Global Bio-implants Market 2012-2016 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-03-05 09:13:02
The Global Bio-implants market is to grow at a CAGR of 7.38 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing prevalence of chronic diseases. The Global Bio-implants market has also been witnessing increasing market consolidation. However, the expensive nature of the bio-implant procedure could pose a challenge to the growth of this market.
The increasing preference for minimally invasive surgery is one of the emerging trends in the Global Bio-implants market. There is an increasing demand for minimally invasive surgical procedures among the aging population across the world, and this is expected to spark the growth of the Global Bio-implants market. This is because minimally invasive surgery causes less pain, reduces the duration of the recovery process, causes minimal injuries, has low risk of infection, and minimizes bleeding. In addition, the cost efficiency offered by less invasive is expected to increase the demand for these procedures and for bio-implants in the near future. This trend will have a positive impact on the growth of the market.
The increasing prevalence of chronic diseases is one of the major drivers in the Global Bio-implants market. Globally, there has been an increase in the incidence of chronic diseases including cardiovascular disease, osteoarthritis, congenital disorders, and neurological disorders such as Alzheimers disease, Parkinsons disease, epilepsy, and trauma. This is due to a variety of factors such as unhealthy dietary habits, lack of physical activity, excessive consumption of alcohol, and excessive smoking. Thus, the increasing prevalence of these chronic diseases leads to the rise in demand for various bio-implants, such as cardiovascular implants, spinal implants, knee implants, hip implants, and neurostimulator implants to treat a variety of diseases. Hence, the increasing prevalence of chronic diseases will result in the growth of the Global Bio-implants market.
The key vendors dominating this space are Medtronic Inc., Stryker Corp., Boston Scientific Corp., and Synthes Inc. The other vendors mentioned in the report are Smith and Nephew plc, Tornier Inc., Abbott Laboratories, aap Implantate AG, Biotronik SE and Co. KG, Edwards Lifesciences Corp., Sorin SpA, Zimmer Holdings Inc., Nobel Biocare Holding AG, Bausch and Lomb Inc., C.R. Bard Inc., LDR Holdings Corp., Amedica, Exactech, Pioneer Surgical, Ceraver Osteal America Inc., Corin Group plc, DJO Global Inc., Exactech Inc., Endotech Inc., Waldemar Link GmbH and Co. KG, Memometal Technologies S.A.S., Osteomed L.P., Wright Medical Group Inc., and Waldemar Link GmbH and Co. KG.
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