Biomaterials Market in Healthcare: Advancements

The Bio-Implants Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Bio-Implants Global Market Report 2024, The bio-implants market size has grown rapidly in recent years. It will grow from $116.28 billion in 2023 to $128.77 billion in 2024 at a compound annual growth rate (CAGR) of 10.7%.  The  growth in the historic period can be attributed to aging population and chronic diseases, rise in surgical procedures, increased life expectancy, regulatory support and standards..

The bio-implants market size is expected to see rapid growth in the next few years. It will grow to $191.3 billion in 2028 at a compound annual growth rate (CAGR) of 10.4%.  The growth in the forecast period can be attributed to customization and personalization, growth in minimally invasive procedures, shift towards regenerative medicine, remote monitoring and telemedicine, supportive regulatory environment.. Major trends in the forecast period include customized and personalized implants, biodegradable and bioresorbable implants, advancements in biomaterials, regenerative medicine and tissue engineering, smart implants and wearable technologies..

The increasing prevalence of chronic conditions is expected to drive the bio-implant market going forward. Chronic conditions such as cardiovascular diseases and arthritis refer to medical conditions that persist for a year or longer, require continuous medical care, and restrict everyday activities. The bio-implants are used in managing and monitoring chronic conditions by reducing the mortality rate caused by chronic diseases. For instance, according to data published in April 2021 by the World Health Organization, a Switzerland-based health organization for international public health, 41 million people die every year due to chronic diseases globally, close to 71% of all deaths. Therefore, the increasing prevalence of chronic conditions is fueling the growth of the bio-implant market.

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The bio-implants market covered in this report is segmented –

1) By Type: Cardiovascular Implants, Dental Implants, Spinal Bio-Implants, Orthopaedic Implants, Ophthalmic Implants, Other Types

2) By Material: Metallic, Ceramic, Polymer, Biological

3) By Origin: Allograft, Autograft, Xenograft, Synthetic

4) By End-User: Ambulatory Surgical Centers, Clinics, Hospital, Other End-Users

Technical developments are the key trends gaining popularity in the bio-implant market. Major players are concentrating on developing innovative biomaterial technology, such as 3D printing for bio-implant systems. 3D-printing technology of biomaterials is a type of additive manufacturing that produces 3D structures that function as 3D tissues using cells and biomaterials rather than conventional metals and polymers. For instance, in March 2022, Evonik Industries AG, a Germany-based specialty chemicals company, launched osteoconductive VESTAKEEP iC4800 3DF PEEK filament based on 3D-printing technology for 3D printed implants. It offers enhanced osteointegration between the bone and implant for quicker bone healing, and impressive biocompatibility, biostability, and enhanced osteoconductive qualities characterize the high-performance polymer.

The bio-implants market report table of contents includes:

 

1. Executive Summary
2. Bio-Implants Market Characteristics
3. Bio-Implants Market Trends And Strategies
4. Bio-Implants Market – Macro Economic Scenario
5. Global Bio-Implants Market Size and Growth

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31. Global Bio-Implants Market Competitive Benchmarking
32. Global Bio-Implants Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Bio-Implants Market
34. Bio-Implants Market Future Outlook and Potential Analysis
35. Appendix

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