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Bio-Implants Market

Market Insights on Bio-Implants covering sales outlook, demand forecast & up-to-date key trends

Bio-implants Market By Type of Bio-implant (Cardiovascular Implants, Spinal implants, Orthopedic Implants, Dental Implants, Ophthalmic Implants, and Other Implants), Therapeutic Area (Orthopedics, Dental, Ophthalmic, Others) & Region - Forecast 2022-2032

Bio-Implants Market Overview

The bio-implants market is anticipated to record a CAGR of 10% during the forecast period, up from US$ 115.8 Bn in 2020 to reach a valuation of US$ 363.43 Bn by 2032.

The bio-implants Market is anticipated to show promising growth prospects during the forecast period due to the rapidly improving healthcare infrastructure in developed as well as developing regions.

Attributes

Details

Bio-implants Market Value (2020)

US$ 115.8 Bn

Bio-implants Market Value (2032)

US$ 363.43 Bn

CAGR (2022-2032)

10%

Sales of bio-implants are expected to rise due to an increase in the world's senior population, which is the major end-user of these implants. Furthermore, technical developments and increased knowledge regarding the success of cosmetic implantations are driving market expansion.

In addition to this, demand for bio-implants is rising due to the increasing frequency of cardiovascular and orthopedic disorders, cardiac pacemakers and the high demand for orthopedic artificial implants.

Increasing dental implants are one of the most important contributors to the growth of the bio-implants market. A surge in dental problems throughout the world is also projected to contribute to the growth of the bio-implants market share.

Some of the key bio-implants market trends promoting the demand for bio-implants include technological advancements and increasing awareness about the success of cosmetic implantations, which are providing a positive thrust to the bio-implants market growth.

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What are the Key Drivers in the Bio-implants Market Share?

The global bio-implants market is forecast to witness significant growth rates due to the rapidly improving healthcare infrastructure in developed and developing regions.

The increasing prevalence of chronic health disorders, especially in the aging population, coupled with rising disposable incomes is expected to increase the demand for bio-implants and propel the growth of the global bio-implants market.

The geriatric population is expected to double in 2030 as compared to 2010. This is a significant factor that is expected to determine the growth of dental bio-implants and orthopedic bio-implants.

By therapeutic area, orthopedics is the critical growth sub-segment in the global bio-implants market, which is projected to register a high CAGR among other sub-segments during the forecast period. The dental therapeutic area sub-segment is estimated to account for a significant share in the global bio-implants market.

Sabyasachi Ghosh
Principal Consultant
LinkedIn
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Which Region holds the Highest Growth Potential in the Bio-implants Market?

Depending on geographic regions, the global bio-implants market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa. North America is the largest market for bio-implants in terms of revenue due to many players in bio-implants and robust healthcare infrastructure.

North America and Europe together account for a significant share in the global bio-implants market. Europe is the second-largest bio-implant market owing to the technological advancements in healthcare and the considerably high geriatric population in the region.

The MEA region has witnessed mass production of bio-implants in diverse therapeutic areas, making the MEA a potential bio-implant market. Also, the bio-implants in the MEA bio-implant market are cheaper than the global prices and can meet domestic demand.

Who are the Key Players in the Bio-implants Market?

Some of the key market players identified in the global bio-implants market are LifeNet Health, Arthrex, Inc., Clinic Lemanic, Nobel Biocare Services AG, Osprey Biomedical Corporation, Alpha-Bio Tec, MiMedx Group, Inc, to name a few.

The global bio-implants market players are involved in collaborations, partnerships, mergers and acquisitions to enhance the product development process and expand the global bio-implant footprint.

Recent Developments

  • Orthofix International N.V. purchased Spinal Kinetics Inc. in March 2018, a privately held manufacturer and development of lumbar discs and prosthetic cervical discs. The acquisition was made to expand Orthofix's orthobiologics bio-implant product line.
  • MaterialsCare's 3D printing procedures for bio-implants are now only available to veterinarians; however, the business has said that the technology will be available to humans by the end of 2021.
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Scope of Report

Report Attribute

Details

Growth rate

CAGR of 10% from 2022 to 2032

Base year for estimation

2021

Historical data

2015 - 2020

Forecast period

2022 - 2032

Quantitative units

Revenue in USD billion, volume in kilotons, and CAGR from 2022 to 2032

Report coverage

Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis,

Segments covered

Type of Bio-implant, Therapeutic Area, Region

Regional scope

North America; Western Europe, Eastern Europe, Middle East, Africa, ASEAN, South Asia, Rest of Asia, Australia and New Zealand

Country scope

U.S.; Canada; Mexico; Germany; U.K.; France; Italy; Spain; Russia; Belgium; Poland; Czech Republic; China; India; Japan; Australia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; Iran; South Africa

Key companies profiled

LifeNet Health, Arthrex, Inc., Clinic Lemanic, Nobel Biocare Services AG, Osprey Biomedical Corporation, Alpha Bio Tec, MiMedx Group.

Customization scope

Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs.

Frequently Asked Questions

The bio-implants market is predicted to register a CAGR of 10% during the forecast period.

Key players holding substantial Bio-implants Market share include LifeNet Health, Arthrex, Inc., Clinic Lemanic, Nobel Biocare Services AG, Osprey Biomedical Corporation, Alpha Bio Tec, MiMedx Group.

As per the analysis, the bio-implants market share is likely to be US$ 363.43 Bn by 2032.

Demand for Bio-implants is likely to rise due to increasing prevalence of chronic health disorders, especially in the aging population, coupled with rising disposable incomes.

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Sabyasachi Ghosh
Principal Consultant
LinkedIn
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