Market Overview:
The global medical implanting material market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of chronic diseases, rising geriatric population, and technological advancements in medical implants. By type, the intraocular lens segment is expected to account for the largest share of the global medical implanting material market in 2018. This segment is projected to grow at a CAGR of 7% during the forecast period. By application, public hospitals are expected to account for the largest share of the global medical implanting material market in 2018.
Product Definition:
A medical implant is a device that is implanted in the body, either permanently or temporarily, for therapeutic purposes. Common medical implants include artificial joints, pacemakers, and breast implants. Medical implanting material refers to the materials used to make medical implants. The most common types of medical implant materials are metals (such as titanium and stainless steel), plastics (such as polyethylene), and ceramics (such as zirconia). These materials must be biocompatible, meaning that they are not harmful to the body and do not cause any adverse reactions. Medical implants made from biocompatible materials are less likely to cause infection or other complications than those made from non-biocompatible materials.
Intraocular Lens:
Intraocular lens, IOL is a medical device used for treating patients with damaged eyesight. The intraocular lens is implanted into the eye to replace or enhance the natural lenses. Intraocular lenses are used in cataract and refractive surgeries as well as in cases of glaucoma and age-related macular degeneration (ARMD).
Vascular Stents:
Vascular stents are used to prop open damaged blood vessels and allow normal blood flow. They can be used in various medical applications such as angioplasty, cardiac electrophysiology testing, and neurovascular procedures. The most common type of vascular stent is a drug-eluting stent that contains anti-coagulant medication which helps prevent the formation of clots within the vessel.
Application Insights:
The public hospital segment dominated the global medical implanting material market in 2017. This can be attributed to factors such as high prevalence of diseases requiring surgical intervention, increasing government spending on healthcare and rising number of surgeries being performed at hospitals.
For instance, according to a study published by the National Center for Biotechnology Information (NCBI) in 2018, around 50 million people suffer from nasal polyps which require surgery every year to remove them. According to WHO estimates, around 1 billion nasal procedures are performed every year globally which is expected to increase due to growing awareness about health issues and availability of advanced healthcare facilities at a domestic level coupled with technological advancements in ophthalmic equipment over the forecast period. This is anticipatedto boost demand for implantsable materials during the forecast period.
In addition, private clinics also accounted for a significant share owingto factors such as increasing disposable income among certain groups of population.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of a large number of industry players, high adoption rate of advanced technologies, and favorable reimbursement policies & regulatory reforms in this region. The U.S., which is North America’s largest market for medical devices, accounts for a major share in global IOM nail production owing to its well-developed healthcare infrastructure and highly developed economy.
Asia Pacific is expected to witness lucrative growth over the forecast period owing to increasing awareness about various treatment options among patients as well as physicians, thereby driving demand for implants used across various applications such as cardiovascular disease management or vision correction surgery procedures at private clinics & hospitals or government facilities subsidized by public funds such as Medicare/ Medicaid programs during outpatient settings or hospital emergency departments (HEDs). In addition, growing penetration rates of these products due to their low cost are anticipated to further fuel regional growth over the forecast period.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global medical implant market is expected to grow at a CAGR of 5.5% during the forecast period. This is primarily owing to the increasing demand for minimally invasive surgeries, which are less traumatic and result in shorter hospital stays and faster recoveries as compared to traditional open surgery procedures.
- Growing geriatric population: The global geriatric population is expected to grow at a CAGR of 8% during the forecast period, thereby driving the demand for medical implants globally. As people age, they are more susceptible to various diseases and disorders that require surgical intervention, such as hip fractures, joint replacements, etc., thereby fueling the growth of the medical implant market.
- Technological advancements: Rapid technological advancements in medical implants have resulted in their miniaturization and increased functionality over traditional implants used earlier such as metal plates or screws used for bone fracture fixation or heart valves made from animal tissue (porcine). This has led to an increase in their adoption by surgeons worldwide due to improved patient outcomes post-surgery with respect to safety and efficacy profiles of these devices/implants over traditional ones..
