Press release
Bio-implants Market Expected to Reach $124,154 Million, Globally, by 2023
Bio-implants Market
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The major companies profiled in the report are 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 orthopedic bioimplant segment generated the maximum revenue, accounting for nearly 40% of the global digital bioimplant market in 2016. On the other hand, dental bioimplant segment is expected to witness the highest CAGR during the forecast period.
By material, the metallic biomaterial segment is expected to dominate the market, accounting for nearly two-thirds share in 2023. On the other hand, the polymeric biomaterials segment is estimated to register the highest CAGR during the forecast period.
๐๐ฎ๐ฒ ๐๐จ๐ฐ https://www.alliedmarketresearch.com/checkout-final/8f3f61914be9a5c1df6d3149ebb92c48
The North America market is projected to dominate the global bioimplant market in terms of revenue during the forecast period. This is majorly due to the increase in technological development and rise in incidence of cardiac, neuro, and spinal disorders. The Asia-Pacific market is expected to grow at the highest CAGR of 8.7% during the forecast period, owing to rise in awareness about the use of bio implants in the healthcare industry and surge in expenditures in emerging markets (such as India and China) to cater to the unmet medical needs.
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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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