Global Bio-implant Market by Material (Polymers, Alloys, Biomaterial Metal, Ceramics), by Product (Spinal, Dental, Cardiovascular) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028
Summary of the Report
Global bio-implant market was valued at USD 65.0 million in 2018. It will grow by 5.9% over the forecast period. The market is driven by the rising popularity of bio-implant therapies over other therapy treatments like physiotherapy and arthroscopy. The market's preference for bio-implant procedures is due to their higher success rate and biocompatibility. The market is also being driven by increasing incidence of orthopedic and cardiovascular ailments, large geriatric populations, lifestyle changes and increased adoption of cosmetic surgery.
Market growth is also driven by increasing awareness of cosmetic implants and advances in bioengineering technology. Many medical specialties are seeing a rise in demand for bio-implants that are non-surgical and minimally invasive. Bio-implants are being used by more dental patients as an alternative to root canal procedures. Bio-implants will be more in demand as a result of the alarming rise in dental healthcare issues. According to the WHO's Global Burden of Disease Study 2016 (GBDS), approximately half of all people worldwide are affected by oral diseases. Dental caries and other tooth problems were affecting nearly 3.58 billion people. This will allow for a larger market.
Many chronic diseases such as CVD, congenital, neuropathic, and osteoarthritis are caused by sedentary lifestyles. This has fueled the worldwide demand for bio-implants. According to the National Spinal Cord Injury Statistics Center, 54.0% of Americans were suffering from spinal cord injuries in 2016. These cases are expected to impact almost 60% of the U.S. populace by 2020, which will create growth opportunities for this market.
The biocompatibility and biocompatibility have been greatly enhanced by technological advances in the manufacturing of bio-implants such as 3D printing, laser technology and nanotechnology. This is supported strongly by the rise in funding for healthcare by governments all over the globe. Many government agencies are collaborating with manufacturing and healthcare research companies to bring more efficient devices to the market. In June 2019, for instance, the Government of Kazakhstan expressed interest in partnering with MIDHANI (an Indian manufacturer of bio-implants) to produce commercial-scale titanium bio-implants.
Product Insights
Orthopedic implants held the top spot in 2018 based on product. The leading share in 2018 was accounted for by orthopedic implants. This is due to the rising use of orthopedic surgery, increasing incidence of orthotic diseases and favorable reimbursement policies from various governments. The Centers for Disease Control and Prevention reported that arthritis affected nearly 54.4 million Americans in 2017.
However, the growth rate of dental implants is expected to be higher during the forecast period. This is due to factors like an aging population with more severe tooth defects and a growing demand for cosmetic and dental surgery. In 2017, the American Academy of Implant Dentistry reported that more than 69.0% of Americans aged 35-44 had one missing tooth. In the future, dental problems will likely increase due to a more sedentary lifestyle as well as increased nicotine and tobacco use. This will impact the overall demand for dental bio-implants.
Material Insights
The biomaterial metal segment held the largest market share in 2018, and will continue to do so over the forecast period. This segment is expected to grow due to its associated advantages, such as greater tensile strength and resistance to corrosion, as opposed to other materials like alloys or ceramics. Biomaterial metals are used in dental implants, joint replacement implants, pacemaker cases, and other applications.
Ceramic implants will grow at a rapid pace during the forecast period. Ceramics are gaining much attention due to their ability deliver the necessary mechanical function for tissue rehabilitation. Bio-ceramics are expected to be more popular in the future, due to their ability to stimulate bone regeneration tissue.
Origin Insights
Xenografts held the largest market share on the basis of origin in 2018. This is mainly due to their biological origin which makes them more compatible and adaptable with the human body. Allografts, on the other hand are expected to grow faster during the forecast period. This can be attributed to the benefits of a lower risk of harvest site morbidity and reduced postoperative pain. It also means that there is less time for recovery and surgical time. LifeLink Tissue Bank's 2018 data shows that over 1.7 million allografts were implanted annually in the U.S. These grafts can be used in nearly all types of surgery such as orthopaedic, gynecology and cardiac surgery.
End-use Insights
The market can be divided into three segments based on its end use: hospitals, clinics and specialty centers. In 2018, hospitals held the largest market share and they will continue to hold that position throughout the forecast period. This is due to the large patient base and favorable reimbursement policies for expensive implants such as pacemakers in government hospitals. The second highest revenue share was held by clinics in 2018, and they will continue to grow through 2026.
