Market Research Future published a research report on Global Medical Implant Market and predicts that Global Medical Implant Market is expected to grow at a healthy CAGR of 7.07% during the forecasted period and report include market Analysis, Scope, Stake, Progress, Trends and forecast till 2023.
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.
The Global Medical Implants Market is expected to grow at a CAGR of 7.07% during the forecast period 2017-2023.
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Key Findings for Global Medical Implant Market
The Global Medical Implants Market is estimated at USD 112,083 million in 2016.
Cardiac implant is the fastest growing segment, which is projected grow at a CAGR of 7.63% during the forecast period 2017-2023.
The Americas captured the largest market globally and is expected to USD 77,770 million by 2023.
Asia Pacific is the fastest growing region across the globe and is expected to grow at a CAGR 7.55% during the forecast period.
Regional Analysis for Global Medical Implant Market
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),
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 for Global Medical Implant 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.).
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Some Brief Table of Contents of Report
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.2 Scope Of The Study
2.2.1 Research Objective
2.3 Market Structure
Chapter 3. Research Methodology
3.2 Primary Research
3.3 Secondary Research
3.4 Market Share Analysis
3.5 Market Pricing Approach
Chapter 4. Market Dynamics
4.1.1 Improvement In Surgical Outcomes
4.1.2 Increasing Prevalence Of Chronic Diseases
4.1.3 Acceptance Of Advanced Medical Implants Devices By Patients
4.1.4 Increasing Ageing World Population
4.2.1 High Cost Of The Devices
4.2.2 Ambiguous Regulatory Framework
4.3 Mega Trends
4.4 Macroeconomic Indicators
Chapter 5. Market Factor Analysis
5.1 Porters Five Forces Analysis
5.1.1 Bargaining Power Of Suppliers
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