Global Medical Implants Market
Medical implant demand is projected to grow in forecast years owing to the ageing of the population worldwide and increasing prevalence of chronic diseases. Among all the implants pacemakers, neurostimulator and drug implants are leading the market. In situ graft delivery technology by Pinnacle Spine Group LLC recently granted a U.S. patent, which involves delivering bone graft material in situ onto an implanted device that will fill the biological void a technique designed to replace the traditional approach of interbody fusion system.
Goldstein Research analyst forecast the Medical Implants Market size is set to reach USD 131.2 billion by 2024, at a CAGR of 5.7% over the forecast years.
Covered In This Global Medical Implants Market Report
The report covers the present ground scenario and the future growth prospects of the Medical Implants Market for 2016-2024 along with the shipments of various implants and opportunistic markets of medical implants based on the number of procedures performed worldwide. We calculated the market size and revenue share on the basis of revenue generated and sales of various categories of Medical Implants from major players across the globe.
Global Medical Implants Market Segmentation
Orthopedics And Trauma
Skin And Wound Care Implants
Based on Geography
North America (U.S. & Canada) Medical Implants Market
Latin America (Brazil, Mexico, Argentina & Rest of Latin America) Medical Implants Market
Europe (The U.K., Germany, France, Italy, Spain, Poland, Sweden & RoE) Medical Implants Market
Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia) Medical Implants Market
Middle East & Africa (GCC, South Africa, North Africa, RoMEA) Medical Implants Market
On the basis of product, orthopedics and trauma based medical implants hold the largest market share i.e. 37.5% in 2016 while neurostimulator implant is the fastest growing medical implants market with the CAGR of 6.5% over the forecast year due to increasing neurological disorders in the ageing population, growing FDA approvals for clinical trials, development of advanced implantable neurostimulator and improved clinical outcomes.
Medical Implants Market Outlook 2016-2024, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the global Medical Implants market. The report also includes porters five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.
Our global Medical Implants market report comprises of the following companies as the key players in the Medical Implants market: Medtronic plc., Zimmer Biomet, Stryker Corporation, Abbott Laboratories, Boston Scientific Corporation, Johnson & Johnson, Institut Straumann AG, Dentsply Sirona, Edwards Lifesciences Corporation, Orthofix International, Smith & Nephew plc., and Tornier N.V, Novartis International AG, Sorin S.p.A, and StrykerCorporation.
According to our global market study on the basis of extensive primary and secondary research: One trend is to explore potential emerging markets through acquisitions and collaborations due to uncertain economic situations in the United States and Europe.
According to the report, major driving factor for Medical Implants market is the rising adoption of medical polymers in the implants for high level of biocompatibility and versatility. Medical polymers are widely used for dental, knee, and hip implants. In US, 3 million people have implants and that number is growing by 500,000 a year.
Further, the report states that the major challenge for biological implant is to use their ability to stimulate tissue regeneration, which is of greater scientific interest and constitutes a key expanding field and many implants are being held-up by FDA regulations and reporting adverse events.
Based on geography, North America is leading the medical implant market with 49% of global market share, closely followed by Europe. APAC is the fastest growing medical implants market and tends to be the highest revenue generating medical implant market due to increasing geriatric population and rising incidences of trauma cases. Regions such as China are set to showcase explosive growth, with a CAGR of almost 6% through 2021.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
For a full detailed overview, send us the sample request.
Key questions answered in this Medical Implants Market report
What is the total market size by 2024 and what would be the expected growth rate of the market?
What is the revenue of Medical Implants in 2015-16 and what would be the expected demand over the forecast period?
What are the key market trends?
What are the factors which are driving this market?
What are the major barriers to market growth?
Who are the key vendors in this market space?
What are the market opportunities for the existing and entry level players?
What are the recent developments and business strategy of the key players?
We can provide two hour complimentary interaction with our analyst after the purchase of this market report. Details are imparted within the report.