Bioimplants Market to Reach $364.8 Billion, Globally, by 2035 at 8.8% CAGR: Allied Market Research

PORTLAND, Ore., June 4, 2024 /PRNewswire/ — Allied Market Research published a report, titled, “Bioimplants Market by Type (Cardiovascular bioimplants, Dental bioimplants, Orthopedic bioimplants, Spinal bioimplants, Ophthalmology bioimplants, Other bioimplants), and End User (Hospitals, Speciality Clinics, Ambulatory Surgical Centers): Global Opportunity Analysis and Industry Forecast, 2024-2035″. According to the report, the bioimplants market was valued at $132.8 billion in 2023, and is estimated to reach $364.8 billion by 2035, growing at a CAGR of 8.8% from 2024 to 2035.

Allied Market Research Logo

Request Sample of the Report on Bioimplants Market Forecast 2035-

https://www.alliedmarketresearch.com/request-sample/4652 

Prime determinants of growth

The bioimplants market is expected to grow significantly owing to rise in prevalence of cardiovascular diseases, surge in geriatric population, and high adoption of the orthopedic implants for the treatment of joints and other complications. The exponential rise in the prevalence of cardiovascular diseases (CVDs) has emerged as a significant driver propelling the growth of the bioimplants market.

Report coverage & details:

Report Coverage

Details

Forecast Period

2024–2035

Base Year

2023

Market Size In 2023

$132.80 Billion

Market Size In 2035

$364.8 Billion

CAGR

8.80 %

No. Of Pages In Report

280

Segments Covered

Type, End User, And Region.

Regional Scope

North America, Europe, Asia-Pacific, And LAMEA

Country Scope

U.S., Canada, Mexico, Germany, France, UK, Italy, Spain, Rest Of Europe, Japan, China, India, Australia, South Korea, Rest Of Asia-Pacific, Brazil, Saudi Arabia, South Africa, And Rest Of LAMEA.

Drivers

Prevalence Of Cardiovascular Diseases


Surge In Geriatric Population


High Adoption Of Orthopedic Implants

Opportunity

Technological Advancement In Biocompatible Materials For Manufacturing Of Bioimplants

Restraint

High Cost of Implants

2023 Recession Impact Analysis

  • The global recession has a significant impact on the bioimplants market.
  • The economic uncertainty has negatively impacted the research and development activities in bioimplants technology.
  • However, market for bioimplants is expected to recover owing to high adoption of bioimplants for treatment of chronic diseases such as cardiovascular diseases and neurological conditions among others.

Want to Explore More, Connect to our Analyst-

https://www.alliedmarketresearch.com/connect-to-analyst/4652 

The orthopedic bioimplants segment to maintain its leadership status throughout the forecast period.

By type, orthopedic bioimplants segment held the highest market share in 2023 and is expected to dominate in the forecast period, accounting for more than one-third of bioimplants market revenue, owing to high adoption of bioimplants for hip and knee replacements and for treating fractures and craniofacial deformities.

The hospital segment to maintain its leadership status throughout the forecast period.

By end user, the hospital segment held the highest market share in 2023, accounting for almost half of the bioimplants market revenue. This is attributed to the fact that hospitals cater large patient base opting treatment for chronic diseases such as cardiovascular diseases, orthopedic injuries, neurovascular among others. However, the specialty clinics segment is expected to register highest CAGR owing to high number of patients preferring specialty clinics for ophthalmic and dental treatment.

For Purchase Enquiry- https://www.alliedmarketresearch.com/purchase-enquiry/4652 

The North America segment to maintain its leadership status throughout the forecast period.

By region, the North America segment held the highest market share in 2023, accounting for almost one-third of bioimplants market revenue. This is attributed to the strong presence of key players in the region, the well-developed healthcare infrastructure, and surge in incidence of orthopedic injuries due to traumatic injuries. However, Asia-Pacific is expected to register a noteworthy CAGR during the forecast period, owing to surge in cardiovascular and ophthalmic disorders.

Leading Market Players: –

  • Zimmer Biomet Holding Inc.
  • Stryker Corporation
  • Johnson and Johnson
  • Medtronic PLC
  • Abbott Laboratories
  • Dentsply Sirona Inc.
  • Boston Scientific Corporation
  • Victrex PLC
  • Smith & Nephew plc
  • Arthrex Inc

The report provides a detailed analysis of these key players in the bioimplants market. These players have adopted different strategies, such as product approval, to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario. 

AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model) Offered by Allied Market Research:

AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.

Get an access to the library of reports at any time from any device and anywhere. For more details, follow the link: https://www.alliedmarketresearch.com/library-access

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact

David Correa

1209 Orange Street,

Corporation Trust Center,

Wilmington, New Castle,

Delaware 19801 USA.

Toll Free: +1-800-792-5285

Int’l: +1-503-894-6022

UK: +44-845-528-1300

Hong Kong: +852-301-84916

India (Pune): +91-20-66346060

Fax: +1-855-550-5975

[email protected]

Web: https://www.alliedmarketresearch.com  

Follow Us on: LinkedIn

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg

 

Cision View original content:https://www.prnewswire.com/news-releases/bioimplants-market-to-reach-364-8-billion-globally-by-2035-at-8-8-cagr-allied-market-research-302163113.html

SOURCE Allied Market Research

Featured image: © healthhn

Disclaimer