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Medical Implants Market : Key Growth Factor, Industry Analysis 2015 - 2021
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Increasing prevalence of chronic diseases and growing aging population are some of the major driving factors for the global medical implants market. Moreover, advancements in medical implants and rising awareness about artificial implants are also supporting the growth of the global medical implants market. However, high cost of implantation, inadequate reimbursement policies, and lack of skilled health care professionals are some of the factors inhibiting the growth of the market.
Increasing number of mergers and acquisitions and rapid product launches are some of the latest trends that have been observed in global medical implants market.
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Some of the major companies operating in the global medical implants market are Johnson & Johnson Limited, Abbott Laboratories, Edwards Life-sciences Corporation, Orthofix International N.V., Novartis International AG, Sorin S.p.A, Boston Scientific Corporation, Smith & Nephew plc, Tornier N.V., and StrykerCorporation.
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