Global Bio-implants Market - Segmented by Type of Bio-implants, Material, Origin, and Geography - Growth, Trends and Forecast (2018 - 2023)

Global Bio-implants Market - Segmented by Type of Bio-implants, Material, Origin, and Geography - Growth, Trends and Forecast (2018 - 2023)

The global bio-implants market is expected to register a CAGR of around 8.5% during the forecast period, 2018 to 2023. Biological implants are used for restoring the biological structure of the body by replacement, supporting, or enhancing missing, damaged, or existing biological structure. They do not necessarily require incisions but are pressed against the human body organ. With well-established healthcare infrastructure and rising healthcare expenditure, North America is expected to dominate this market.

Rising Incidences of Chronic Diseases and Lifestyle Disorders

The market of bio-implants is primarily driven by the rising incidence of chronic diseases and lifestyle-related disorders. Bio-implants help in better management and specific drug delivery in conditions, such as obesity, infections, and musculoskeletal disorders. For example, bio-implants provide a unique and specific drug delivery for the skeletal system. In case of chronic osteomyelitis and deep soft-tissue infections, beads and spacers with high antibiotic concentrations are useful in treatment, by avoiding systemic side effects. Other factors, such as rise in geriatric population, rising preference for minimally invasive surgeries, advancements in bioengineering technologies and rising awareness regarding cosmetic implants also drive the bio-implants market.

Unfavorable Reimbursements Issues

The reimbursement issue is one of the major problems being tackled by many hospitals and patients operating on bio-implants. This is one of the major factors that hinders the growth of this market. For example, in case of spine surgeries, the hospitals lose a lot of money due to lack of proper reimbursements. Similarly, Medicare covers only the diagnostic audiology services in case of cochlear and brain stem implants. Hence, there has been a huge rise in the cost, whereas, reimbursement reduced. Others factors, such as infections and instability of bio-implants, also hamper the growth of this market.

Middle East & Africa (MEA) -A Potential Market during the Forecast Period

The MEA has witnessed a rising production of bio-implants, which makes it a potential market in the forecast period. North America is expected to have the largest market share for bio-implants due to a large number of payers in bio-implant and strong healthcare infrastructure. North America is followed by Europe, due to rising technological advancements and considerably high geriatric population in the region.

Key Developments in the Market

  • December 2017: Boston Scientific Corporation received US FDA approval for Vercise Deep Brain Stimulation (DBS) System
  • October 2017: Smith & Nephew plc entered into a definitive agreement to acquire Rotation Medical Inc., tissue regeneration technology for shoulder rotator cuff repair
  • September 2017: DePuy Synthes expanded implant offering for facial reconstruction with the launch of TRUMATCH Titanium 3D-Printed implants.

Reasons to Purchase the Report
  • Current and future of global bio-implants market outlook in the developed and emerging markets
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • The segment that is expected to dominate the market
  • Regions that are expected to witness the fastest growth during the forecast period
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet (in Excel)
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1. Introduction
1.1 Market Definition
2. Research Methodology
3. Executive Summary
4. Key Inferences
5. Market Overview
5.1 Current Market Scenario
5.2 Porter's Five Forces Analysis
5.2.1 Bargaining Power of Suppliers
5.2.2 Bargaining Power of Consumers
5.2.3 Threat of New Entrants
5.2.4 Threat of Substitute Product and Services
5.2.5 Competitive Rivalry within the Industry
6. Drivers, Restraints, Opportunities and Challenges Analysis (DROC)
6.1 Market Drivers
6.1.1 Rise in the Geriatric Population
6.1.2 Rising Incidences of Chronic Diseases and Lifestyle Disorders
6.1.3 Rising Preference towards Minimally Invasive Surgeries
6.1.4 Advancements in Bioengineering Technologies
6.1.5 Rising Awareness Regarding Cosmetic Implants
6.2 Market Restraints
6.2.1 High Cost of Bio-implants
6.2.2 Unfavourable Reimbursement Issues
6.2.3 Instability of Bio-implants
6.3 Opportunities
6.4 Key Challenges
7. Market Segmentation
7.1 By Type of Bio-implant
7.1.1 Cardiovascular Implant Stents Pacing devices Others
7.1.2 Dental Implants Plate Form Dental Implant Root Form Dental Implant
7.1.3 Spinal Bio-implants Thoracolumber Implants Interverteberal Spacers Cervical Implants Motion Preservation Implants Motion PreservationIimplants
7.1.4 Orthopaedic Implants Orthobiologics Trauma Implants Joint Replacement Implants Knee Replacement Implants
7.1.5 Ophthalmic Implants Glaucoma Implants Intraocular Implants
7.1.6 Others
7.2 By Material
7.2.1 Ceramics
7.2.2 Biomaterial Metal and Alloys
7.2.3 Polymers
7.3 By Origin
7.3.1 Allograft
7.3.2 Autograft
7.3.3 Xenograft
7.4 By Geography
7.4.1 North America United States Canada Mexico
7.4.2 Europe France Germany United Kingdom Italy Spain Rest of Europe
7.4.3 Asia-Pacific China Japan India Australia South Korea Rest of Asia-Pacific
7.4.4 Middle East & Africa GCC South Africa Rest of the Middle East & Africa
7.4.5 South America Brazil Argentina Rest of South America
8. Competitive Landscape
8.1 Mergers & Acquisition Analysis
8.2 Agreements, Collaborations, and Partnerships
8.3 New Products Launches
9. Key Players
9.1 Abbott
9.2 Boston Scientific Corporation
9.3 Dentsply Sirona
9.4 DePuy Synthes
9.5 Invibio Ltd
9.6 Medtronic Inc
9.7 Smith & Nephew plc
9.8 Stryker Corporation
9.9 Wright Medical Group NV
9.10 Zimmer Biomet
9.11 List Not Exhaustive
10. Future of the Market

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