Bioimplants Market By 2030 | Analysis by Key Players Focusing on Growth Strategies
The Global Bioimplants Market was valued at $77,738 million in 2016, and is estimated to reach $124,154 million by 2023, with a CAGR of 6.9% from 2017 to 2023. The major factors that drive the growth of the global bioimplants market include rise in prevalence of chronic diseases coupled with the rapidly aging population. Furthermore, increased awareness and technological advancements in bioimplant further propel the market growth. However, high implantation cost and lack of expertise are some of the factors restrict the market growth.๐๐ข๐ฌ๐ญ ๐จ๐ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ :
The key market players analyzed in the global bioimplants market report include Abbott Laboratories (St. Jude Medical, Inc.), Boston Scientific Corporation, Dentsply Sirona Inc., Johnson & Johnson (Ethicon, Inc.), Medtronic Plc, Smith & Nephew Plc, Stryker Corporation, Victrex Plc. (Invibio Ltd.), Wright Medical Group N.V., and Zimmer Biomet Holdings Inc.
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The cardiovascular bioimplant segment contributed for nearly one-fourth share of the global bioimplant market in 2016.
The spinal bioimplant segment is projected to grow at a significant CAGR from 2017 to 2023.
The natural biomaterial segment is projected to grow at a significant CAGR during the forecast period.
Germany and France are the major shareholders, which collectively accounted for more than one-third share of the Europe bioimplant market in 2016.
Japan is the major shareholder, accounting for more than one-third share of the Asia-Pacific bioimplant market in 2016.
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