In recent years, however, specialty centers have been more popular for treating various orthopedic and cardiac diseases. This is due to increasing awareness of different conditions and the various treatment options available as well as an increase in disposable income. Because these centers are tailored to specific medical conditions, they contribute to better clinical outcomes and lower costs. These factors will drive the segment's growth over the forecast period.
Regional Insights
North America is anticipated to dominate the global market owing to factors such as increasing number of surgical procedures needing implants and rising adoption of advanced technologies across various medical disciplines.According to the Organisation for Economic Co-operation and Development (OECD) Health Statistics, more than 1.4 million orthopedic procedures were conducted in 2017, including hip and knee replacement surgeries, which is poised to grow in the near future. This will likely benefit regional growth.
Europe is the second-largest market for bio-implants. This is due to a growing number of orthopedic disorders and government funding. Many pacemaker makers are currently working to develop MRI-conditional pacemakers and leadless pacemakers. Market growth is also being driven by the increasing prevalence of CVD surgery.
Asia Pacific will be the fastest-growing region over the forecast period. This is primarily due to the high incidence of spinal cord injury. Road accidents are a major reason for this. According to Tokyo's Keio University, Japan's spinal cord injuries have left more than 100,000 people paralysed. The country's recent approval of iPS technology is expected to aid such patients in coming years, opening up new markets for bio-implants.
Market Share Insights & Key Companies
The global market is witnessing key trends such as an increase in mergers and acquisitions, a rise in partnerships and collaborations, product launches and increased research and development activities. Spinal Kinetics Inc. was a privately owned manufacturer and developer of artificial cervical and lumbar discs. Orthofix International N.V. bought it in March 2018. This acquisition was made to strengthen Orthofix's orthobiologics and bio-implant product range.
MaterialsCare's 3D printers for bio-implants have been developed for vet use only. However, the company stated that they will make the technology available to humans by 2021. Technological advances have also opened up new avenues for biomaterial developers. LifeNet's patent technology for allografts Matracell is used by the majority of major bio-implant manufacturers, such as Stryker or Arthrex.
Medtronic, St Jude Medical (Abbott); Stryker, DePuy Synthes, Zimmer Biomet, Organogenesis, Inc., Arthrex, Inc., Orthofix Holdings, Inc., Cochlear Ltd., and Exactech, Inc. are some of the top companies in this market.
Bio-implant Market Report Scope
Report Attribute |
More Details |
2020 Market Size Value |
USD 72,590.27 Million |
Forecast revenue in 2026 |
USD 102,696.03 Million |
Growth Rate |
CAGR of 5.9% between 2019 and 2026 |
Estimation base year |
2018 |
Historical data |
2014 - 2017 |
Forecast period |
2019 - 2026 |
Quantitative units |
From 2019 to 2026, revenue in USD millions and CAGR |
Report coverage |
Forecast revenue, company ranking and competitive landscape, growth factors, trends |
Segments covered |
Material, product, origin, use, and region |
Regional scope |
North America; Europe; Asia Pacific, Latin America; MEA |
Country coverage |
U.S.; Canada; U.K.; Germany; France; Italy; Spain; Japan; India; China; Australia; South Korea; Brazil; Mexico; Argentina; South Africa; UAE |
Key companies profiled |
Medtronic; St Jude Medical (Abbott); Stryker; DePuy Synthes; Zimmer Biomet; Organogenesis, Inc.; Arthrex, Inc.; Orthofix Holdings, Inc.; Cochlear Ltd.; Exactech, Inc. |
The scope of customization |
With purchase, you get free report customization (equivalent to up to 8 analysts working day) You can add or modify country, region and segment scope. |
Prices and purchase options |
You can get customized purchase options that meet your research needs. Explore your purchase options |
The Report Covers Certain Segments
This report provides a forecast of revenue growth at the global, regional and country level and an analysis on industry trends in each sub-segment from 2014 to 2026. Grand View Research has divided the global bio-implant market by product, material origin, end use and region.
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Product Outlook (Revenue USD Million, 2014 2026)
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Cardiovascular Implants
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Pacing Devices
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Pacemaker
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ICDs
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Stents
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Orthopedic Implants
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Orthobiologics
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Trauma Implants
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Hip Replacements
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Knee Replacements
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Spinal Implants
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Dental Implants
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Ophthalmic Implants
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Other
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Material Outlook (Revenue USD Million, 2014-2026)
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Ceramics
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Polymers
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Alloys
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Biomaterial Metal
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Origin Outlook (Revenue USD Million, 2014-2026)
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Autograft
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Allograft
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Xenograft
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Synthetic
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End-use Outlook (Revenue USD Million, 2014-2026)
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Hospitals
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Clinics
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Specialty Centres
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Regional Outlook (Revenue USD Million, 2014-2026)
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North America
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U.S.
