The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s bio-implants market report forecasts the bio-implants market size to grow to $167.52 Billion by 2027, with a CAGR (compound annual growth rate) of more than 9%.

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Bio-Implants Market Size Forecast
The global bio-implants market 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 Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The bio implants market size is expected to reach $167.52 billion in 2027 at a CAGR of 9.25%.

North America held the largest bio-implants market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Bio-Implants Market Driver ­– Increase In The Prevalence Of Chronic Conditions
For instance, according to data published in April 2021 by the World Health Organization, a Switzerland-based health organization for international public health, 41 million people die every year due to chronic diseases globally, close to 71% of all deaths. Therefore, the increasing prevalence of chronic conditions is fueling the growth of the bio-implant market.

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Key Bio-Implants Market Trend – Technical Developments
Major players are concentrating on developing innovative biomaterial technology, such as 3D printing for bio-implant systems. 3D-printing technology of biomaterials is a type of additive manufacturing that produces 3D structures that function as 3D tissues using cells and biomaterials rather than conventional metals and polymers. For instance, in March 2022, Evonik Industries AG, a Germany-based speciality chemicals company, launched osteoconductive VESTAKEEP iC4800 3DF PEEK filament based on 3D-printing technology for 3D printed implants. It offers enhanced osteointegration between the bone and implant for quicker bone healing, and impressive biocompatibility, biostability, and enhanced osteoconductive qualities characterize the high-performance polymer.

Bio-Implants Market Segment
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

Bio-Implants Market Major Players and Strategies
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, Smith & Nephew PLC., B Braun, Victrex PLC., Straumann Group, Danaher Corporation, Cardinal Health Inc., Organogenesis Holdings Inc., Exactech Inc., and Osprey Medical Inc.

In August 2022, CONMED Corporation, a US-based medical technology company, acquired Biorez Inc. for an undisclosed amount. The acquisition will help CONMED to grow its sports medicine portfolio with the addition of Biorez. Biorez Inc. is a US-based medical device start-up.

The Bio-Implants Global Market Report 2023 covers regional data on bio-implants market size, bio-implants market trends and drivers, opportunities, strategies, and bio-implants market competitor analysis. The countries covered in the bio-implants market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Bio implants are prosthesis or artificial medical devices that replace missing tissues and supports a damaged biological structure to improve biological functions of the body and are made up of material obtained of human or animal origin or biosynthetic materials. The bio-implants are used to assist and regularize human physiological functions.

View More Reports Related To The Bio-Implants Market –
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Electrosurgical Devices And Equipment Global Market Report 2023
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