This market study report segments the global implantable medical devices market by product (breast implants, dental implants, and facial implants), by material (polymers, metals, ceramics, and biologics), and by geography (EMEA, APAC, and the Americas). The report also provides an overview of the key trends, drivers, and challenges. Leading vendors in this market include Allergan, Johnson & Johnson, Nobel Biocare, Straumann, and Stryker.
Technavio market research analysts estimate the global implantable medical devices market to grow at a CAGR of around 9% between 2015 and 2019. The Americas dominate over all the other geographies in terms of market share and accounts for more than 60% of the total market share. Analysts estimate this region to grow rapidly during the forecast period owing to the augmented demand for minimal and non-invasive surgical cosmetic procedures during the forecast period.
The new market research report from Technavio provides a breakdown and analysis of the implantable medical devices segments by products and technologies.
The dental implants segment dominates over all the other segments and accounts for more than 50% of the total market. Factors like increasing edentulous population, advances in dental care, and the growing public awareness pertaining to oral hygiene, are contributing to this segment’s growth. However, the facial implants segment will witness the highest growth rate during the forecast period due to growing popularity of facial reconstruction in the US region.
Global dental implants market 2014-2019 ($ billions)
Source: Technavio Research
“Biocompatibility is an important factor that should be considered while developing implantable medical devices. As these devices interact with various biological systems, characteristics like rigidity, compatibility, tissue receptivity, and non-corrosiveness have to be considered while manufacturing implantable devices,” says Imran Mushtaq, Lead Analyst, Healthcare, Technavio Research.
Leading vendors in the global implantable medical devices market include Allergan, Johnson & Johnson, Nobel Biocare, Straumann, and Stryker. These leading companies are extensively investing in the R&D of their new implants and are also approaching dermatologists and hospitals to sell their products. On the contrary, local vendors are using innovative strategies to introduce a broad product portfolio so as to enhance their market position.
A more detailed analysis is available in the Technavio report, Global Implantable Medical Devices Market 2015-2019 – Market Analysis.
https://www.technavio.com/%3Cp%3E%3Cstrong%3E%3Cem%3E%3Cu%3EWe%20can%20cu…
