Researchmoz added latest report "Biotextile Implants Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2026". The industry report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.
Albany, NY -- (SBWIRE) -- 12/06/2018 -- Biotextiles are used as implantable fabrics or as components of implantable devices. Implantable medical devices have become a key part of the global healthcare industry in recent years, due to the steady innovation in technologies. This has led to availability of reliable implantable devices.
Demographic factors such as changing standards of living, increasing incidence of chronic degenerative diseases, and large elderly population are major factors that influence the demand for Biotextile implants.
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Increasing demand for minimally invasive surgeries, rising use of biotextile implants in fields such as the dental procedures, and growing prevalence of dental diseases are expected to drive the global biotextile implants market in the next few years. According to the United Nations, in 2017, there were approximately 962 Mn people aged 60 years or above in the world, accounting for 13% of the global population. The number of elderly people in the world is projected to reach 1.4 Bn by 2030; 2.1 Bn by 2050; and 3.1 Bn by 2100.
The global biotextile implants market can be segmented based on product, material, end-user, and region. Based on product, the market can be classified into stents, heart valves, orthopedic implants, hernia repair mesh, sutures, and others. The hernia repair mesh segment can be sub-segmented into inguinal hernia, femoral hernia, ventral hernia, incisional hernia, and umbilical hernia. The stents segment is expected to account for a major market share during the forecast period, due to the rising demand for minimally invasive surgeries and aging population. Based on material, the biotextile implants market has been classified into resorbable, semi-resorbable, and non-resorbable. The resorbable segment is expected to account for a major market share from 2017 to 2025. Based on end-user, the market has been divided into hospitals, ambulatory surgical centers, and specialty clinics. The hospitals segment is expected to account for a leading market share between 2017 and 2025, due to increasing preference by patients for treatment in hospitals.
In terms of region, the global biotextile implants market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America led the global biotextile implants market in 2016 and the trend is expected to continue during the forecast period. The dominance of North America is attributable to presence of key players in the U.S. and Canada, increasing prevalence of dental diseases, and growing use of biotextile implants in dental care in the region. According to the World Health Organization, the prevalence of dental caries is high in North America with the DMFT (decayed, missing, filled teeth) count of 2.35 among population aged 12 years in 2011. (DMFT is a measure to record and benchmark the prevalence of dental diseases). Europe also held a significant share of the global market for biotextile implants in 2016, due to increasing demand for safe and long-lasting biocompatible implants and increasing prevalence of cardiovascular diseases in the region. According to British Heart Foundation (BHF), in 2015, about seven million people in the U.K. alone were suffering from cardiovascular diseases. Rapidly aging population and increasing incidence of chronic diseases are anticipated to boost the market during the forecast period. Moreover, initiatives by governing authorities to develop health care infrastructure in the region are projected to boost the biotextile implants market in Asia Pacific during the forecast period. According to the United Nations Economic & Social Commission for Asia & the Pacific (UNESCAP), one in four people in the Asia Pacific region would be aged 60 years or above by 2050. The region is experiencing aging of population at an unprecedented pace, with the number of elderly people expected to become more than double from 535 million in 2015 to about 1.3 billion by 2050.
Prominent players operating in the global biotextile implants market are C. R. Bard, Inc., Collagen Matrix, Inc., Medtronic, Getinge Group, Inspiremd, and Novus Scientific Inc.
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The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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- Market segments and sub-segments
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- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry's value chain.
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A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
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