Medical implants are medical devices or tissues that are surgically transplanted inside the body. These implants are used to replace or support any damaged body organs to enhance function of any body organ or to detect errors in normal body functioning. These can be either placed permanently or temporarily in human body and can be removed when they are no longer needed. Some of the implants are made up of bone, tissue, skin, ceramics, metals, plastics, and other natural materials.
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The report covers the analysis of medical implants market based on product type, biomaterials, and geography.
Segment Review:
According to the analysis done for each segment, the neurostimulation market was found to be highest growing market which is attributed to rising consumer awareness, innovative technological advancements, increasing neurological disorders in the ageing population, cost-effective products, growing FDA approvals for clinical trials, development of advanced implantable neurostimulation devices, and improved clinical outcomes. Neurostimulators are segmented into deep brain stimulation (DBS), sacral nerve stimulation (SNS), vagus nerve stimulation (VNS), spinal cord stimulation (SCS) and other neurostimulators.
The orthopedic implants grabbed the largest market in accordance to the total shares in world implants market in 2015, primarily due to increasing obesity and a rise in osteoporosis-related fracture amongst all age groups. Furthermore, patients that opt for orthopedic implant surgeries has increased from the age group of under 55 to over 80 years. Along with this, there is an increasing awareness about the benefits of such surgeries on the quality of life, which has led to increased adoption amongst patients especially in developing countries such as India and China. Improving healthcare infrastructure in developing countries has also lead to the growth of orthopedic implant market. New technologies such as creation of patient-specific implants, especially in knee arthroplasty, using 3D technology and sculptural CAD are being developed which have numerous benefits over off-the-shelf implants.
The medical implants market in Germany is growing at a steady pace which is attributed to factors such as the rising incidence of chronic diseases in the country. Germany has one of the highest rates of death due to heart disease, higher even than the United States or the United Kingdom, owing to lifestyle factors such as increasing rate of smoking (average nearly 24.5% of the German population above 15 years of age are smokers, in the age group 18- to 25-year 35.2% are smokers) and rising obesity. Germany spends more on dental services than any other European country apart from Switzerland, which makes it an attractive market for the dental implant industry.
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Market Dynamics
Rising prevalence of chronic diseases coupled with the rapidly aging population worldwide is set to increase the demand for medical implants. According to the National Institutes of Health report, population of people above 65 years was around 524 million in 2010, which is expected to grow to 1.5 billion till 2050, this would be 16% of the total world population. It is estimated that 27% of the Japanese, 16% of the U.S., 24% of the U.K., 17% of the Russian, and 14% of Chinese population will be above 65 years of age by 2020. With age there are increasing incidences of chronic diseases such as cardiovascular disease, neuropathic disorders, old age-related trauma, and osteoarthritis. For instance, according to the American Heart Association, in 2013, in the U.S., 70.2% of men and 70.9% of women in the range of age 60-79 years had cardiovascular disorders.
KEY BENEFITS
This report offers the following benefits in particular:
An in-depth exposure to the world medical implants market is provided and light is shed on market dynamics that would prove crucial in understanding the market
Quantitative analysis of the current market and estimations through 2014-2022 would assist strategists to design business strategies to capitalize on the prevailing opportunities in the market
Porter’s Five Forces analysis examines the competitive structure of the world medical implants market and also provides a deeper understanding of the influence factors for market entry and market expansion
Pin-point analysis of geographic segments proffers identification of most profitable segments to capitalize on
Strategic analysis of the key leaders and their business strategies within the world medical implants market provided would assist stakeholders to make more informed business decisions
MEDICAL IMPLANTS MARKET SEGMENTATION
By Type
- Orthopedic Implants
- Reconstructive Joint Replacements
- Knee Replacement Implants
- Hip Replacement Implants
- Extremities
- Orthobiologics
- Trauma & Craniomaxillofacial
- Pacing Devices
- Cardiac Resynchronization Therapy Devices (CRTs)
- CRT-P (CRT with pacemaker function)
- CRT-D (CRT with pacemaker and ICD function)
- Implantable Cardioverter Defibrillators (ICDs)
- Transvenous Implantable Cardioverter Defibrillator (T-ICDs)
- Subcutaneous Implantable Cardioverter Defibrillator (S-ICDs)
- Stents
- Coronary stents
- Drug-eluting Stents (DES)
- Bare-metal Coronary Stents
- Bioabsorbable Stents
- Peripheral stents
- Iliac
- Femoral-Popliteal
- Renal
- Carotid
- Stent-related Implants
- Synthetic Grafts
- Vena Cava Filters
- Structural Cardiac Implants
- Mechanical Heart Valves
- Implantable Ventricular-assist Devices
- Left Ventricular Assist Device (LVAD)
- Right Ventricular Assist Device (RVAD)
- Biventricular Assist Device (BIVAD)
- Interbody Fusion Devices
- Thoracolumbar Devices
- Cervical Fixation Devices
- Spinal Electrical Stimulation
- Vertebral Compression Fracture (VCF) Devices
- Motion Preservation Devices
- Deep Brain Stimulation (DBS)
- Sacral Nerve Stimulation (SNS)
- Vagus Nerve Stimulation (VNS)
- Other neurostimulators
- Intraocular Lens
- Glaucoma Implants
- Plate Form Dental Implants
- Root Form Dental Implants
- Cardiovascular Implants
- Spinal Implants
- Neurostimulators
- Ophthalmic Implants
- Dental Implants
- Breast Implants
- Facial Implants
By Material
- Metallic Biomaterials
- Ceramic Biomaterials
- Polymers Biomaterials
- Natural Biomaterials
By Region
- North America
- U.S.
- Canada
- Mexic
- Germany
- UK
- France
- Rest of Europe
- Japan
- China
- India
- Rest of Asia-Pacific
- Latin America
- Middle East
- Africa
- Europe
- Asia-Pacific
- LAMEA
Chapter: 1 INTRODUCTION
1.1 Report description
1.2 Key benefits
1.3 Key market segments
1.4 Research methodology
1.4.1 Secondary research
1.4.2 Primary research
1.4.3 Analyst tools and models
Chapter: 2 EXECUTIVE SUMMARY
2.1 CXO perspective
2.2 Market beyond what to expect by 2027 ($Million)
2.2.1 Moderate growth scenario
2.2.2 Rapid growth scenario
2.2.3 Diminishing growth scenario
Chapter: 3 MARKET OVERVIEW
3.1 Market definition and scope
3.2 Key findings
3.2.1 Top investment pockets
3.2.2 Top winning strategies
3.3 Porters five forces analysis
3.3.1 Bargaining power of suppliers
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