PUBLISHER: Polaris Market Research | PRODUCT CODE: 1298037
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1298037
Bio-implant Market Size, Share & Trends Analysis Report by Product (Cardiovascular, Orthopedic, Dental, Spinal), By Material (Ceramics, Polymers, Biomaterial Metal, Alloys) Segment Forecasts, 2023 - 2032
The global bio-implant market size is expected to reach USD 327.87 billion by 2032, according to a new study by Polaris Market Research. The report "Bio-implant Market Size, Share & Trends Analysis Report by Product (Cardiovascular, Dental, Spinal), By Material (Ceramics, Polymers, Biomaterial Metal, Alloys) Segment Forecasts, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The increasing preference for bio-implant procedures over arthroscopy and other therapy therapies like physiotherapy is one of the key factors driving the market. This choice has emerged as a result of associated benefits like a higher success rate and biocompatibility. Rising orthopedic and cardiovascular disease (CVD) rates, a sizable geriatric population, shifting lifestyles, and the appeal of cosmetic procedures are additional factors pushing the market.
Growing public knowledge of cosmetic implants and improvements in bioengineering technologies are other factors driving the market. In many medical specialties, demand for non-surgical or slightly invasive bio-implants is rising. As an easier and more effective alternative to a root canal treatment, more and more dental patients are choosing to use bio-implants. An alarming rise in oral health issues will boost demand for bio-implants. For instance, according to WHO's 2021, Global Burden of Disease Study (GBDS), oral diseases were expected to impact roughly half of the world's population.
Technological advancements in bio-implant manufacturing, such as 3D printing, laser technology, and nanotechnology, have vastly improved the biocompatibility of these products. One of the main factors assisting these efforts is the rise in healthcare funding by governments worldwide.
The increasing incidence of cardiovascular diseases and the resulting demand for early diagnosis and treatment are expected to drive an increase in interventional cardiology procedures. As a consequence, the market for cardiovascular implants will grow. The majority of patients opt for heart surgery, but bio implants can also be used to address a variety of cardiovascular conditions.
Furthermore, it is predicted that an increase in product launches will spur the examined segment's growth over the forecast period. For instance, in May 2022 Impulse Dynamics unveiled a smart mini optimizer. It is a portable battery that tracks heart failure and provides doctors and other medical workers with critical clinical data to manage their heart failure patients.
Bio-implant Market Report Highlights
According to type, orthopedic implants had the highest market share in 2022. This can be attributed to factors like the rising prevalence of orthopedic diseases, the growing use of implants in orthopedic surgeries, and helpful government reimbursement schemes.
The market share leader for bio-implants in 2022 was the biomaterial metal category, and it is expected to remain so for the duration of the forecast. Benefits like higher tensile strength and corrosion resistance compared to other materials like ceramics and alloys are major growth factors for this market. Applications for biomaterial metals include pacemaker devices, dental implants, and joint replacement implants, to name a few.
North America is anticipated to dominate the global market due to factors like the rising demand for cutting-edge technologies across all medical specialties and the rising number of surgical procedures needing implants. According to the Organization for Economic Co-operation and Development's (OECD) Health Statistics, more than 1.4 million orthopedic procedures, including hip and joint replacement surgeries, were carried out in 2021 In the upcoming years, this figure is anticipated to increase. The local economy will undoubtedly benefit from this.
The global players include: Medtronic; St Jude Medical (Abbott); Stryker; DePuy Synthes; Zimmer Biomet; Organogenesis, Inc.; Arthrex, Inc.; Orthofix Holdings, Inc.; Cochlear Ltd.; Exactech, Inc.
