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Published Date: September, 2019

Medical Implants Market (Type - Cardiac Implants, Orthopedic Implants, Cosmetic Implants, Spinal Implants, Ophthalmic Implants, Dental Implants, and Other Types; Type of Material - Metallic Material, Ceramic Material, Polymers Material, and Other Materials; End-users - Hospitals & Clinics, Research Laboratories, and Other End Users): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025

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A recent report published by Infinium Global Research on medical implants market provides an in-depth analysis of segments and sub-segments in the global as well as regional medical implants market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional medical implants market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global medical implants market. According to the report, the global medical implants market is projected to grow at a CAGR of 5.9% over the forecast period of 2019-2025.

Market Insight

The growing influence of the chronical diseases, accidents, beauty consciousness around the world and increasing demand to remove that illness permanently is helping to grow the medical implants market. These devices are placed inside the living bodies for short term or permanently. These devices are used for several purposes such as therapeutic, diagnostic and monitoring purposes. These implants are an artificial alternative to support human life and are easily available to replace a particular organ. These are made of different biomaterial ingredients such as apatite, titanium, silicone, and others. Further, these devices have several applications, which range from cardiovascular, orthopedic, sensory, electric, cosmetic, to contraception.

The growing awareness about the different type of medical implants among healthcare professionals and simultaneously increasing disposable income among the consumers are helping to grow the demand for the medical implants market around the world. Further, increasing support from the medical health insurance companies to support the major critical health issues are facilitating the growth of the medical implants market around the world. Additionally, growing government support to provide medical insurance coverage to the downtrodden people in the society for their better health is catalyzing the demand of the medical implants market. However, the cost factor of the medical implants and scarcity of the trained health care professional to place the medical implants inside the body in the potential region is restricting the growth of the market for the short term. The increasing influx of medical implants manufacturing companies in the developing countries is expected to boost the demand of medical implants in the developing countries.

Geographically, the medical implants market is segmented into four regions namely North America, Europe, the Asia Pacific and RoW. North America is the largest player of the medical implants market, owing to the presence of a large number of medical implant manufacturing companies in this region. Additionally, the government keen interest to provide modern medical facilities to its nationals through government support is helping to grow this market in this region. The Asia-Pacific medical implants market is expected to grow at the highest CAGR during the forecast period, owing to increasing awareness among the consumers about these type of devices and availability of trained healthcare professionals in the major cities.

Segment Covered

The report on global medical implants market covers segments such as type, type of material, and end-users. On the basis of type, the sub-markets include cardiac implants, orthopedic implants, cosmetic implants, spinal implants, ophthalmic implants, dental implants, and other types. On the basis of type of material, the sub-markets include metallic material, ceramic material, polymers material, and other materials. On the basis of end-users, the sub-markets include hospitals & clinics, research laboratories, and other end users. 

Companies Profiled:

The report provides profiles of the companies in the market such as Stryker Corporation, Zimmer Biomet, 3M, Johnson & Johnson Services, Inc, Straumann, Smith & Nephew, Boston Scientific, Medtronic, and Dentsply. 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of medical implants market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.

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