What Is The Forecast Growth Rate For The Bio-Implants Market?
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The global bio-implants market size is expected to grow from $105.64 billion in 2022 to $117.60 billion in 2023 at a compound annual growth rate (CAGR) of 11.32%. The bio implants market size is expected to reach $167.52 billion in 2027 at a CAGR of 9.25%.
Bio implants are prostheses or artificial medical devices that replace missing tissues and support a damaged biological structure in order to improve biological functioning of the body. They are made of human or animal tissue or biosynthetic materials. Bio-implants are utilised to help and stabilise human physiological functions.
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Bio-Implants Market Driver
The rising frequency of chronic diseases is projected to drive the bio-implant market in the coming years. Chronic disorders, such as cardiovascular disease and arthritis, are medical conditions that last a year or longer, necessitate ongoing medical treatment, and limit daily activities. Bio-implants are utilised in the management and monitoring of chronic disorders in order to reduce the mortality rate caused by chronic diseases.
Bio-Implants Market Trends
The primary trends gaining traction in the bio-implant industry include technological advancements. Major businesses are focussing their efforts on the development of novel biomaterial technology, such as 3D printing for bio-implant systems. Biomaterials 3D printing is a sort of additive manufacturing that creates 3D structures that operate as 3D tissues by using cells and biomaterials rather than traditional metals and polymers.
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Major Players And Regions Of The Bio-Implants Market
Major players in the bio-implants market are Medtronic PLC., Stryker Corporation, Zimmer Biomet Holdings Inc., Dentsply Sirona PLC., Johnson & Johnson, Arthrex Inc., Boston Scientific Corporation.
North America was the largest region in the bio-implants market in 2022.
Bio-Implants Market Segmentation By The Business Research Company
The global bio-implants market is segmented –
1) By Type: Cardiovascular Implants, Dental Implants, Spinal Bio-Implants, Orthopaedic Implants, Ophthalmic Implants, Other Types
2) By Material: Metallic, Ceramic, Polymer, Biological
3) By Origin: Allograft, Autograft, Xenograft, Synthetic
4) By End-User: Ambulatory Surgical Centers, Clinics, Hospital, Other End-Users
The Table Of Content For The Bio-Implants Market Include:
1. Bio-Implants Market Executive Summary
2. Bio-Implants Market Segments
3. Bio-Implants Market Size And Bio-Implants Market Growth Rate
4. Key Bio-Implants Market Trends
5. Major Bio-Implants Market Drivers
……
25. Key Mergers And Acquisitions In The Bio-Implants Market
26. Top Bio-Implants Companies
27. Bio-Implants Market Opportunities And Strategies
28. Bio-Implants Market, Conclusions And Recommendations
29. Appendix
The Bio-Implants Market Global Market Report 2023 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the bio-implants market.
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