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Canada
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Europe
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Germany
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U.K.
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France
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Italy
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Spain
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Asia Pacific
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Japan
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China
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India
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Australia
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South Korea
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Latin America
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Brazil
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Mexico
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Argentina
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MEA
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South Africa
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UAE
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These are the most frequently asked questions about this report
What is the size of the market for bio implants?b. Global bio implant market size was USD 68,686.91 Million in 2019, and is forecast to grow to USD 72,590.27 Million in 2020.
How is the growth of the bio-implant market?b. Global bio implant market growth is projected to be 5.9% between 2019 and 2026, to reach USD 102,696.03 million in 2026.
Which market segment had the largest share of the bio-implant market?b. With a 33.50% share in 2019, North America was the dominant market for bio implants. This is due to an increasing number of surgical procedures that require implants and the rising adoption of advanced technologies in various medical disciplines.
What are the major players in the bio implant market?b. Medtronic, St Jude Medical (Abbott); Stryker, DePuy Synthes, Zimmer Biomet, Organogenesis, Inc., Arthrex, Inc., Orthofix Holdings, Inc., Cochlear Ltd., and Exactech, Inc. are some of the key players in the bio-implant market.
What are the driving factors for the bio-implant market?b. The key factors driving growth in the bio implant market include increased adoption of bio-implant therapies, over arthroscopy, orthopedic ailments, high geriatric populations, lifestyle changes and increasing use of cosmetic surgery.
Up Market Research published a new report titled “Bio-implant Market research report which is segmented by Material (Polymers, Alloys, Biomaterial Metal, Ceramics), by Product (Spinal, Dental, Cardiovascular), By Players/Companies increasing prevalence of cardiovascular diseases (CVD) and orthopedic ailments, large geriatric population base, lifestyle changes, rising adoption of cosmetic surgeries”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Scope
Report Attributes | Report Details |
Report Title | Bio-implant Market Research Report |
By Material | Polymers, Alloys, Biomaterial Metal, Ceramics |
By Product | Spinal, Dental, Cardiovascular |
By Companies | increasing prevalence of cardiovascular diseases (CVD) and orthopedic ailments, large geriatric population base, lifestyle changes, rising adoption of cosmetic surgeries |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 250 |
Number of Tables & Figures | 175 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
Global Bio-implant Market Report Segments:
The market is segmented by Material (Polymers, Alloys, Biomaterial Metal, Ceramics), by Product (Spinal, Dental, Cardiovascular).
Bio-implant Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
- Industry drivers, restraints, and opportunities covered in the study
- Neutral perspective on the market performance
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Potential & niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the Bio-implant Market
Overview of the regional outlook of the Bio-implant Market:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
Highlights of The Bio-implant Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of Bio-implant Market.
- Historical data and forecast.
- Estimations for the forecast period 2028.
- Developments and trends in the market.
