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The global bio implants market size was valued at USD 122.8 billion in 2023, driven by the rising demand of implants in managing cardiovascular diseases and orthopedic disorders across the globe. The market is expected to grow at a CAGR of 9.56% during the forecast period of 2024-2032, with the values likely to rise from USD 134.2 billion in 2024 to USD 275.4 billion by 2032.
Biomedical implants or bio implants are medical devices injected or surgically implanted into the body to support, repair, replace, or enhance the existing biological structure. According to the World Health Organisation (WHO), chronic diseases account for 41 million deaths annually. The rising burden of chronic diseases is anticipated to bolster the market growth in the future. In addition, technical advancements such as advent of biocompatible materials, surge in research initiatives, as well as increasing application of bioimplants in multiple domains including cardiology, neurology and dentistry among others is projected to bolster the bio implants market growth in the forecast period.
In October 2023, Evonik introduced an innovative carbon-fiber reinforced PEEK filament to be used in 3D printing of medical implants. VESTAKEEP® filament featured 12% and 20% carbon fiber content, offering high strength, flexibility and ductility. Applied as 3D medical implants, it can be used in bone plates and other reconstructive prostheses. Growing utilisation of smart materials in developing compatible, lightweight, and durable implants in one of the most significant trends in the market, helping to curb the rising bio implants market demand.
In recent years, technical advancements and a better understanding of human anatomy has led to development of several innovative products. With surface engineering of bio-implants, the market has been flourished with sustainable implants. These not only help in expedited healing, but also provide solutions for a diverse range of consumers, including aging patients and those suffering from osteoporosis and diabetes. One such example is UV-treated bio implants, developed by a team of UCLA School of Dentistry researchers in November 2023. The ultraviolet light treated titanium implants are expected to hold a significant bio implants market share in coming years. It exhibits up to 60% bacterial susceptibility and highly accurate bone integration. It also reduces the risk of complications, side effects while promoting faster healing.
Other factors that impact the market dynamics consist of the growing adoption of bioimplants therapies in the healthcare sector, increased patient awareness, and improvements in the regulatory landscape. Moreover, emphasis on improving the healthcare infrastructure for enhanced patient experience also impact the market scenario positively.
| Key Trend | Impact |
| Technological Advancements | Due to the technological advancements occurring in the bio implant materials and manufacturing processes, the market has expanded significantly. The biocompatible material which can be integrated seamlessly with human tissue has revolutionized the field by reducing the risk of rejection and extending the lifespan of implants. |
| Growing Demand for Orthopedic Implants | The surge in demand for bio implants has increased due to the rise in musculoskeletal disorders like osteoporosis and arthritis, especially in the geriatric population. The implants are used to restore mobility in joint replacements, and therefore, improve quality of life for millions of people. With the growing geriatric population and increasing prevalence of orthopedic disorders, the bio implants market demand is estimated to elevate in the forecast period. |
| Increase in Cardiovascular Implants | The cardiovascular implants including stents, pacemakers, and structural cardiac implants are in demand as the global burden of cardiovascular diseases is increasing. The rise in lifestyle changes, aging population, and an increased prevalence of diabetes and hypertension results in cardiovascular diseases, hence, appropriate intervention is a key area of attention amongst researchers. |
| Expansion into Emerging Economies | The improving healthcare infrastructure, rising healthcare expenditures, and growing public awareness of advanced medical treatments have accelerated the expansion of the market share into emerging economies. |
Market Breakup by Product
The market segmentation by product includes autografts, allografts, and xenografts. These products cater to specific clinical demands and patient needs, providing unique benefits. Autografts carry a lower risk of rejection and are primarily incorporated in dental, orthopedic or reconstruction surgeries. Allografts offer an advantage of tissue preservation. It is mostly used in cases of burn, skin grafting, and ligament repair. Xenografts carry a burden of ethical consideration as well as higher risk. One of the successful examples of xenografts in clinical settings is the porcine heart valve.
Market Breakup by Application
The applications of bioimplants include cardiovascular, orthopedic, dental, spinal, and ophthalmic implants along with other soft tissues implants. The diverse application of bio implants is likely to boost its market share.
Market Breakup by Material
By material, the bio implants market share is segmented into biomaterials metal and alloys, polymers, and other materials. Incorporating the right choice of material is crucial as it impacts the functionality and determines the long-term success of the implant. Improvements in existing material and development of new ones are driven by the requirement of efficient, biocompatible, and durable implants.
Market Breakup by Region
The market report offers insights into major regional markets including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America leads the market segment which can be attributed to the presence of an advanced healthcare infrastructure along with heightened patient awareness which enables more people to seek bioimplant treatment options. Asia Pacific, on the other hand, is likely to witness expedited growth in the forecast period.
The key features of the market report include patent analysis, grants analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market attained a value of about USD 122.8 billion in 2023 driven by the rising demand of implants in managing cardiovascular diseases and orthopedic disorders across the globe.
The market is anticipated to grow at a CAGR of 9.56% during the forecast period of 2024-2032, likely to reach a market value of USD 275.4 billion by 2032.
Heightened patient awareness and increased healthcare expenditure are fuelling the demand for the market.
The increasing application of smart materials in developing bio implants is one of the significant market trends. For instance, in November 2023, UCLA School of Dentistry researchers developed ultraviolet (UV) light treated titanium implants, which exhibit up to 60% bacterial susceptibility while reducing the risk of complications.
Based on the product, the market is segmented into autografts, allografts, and xenografts.
Materials used in developing bioimplants include biomaterials metal and alloys, and polymers, among others.
Application areas of bioimplants include cardiovascular, orthopedic, dental, spinal, ophthalmic, and other soft tissue implants.
The major regions of the market include North America, Europe, Asia Pacific, Latin America, Middle East, and Africa.
Key players involved in the market are aap Implantate AG, Abbott Laboratories, Bausch & Lomb Incorporated, BIOTRONIK Inc., Edwards Lifesciences Corporation, LifeNet Health, MiMeDX, Smith & Nephew PLC, Zimmer Biomet., Boston Scientific Corporation, and Stryker Corporation.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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