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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Bio Implants Market Trends
| 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. |
Bio Implants Market Report Snapshots
*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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Key Questions Answered in the Report
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