Polaris Market Research has segmented the Bio-implant Market report based on product type, end-use, and region:
Bio-implant, Product Outlook (Revenue - USD Billion, 2019 - 2032)
- Cardiovascular Implants
- Orthopedic Implants
- Spinal Implants
- Dental Implants
Bio-implant, Material Outlook (Revenue - USD Billion, 2019 - 2032)
- Ceramics
- Polymers
- Alloys
- Biomaterial Metal
Bio-implant, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
- 2.1. Market Highlights
3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Bio-implant Market Insights
- 4.1. Bio-implant Market - Industry Snapshot
- 4.2. Bio-implant Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Growing incidences of chronic conditions
- 4.2.1.2. Technological Advancements to drive the market growth
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Stringent regulatory framework
- 4.2.1. Drivers and Opportunities
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Bio-implant Industry trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Bio-implant Market, by Product
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Bio-implant, by Product, 2019-2032 (USD Billion)
- 5.3. Cardiovascular Implants
- 5.3.1. Global Bio-implant Market, by Cardiovascular Implants, by Region, 2019-2032 (USD Billion)
- 5.4. Orthopaedic Implants
- 5.4.1. Global Bio-implant Market, by Orthopaedic Implants, by Region, 2019-2032 (USD Billion)
- 5.5. Spinal Implants
- 5.5.1. Global Bio-implant Market, by Spinal Implants, by Region, 2019-2032 (USD Billion)
- 5.6. Dental Implants
- 5.6.1. Global Bio-implant Market, by Dental Implants, by Region, 2019-2032 (USD Billion)
6. Global Bio-implant Market, by Material
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Bio-implant Market, by Material, 2019-2032 (USD Billion)
- 6.3. Ceramics
- 6.3.1. Global Bio-implant Market, by Ceramics, by Region, 2019-2032 (USD Billion)
- 6.4. Polymers
- 6.4.1. Global Bio-implant Market, by Polymers, by Region, 2019-2032 (USD Billion)
- 6.5. Alloys
- 6.5.1. Global Bio-implant Market, by Alloys, by Region, 2019-2032 (USD Billion)
- 6.6. Biomaterial Metal
- 6.6.1. Global Bio-implant Market, by Biomaterial Metal, by Region, 2019-2032 (USD Billion)
7. Global Bio-implant Market, by Geography
- 7.1. Key findings
- 7.2. Introduction
- 7.2.1. Bio-implant Market Assessment, By Geography, 2019-2032 (USD Billion)
- 7.3. Bio-implant Market - North America
- 7.3.1. North America: Bio-implant Market, by Material, 2019-2032 (USD Billion)
- 7.3.2. North America: Bio-implant Market, by Product, 2019-2032 (USD Billion)
- 7.3.3. Bio-implant Market - U.S.
- 7.3.3.1. U.S.: Bio-implant Market, by Material, 2019-2032 (USD Billion)
- 7.3.3.2. U.S.: Bio-implant Market, by Product, 2019-2032 (USD Billion)
- 7.3.4. Bio-implant Market - Canada
- 7.3.4.1. Canada: Bio-implant Market, by Material, 2019-2032 (USD Billion)
- 7.3.4.2. Canada: Bio-implant Market, by Product, 2019-2032 (USD Billion)
- 7.4. Bio-implant Market - Europe
- 7.4.1. Europe: Bio-implant Market, by Material, 2019-2032 (USD Billion)
- 7.4.2. Europe: Bio-implant Market, by Product, 2019-2032 (USD Billion)
- 7.4.3. Bio-implant Market - UK
- 7.4.3.1. UK: Bio-implant Market, by Material, 2019-2032 (USD Billion)
- 7.4.3.2. UK: Bio-implant Market, by Product, 2019-2032 (USD Billion)
- 7.4.4. Bio-implant Market - France
- 7.4.4.1. France: Bio-implant Market, by Material, 2019-2032 (USD Billion)
