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Global Bio-implants Market to experience hike in growth by 2024
Posted: Jun 22, 2017
Zion Market Research, the market research group announced the analysis report titled "Bio-implants Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024"
Global Bio-implants Market: Overview
An implant is a medical device which substitutes, enhances, or supports a damaged, missing, or existing biological structure. It is a man-made device and is made from biological cells. These cells are compatible with the human body. The device is then inserted into the human body cavity. Bio-implants heal rapidly and are also less time to consume as compared to other implants. They are mainly used for the treatment of sores or skin burns and in the case of eye bio-implants, they are used to treat chemical damages or cornea sores in the eye.
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Global Bio-implants Market: Segmentation
The global bio-implants market is segmented into its implant type, therapeutic area, and geography. On the basis of the implant type, the bio-implants market is divided into xenograft, autograft, and allograft. Based on therapeutic area, the market is segregated into orthopedics, ophthalmic, dental, and others. On the basis of geography, the market is diversified into North America, Latin America, Asia-Pacific, Europe, and the Middle East and Africa.
Global Bio-implants Market: Growth Factors
The bio-implant is advantageous over other forms of implants as the time required in the treatment is less and also it builds naturally into the human body. These features have greatly influenced the bio-implants market growth. Also working in favor of the market growth is the fact that bio-implants do not necessarily need incisions and can be pressed through the body organ. Features of bio-implant such as shorter duration of healing and lifetime guarantee on its function boost the market growth for bio-implants. Rapidly improving healthcare infrastructure, rising disposable incomes, increasing geriatric population, and rising occurrence of chronic health disorders among them are other factors accelerating the market demand for bio-implants. However, reimbursement issues and the high costs involved may cause a hindrance to the market growth. Also, a large number of laws regulating the bio-implant procedure and the lengthy approval process may hamper the scope for the bio-implants market.
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Global Bio-implants Market: Regional Analysis
The largest share in the bio-implants market is held by North America. This is mainly due to the strong healthcare infrastructure and availability of a large number of bio-implants market participants in this region. The U.S. and Canada are the major countries showing significant growth in this region. Growth in North America is followed by Europe. The high geriatric population and the massive technological advancements in the healthcare are the chief growth factors in Europe especially in countries such as the U.K., Germany, Spain, Italy, and France. The market in the Middle East and Africa also has potentially owing to the large scale production of bio-implants and the cheaper rates at which they are available in various therapeutic areas. A fair share of the market is contributed by the Latin American region as well.
Global Bio-implants Market: Competitive Players
Some of the prominent market players in the bio-implants market include Arthrex, Inc., LifeNet Health, Nobel Biocare Services AG, Clinic Lemanic, Alpha-Bio Tec, Osprey Biomedical Corporation, and MiMedx Group Inc.
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Global Bio-implants Market: Regional Segment Analysis
North America(U.S.); Europe(UK, France, Germany); Asia-Pacific(China, Japan, India); Latin America(Brazil); The Middle East and Africa
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Zion Market Research is an obligated company. We create futuristic, cutting edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private