Global Medical Implant Market Overview - Key Futuristic Trends and Opportunities
Market Highlights:
The success rate of surgery is one of the major factors driving the global Medical Implant Market. As it gains the confidence of patient suffering from orthopedic, cardiac, and others diseases that implantation procedure help in improving quality of life.
According to a report published by American Joint Replacement Registry, in 2017, there is 50% reduction in revision rates of hip and knee implant owing to registry initiation and identification of best practices. According to Romanian Arthroplasty Register, in 2014, Romania reported to be performed 10,179 primary surgeries of THA, and 2,619 primary surgeries of TKA, and in 2015, 9,297 THA and 2,770 TKA primary interventions were conducted. According to the watchman post-FDA approval study, successful implantation rate is 95.6%, which is the highest success rate reported in the United States in 2016.
Major Players in the Medical Implants Market:
Some of the key players in this market are Boston Scientific Corporation (U.S.), Medtronic (Ireland), Johnson & Johnson Services, Inc. (U.S.), 3M (U.S.), Institut Straumann AG (Switzerland), Stryker Corporation (U.S.), Zimmer Biomet Holdings, Inc. (U.S.), Smith & Nephew (U.K), Dentsply Sirona (U.S.).
The global medical implants market consists of four regions: the Americas, Europe, Asia Pacific, and the Middle East & Africa.
America dominates the global medical implants market owing to the increasing prevalence of chronic diseases. Additionally, high health care spending, well-developed technology, and increasing geriatric population are likely to fuel the growth of the market. On the other hand, saturation of the market, the high cost of the devices, and changing reimbursement policies may slow the market growth over the review period.
The Americas market for medical implants is divided into North America and South America. North America holds the major share of the market whereas, South America shows the fastest growth across the globe owing to the presence of an opportunity for the development of the market.
The European medical implants market comprises of Eastern Europe and Western Europe. Western Europe comprises of countries such as Germany, the U.K, France, Italy, and Spain. Europe accounts for the second largest global medical implants market owing to increasing support from the government, the presence of huge geriatric population, and high health care spending. Additionally, many European countries are trying to encourage the manufacturers for research & development for the introduction of advanced devices. In addition to this, increasing awareness and developed healthcare infrastructure has provided a push to the growth of the market. However, strict regulatory rules may hinder the progress.
Get Sample report at https://www.marketresearchfuture.com/sample_request/2806.
On the other hand, The Middle East & Africa holds the least share, but it is likely to grow rapidly during the forecast period. However, due to the presence of poor and slow developing countries, especially, in the African region, the market may hold least market share.
Segmentation:
The global medical implants market is segmented on the basis of types, type of material, and end user. On the basis the types, it is segmented into orthopedic implants, cardiac implants, spinal implants, dental implants, ophthalmic implants, cosmetic implants, and others. On the basis of the type of material, it is segmented into the metallic material, ceramic material, polymers material, and others. On the basis of the end users, it is segmented into hospitals & clinics, research laboratories, and others.
Regional Analysis:
The Americas dominates the global medical implants market owing to the increasing prevalence of patients suffering with damaged body organs, improvement in surgical outcomes, presence of strong economic condition, and focus of research institutions on updating technology for new and advanced medical implants devices.
Europe holds the second position in the market owing to increasing support from the government, and the presence of huge geriatric population, and high healthcare spending. According to the Organization for Economic Co-operation and Development (OECD), the healthcare expenditure in Germany was EUR 321 billion in 2014. France recorded the second highest level of current health care expenditure of EUR 237 billion.
Asia Pacific is the fastest growing market owing to more number of developing nations present in this region, for instance, countries like India and china. These countries are encouraging the growth of the medical implants devices.
The Middle East & Africa is expected to hold the least market share due to less availability of medical facilities, and less development in the healthcare domain. However, countries such as Qatar and Kuwait are focusing more on the healthcare and developing medical facilities, which is expected to boost the market of this region.
Key Players:
Some of the key players in this market are Boston Scientific Corporation (U.S.), Medtronic (Ireland), Johnson & Johnson Services, Inc. (U.S.), 3M (U.S.), Institut Straumann AG (Switzerland), Stryker Corporation (U.S.), Zimmer Biomet Holdings, Inc. (U.S.), Smith & Nephew (U.K), Dentsply Sirona (U.S.).
Get Discounted report at https://www.marketresearchfuture.com/check-discount/2806.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Contact:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune – 411028
Maharashtra, India
+1 646 845 9312
Email: salesteam@marketresearchfuture.com