The global bio-implants market is anticipated to grow at a significant CAGR during the forecast period (2021-2027). Bio-implants are prostheses that are made up of biosynthetic materials such as collagen, and tissue-engineered products such as artificial skin or tissues and are used to regularize physiological functions. The major factor for the growth of the market is the increasing prevalence of chronic disease coupled with the rising geriatric population. According to the Center for Disease Control and Prevention (CDC), in 2018, 129 million or 51.8% of noninstitutionalized adults had been diagnosed with at least 1 of 10 selected chronic conditions. Additionally, 24.6% (61 million) of adults had 1 chronic condition, and 27.2% (68 million) had equal or more than 2 chronic conditions. Furthermore, according to the Department of Economic and Social Affairs, there were 703 million people aged 65 years or over globally in 2019 which is anticipated to double to 1.5 billion in 2050. Hence, the increasing prevalence of chronic disease and rising geriatric population is increasing the demand for bio-implants as these are utilized to increase the functioning of current biological structure for the treatment of the cause of several chronic diseases including dental issues, cardiovascular diseases (CVDs), ophthalmic complications, and neurological disorders.
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Some major players in the market include Stryker Corp., Johnson & Johnson Services, Inc., and Zimmer Biomet Holdings Inc., among others. The market players are contributing significantly to the growth of the market as they are focusing on various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in January 2021, Nobel Biocare launched Xeal and TiUltra surfaces in the US. These new surfaces are applied to implants and abutments, which optimizes tissue integration at every level.
Market Coverage
• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered-
· By Type
· By Material
• Regions Covered-
· North America
· Europe
· Asia-Pacific
· Rest of the World
• Competitive Landscape– Stryker Corp., Johnson & Johnson Services, Inc., and Zimmer Biomet Holdings Inc., among others.
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Global Bio-Implant Market Report by Segment
By Type
· Cardiovascular Implants
· Spinal Implants
· Orthopedic Implants
· Dental Implants
· Ophthalmic Implants
· Other
By Material
· Metallic
· Ceramic
· Polymer
· Biological
Global Bio-Implant Market Report by Region
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
· Latin America
· Middle East & Africa
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