Bio-Implants Market is projected to grow at a significant CAGR of 8.5% during the forecast period. Bio-implants are biosynthetic substances that are utilised in medical applications to repair or replace fractured or broken bones, as well as to help with the treatment of damaged bone. The prosthetic fabric’s main purpose is to restore balance to bone fractures and to aid the internal components of bone repair by limiting tiny movements in the bone’s visible connective tissue. Titanium and its alloys, which are frequently utilised as surgical implants due to their high corrosion resistance, exceptional strength, and biocompatibility compatibility, are among the metals used in bio-implants.
Furthermore, rising surgical procedures, rising health-care costs, increased adult populations, increased sports-related injuries, increased scientific facilities, and increased chronic diseases are only a few factors that could improve the global market for bio-implants.
The impact of COVID-19 on the global market has been negative due to the postponement of selected cardiovascular processes around the world as the number of hospital visits declined and due to the decline in diagnostic procedures around the world, since the start of the pandemic, routine tests and diagnoses have been postponed. While a few processes are considered urgent, some of them have been postponed due to the ongoing COVID-19 pandemic.
The global bio-implants market is segmented based on type, material, and end-use. Based on the type, the market is sub-segmented into cardiovascular, dental &prosthetic implants, orthopedic/joint reconstruction &replacements, spinal implants, and others. Based on the material, the market is sub-segmented into ceramics, polymers, alloys, and biomaterials metal. Based on the end-user, the market is sub-segmented into hospitals, clinics, and ambulatory surgical centers. Among these, the cardiovascular segment is anticipated to propel the growth of the market over the forecast period, as the increase in the incidence of chronic heart diseases such as heart failure and coronary artery disease (CAD) is one of the key drivers of the bio-implant market growth
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Bio-Implant Market Segmentation
By Types
- Cardiovascular
- Dental & Prosthetic Implants
- Orthopedic/Joint Reconstruction
- Spinal Implants
- Others
By End-Use
- Ambulatory Surgical Centers
- Clinics
- Hospital
By Material
- Metallic
- Ceramic
- Polymer
- Biological
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Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
Company Profiles
- Alpha-Bio Tec Ltd.
- Boston Scientific Corp.
- Cochlear Ltd.
- Endo International plc.
- Exactech Inc.
- Groupe SEBBIN SAS
- Johnson & Johnson Services, Inc.
- LifeNet Health, Inc.
- Medtronic Inc
- Nobal Biocare Services AG.
- Orthofix Inc.
- OSSIO Inc.
- Organogenesis Holdings Inc.
- Stryker Corp.
- Smith & Nephew plc
- Wright Medical Group N.V.
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