SEATTLE, May 20, 2021, (MEDGADGET) — Overview
An implant is a surgical device that removes, protects, and strengthens a biological structure that has been weakened or is already present. An implant is a man-made device that is surgically implanted into the human body. Bio-implants are medical instruments constructed from bacterial cells that are consistent with those used in the human body. Bio-implants for the eyes are used to treat corneal sores and chemical eye trauma. In conditions including obesity, parasites, and musculoskeletal diseases, bio-implants aid in disease control and complex medication distribution. It delivers drugs to skeletal muscle in a specific and special way. Cardiovascular implants, dental implants, spinal implants, and orthopedic implants are among the bio-implants developed by major market players. Cardiac implants are used in procedures involving the heart.
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In 2019, the global bio-implants market was worth US$ 73,947.4 million, with a CAGR of 5.7 percent projected during the forecast period (2019-2027).
Drivers
The rising prevalence of chronic diseases like arthritis and CVD (cardiovascular disease) is expected to boost demand for bio-implants, propelling growth of the global bio-implants market during the forecast period. According to World Health Organization (WHO) figures from 2017, cardiovascular diseases were responsible for about 17.9 million deaths in 2016. Furthermore, the CDC (Centers for Disease Control and Prevention) reported that 54.4 million people in the U.S. were diagnosed with arthritis in May 2019.
Manufacturers and experts are working to create innovative devices that use a deep brain stimulation implant similar to a heart pacemaker to treat medication-resistant epilepsy patients. Medtronic unveiled a DBS (Deep Brain Stimulation) implant for suppressing epileptic seizures in February 2019. For patients with epilepsy who have failed to respond to medicine, DBS is an effective surgical treatment choice.
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Furthermore, major market players are focused on strategic investment to produce and commercialize new technologies as well as extend their market presence. GT Medical Technologies received $10 million in funding in February 2019 to help facilitate the commercialization of its GammaTile Therapy, a bioresorbable implant that delivers local doses of radiation to patients with brain tumors.
Regional Insights
The global bio-implant market is expected to expand due to bio-implant manufacturers’ geographic expansion into North America.
In the global bio-implant market, North America is projected to be the market leader. The rising prevalence of chronic diseases and the presence of improved healthcare facilities in the country are two major factors driving market growth. As per the American Chiropractic Association, about 65 million people in the U.S. suffer from lower back conditions each year, and approximately 8 out of every 10 people will experience back pain at any stage in their lives. In addition, the number of ophthalmic diseases in the U.S. is increasing. The demand for bio-implants is expected to rise as the prevalence of chronic diseases rises. As a result of these factors, the North American economy is predicted to expand significantly over the next few years.
DePuy Synthes has unveiled TRUMATCH Titanium 3D-Printed Implants in the U.S. in September 2017. This is used in the restoration of the face. Materialise, a pioneer in digital applications and 3D-printing systems in the medical and manufacturing markets, was chosen to sell the new products under an exclusive partnership.
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Due to the high occurrence of spinal cord injuries in the country, the Asia Pacific market is projected to expand at the fastest rate over the forecast period. This is due to an increase in the number of traffic fatalities. According to a study published in February 2019 by Tokyo’s Keio University, over 100,000 people in Japan have been paralyzed due to spinal cord injuries.
Key Players
Key companies contributing in the global bio-implants market are Cook Medical, B.Braun, Dentsply Sirona Plc, Abbott, Boston Scientific Corporation, Stryker Corporation, Medtronic, Zimmer Biomet, Wright Medical technology, Edwards Lifesciences, and C.R. Bard.
Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Material Type
- Market Snippet, By End User
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Market Trends
- PEST Analysis
- Mergers and Acquisitions
- Product Expiration
- Regulatory Scenario
- Pipeline Analysis
- Market Dynamics
- Global Bio-implant Market, By Product Type, 2016 – 2027, (US$ Mn)
- Introduction
- Market Share Analysis, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, 2017 – 2027
- Segment Trends
- Cardiovascular Implants
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Dental Implants
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Spinal Bio-implants
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Orthopedic Implants
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Ophthalmic Implants
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Introduction
- Global Bio-implant Market, By Material Type, 2016 – 2027, (US$ Mn)
- Introduction
- Market Share Analysis, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, 2017 – 2027
- Segment Trends
- Biomaterial Metal
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Ceramic
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Alloys
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Polymer
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Introduction
- Global Bio-implant Market, By End User, 2016 – 2027, (US$ Mn)
- Introduction
- Market Share Analysis, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, 2017 – 2027
- Segment Trends
- Hospitals and Clinics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Ambulatory Surgical Centers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Introduction
- Global Bio-implant Market, By Region, 2016 – 2027, (US$ Mn)
- Introduction
- Market Share Analysis, By Region, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, For Regions, 2017–2027
- North America
- Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Material Type, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
- U.S.
- Canada
- Latin America
- Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Material Type, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
- Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Material Type, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Material Type, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Material Type, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
- GCC
- Israel
- Rest of Middle East
- Africa
- Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Material Type, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country/Region, 2016 – 2027, (US$ Mn)
- South Africa
- Central Africa
- North Africa
- Introduction
- Competitive Landscape
- Heat Map Analysis
- Market Share Analysis
- Company Profiles
- Section
- References
- Research Methodology
- About Us and Sales Contact
About Us:
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