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 the 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.
The
growing influence of 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 the 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
increasing disposable income among the consumers is helping to grow the demand
for the medical implants market around the world. Further, the growing awareness
about the different types of medical implants among healthcare professionals
provides a growing demand for the market. Additionally, increasing support from
the medical health insurance companies to support the major critical health
issues is facilitating the growth of the medical implant market around the
world. Moreover, 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 implant inside the body in the potential region is
restricting the growth of the market for the short term. The increasing influx
of medical implant manufacturing companies in the developing countries is
expected to boost the demand of medical implants in the developing countries.
North
America holds the largest share of the medical implants market, owing to the
presence of the number of medical implant manufacturing companies in this
region. Additionally, the government initiatives to provide modern medical is
helping to grow the market in this region. The Asia-Pacific region is growing
with a healthy CAGR for the medical implants market owing to increasing
awareness among the consumers about these types of devices and the availability
of trained healthcare professionals in major cities.
The report on the 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 the type of material, the sub-markets include a 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.
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.
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.