Market Highlights:
Bioimplants are essential in medical procedures which are conducted to recover the functionality of damaged bio structure. Bioimplants are made up of biosynthetic materials such as ceramics, polymers and alloy and compatible for human body. The increasing spinal cord injuries, technological advancements, rising occurrences of lifestyle disorders, and growing geriatric population are the major factors driving the growth of the global bioimplants market. Additionally, increasing R&D spending and aggressive strategies adopted by the top players, such as mergers and acquisitions, are contributing to the growth of the market. For instance, in December 2017, Smith & Nephew acquired Rotation Medical Inc. for USD 125 million to expand its portfolio in bioimplants and to get access to the rotator cuff system of Rotation Medical.
The high costs associated with bioimplants, rising cost of bioimplant surgeries, unfavorable reimbursement policies and dearth of technicians may hamper market growth during the assessment period.
Key Players:
Some of the key players in the global bioimplants market are C.R.Bard, Inc. ,Abbott,Boston Scientific Corporation,Dentsply Sirona,Invibio Ltd.,Integra LifeSciences,Johnson & Johnson Services, Inc.,Medtronic,Smith & Nephew plc,Stryker,Wright Medical Group N.V.,Cook Group, and Zimmer Biomet.
Segmentation:
The global bioimplants market has been segmented on the basis of type, material, origin and end-user.