1. Polymers
2. Alloys
3. Biomaterial Metal
4. Ceramics
7. By Product:1. Spinal
2. Dental
3. Cardiovascular
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Bio-implant Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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Reasons to Purchase the Bio-implant Market Report:
- The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
- Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
- Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
- The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
- Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Bio-implant Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Bio-implant Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Bio-implant Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Bio-implant Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Bio-implant Market Size & Forecast, 2018-2028
4.5.1 Bio-implant Market Size and Y-o-Y Growth
4.5.2 Bio-implant Market Absolute $ Opportunity
Chapter 5 Global Bio-implant Market Analysis and Forecast by Material
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Material
5.1.2 Basis Point Share (BPS) Analysis by Material
5.1.3 Absolute $ Opportunity Assessment by Material
5.2 Bio-implant Market Size Forecast by Material
5.2.1 Polymers
5.2.2 Alloys
5.2.3 Biomaterial Metal
5.2.4 Ceramics
5.3 Market Attractiveness Analysis by Material
Chapter 6 Global Bio-implant Market Analysis and Forecast by Product
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Product
6.1.2 Basis Point Share (BPS) Analysis by Product
6.1.3 Absolute $ Opportunity Assessment by Product
6.2 Bio-implant Market Size Forecast by Product
6.2.1 Spinal
6.2.2 Dental
6.2.3 Cardiovascular
6.3 Market Attractiveness Analysis by Product
Chapter 7 Global Bio-implant Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Bio-implant Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Bio-implant Analysis and Forecast
9.1 Introduction
9.2 North America Bio-implant Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Bio-implant Market Size Forecast by Material
9.6.1 Polymers
9.6.2 Alloys
9.6.3 Biomaterial Metal
9.6.4 Ceramics
9.7 Basis Point Share (BPS) Analysis by Material
9.8 Absolute $ Opportunity Assessment by Material
9.9 Market Attractiveness Analysis by Material
9.10 North America Bio-implant Market Size Forecast by Product
9.10.1 Spinal
9.10.2 Dental
9.10.3 Cardiovascular
9.11 Basis Point Share (BPS) Analysis by Product
9.12 Absolute $ Opportunity Assessment by Product
9.13 Market Attractiveness Analysis by Product
Chapter 10 Europe Bio-implant Analysis and Forecast
10.1 Introduction
10.2 Europe Bio-implant Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Bio-implant Market Size Forecast by Material
10.6.1 Polymers
10.6.2 Alloys
10.6.3 Biomaterial Metal
10.6.4 Ceramics
10.7 Basis Point Share (BPS) Analysis by Material
10.8 Absolute $ Opportunity Assessment by Material
10.9 Market Attractiveness Analysis by Material
10.10 Europe Bio-implant Market Size Forecast by Product
10.10.1 Spinal
10.10.2 Dental
10.10.3 Cardiovascular
10.11 Basis Point Share (BPS) Analysis by Product
10.12 Absolute $ Opportunity Assessment by Product
10.13 Market Attractiveness Analysis by Product
Chapter 11 Asia Pacific Bio-implant Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Bio-implant Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Bio-implant Market Size Forecast by Material
11.6.1 Polymers
11.6.2 Alloys
11.6.3 Biomaterial Metal
11.6.4 Ceramics
11.7 Basis Point Share (BPS) Analysis by Material
11.8 Absolute $ Opportunity Assessment by Material
11.9 Market Attractiveness Analysis by Material
11.10 Asia Pacific Bio-implant Market Size Forecast by Product
11.10.1 Spinal
11.10.2 Dental
11.10.3 Cardiovascular
11.11 Basis Point Share (BPS) Analysis by Product
11.12 Absolute $ Opportunity Assessment by Product
11.13 Market Attractiveness Analysis by Product
Chapter 12 Latin America Bio-implant Analysis and Forecast
12.1 Introduction
12.2 Latin America Bio-implant Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Bio-implant Market Size Forecast by Material
12.6.1 Polymers
12.6.2 Alloys
12.6.3 Biomaterial Metal
12.6.4 Ceramics
12.7 Basis Point Share (BPS) Analysis by Material
12.8 Absolute $ Opportunity Assessment by Material
12.9 Market Attractiveness Analysis by Material
12.10 Latin America Bio-implant Market Size Forecast by Product
12.10.1 Spinal
12.10.2 Dental
12.10.3 Cardiovascular
12.11 Basis Point Share (BPS) Analysis by Product
12.12 Absolute $ Opportunity Assessment by Product
12.13 Market Attractiveness Analysis by Product
Chapter 13 Middle East & Africa (MEA) Bio-implant Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Bio-implant Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Bio-implant Market Size Forecast by Material
13.6.1 Polymers
13.6.2 Alloys
13.6.3 Biomaterial Metal
13.6.4 Ceramics
13.7 Basis Point Share (BPS) Analysis by Material
13.8 Absolute $ Opportunity Assessment by Material
13.9 Market Attractiveness Analysis by Material
13.10 Middle East & Africa (MEA) Bio-implant Market Size Forecast by Product
13.10.1 Spinal
13.10.2 Dental
13.10.3 Cardiovascular
13.11 Basis Point Share (BPS) Analysis by Product
13.12 Absolute $ Opportunity Assessment by Product
13.13 Market Attractiveness Analysis by Product
Chapter 14 Competition Landscape
14.1 Bio-implant Market: Competitive Dashboard
14.2 Global Bio-implant Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 increasing prevalence of cardiovascular diseases (CVD) and orthopedic ailments
14.3.2 large geriatric population base
14.3.3 lifestyle changes
14.3.4 rising adoption of cosmetic surgeries