Blogs
on June 19, 2023
The global market for medical implants is anticipated to grow rapidly, with a projected worth of $189,030.8 million by 2031 and a consistent CAGR of 7.1% from 2021 to 2031. The market is growing as a result of an ageing population with a variety of chronic diseases and advances in healthcare infrastructure. Additionally, factors that significantly contribute to the market's constant expansion include the increase in accidents and sports injuries, the growing popularity of aesthetic implants, increased disposable income, and technical advancements in the industry.
In recent years, there has been an increase in the global ageing population, which has led to an increase in the prevalence of chronic illnesses and age-related ailments. As a result, there is an increase in demand for medical implants, such as orthopaedic, cardiovascular, and dental implants. By boosting cardiac functions, replacing missing or broken teeth, and restoring mobility, these implants help patients live better lives. The market is expanding because to the rising elderly population and improvements in implant technology.
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Additionally, the development of healthcare infrastructure, especially in developing nations, is a significant factor in accelerating the uptake of medical implants. Patient access to implant therapies is improved by the availability of cutting-edge medical facilities, such as specialised clinics and hospitals outfitted with cutting-edge surgical tools and implantation techniques. In turn, this encourages market expansion as more people look for efficient treatments for their medical concerns.
The growing geriatric population with chronic diseases, the development of the healthcare system, the rise in accidents and sports injuries, the growing popularity of cosmetic implants, and scientific advancements all point to a significant expansion of the global medical implant market. Businesses working in this industry can take advantage of the rising demand for medical implants to achieve significant growth, with a projected valuation exceeding $189,000 million by 2031.
Highlighted with 97 tables and 102 figures, this 190-page report “Global Medical Implant Market 2021-2031 by Product (Orthopedic, Cardiovascular, Spinal, Neurostimulators, Opthalmic, Dental, Cosmetic), Material Type (Metallic, Ceramic, Polymers, Natural), Technology (Conventional, 3D Printed), End User (Hospitals & Clinics, Research Laboratories, Others), and Region: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire global medical implant market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2018-2021 and provides forecast from 2022 till 2031 with 2021 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
- Market Structure
- Growth Drivers
- Restraints and Challenges
- Emerging Product Trends & Market Opportunities
- Porter’s Fiver Forces
The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify global medical implant market in every aspect of the classification from perspectives of Product, Material Type, Technology, End User, and Region.
View Report Scope and Latest Developments in the Market: MW Link https://www.marketwatch.com/press-release/medical-implant-market-analysis-report-2022-2032-global-opportunities-by-regions-and-growth-status-2023-06-04?mod=search_headline
Based on Product, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
- Orthopedic Implants
o Reconstructive Joint Replacements (Knee Replacement Implants, Hip Replacement Implants, Extremities)
o Orthobiologics
o Trauma & Craniomaxillofacial
- Cardiovascular Implants
o Pacing Devices (Cardiac Resynchronization Therapy Devices, Implantable Cardioverter Defibrillators, Implantable Cardiac Pacemakers)
o Stents (Coronary Stents, Peripheral Stents, Stent-related Implants)
o Structural Cardiac Implants (Mechanical Heart Valves, Implantable Ventricular-assist Devices)
- Spinal Implants
o Spinal Fusion Implants
o Spinal Bone Stimulators
o Vertebral Compression Fracture (VCF) Devices
o Motion Preservation Devices/Non-Fusion Devices
- Neurostimulators
o Deep Brain Stimulation (DBS)
o Sacral Nerve Stimulation (SNS)
o Vagus Nerve Stimulation (VNS)
o Spinal Cord Stimulation (SCS)
o Other Neurostimulators
- Opthalmic Implants
o Intraocular Lens
o Glaucoma Implants
- Dental Implants
o Reconstructive Joint Replacements
o Trauma & Craniomaxillofacial
- Cosmetic Implants
o Facial Implants
o Breast Implants
o Other Cosmetic Implants
- Cochlear Implants
- Other Medical Implants
Based on Material Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
- Metallic Biomaterials
- Ceramic Biomaterials
- Polymers Biomaterials
- Natural Biomaterials
By Technology, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
- Conventional Implants
- 3D Printed Implants
By End User, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
- Hospitals & Clinics
- Research Laboratories
- Other End Users
Geographically, the following regions together with the listed national/local markets are fully investigated:
- North America (U.S., Canada, and Mexico)
- Europe (Germany, UK, France, Spain, Italy, Netherlands, Rest of Europe; Rest of Europe is further segmented into Russia, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
- APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
- South America (Brazil, Chile, Argentina, Rest of South America)
- MEA (UAE, Saudi Arabia, South Africa, Other Nations)
For each aforementioned region and country, detailed analysis and data for annual revenue ($ mn) are available for 2021-2031. The breakdown of all regional markets by country and split of national markets by Product, Material Type, and End User over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players:
- Abbott Laboratories
- BIOTRONIK
- Boston Scientific Corporation
- Cardinal Health, Inc.
- Conmed Corporation
- Dentsply
- Globus Medical, Inc.
- Institut Straumann AG
- Integra Lifesciences Holdings Corporation
- Johnson & Johnson
- LivaNova Plc
- Medtronic Plc
- Nuvasive, Inc.
- Smith & Nephew PLC
- Straumann AG
- Stryker Corporation
- Zimmer Biomet Holding Inc.
View Complete TOC and Figures & Graphs of Medical Implant Industry Report https://marketdatalibrary.com/free-customization/4062
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