- 7.4.4.2. France: Bio-implant Market, by Product, 2019-2032 (USD Billion)
- 7.4.5. Bio-implant Market - Germany
- 7.4.5.1. Germany: Bio-implant Market, by Material, 2019-2032 (USD Billion)
- 7.4.5.2. Germany: Bio-implant Market, by Product, 2019-2032 (USD Billion)
- 7.4.6. Bio-implant Market - Italy
- 7.4.6.1. Italy: Bio-implant Market, by Material, 2019-2032 (USD Billion)
- 7.4.6.2. Italy: Bio-implant Market, by Product, 2019-2032 (USD Billion)
- 7.4.7. Bio-implant Market - Spain
- 7.4.7.1. Spain: Bio-implant Market, by Material, 2019-2032 (USD Billion)
- 7.4.7.2. Spain: Bio-implant Market, by Product, 2019-2032 (USD Billion)
- 7.4.8. Bio-implant Market - Netherlands
- 7.4.8.1. Netherlands: Bio-implant Market, by Material, 2019-2032 (USD Billion)
- 7.4.8.2. Netherlands: Bio-implant Market, by Product, 2019-2032 (USD Billion)
- 7.4.9. Bio-implant Market - Russia
- 7.4.9.1. Russia: Bio-implant Market, by Material, 2019-2032 (USD Billion)
- 7.4.9.2. Russia: Bio-implant Market, by Product, 2019-2032 (USD Billion)
- 7.5. Bio-implant Market - Asia Pacific
- 7.5.1. Asia Pacific: Bio-implant Market, by Material, 2019-2032 (USD Billion)
- 7.5.2. Asia Pacific: Bio-implant Market, by Product, 2019-2032 (USD Billion)
- 7.5.3. Bio-implant Market - China
- 7.5.3.1. China: Bio-implant Market, by Material, 2019-2032 (USD Billion)
- 7.5.3.2. China: Bio-implant Market, by Product, 2019-2032 (USD Billion)
- 7.5.4. Bio-implant Market - India
- 7.5.4.1. India: Bio-implant Market, by Material, 2019-2032 (USD Billion)
- 7.5.4.2. India: Bio-implant Market, by Product, 2019-2032 (USD Billion)
- 7.5.5. Bio-implant Market - Malaysia
- 7.5.5.1. Malaysia: Bio-implant Market, by Material, 2019-2032 (USD Billion)
- 7.5.5.2. Malaysia: Bio-implant Market, by Product, 2019-2032 (USD Billion)
- 7.5.6. Bio-implant Market - Japan
- 7.5.6.1. Japan: Bio-implant Market, by Material, 2019-2032 (USD Billion)
- 7.5.6.2. Japan: Bio-implant Market, by Product, 2019-2032 (USD Billion)
- 7.5.7. Bio-implant Market - Indonesia
- 7.5.7.1. Indonesia: Bio-implant Market, by Material, 2019-2032 (USD Billion)
- 7.5.7.2. Indonesia: Bio-implant Market, by Product, 2019-2032 (USD Billion)
- 7.5.8. Bio-implant Market - South Korea
- 7.5.8.1. South Korea: Bio-implant Market, by Material, 2019-2032 (USD Billion)
- 7.5.8.2. South Korea: Bio-implant Market, by Product, 2019-2032 (USD Billion)
- 7.6. Bio-implant Market - Middle East & Africa
- 7.6.1. Middle East & Africa: Bio-implant Market, by Material, 2019-2032 (USD Billion)
- 7.6.2. Middle East & Africa: Bio-implant Market, by Product, 2019-2032 (USD Billion)
- 7.6.3. Bio-implant Market - Saudi Arabia
- 7.6.3.1. Saudi Arabia: Bio-implant Market, by Material, 2019-2032 (USD Billion)
- 7.6.3.2. Saudi Arabia: Bio-implant Market, by Product, 2019-2032 (USD Billion)
- 7.6.4. Bio-implant Market - UAE
- 7.6.4.1. UAE: Bio-implant Market, by Material, 2019-2032 (USD Billion)
- 7.6.4.2. UAE: Bio-implant Market, by Product, 2019-2032 (USD Billion)
- 7.6.5. Bio-implant Market - Israel
- 7.6.5.1. Israel: Bio-implant Market, by Material, 2019-2032 (USD Billion)
- 7.6.5.2. Israel: Bio-implant Market, by Product, 2019-2032 (USD Billion)
- 7.6.6. Bio-implant Market - South Africa
- 7.6.6.1. South Africa: Bio-implant Market, by Material, 2019-2032 (USD Billion)
- 7.6.6.2. South Africa: Bio-implant Market, by Product, 2019-2032 (USD Billion)
- 7.7. Bio-implant Market - Latin America
