Global Implantable Medical Devices Market 2015-2019
About implantable medical devices
Implantable medical devices are artificial implants used to replace, augment, or repair damaged tissues or organs. They are used in a wide range of applications including cosmetic, spinal, cardiovascular, ophthalmic, and neuro-stimulator implantation surgeries. These implants are made of different materials such as polymers, metals, ceramics, and biologics.
Technavio's analysts forecast the global implantable medical devices market to grow at a CAGR of 8.54% over the period 2014-2019.
Covered in this report
In this report, Technavio covers the present scenario and growth prospects of the global implantable medical devices market for 2015-2019. To calculate the market size, we consider revenue generated from the sale of the following: breast implants, dental implants, and facial implants.Technavio's report, Global Implantable Medical Devices Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report also presents the vendor landscape and a corresponding detailed analysis of the top five vendors in the market. In addition, it discusses the major drivers influencing market growth and the challenges faced by vendors and the market as a whole. It also examines key emerging trends and their influence on current and future market scenarios.
Technavio Announces the Publication of its Research Report – Global Implantable Medical Devices Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Implantable Medical Devices Market: Allergan, Johnson & Johnson, Nobel Biocare, Straumann and Stryker
Other Prominent Vendors in the market are: 3M Healthcare, Arion Laboratories, AQTIS Medical, Biomet, Bioha Laboratories, BioHorizons, Camlog Holding, CEREPLAS, Dentsply, Establishment Labs, GC, GROUPE SEBBIN, Guangzhou Wanhe Plastic Materials, Heraeus Holding, Hans Biomed, Implantech, Ivoclar Vivadent, Ideal Implant, Osstem Implant, POLYTECH Health & Aesthetics, Sweden & Martina, Spectrum Designs Medical, Silimed, Ulthera, and Zimmer Holdings.
Commenting on the report, an analyst from Technavio’s team said: “Medical aesthetics is a clinical subspecialty segment that focuses on improving appearance through cosmetic treatments, usually through minimally invasive procedures. The use of minimally invasive cosmetic procedures has resulted in more use of facial rejuvenation products, breast implant procedures, and dental implantation. Medical aesthetics is a growing segment in developed countries, especially among baby boomers. The number of skilled medical professionals who provide aesthetic medicine has increased in the last few years. With targeted marketing, both clinics and vendors can capitalize on the opportunities in this segment.”
According to the report, the market's growth is directly proportional to the rise in the elderly population. WHO reported in 2012 that more than 22% of the world's population will be over 65 by 2030 and two billion people will be aged 60 and above by 2050. As people age, the skin loses its ability to retain body fluids and collagen, leading to the formation of wrinkles. Facial wrinkles, folds, and lines can be minimized with the use of facial aesthetic products such as cosmetic implants and injectable fillers. People in the above age group are also susceptible to periodontal diseases, oral cancer, and gum infections. This leads to the increased need for dental implants. Cosmetic implantation surgeries for aesthetic reasons are also on the rise.
Further, the report states that high cost of implants is affecting the market growth.
Allergan, Johnson & Johnson, Nobel Biocare, Straumann, Stryker, 3M Healthcare, Arion Laboratories, AQTIS Medical, Biomet, Bioha Laboratories, BioHorizons, Camlog Holding, CEREPLAS, Dentsply, Establishment Labs, GC, GROUPE SEBBIN, Guangzhou Wanhe Plastic Materials, Heraeus Holding, Hans Biomed, Implantech, Ivoclar Vivadent, Ideal Implant, Osstem Implant, POLYTECH Health & Aesthetics, Sweden & Martina, Spectrum Designs Medical, Silimed, Ulthera, Zimmer Holdings.