Boston, MA -- (SBWIRE) -- 09/04/2015 -- Bio-implant is medical device made up of biomaterials, which are used to replace, augment, or repair damaged tissues. There are two types of bio-implants: orthopedic and cardiovascular implants. The orthopedic implant includes replacement procedures for the hip, spine, knee, and other extremities such as the shoulder, wrist, elbow, and ankle. Cardiovascular bio-implants such as cardiac rhythm management (CRM), stents, and prosthetic heart valves are used to maintain the functions of the heart.

Technavio's analysts forecast the global bio-implant market to grow at a CAGR of 5.22% during 2014-2019.

Commenting on the report, an analyst from Technavio's team said: "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. Currently, many physicians are using the 3D-MRI technique for better imaging. The Advisa MRI system by Medtronic received the US FDA approval on August 3, 2011. The company became the first to conduct a randomized, controlled clinical trial of the second-generation pacing system for utilization in an MRI environment under specific scanning conditions. However, the Advisa DR MRI SureScan pacing system by Medtronic was not approved by the US FDA for commercial distribution."

Get More Details on this Report and a Full Table of Contents at Global Bio-Implant Market 2015-2019

According to the report, MIS procedures have revolutionized the field of surgeries. By avoiding large incisions, patients can reduce hospital stay and avoid excessive blood loss. In knee implant surgeries, MIS procedures offer a safe and efficient treatment to patients, especially those with arthritis and those injured during an accident or in sports. The growing popularity of robot-assisted surgery is another factor contributing to market growth. Robotic technology provides physicians with an excellent view of the operative field and the ability to maneuver instruments within close-fitted spaces with precision and control.

Further, the report states that post-surgery complications are resulting in a decline in the popularity of these implants.

The key players in the Global Bio-implants Market are DePuy Synthes, Medtronic, St. Jude Medical, Stryker and Zimmer Biomet while other prominent vendors include B. Braun, Cook Medical, Corin, Evolutis, FH ORTHOPEDICS, Kasios, KLS Martin, Lima Corporate, Mediplus, Tornier, W. L. Gore & Associates and Wright Medical Technology

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