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Implanting Material Market Research Report
By Type
Intraocular Lens, Vascular Stents, Bone Nails, Others
By Application
Public Hospital, Private Clinic
By Companies
ALCON, Abbott, Bausch + Lomb, HOYA, CARL Zeiss, Ophtec, Rayner, Lenstec, Johnson & Johnson, C. R. Bard, Weigao, Terumo Corporation, Medtronic, Boston Scientific
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Medical Implanting Material Market Report Segments:
The global Medical Implanting Material market is segmented on the basis of:
Types
Intraocular Lens, Vascular Stents, Bone Nails, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Public Hospital, Private Clinic
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ALCON
- Abbott
- Bausch + Lomb
- HOYA
- CARL Zeiss
- Ophtec
- Rayner
- Lenstec
- Johnson & Johnson
- C. R. Bard
- Weigao
- Terumo Corporation
- Medtronic
- Boston Scientific
Highlights of The Medical Implanting Material Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Intraocular Lens
- Vascular Stents
- Bone Nails
- Others
- By Application:
- Public Hospital
- Private Clinic
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Medical Implanting Material Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Medical implant material is a type of synthetic material that is used to create medical devices. It can be made from a variety of materials, including metals, plastics, and composites. Medical implant material can be used to create devices such as pacemakers and prosthetic limbs.
Some of the major companies in the medical implanting material market are ALCON, Abbott, Bausch + Lomb, HOYA, CARL Zeiss, Ophtec, Rayner, Lenstec, Johnson & Johnson, C. R. Bard, Weigao, Terumo Corporation, Medtronic, Boston Scientific.
The medical implanting material market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Medical Implanting Material Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Medical Implanting Material Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medical Implanting Material Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Medical Implanting Material Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Medical Implanting Material Market Size & Forecast, 2018-2028
4.5.1 Medical Implanting Material Market Size and Y-o-Y Growth
4.5.2 Medical Implanting Material Market Absolute $ Opportunity
Chapter 5 Global Medical Implanting Material Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Medical Implanting Material Market Size Forecast by Type
5.2.1 Intraocular Lens
5.2.2 Vascular Stents
5.2.3 Bone Nails
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Medical Implanting Material Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Medical Implanting Material Market Size Forecast by Applications
6.2.1 Public Hospital
6.2.2 Private Clinic
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medical Implanting Material Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Medical Implanting Material Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Medical Implanting Material Analysis and Forecast
9.1 Introduction
9.2 North America Medical Implanting Material Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Medical Implanting Material Market Size Forecast by Type
9.6.1 Intraocular Lens
9.6.2 Vascular Stents
9.6.3 Bone Nails
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Medical Implanting Material Market Size Forecast by Applications
9.10.1 Public Hospital
9.10.2 Private Clinic
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Medical Implanting Material Analysis and Forecast
10.1 Introduction
10.2 Europe Medical Implanting Material Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Medical Implanting Material Market Size Forecast by Type
10.6.1 Intraocular Lens
10.6.2 Vascular Stents
10.6.3 Bone Nails
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Medical Implanting Material Market Size Forecast by Applications
10.10.1 Public Hospital
10.10.2 Private Clinic
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Medical Implanting Material Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Medical Implanting Material Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Medical Implanting Material Market Size Forecast by Type
11.6.1 Intraocular Lens
11.6.2 Vascular Stents
11.6.3 Bone Nails
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Medical Implanting Material Market Size Forecast by Applications
11.10.1 Public Hospital
11.10.2 Private Clinic
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Medical Implanting Material Analysis and Forecast
12.1 Introduction
12.2 Latin America Medical Implanting Material Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Medical Implanting Material Market Size Forecast by Type
12.6.1 Intraocular Lens
12.6.2 Vascular Stents
12.6.3 Bone Nails
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Medical Implanting Material Market Size Forecast by Applications
12.10.1 Public Hospital
12.10.2 Private Clinic
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Medical Implanting Material Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Medical Implanting Material Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Medical Implanting Material Market Size Forecast by Type
13.6.1 Intraocular Lens
13.6.2 Vascular Stents
13.6.3 Bone Nails
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Medical Implanting Material Market Size Forecast by Applications
13.10.1 Public Hospital
13.10.2 Private Clinic
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Medical Implanting Material Market: Competitive Dashboard
14.2 Global Medical Implanting Material Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ALCON
14.3.2 Abbott
14.3.3 Bausch + Lomb
14.3.4 HOYA
14.3.5 CARL Zeiss
14.3.6 Ophtec
14.3.7 Rayner
14.3.8 Lenstec
14.3.9 Johnson & Johnson
14.3.10 C. R. Bard
14.3.11 Weigao
14.3.12 Terumo Corporation
14.3.13 Medtronic
14.3.14 Boston Scientific