- 7.7.1. Latin America: Bio-implant Market, by Material, 2019-2032 (USD Billion)
- 7.7.2. Latin America: Bio-implant Market, by Product, 2019-2032 (USD Billion)
- 7.7.3. Bio-implant Market - Mexico
- 7.7.3.1. Mexico: Bio-implant Market, by Material, 2019-2032 (USD Billion)
- 7.7.3.2. Mexico: Bio-implant Market, by Product, 2019-2032 (USD Billion)
- 7.7.4. Bio-implant Market - Brazil
- 7.7.4.1. Brazil: Bio-implant Market, by Material, 2019-2032 (USD Billion)
- 7.7.4.2. Brazil: Bio-implant Market, by Product, 2019-2032 (USD Billion)
- 7.7.5. Bio-implant Market - Argentina
- 7.7.5.1. Argentina: Bio-implant Market, by Material, 2019-2032 (USD Billion)
- 7.7.5.2. Argentina: Bio-implant Market, by Product, 2019-2032 (USD Billion)
8. Competitive Landscape
- 8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
- 8.2. Partnerships/Collaborations/Agreements/Exhibitions
9. Company Profiles
- 9.1. Medtronic
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Recent Development
- 9.2. St Jude Medical (Abbott)
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Recent Development
- 9.3. Stryker
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Recent Development
- 9.4. DePuy Synthes
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Recent Development
- 9.5. Zimmer Biomet
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Recent Development
- 9.6. Organogenesis, Inc
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Recent Development
- 9.7. Arthrex, Inc
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Recent Development
- 9.8. Orthofix Holdings, Inc
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Recent Development
- 9.9. Cochlear Ltd
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Recent Development
- 9.10. Exactech, Inc.
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Product Benchmarking
- 9.10.4. Recent Development
List of Tables
- Table 1 Global Bio-implant Market, by Material, 2019-2032 (USD Billion)
- Table 2 Global Bio-implant Market, by Product, 2019-2032 (USD Billion)
- Table 3 Bio-implant Market Assessment, By Geography, 2019-2032 (USD Billion)
- Table 4 North America: Bio-implant Market, by Material, 2019-2032 (USD Billion)
- Table 5 North America: Bio-implant Market, by Product, 2019-2032 (USD Billion)
- Table 6 U.S.: Bio-implant Market, by Material, 2019-2032 (USD Billion)
- Table 7 U.S.: Bio-implant Market, by Product, 2019-2032 (USD Billion)
- Table 8 Canada: Bio-implant Market, by Material, 2019-2032 (USD Billion)
- Table 9 Canada: Bio-implant Market, by Product, 2019-2032 (USD Billion)
- Table 10 Europe: Bio-implant Market, by Material, 2019-2032 (USD Billion)
- Table 11 Europe: Bio-implant Market, by Product, 2019-2032 (USD Billion)
- Table 12 UK: Bio-implant Market, by Material, 2019-2032 (USD Billion)
- Table 13 UK: Bio-implant Market, by Product, 2019-2032 (USD Billion)
- Table 14 France: Bio-implant Market, by Material, 2019-2032 (USD Billion)
- Table 15 France: Bio-implant Market, by Product, 2019-2032 (USD Billion)
- Table 16 Germany: Bio-implant Market, by Material, 2019-2032 (USD Billion)
- Table 17 Germany: Bio-implant Market, by Product, 2019-2032 (USD Billion)
- Table 18 Italy: Bio-implant Market, by Material, 2019-2032 (USD Billion)
- Table 19 Italy: Bio-implant Market, by Product, 2019-2032 (USD Billion)
- Table 20 Spain: Bio-implant Market, by Material, 2019-2032 (USD Billion)
- Table 21 Spain: Bio-implant Market, by Product, 2019-2032 (USD Billion)
