Market Research Report
Global Bio Implant Market Insights, Opportunity, Analysis, Market Shares And Forecast 2016 - 2022
|Published by||Occams Business Research & Consulting Pvt. Ltd.||Product code||369213|
|Published||Content info||140 Pages
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|Global Bio Implant Market Insights, Opportunity, Analysis, Market Shares And Forecast 2016 - 2022|
|Published: September 7, 2016||Content info: 140 Pages||
The Global Bio Implant Market is estimated to grow around $ 78.24 billion in 2016 and it is forecasted to reach around $ 149.17 billion by 2022 at a CAGR of 11.57%during the forecasted period of time. Bio implant has come up with a promising solution for the variety of conditions like cardiovascular, dental or ophthalmology etc. Increasing usage of applications in Bio Implant market is like CVD, orthopedic etc. And it also helps in fuelling this global Bio Implant market.
The Bio Implant market is forecasted to grow at higher rate in future due to rapid growth and rising medical tourism in all over the world. Rise in minimally invasive surgeries would be the other major factor which helps in propelling the growth of the global bio implant market. Although there are many factors which drive this market, but still there are various restraints which are faced by the market such as huge cost associated with every bio-implant etc. which immensely affects the growth of the market. There are also some challenges which are faced by global Bio Implant market are Emerging markets are price sensitive which may affect the global extension of global bio-implant market etc.
The global Bio Implant market is segmented on the basis of material, type and by geography. On the basis of material, the market is segmented into ceramics, biomaterial metal, alloys, polymers, biological materials etc. Among all materials, biomaterial is expected to experience robust growth in near future due to rising demand of bio products across the globe and which also helpful in the growth of the global bio implant market. On the basis of type, the market is segmented into cardiovascular implant, stents implants, structural cardiac implant, orthopedics & trauma implants, spinal implants, dental implants, neurostimulators implants, other implants etc. Among all type, Cardiac implants hold the largest market share due to growing number of patients suffering from cardiovascular diseases etc. which are mainly used to maintain the functions of heart and also helpful in the growth of the market. On the basis of geography, Europe, Asia Pacific North America, and ROW are the major segments of this global Bio Implant market. North America region holds the largest market share in Bio Implant market due to rising aging population etc. whereas, Asia is experiencing significant growth due to growing healthcare expenditure and rising concern of the government which helps in propelling the growth of the market in next 5 to 6 years.
Some of the major players of the market include Medtronic Inc, AAP implantate AG, Bausch & Lomb incorporated, Biotronik SE & Co. KG, Abbot laboratories, Boston scientific corporation, Crook group Inc, CR Bard Inc, Biomet Inc, Toshiba Corporation, Edwards's life sciences Corporation, Endo health solutions Inc, Johnson & Johnson, GE healthcare and so on. Mergers, product launches, Innovation and expansion are some of the key strategies adopted by the market players. On 27th March 2015, Johnson & Johnson has announced its collaboration with Google for the purpose of advance surgical robots.