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Technavio’s market research report identifies the increasing adoption of technologically advanced products to be one of the primary growth drivers for the global bioimplants market. Advances in biomedical sciences are consequent in biomaterials that are biodegradable, bioactive, and biologic. Supported by technological advances, the availability of antibiotic-coated bio-implants, microchip-controlled bio-implants, and advances in molecular imaging, will contribute to the widespread acceptance of bioimplants since they detect specific medical parameters and take immediate therapeutic action. According to the bioimplants market analysis, our analysts predict that this market will grow at a CAGR of more than 10% by 2021.
Minimally invasive surgeries are beneficial in reducing the incidences of post-surgical complications, quick recovery, and shorter hospital stay. Minimally invasive procedures such as laser surgery, endoscopy, and laparoscopy create small incisions, significantly helps in reducing pain and morbidity, and improves postoperative recovery. The convenience of minimally invasive surgeries provides traction to the use of small bioimplants, smart tools, and devices. This will increase the preference for minimally invasive surgeries, which will be one of the key bioimplants market trends that will gain traction in the bioimplants market during the next few years.
The bioimplants market is highly competitive due to the presence of several international, regional, and local vendors. These vendors are increasingly competing against each other based on factors such as R&D investments, development of bioelectric implants, and partnerships and M&A. They are also developing biocompatible biomaterials and bioelectronic implants to upgrade their technological expertise. Increasing adoption of technology in emerging markets and the entry of new vendors will further intensify the competitiveness of the biological implants market.
Key vendors in this market are
Other prominent vendors in the market include B. Braun, Cook Medical, Corin, C. R. Bard, Edwards Lifesciences, FH Orthopedics, Kasios, KLS martin GROUP, Mediplus, W. L. Gore & Associates, and Wright Medical technology.
High blood pressure (BP), lack of physical exercise, and the increasing prevalence of obesity, hereditary diseases, and diabetes results in cardiovascular diseases (CVD). Also, the hospital admissions for CVDs in the UK has increased. CVDs are one of the leading causes of death in the country according to the national health service (NHS). This, in turn, will boost the sales of cardiovascular bioimplants, contributing positively towards the growth of the biological implants market.
Hospitals are increasingly focusing on increasing their revenue by recommending minimally invasive surgeries that use bioimplants. For instance, the prevalence of conditions such as heart arrhythmia requires cardiac pacemakers to stabilize the heart rate. The hospitals segment will continue to be the largest end-user during the estimated period due to the high number of bio implantation surgeries in tertiary care hospitals in emerging countries such as India and China.
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: INTRODUCTION
PART 05: MARKET LANDSCAPE
PART 06: SEGMENTATION BY PRODUCT TYPE
PART 07: SEGMENTATION BY IMPLANT MATERIAL
PART 08: SEGMENTATION BY END-USER
PART 09: SEGMENTATION BY GEOGRAPHY
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
PART 12: MARKET TRENDS
PART 13: VENDOR LANDSCAPE
PART 14: VENDOR ANALYSIS
PART 15: APPENDIX
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