Worldwide Medical Implants Market 2019 Research Report implements an exhaustive study on Market Research Future. This Report Cover Key Market Driver, market size, growth rate, opportunities, market Dynamics and Overall Analysis.
The Global Medical Implants Market is expected to rise at a stable CAGR of 7.07% over the forecast period from 2017 to 2023, according to the latest market research report from Market Research Future (MRFR). The global medical implants market is mainly driven by the growing awareness about medical implants among patients and the growing healthcare expenditure in developed countries.
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Medical implants are among the cutting-edge technologies currently used in the healthcare sector and are used to replace lost body parts with synthetic alternatives. Advances in materials and implantation technologies have led to the development of safe and effective implants that can take the place of body parts with ease. This is likely to be the major driver for the global medical implants market over the forecast period, as gaining an edge in terms of technological innovation is likely to remain a major strategy for market players in the global medical implants market over the forecast period.
Global Medical Implants Market: Competitive Landscape
MRFR in its report has profiled some of the key players operating in the global market for Medical Implants, which include:
- Boston Scientific Corporation
- Johnson & Johnson Services Inc.
- Institut Straumann AG
- Zimmer Biomet Holdings
- Dentsply Sirona
- Smith & Nephew
- Stryker Corporation
- 3M and Medtronic.
Global Medical Implants Market: Segmental Analysis
The global medical implants market is segmented on the basis of type, type of material, end user, and region.
On the basis of type, the global medical implants market is segmented into orthopedic implants, cardiac implants, spinal implants, dental implants, ophthalmic implants, cosmetic implants, and others. Orthopedic implants hold a dominant 31% share in the global medical implants market and are likely to remain the dominant segment over the forecast period in spite of the cardiac implants segment exhibiting growth at the highest CAGR of 7.63% over the forecast period.
On the basis of type of material, the medical implants market is segmented into metallic materials, ceramic materials, polymers, and others.
On the basis of end use, the global medical implants market is segmented into hospitals & clinics, research laboratories, and others.
Global Medical Implants Market: Regional Analysis
The global medical implants market is segmented into the Americas, Europe, Asia Pacific, and the Middle East and Africa.
The Americas dominates the Global Medical Implants Market and is likely to remain the major regional players over the forecast period due to the high disposable income of consumers in the region and the presence of several leading medical implant manufacturers in the region, which has driven the medical implants market in the region at a handsome rate over the historical review period. The Americas market for medical implants is expected to rise to a valuation of USD 77,770 million by 2023.
Asia Pacific is expected to exhibit rapid growth in the global medical implants market due to the growing awareness among consumers about medical implants and the growing financial capacity of consumers in Asia Pacific, which has led to growing demand for medical implants in the region. The Asia Pacific market for medical implants is expected to exhibit a robust growth rate of 7.55% over the forecast period.
To know More Updates Related Report Visit @ https://www.medgadget.com/2019/01/cardiac-implants-market-is-anticipated-at-an-optimistic-cagr-of-7-2-till-2023-along-with-abbott-laboratories-medtronic-plc-b-braun-melsungen-ag-thoratec-corporation-etc.html
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