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In-depth Analysis of Bio-Implants Market Size, Share, and Emerging Trends Driving Industry Growth
Bio-Implants Market
As per the report, the bio-implants market size has grown rapidly in recent years. It will grow from $116.28 billion in 2023 to $128.77 billion in 2024 at a compound annual growth rate (CAGR) of 10.7%. The bio-implants market size is expected to see rapid growth in the next few years. It will grow to $191.3 billion in 2028 at a compound annual growth rate (CAGR) of 10.4%.
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Rising Prevalence Of Chronic Conditions Boosts Growth In The Bio-Implant Market
The increasing prevalence of chronic conditions is expected to drive the bio-implant market going forward. Chronic conditions such as cardiovascular diseases and arthritis refer to medical conditions that persist for a year or longer, require continuous medical care, and restrict everyday activities. The bio-implants are used in managing and monitoring chronic conditions by reducing the mortality rate caused by chronic diseases. For instance, according to data published in April 2021 by the World Health Organization, a Switzerland-based health organization for international public health, 41 million people die every year due to chronic diseases globally, close to 71% of all deaths. Therefore, the increasing prevalence of chronic conditions is fueling the growth of the bio-implant market.
Innovative Biomaterial Technology And 3D Printing Revolutionize The Bio-Implant Market
Technical developments are the key trends gaining popularity in the bio-implant market. Major players are concentrating on developing innovative biomaterial technology, such as 3D printing for bio-implant systems. 3D-printing technology of biomaterials is a type of additive manufacturing that produces 3D structures that function as 3D tissues using cells and biomaterials rather than conventional metals and polymers. For instance, in March 2022, Evonik Industries AG, a Germany-based specialty chemicals company, launched osteoconductive VESTAKEEP iC4800 3DF PEEK filament based on 3D-printing technology for 3D printed implants. It offers enhanced osteointegration between the bone and implant for quicker bone healing, and impressive biocompatibility, biostability, and enhanced osteoconductive qualities characterize the high-performance polymer.
The bio-implants market covered in this report is segmented -
1) By Type: Cardiovascular Implants, Dental Implants, Spinal Bio-Implants, Orthopaedic Implants, Ophthalmic Implants, Other Types
2) By Material: Metallic, Ceramic, Polymer, Biological
3) By Origin: Allograft, Autograft, Xenograft, Synthetic
4) By End-User: Ambulatory Surgical Centers, Clinics, Hospital, Other End-Users
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Major companies operating in the bio-implants market report are Medtronic plc, Stryker Corporation, Zimmer Biomet Holdings Inc., Dentsply Sirona Inc., Johnson & Johnson, Arthrex Inc., Boston Scientific Corporation, Smith & Nephew plc, B. Braun Melsungen AG, Victrex plc, Straumann Holding AG, Danaher Corporation, Cardinal Health Inc., Organogenesis Holdings Inc., Exactech Inc., Osprey Medical Inc., Edwards Lifesciences Corporation, Biotronik SE & Co. KG, aap Implantate AG, Abbott Laboratories, Biotronik Inc., Cook Medical LLC, Globus Medical Inc., Integra LifeSciences Holdings Corporation, LivaNova PLC, MicroPort Scientific Corporation, NuVasive Inc., Orthofix Medical Inc., RTI Surgical Holdings Inc., Terumo Corporation
Contents of the report:
1. Executive Summary
2. Bio-Implants Market Report Structure
3. Bio-Implants Market Trends And Strategies
4. Bio-Implants Market - Macro Economic Scenario
5. Bio-Implants Market Size And Growth
…..
27. Bio-Implants Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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