- Table 22 Netherlands: Bio-implant Market, by Material, 2019-2032 (USD Billion)
- Table 23 Netherlands: Bio-implant Market, by Product, 2019-2032 (USD Billion)
- Table 24 Russia: Bio-implant Market, by Material, 2019-2032 (USD Billion)
- Table 25 Russia: Bio-implant Market, by Product, 2019-2032 (USD Billion)
- Table 26 Asia Pacific: Bio-implant Market, by Material, 2019-2032 (USD Billion)
- Table 27 Asia Pacific: Bio-implant Market, by Product, 2019-2032 (USD Billion)
- Table 28 China: Bio-implant Market, by Material, 2019-2032 (USD Billion)
- Table 29 China: Bio-implant Market, by Product, 2019-2032 (USD Billion)
- Table 30 India: Bio-implant Market, by Material, 2019-2032 (USD Billion)
- Table 31 India: Bio-implant Market, by Product, 2019-2032 (USD Billion)
- Table 32 Malaysia: Bio-implant Market, by Material, 2019-2032 (USD Billion)
- Table 33 Malaysia: Bio-implant Market, by Product, 2019-2032 (USD Billion)
- Table 34 Japan: Bio-implant Market, by Material, 2019-2032 (USD Billion)
- Table 35 Japan: Bio-implant Market, by Product, 2019-2032 (USD Billion)
- Table 36 Indonesia: Bio-implant Market, by Material, 2019-2032 (USD Billion)
- Table 37 Indonesia: Bio-implant Market, by Product, 2019-2032 (USD Billion)
- Table 38 South Korea: Bio-implant Market, by Material, 2019-2032 (USD Billion)
- Table 39 South Korea: Bio-implant Market, by Product, 2019-2032 (USD Billion)
- Table 40 Middle East & Africa: Bio-implant Market, by Material, 2019-2032 (USD Billion)
- Table 41 Middle East & Africa: Bio-implant Market, by Product, 2019-2032 (USD Billion)
- Table 42 Saudi Arabia: Bio-implant Market, by Material, 2019-2032 (USD Billion)
- Table 43 Saudi Arabia: Bio-implant Market, by Product, 2019-2032 (USD Billion)
- Table 44 UAE: Bio-implant Market, by Material, 2019-2032 (USD Billion)
- Table 45 UAE: Bio-implant Market, by Product, 2019-2032 (USD Billion)
- Table 46 Israel: Bio-implant Market, by Material, 2019-2032 (USD Billion)
- Table 47 Israel: Bio-implant Market, by Product, 2019-2032 (USD Billion)
- Table 48 South Africa: Bio-implant Market, by Material, 2019-2032 (USD Billion)
- Table 49 South Africa: Bio-implant Market, by Product, 2019-2032 (USD Billion)
- Table 50 Latin America: Bio-implant Market, by Material, 2019-2032 (USD Billion)
- Table 51 Latin America: Bio-implant Market, by Product, 2019-2032 (USD Billion)
- Table 52 Mexico: Bio-implant Market, by Material, 2019-2032 (USD Billion)
- Table 53 Mexico: Bio-implant Market, by Product, 2019-2032 (USD Billion)
- Table 54 Brazil: Bio-implant Market, by Material, 2019-2032 (USD Billion)
- Table 55 Brazil: Bio-implant Market, by Product, 2019-2032 (USD Billion)
- Table 56 Argentina: Bio-implant Market, by Material, 2019-2032 (USD Billion)
- Table 57 Argentina: Bio-implant Market, by Product, 2019-2032 (USD Billion)
List of Figures
- Figure 1 Global Bio-implant Market, 2019-2032 (USD Billion)
- Figure 2 Integrated Ecosystem
- Figure 3 Research Methodology: Top-Down & Bottom-Up Approach
- Figure 4 Market by Geography
- Figure 5 Porter's Five Forces
- Figure 6 Market by Material
- Figure 7 Global Bio-implant Market, by Material, 2022 & 2032 (USD Billion)
- Figure 8 Market by Product
- Figure 9 Global Bio-implant Market, by Product, 2022 & 2032 (USD Billion)
- Figure 10 Bio-implant Market Assessment, By Geography, 2019-2032 (USD Billion)
- Figure 11 Strategic Analysis - Bio-implant Market
