The global bio-implants market is projected to grow at a significant CAGR of 8.5% during the forecast period (2024-2031). The bio-implant is used directly to align the organ or joints and in replacement processes. The bio-implants available on the market are one-of-a-kind and meet specific requirements. Biomaterial selection, biomechanics, tissue biology, and physical activity all have a role in the efficacy of any bio implant. Furthermore, factors such as an increase in the incidence of diabetes, heart disease, and dental problems are driving the bio-implant market because they have the potential to use bio-implants, and an increase in traffic accidents will cause the global bio-implant market to collapse. According to the American Chiropractic Association, over 65 million Americans suffer from lower back problems each year, with 8 out of every 10 Americans experiencing back pain at some point in their lives. Furthermore, the number of cases of ocular disease is increasing in the US. According to the National Eye Institute, the country has around 7.7 million diabetic retinopathy cases and 24 million cataract cases. By 2030, their numbers are predicted to rise to 11.3 million and 38 million, respectively. The overall demand for the bio-implants market is predicted to rise as the number of cases of chronic diseases rises.
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The key players operating in the market adopt various strategies including acquisition and mergers, partnerships and partnerships, introduction of new products, and research and development activities to stay competitive in the global market. For instance, in 2019 Spinal Kinetics Inc., a private producer, and engineer of lumbar disc and cervical prosthesis, was acquired by Orthofix International N.V.. Orthofix’s orthobiologics bio-implant product range was bolstered as a result of the move.
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Market Coverage
Segment Covered-
- By Application
- By End-Use
- By Materials
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape- including Arthrex Inc., Boston Scientific Corp., Dentsply Sirona Inc. Medtronic PLC, Zimmer Biomet Holding Inc, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How does COVID-19 impact the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Bio-implants Market Report Segment
By Type
- Cardiovascular
- Dental & Prosthetic Implants
- Orthopedic/Joint Reconstructions & Replacements
- Spinal Implants
- Others
By End-Use
- Hospitals
- Clinic
- Ambulatory Surgical Centers
By Material
- Metallic
- Ceramic
- Polymer
- Biological
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