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Kenneth Research has evaluated the current market opportunities in Bio-implants Market in the healthcare industry for the forecast period 2022-2031, which also includes the ongoing industry trends and innovations that will help industry players to attain their business targets. Apart from that, the inclusive data on market size, market share and forecast, growth opportunities and challenges for the market players, along with the worldwide analysis on regions- North America, Latin America, Europe, Asia Pacific and Middle East & Africa, has also been provided in the report.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Bio-implants Market products.
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Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018.
The global bio-implants market is driven by various factors which include the global rise in the adoption of bio-implants, an increase in the number of people suffering from disabilities. It is giving rise to a higher number of amputations. Rising incidence and prevalence rate of CVD, CHD and other heart diseases is also driving the market growth. Additionally, with increasing adoption of prosthetic limbs across geographies and rise in awareness about ear implants, pacemakers and other bio-implants are creating huge scope for the global bio-implant market.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
The market is segmented on the basis of materials which include material such as ceramics, metal, alloys, polymers, and others. The global bio-implant market by material and its type are extensively adopted by major hospitals and clinics for bio-implants. Further, the market is segmented on the basis of bio-implants type which includes CVD implants, spinal implants, orthopedic and trauma, dental, ophthalmic and neurostimulators. Stents, cardiac implants, ear implants are expected to contribute the highest among all the segments of the global bio-implant market. With the advancement in technology and innovation due to research and development segments such as dental implants, orthopedic implants are expected to contribute better in the next few years.
In terms of geographical segmentation, North America is expected to lead the revenue in this market due to the higher adoption of bio-implants such as the cochlear implants, prosthetic implants, stents and so on followed by Europe. Asia Pacific market is expected to have the highest market growth. It is driven by growing awareness, rise in the number of local manufacturers providing cheaper implants, availability of raw materials such as ceramics, metal, and alloys in abundance and growing R&D.
Bio-implant market consists of some major companies which includes Medtronic Inc, Abbot laboratories, AAP implantate AG, Bausch & Lomb incorporated, Biomet Inc, Biotronik SE & Co. KG, Boston scientific corporation, Crook group Inc, CR Bard Inc, Toshiba Corporation and others.
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Companies profiled include
1. Medtronic Inc
2. Abbot laboratories
3. AAP implantate AG
4. Bausch & Lomb incorporated
5. Biomet Inc
6. Biotronik SE & Co. KG
7. Boston scientific corporation
8. Crook group Inc
9. CR Bard Inc
10. Toshiba Corporation
11. GE healthcare
12. Edwards lifesciences corporation
13. Endo health solutions Inc
14. Johnson & Johnson
15. Philips corporation
16. Stryker corporation
17. Integral lifesciences holdings corporation
18. Integrated orbital implants
19. Lifenet health Inc
20. Mimedx group Inc
21. Orthofix international N.V.
22. Smith & nephew, PLC
23. Zimmer holdings
24. Wright medical group incorporated
25. WL Gore & associates Inc
26. Tornier N.V.
27. Thoratec corporation
28. St. Jude medical Inc
29. Sorin S.P.A.
30. Intuitive surgicals
This Research Report covers
1. Historical data
2. Revenue forecasts, growth rates and CAGR up to 2028
3. Industry Analysis
4. Competitive Analysis
5. Key geographic growth data
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Key Answers Captured in Report?
- Which geography would have better demand for products/services?
- What are the strategies adopted by big players in the regional market?
- Which country would see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
- What is the current & expected market size in the next five years?
- What is the market feasibility for long term investment?
- What opportunity the country would offer for existing and new players in the market?
- What is the risk involved for suppliers in the geography?
- What factors would drive the demand for the product/service in the near future?
- What is the impact analysis of various factors in market growth?
About Kenneth Research
Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defense, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.
Phone: +1 313 462 0609
James Bullock is a Research Expert with a demonstrated history of working in the professional training & coaching industry. Strong professional skilled in business strategy , Strategic Planning, Research Strategy, and Marketing. also have interest in new innovations and technology
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