The global Biological Implants Market research report provides complete insights on industry scope, trends, regional estimates, key application, competitive landscape and financial performance of prominent players. It also offers ready data-driven answers to several industry-level questions. This study enables numerous opportunities for the market players to invest in research and development.
Market Overview:
Global Biological Implants Market is expected to reach USD 9.8 billion by 2024. Biological Implants are termed as man-made medical devices developed to replace a missing biological structure, enhance an existing biological structure, or support a damaged biological structure. They are exclusively used in several clinical disciplines to stabilize or replace organs.
Key Players:
- Integra LifeSciences Corporation
- NuVasive, Inc
- Edward LifeSciences Corporation
- Stryker Corporation
- LifeCell corporation
- Medtronic
- RTI Surgical, Inc
- BioPolymer GmbH & Co. KG
- Johnson & Johnson
- Baxter International, Inc.
- Vericel Corporation
- Alphatec Spine, Inc
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Growth Drivers:
The Biological Implants Market is estimated to grow at a significant CAGR of 7.6% over the forecast period as the scope and its applications are rising enormously across the globe. Enhanced healthcare sector & modern infrastructure with the latest technology, growing awareness among populace regarding the advantages of biological implants, and growth in road accidents and sports injuries are documented as the major factors of Biological Implants Market that are expected to drive the growth in the years to come. However, high cost of implants may restrain overall market growth. Biological Implant Market is segmented based on muscle/tissue type, origin, mode of administration, material, and region.
Product Outlook:
- Autografts
- Allografts
- Xenografts
Application Outlook:
- Cardiovascular Implants
- Orthopedic Implants
- Other Soft Tissue Implants
Cardiovascular bio-implants sector accounted for the significant market share of Biological Implants and is estimated to lead the overall market in the upcoming period. This may be because of growing occurrence of obesity, diabetes, and hereditary diseases, high blood pressure, and lack of physical exercise.
Mode of Administration:
- Surgical
- Injectable
Regional Outlook:
Globally, North America may account for the substantial market share of Biological Implants and is estimated to lead the overall market in the near future. The reason behind the overall market growth could be developed healthcare infrastructure with the latest technology and presence of key manufacturers in the region.
Instead, Europe and the Asia Pacific are also estimated to have a positive influence on the future growth. Europe is the second largest region with significant market share. This may be because of growing geriatric population and technological enhancement. However, Asia Pacific is estimated to grow at the highest CAGR in the forecast period. The aspects that may be ascribed to the growth comprise developing healthcare infrastructure, growing occurrence of chronic diseases, and increasing aging populace. The developing countries like India and China are the major consumers of Biological Implants in this region.
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