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Medical Implants Market - Growth, Trends, and Forecast (2020 - 2025)

  • ID: 4895996
  • Report
  • January 2020
  • Region: Global
  • 111 pages
  • Mordor Intelligence
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until Jun 30th 2020
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FEATURED COMPANIES

  • Abbott Laboratories
  • Biotronik SE & Co. KG
  • Cardinal Health, Inc.
  • Conmed Corporation
  • Globus Medical, Inc.
  • Johnson & Johnson
  • MORE
Market Overview

The Medical Implants market is anticipated to grow with a CAGR of 7.2%, during the forecast period. The major factors attributing to the growth of the medical implants market are technological advancements in the medical implants and increasing geriatric population as it increases the health issues. For instance, with the increasing aging population, the demand for tooth loss is set to grow. According to the AAID (American Academy Of Implant Dentistry) currently, about 3 million people in the United States have dental implants, and this number is expected to grow by 500,000 annually. Also, there are few factors which are playing pivotal roles in accelerating the medical implants market which includes the hike in disposable income among the people, technological advancements in the implants, and availability of better medical facilities, along with a growing number of cases with damaged limbs or organs caused by different accidents.

However, the high cost of medical implants and stringent regulatory policies are expected to restrain the medical implants market for the forecasted period.

Scope of the Report

As per the scope of the report, medical implants are devices that often get inserted inside the body to replace malfunctioning organs or limbs, or to boost their working conditions.

Key Market Trends

Orthopedic Implants Segment is Expected to Hold the Largest Market Share in the Medical Implants Market
  • Orthopedic devices are used to replace missing joints or bone or to give support to the damaged bone. The devices are fabricated by using titanium alloys and stainless steel for strength, and plastic coating acts as artificial cartilage. Internal fixation is a surgery in orthopedics, which involves the implementation of implants, in order to repair the damaged bone.
  • The number of people undergoing joint replacement surgeries, such as total hip and knee replacement, has increased steadily and continues to increase, due to an increase in the aging population. The rise in the osteoporosis-related fractures and musculoskeletal diagnoses are driving the demand for orthopedic implants among the population aged 65 years or older.
  • According to the Arthritis Research, UK report on “The State of Musculoskeletal Health 2018”, it is estimated that 17.8 million people live with a musculoskeletal condition in the United Kingdom, which is around 28.9% of the total population. The statistics show that the number of orthopedic surgeries is increasing, which leads to an increase in the demand for orthopedic implants.
North America Dominates the Market

North America currently dominates the global medical implants market and is expected to follow the same trend throughout the forecast period. This is due to factors such as the rising incidence of chronic diseases like arthritis in the country, well-established insurance policies and the availability of advanced healthcare infrastructure. In the North America region, the United States holds the largest market share due to factors such as an increasing number of geriatric populations, along with a growing number of diseases in the country, which is anticipated to stimulate the demand in this region.

Competitive Landscape

The medical implants market is moderate to highly competitive and consists of several major players. In terms of market share, few of the major players are currently dominating the market. Some of the prominent players are vigorously making acquisitions with the other companies to consolidate their market positions across the globe. Some of the companies which are currently dominating the market are Boston Scientific Corporation, CONMED Corporation, Smith & Nephew PLC, Stryker Corporation and Zimmer Biomet.

Reasons to Purchase this report:
  • The market estimate (ME) sheet in Excel format.
  • Report customization as per the client's requirements.
  • 3 months of analyst support.

This report will be delivered within 2 business days.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Abbott Laboratories
  • Biotronik SE & Co. KG
  • Cardinal Health, Inc.
  • Conmed Corporation
  • Globus Medical, Inc.
  • Johnson & Johnson
  • MORE
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Technological Advancements in the Medical Implants
4.2.2 Increasing Geriatric Popuation as it Increases the Health Issues
4.3 Market Restraints
4.3.1 Stringent Regulatory Reforms
4.3.2 High Cost of these Medical Implants
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION
5.1 By Product
5.1.1 Orthopedic Implants
5.1.1.1 Hip Orthopedic Device
5.1.1.2 Joint Reconstruction
5.1.1.3 Knee Orthopedic Devices
5.1.1.4 Spine Orthopedic Devices
5.1.1.5 Others
5.1.2 Cardiovascular Implants
5.1.2.1 Pacing devices
5.1.2.2 Stents
5.1.2.3 Structural Cardiac Implants
5.1.3 Neurostimulators
5.1.3.1 Deep brain stimulators
5.1.3.2 Spinal cord stimulators
5.1.3.3 Vagus nerve stimulators
5.1.3.4 Gastric Electrical Stimulation
5.1.3.5 Other Neurostimulators
5.1.4 Ophthalmic implants
5.1.4.1 Intraocular lens
5.1.4.2 Glaucoma implants
5.1.5 Dental implants
5.1.6 Facial implants
5.1.7 Breast implants
5.2 By Type of Material
5.2.1 Metallic Biomaterial
5.2.2 Polymers Biomaterial
5.2.3 Natural Biomaterial
5.2.4 Ceramic Biomaterial
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 United Kingdom
5.3.2.3 France
5.3.2.4 Italy
5.3.2.5 Spain
5.3.2.6 Rest of Europe
5.3.3 Asia Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Australia
5.3.3.5 South Korea
5.3.3.6 Rest of Asia-Pacific
5.3.4 Middle East and Africa
5.3.4.1 GCC
5.3.4.2 South Africa
5.3.4.3 Rest of Middle East and Africa
5.3.5 South America
5.3.5.1 Brazil
5.3.5.2 Argentina
5.3.5.3 Rest of South America

6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Abbott Laboratories
6.1.2 Biotronik SE & Co. KG
6.1.3 Boston Scientific Corporation
6.1.4 Cardinal Health, Inc.
6.1.5 Conmed Corporation
6.1.6 Globus Medical, Inc.
6.1.7 Integra Lifesciences Holdings Corporation
6.1.8 Johnson & Johnson
6.1.9 Smith & Nephew PLC
6.1.10 Stryker Corporation
6.1.11 Zimmer Biomet

7 MARKET OPPORTUNITIES AND FUTURE TRENDS
Note: Product cover images may vary from those shown
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  • Abbott Laboratories
  • Biotronik SE & Co. KG
  • Boston Scientific Corporation
  • Cardinal Health, Inc.
  • Conmed Corporation
  • Globus Medical, Inc.
  • Integra Lifesciences Holdings Corporation
  • Johnson & Johnson
  • Smith & Nephew PLC
  • Stryker Corporation
  • Zimmer Biomet
Note: Product cover images may vary from those shown
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