This report was recently updated on April 17 2024 with the latest and most recent
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Global Bio-Implants Market Size, Trends, and Analysis- Forecasts To 2026 By Type of Implants (Ophthalmic, Cardiovascular, Spine, Orthopedics, Trauma, Dental), By Source Type (Autograft, Allograft, Xenograft, and Synthetic), By Type of Material (Biomaterials, Alloy, Ceramic, and Polymer), By Region (North America, Asia Pacific, CSA, Europe, and the Middle East and Africa); End-User Landscape, Company Market Share Analysis & Competitor Analysis
Materials derived from human or animal tissue that assist in the tissue replacement procedure are called bio-implants. Bio-implant is prostheses that is implanted for the regularization of physiological functions of damaged or injured tissue. Increasing adoption regarding advantages of bio-implants especially in dental practices, rapid replacement of bio-implantation procedure with physiotherapy, and rising awareness regarding high biocompatibility of the implants with the patient’s body, and positive success rate will propel the market to grow. High prevalence and incidence of CVDs, dental disorders, bone injuries, lifestyle disorders, an increasing number of cosmetic surgeries, and a rising geriatric patient population will support the market growth.
Based on the type of implants available in the market, the segmentation includes the ophthalmic, dental spine, orthopedics, cardiovascular, and trauma. The orthopedic implants will be the largest shareholder in the market whereas, the dental implants segment will be growing the fastest with the highest CAGR value. A major reason for the orthopedic implant to be the dominant one is the increasing adoption and awareness of the use of implants in orthopedic surgeries, increasing prevalence of orthopedic disorder and injuries, and supportive reimbursement scenario about the use of implants for the procedures.
Allograft, Xenograft, Synthetic, and Autograft are the four major sources of bio-implants available in the market. Xenograft being highly safe and consider having lesser side effects in terms of autoimmune rejections, is the fastest-growing segment in the market as of 2020.
Based on the material outlook, the market can be classified into biomaterials, alloy, ceramic, and polymer. Owing to factors such as high tensile strength, and high resistance to corrosion, the market for biomaterials will be growing the fastest with the highest market share from 2021 to 2026.
In terms of market share and revenue generation, the North American regional segment will be the dominant segment from 2021 to 2026. This is mainly due to increasing awareness of the knowledge of bio-implants amongst surgeons and doctors, and the rising prevalence of orthopedic disorders amongst the geriatric patient population. However, on the other hand, the market for the Asia Pacific will be growing the fastest due to the rapidly rising medical tourism industry, high prevalence of dental injuries, cost-effective implant treatment, and increasing patient population for hip bone fracture.
St Jude Medical (Abbott); Exactech, Inc., Medtronic; Stryker; Zimmer Biomet; DePuy Synthes; Organogenesis, Inc.; Orthofix Holdings, Inc.; Arthrex, Inc.; and Cochlear Ltd. are the major companies competing in the bio-implants market.
Please note: This is not an exhaustive list of companies profiled in the report
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The Global Bio-Implants Market has been studied from the year 2019 till 2026. However, the CAGR provided in the report is from the year 2021 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Bio-Implants Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
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