Medical Implants Market Analysis - Global Industry Size, Share, Trends and Forecast, 2014 - 2024

Category : Healthcare and Pharmaceuticals | Delivery Format : PDF | Status: Forthcoming | Report ID : ARC391

Introduction

Surgically implanted tissues or medical devices in human body are called medical implants. These implants can either be positioned temporarily or permanently in the human body and can be unfastened when no longer required. Medical implants are generally used to support or replace a damaged body organ to identify errors in a healthy body functioning as well as to enhance the overall functioning and are usually made up of tissues, metals, ceramics, plastics, bone, skin or other natural materials. These artificial tissues or devices help in the enhancement of an existing biological organ and are used as a replacement of any desecrated biological organ. Medical implants associate a variety of risks including implant failure, surgical risks or infections. Various applications of medical implants include orthopedic, cardiovascular, dental surgeries, neurological ailments among others. Moreover, major medical implant surgeries include delicate human body organs such as defibrillators, artificial joints implants, spinal fusion stimulators, pacemakers, kidney and heart implants, hearing implants and eye implants. Use of medical implants is majorly witnessed in aged population since they are more susceptible to ceaseless diseases such as endovascular diseases, cardiovascular diseases, dental disorders, and orthopedic disorders. Medical implants generally employ microelectromechanical systems technology and the acceptance of such devices is increasing due to increasing investments in research and development in this technology. Introduction of technologically advanced devices such as novel medical implant devices, favorable demographics and positive eco-financial dynamics coupled with augmentation in merger and acquisition activities in the healthcare industry are some other key elements scaling the global medical implant market to newer acmes.

Market Dynamics

Major factors driving the global medical implants market include rising prevalence of chronic diseases such as cancer, cardio ailments, etc. along with the growth in aging population, worldwide. Moreover, rising awareness towards the use of artificial implants coupled with technological advancements in medical implant techniques are some other factors surging the overall growth of global medical implants market. Also, factors such as rise in osteoporosis fractures, especially among children, aging people and increase in physical illness such as obesity are also boosting the growth of medical implants market, globally. Introduction of new technologies such as 3D technology, patient-specific medical implants (knee arthroplasty) and sculpture in AutoCAD offer numerous advantages. However, lack of skilled health care professionals, high cost of implants and inadequate reimbursement policies are the factors restricitng the growth of global medical implants market.

Market Classification

The global medical implants market can be segmented on the basis of type, end-user, origin, material and geography. On the basis of type, the global medical implants market can be segmented into spinal implants, cardiovascular implants, dental implants, orthopedics and trauma, neurostimulators implants, ophthalmic implants and others. Cardiovascular implants can be further sub-divided into stents implants, pacing devices and structural cardiac implants. Orthopedics and trauma includes trauma implants, sports medicine, and reconstructive joint replacement. Dental implants segment is further divided into plate-form dental implant and root-form dental implant. Neurostimulators implants include sacral nerve stimulators, deep brain stimulators, vagus nerve stimulators, spinal cord stimulators and others. Other implants are further sub-categorized into drug implants, gynecological implants, urological implants, cosmetic implants, gastroenterological implants and wound and skin care implants. On the basis of end-user, the global medical implants market can be segmented into pharmaceutical companies, medical device manufacturers, academic institutes and research institutes. On the basis of material, the global medical implants market can be segmented into ceramics, alloys and polymers. Considering origin, the global medical implants market can be segmented into synthetic and biological implants. On the basis of region, the global medical implants market can be segmented into North America, Latin America, Europe, Middle East & Africa (MEA) and Asia-Pacific.

Report Coverage

Market

Global Medical Implants Market

Analysis Period

2014 – 2024

Historic Data

2014 – 2015

Base Year

2016

Forecast Data

2017 – 2024

Market Stratification

Type, End-User, Origin, Material, Geography

Regional Scope

North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA)

Report Coverage

Market Trends, Drivers, Restraints, Porter's Five Forces Analysis, Competitive Analysis,

Player Profiling, Value Chain Analysis

 

Market Participants

Increasing number of product launches and mergers & acquisitions with local as well as established international players are the trends prevalent in the market. Some of the major companies operating in the global medical implants market include Abbott Laboratories, Novartis International AG, Orthofix International N.V., Johnson & Johnson Limited, Tornier N.V., Sorin S.p.A, Edwards Life-sciences Corporation, Smith & Nephew plc, Stryker Corporation and Boston Scientific Corporation among others.

Market Segmentation

Market by Type

·         Spinal implants

·         Cardiovascular implants

o   Stents implants

o   Pacing devices

o   Structural cardiac implants

·         Dental implants

o   Plate-form dental implant

o   Root-form dental implant

·         Orthopedics and trauma

o   Trauma implants

o   Sports medicine

o   Reconstructive joint replacement

·         Neurostimulators implants

o   Sacral nerve stimulators

o   Deep brain stimulators

o   Vagus nerve stimulators

o   Spinal cord stimulators

o   Others

·         Ophthalmic implants

·         Others

o   Drug implants

o   Gynecological implants

o   Urological implants

o   Cosmetic implants

o   Gastroenterological implants

o   Wound and skin care implants

Market by End-User

·         Pharmaceutical companies

·         Medical device manufacturers

·         Academic institutes

·         Research institutes

Market by Origin

·         Synthetic

·         Biological

Market by Material

·         Ceramics

·         Alloys

·         Polymers

Market by Geography

·         North America

o   US

o   Canada

o   Mexico

·         Europe

o   UK

o   Germany

o   France

o   Rest of Europe

·         Asia-Pacific

o   China

o   Japan

o   India

o   Philippines

o   Rest of Asia-Pacific

·         Latin America

o    Brazil

o   Chile

o   Rest of Latin America

·         Middle East and Africa (MEA)

o   South Africa

o   Saudi Arabia

o   Rest of MEA


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