Bio-implants are bioengineered products made up of biosynthetic materials such as collagen and tissue-engineered products like artificial skin and tissue. Bio-implants are used in organ transplantation and replacement of tissues. Bio-implants find application in cardiovascular, orthopedic, neurological, dental, and other areas. Increasing aging population is one of the key factors driving the bio-implants market owing to the fact that aged people are more susceptible to chronic diseases, such as cardiovascular diseases, orthopedic disorders, endovascular diseases, and dental disorders.
Increasing geriatric population base and rising incidences of chronic conditions such as cardiovascular diseases, osteoarthritis, neuropathic (Alzheimer\'s and Parkinson\'s disease) and congenital diseases are the vital drivers for this market. Advanced technologies including 3D printing, laser technology and nanotechnology deployed to manufacture bio implants significantly enhance their biocompatibility, therefore, is expected to fuel the market growth during the forecast period. Bio implants includes biological implants (cell therapy, tissue engineering), biologised implants (technical implants, In-vivo cell lining) and bio functionalized implants (drug eluting stents). North America was the largest market, followed by Europe, and Asia. The U.S. market is expected to face a slump in the coming years due to austerity measures taken by the Federal Government and rise in taxation caused due to the economic crisis of 2008. Uncertainty also prevails in the European region with the Euro crisis; hence, growth is expected to be minimal in this region for the next five years. Asia, however, will showcase higher growth mainly due to large investments from foreign firms and government funding.
The Global Bioimplants Market was valued at xxx million USD with a CAGR xx% from 2015-2019. Subsequently, it will touch xxx million USD in 2020 with a CAGR xx % from 2020 - 2026.
In the global Bioimplants Market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the Market on the basis of application, type, regions, and manufactures.
In Market segmentation by manufacturers, the report covers the following companies-
Abbott
DePuy Synthes
Medtronic
Stryker
Zimmer Biomet
In Market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
In Market segmentation by types :
Cardiovascular Bio-Implants
Dental Bio-Implants
Ophthalmic Bio-Implants
Neurostimulation Bio-Implants
Orthopedic Bio-Implants
Others
In Market segmentation by applications :
Hospitals
ASCs
Research Institutions
The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Bioimplants Market for the forecast period 2020 - 2026?
• What are the driving forces in the Bioimplants Market for the forecast period 2020 - 2026?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Bioimplants industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?