by According to a research report “Medical Implants Market (By Product: Cardiovascular, Orthopedic, Neurostimulators, Spinal, Opthalmic, Facial, Dental, and Breast; By Biomaterial: Ceramic, Metallic, Polymers, and Natural) – Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2021 – 2030″ published by Precedence Research.
The medical implants market size is projected to touch USD 95.1 billion in 2022 and is forecasted to reach USD 145.6 billion by 2030, registering at a CAGR of 5.4% from 2021 to 2030.
The study provides an analysis of the period 2017-2030, wherein 2021 to 2030 is the forecast period and 2021 is considered as the base year.
The global medical implants market is primarily driven by the rising need for replacement or support of the bones, joints or other body tissues, owing to the rising prevalence of chronic diseases, rising cases of accidents & trauma, and growing geriatric population globally. According to the United Nations, there were around 382 million old age people, aged 60 years or above, across the globe in 2017 and this number is expected 2.1 billion by 2050.
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The old age people are prone to various chronic diseases such as cardiovascular diseases, endovascular diseases, orthopedic disorders, and dental disorders, which can foster the demand for the medical implants across the globe.The technological advancements in the healthcare industry has allowed the people to improve their looks and enhance their beauty by implanting medical devices such as dental implants, breast implants, pectoral implants, deltoid implants, and cochlear implants.
Table of Contents
Scope of the Medical Implants Market Report
| Report Highlights | Details |
| Market Size in 2020 | USD 86.3 Billion |
| Growth Rate | CAGR of 5.4% From 2021 to 2030 |
| Largest Market | North America |
| Fastest Growing Market | Asia Pacific |
| Base Year | 2021 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Product, Biomaterial, Region |
Market Dynamics
Driver
Rising demand for the minimally invasive surgeries
Minimally invasive surgeries are being performed for numerous health conditions such as degenerative spinal disorders, fractures, knee trauma, herniated discs, stenosis, and others. These type of surgeries may foster the usage of medical implants and expected to drive the market growth in the forthcoming years.
Restraints
Lack of skilled surgeons
There is an acute shortage of skilled and experienced surgeon in the low and middle income countries. As per the data published by the Lancet Commission on Global Surgery, more than 2 million surgeons are require in the middle and low income nation every year. Therefore, the lack of the skilled surgeons may restrict the adoption of the medical implants and may hinder the market growth.
Opportunities
Rising number of surgical centers and hospitals across the globe
The growing investments by the corporate sector and the government in the development of the hospitals especially in the developing and underdeveloped regions is expected to offer lucrative growth opportunities to the market players. The rising number of hospitals and surgical centers across the globe is expected to drive the adoption of the medical implants in the foreseeable future.
Challenges
Lack of awareness among the people
There is a lack of awareness among the population regarding the availability of technologically advanced medical implants. Spreading awareness among the people in the developing and underdeveloped countries is anticipated to be amajor challenge for the market players.
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Report Highlights
- Based on product type, the orthopedic segment dominated the market in 2020. The rising cases of road accidents and the growing geriatric population are the major causes that fuel the demand for the orthopedic surgeries and medical implants. Developing nations has a crucial role to play in the market growth in the future. According to the WHO, around 93% road accidents occur in low and middle income countries. Further, as per the UN, 80% of the global old age population will be staying in the low and middle income countries. These are the major market drivers.
- Based on the biomaterial, the metallic segment dominated the market in 2020. The increasing demand for the minimally invasive surgeries and increased awareness regarding the metallic medical implants has significantly boosted the demand for the metal implants across the globe. The metallic implants are extensively used as the support for the broken joints and damaged bones owing to its compatibility and strength.
Regional Snapshot
North America dominated the global medical implants market in 2020. The increased prevalence of various chronic diseases and increasing geriatric population in the region is a significant driver of the medical implants market. Further, the developed healthcare infrastructure in the region and rising popularity of the minimally invasive surgeries is anticipated to boost the market growth.
Further, the increased awareness regarding the various implants has positively contributed towards the growth of the market in North America. According to the CDC, approximately 64% of the US population of age between 18 years to 64 years, visited clinics related to their medical health in 2017. Hence, the rising number of clinical visits in US is another driving force may contribute towards the market growth.
Asia Pacific is estimated to be the fastest-growing market during the forecast period. The rising government expenditure in region for the development of advanced healthcare infrastructure in fueling the market growth. Moreover rising number of road accidents may drive the demand for medical implants.
According to the WHO, around 93% of the road traffic accident cases are recorded in the low and middle income countries. Moreover, the growing geriatric population in the region is another significant factor that is expected to drive the market growth in the upcoming future.According to the United Nations, around 80% of the global geriatric population is expected to be living in the low and middle income nations.
Some of the prominent players in the global medical implants market include:
- Medtronic Plc.
- Johnson and Johnson
- Boston Scientific Corporation
- Biotronik
- LivaNova PLC
- Globus Medical, Inc.
- NuVasive, Inc.
