to WHO, 20% population comprises of 65 and above age in Europe in 2020 that is approximately equal to 91 million.Also, for the growth of any medical device or healthcare-related products, advancement in the technology and R&D is required. This advancement is possible only when the countries are spending on their healthcare sector. According to WHO, Europe spent 10% of its GDP on healthcare and medical technologies. All these factors will increase the growth of tissue level implant in the region during the forecast period.

Some of the key players of tissue level implant are,
BioHorizons
COWELLMEDI CO. LTD.
Institute Straumann AG
Integra LifeSciences
NuVasive Inc.
Edwards LifeSciences Corporation
Cryolife Inc.
Medtronic
RTI Surgical
Baxter

They follow strategies like merger & acquisition, new product launch and others. For instance, Medtronic acquired Medicrea in 2020 which make it the leading company in spinal surgery through artificial intelligence and patient-specific implants.

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Key Segments

By Product Type

Cardiovascular Implants
Dental Implant
Breast Implant
Facial Implant
Orthopaedic Implants
Others

By Material

Ceramics
Polymers
Biologics
Metals
Others

By Modality

Fixed
Removable

By End User

Hospitals
Ambulatory Surgical Centres
Specialized Clinics
Others

By Region

North America
Latin America
Europe
South Asia
East Asia
Oceania
Middle East and Africa

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