- The key vendors in the global bio-implants market 2015-2019 are Boston Scientific, DePuy Synthes, Medtronic, St. Jude Medical, Stryker and Zimmer Biomet.
London, 14 August 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global bio-implants market 2015-2019. Increased use of MRI-compatible systems in cardiovascular segment is one of the key trends being observed in the market. MRI technology is used to detect internal injuries and gives a better diagnosis and understanding of injuries, especially those caused during sports. The use of cardiac implantable electronic devices increased the popularity and use of MRI procedures. The global bio-implants market 2015-2019 is expected to grow at a CAGR of 5.22% during the forecast period of 2014-2019.
The improved standards of healthcare and sophisticated treatment options have led to an increase in life expectancy, leading to an increase in the aging population. The aging population is more likely to develop peripheral artery diseases, coronary heart diseases, and other age-related problems, contributing to the growth of the market.
“The use of specialized technologies, procedures, and instruments that allow less invasive techniques has significantly increased the use of advanced devices in the market,” says Faisal Ghaus, Vice President of Technavio Research.
“The introduction of new stents, such as bioabsorbable scaffolds, biodegradable polymer, and bifurcation stents, is projected to increase the utilization of stents in peripheral interventions.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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