- Integra LifeSciences Holding Corporation
- InstitutStraumann AG
- Conmed Corporation
Segments Covered in the Report
By Product Type
- Cardiovascular
- Orthopedic
- Neurostimulators
- Spinal
- Opthalmic
- Facial
- Dental
- Breast
By Biomaterial
- Ceramic
- Metallic
- Polymers
- Natural
By Geography
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of the World
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Medical Implants Market
5.1. COVID-19 Landscape: Medical Implants Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Medical Implants Market, By Product
8.1. Medical Implants Market, by Product Type, 2021-2030
8.1.1. Cardiovascular
8.1.1.1. Market Revenue and Forecast (2019-2030)
8.1.2. Orthopedic
8.1.2.1. Market Revenue and Forecast (2019-2030)
8.1.3. Neurostimulators
8.1.3.1. Market Revenue and Forecast (2019-2030)
8.1.4. Spinal
8.1.4.1. Market Revenue and Forecast (2019-2030)
8.1.5. Opthalmic
8.1.5.1. Market Revenue and Forecast (2019-2030)
8.1.6. Facial
8.1.6.1. Market Revenue and Forecast (2019-2030)
8.1.7. Dental
8.1.7.1. Market Revenue and Forecast (2019-2030)
8.1.8. Breast
8.1.8.1. Market Revenue and Forecast (2019-2030)
8.1.9. Others
8.1.9.1. Market Revenue and Forecast (2019-2030)
Chapter 9. Global Medical Implants Market, By Biomaterial
9.1. Medical Implants Market, by Biomaterial, 2021-2030
9.1.1. Ceramic
9.1.1.1. Market Revenue and Forecast (2019-2030)
9.1.2. Metallic
9.1.2.1. Market Revenue and Forecast (2019-2030)
9.1.3. Polymers
9.1.3.1. Market Revenue and Forecast (2019-2030)
9.1.4. Natural
9.1.4.1. Market Revenue and Forecast (2019-2030)
Chapter 10. Global Medical Implants Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Product (2019-2030)
10.1.2. Market Revenue and Forecast, by Biomaterial (2019-2030)
10.1.3. U.S.
10.1.3.1. Market Revenue and Forecast, by Product (2019-2030)
10.1.3.2. Market Revenue and Forecast, by Biomaterial (2019-2030)
10.1.4. Rest of North America
10.1.4.1. Market Revenue and Forecast, by Product (2019-2030)
10.1.4.2. Market Revenue and Forecast, by Biomaterial (2019-2030)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Product (2019-2030)
10.2.2. Market Revenue and Forecast, by Biomaterial (2019-2030)
10.2.3. UK
10.2.3.1. Market Revenue and Forecast, by Product (2019-2030)
10.2.3.2. Market Revenue and Forecast, by Biomaterial (2019-2030)
10.2.4. Germany
10.2.4.1. Market Revenue and Forecast, by Product (2019-2030)
10.2.4.2. Market Revenue and Forecast, by Biomaterial (2019-2030)
10.2.5. France
10.2.5.1. Market Revenue and Forecast, by Product (2019-2030)
10.2.5.2. Market Revenue and Forecast, by Biomaterial (2019-2030)
10.2.6. Rest of Europe
10.2.6.1. Market Revenue and Forecast, by Product (2019-2030)
10.2.6.2. Market Revenue and Forecast, by Biomaterial (2019-2030)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Product (2019-2030)
10.3.2. Market Revenue and Forecast, by Biomaterial (2019-2030)
10.3.3. India
10.3.3.1. Market Revenue and Forecast, by Product (2019-2030)
10.3.3.2. Market Revenue and Forecast, by Biomaterial (2019-2030)
10.3.4. China
10.3.4.1. Market Revenue and Forecast, by Product (2019-2030)
10.3.4.2. Market Revenue and Forecast, by Biomaterial (2019-2030)
10.3.5. Japan
10.3.5.1. Market Revenue and Forecast, by Product (2019-2030)
10.3.5.2. Market Revenue and Forecast, by Biomaterial (2019-2030)
10.3.6. Rest of APAC
10.3.6.1. Market Revenue and Forecast, by Product (2019-2030)
10.3.6.2. Market Revenue and Forecast, by Biomaterial (2019-2030)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Product (2019-2030)
10.4.2. Market Revenue and Forecast, by Biomaterial (2019-2030)
10.4.3. GCC
10.4.3.1. Market Revenue and Forecast, by Product (2019-2030)
10.4.3.2. Market Revenue and Forecast, by Biomaterial (2019-2030)
10.4.4. North Africa
10.4.4.1. Market Revenue and Forecast, by Product (2019-2030)
10.4.4.2. Market Revenue and Forecast, by Biomaterial (2019-2030)
10.4.5. South Africa
10.4.5.1. Market Revenue and Forecast, by Product (2019-2030)
10.4.5.2. Market Revenue and Forecast, by Biomaterial (2019-2030)
10.4.6. Rest of MEA
10.4.6.1. Market Revenue and Forecast, by Product (2019-2030)
10.4.6.2. Market Revenue and Forecast, by Biomaterial (2019-2030)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Product (2019-2030)
10.5.2. Market Revenue and Forecast, by Biomaterial (2019-2030)
10.5.3. Brazil
10.5.3.1. Market Revenue and Forecast, by Product (2019-2030)
10.5.3.2. Market Revenue and Forecast, by Biomaterial (2019-2030)
10.5.4. Rest of LATAM
10.5.4.1. Market Revenue and Forecast, by Product (2019-2030)
10.5.4.2. Market Revenue and Forecast, by Biomaterial (2019-2030)
Chapter 11. Company Profiles
11.1. Medtronic Plc.
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Johnson and Johnson
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Boston Scientific Corporation
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Biotronik
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. LivaNova PLC
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Globus Medical, Inc.
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. NuVasive, Inc.
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Integra LifeSciences Holding Corporation
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. InstitutStraumann AG
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. Conmed Corporation
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.
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