Healthcare

Medical Implants Market Size is Forecasted to Reach US$ 145.6 billion by 2030

The global medical implants market size is forecasted to reach from US$ 90.5 billion in 2021 to US$ 145.6 billion by 2030 and is anticipated to grow at compounded annual growth rate (CAGR) of 5.4% from 2021 to 2030, as per reports by market research and consulting organization Precedence Research.

The report contains 150+ pages with detailed analysis. The base year for the study has been considered 2021, the historic year 2017 and 2020, the forecast period considered is from 2021 to 2030. The medical implants market is analyzed on the basis of value (US$ Million), volume (Unit), and price (US$/Unit).

Market Overview

The medical implants market study conducted by Precedence Research is intended at helping stakeholders get a comprehensive overview of potential challenges and undiscovered opportunities. The report offers exclusive insights to help companies make informed decision to sustain growth through the assessment period.

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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.

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.

Scope of the Medical Implants Market Report

Report Highlights Details
Market Size in 2021 USD 90.5 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

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.

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 developing and underdeveloped countries is anticipated to be a major challenge for the market players.

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.

Competitive Landscape Analysis:

Some of the leading companies operating in the medical implants market are profiled in the market study. The report also underscores winning strategies adopted over the last few years and gauges impact of the same on growth trajectory exhibited by the market over the last few years.

Major companies operating in this report are

  • Medtronic Plc.
  • Johnson and Johnson
  • Boston Scientific Corporation
  • Biotronik
  • LivaNova PLC
  • Globus Medical, Inc.
  • NuVasive, Inc.
  • Integra LifeSciences Holding Corporation
  • InstitutStraumann AG
  • Conmed Corporation

Market Segmentation

By Product Type

  • Cardiovascular
  • Orthopedic
  • Neurostimulators
  • Spinal
  • Opthalmic
  • Facial
  • Dental
  • Breast

By Biomaterial

  • Ceramic
  • Metallic
  • Polymers
  • Natural

Regional Segmentation

– North America (U.S. and Canada)

 – Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)

 – Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)

 – Latin America (Brazil and Rest of Latin America)

– Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Why should you invest in this report?

If you are aiming to enter the global medical implants market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for medical implants are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030, so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

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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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