Medical implants are artificial devices that are used to replace damaged or missing biological structures. The global revenue generated by medical device manufacturing companies is over $200 billion, and more than $85 billion is accounted to the U.S. based medical device companies. The medical implants market is driven by an increase in health needs of old age people, and advancement in medical technologies.
According to the WHO, there are more than 1000 million old age people in the world, out of which 700 million are from developing countries. Increase in demand for reconstruction of joints, replacement of ophthalmic and dental market is expecting more growth in medical implant market. However, high cost of treatment and unavailability of expertise are decreasing the demand for medical implant market.
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The global market for medical implants is facing problems because of uncertain reimbursement policies, influencing the importance of this market. The risk associated with genetics diseases after surgical implantation is creating hurdles for this market. This report gives intelligence about the current scenario of reimbursement policies according to geographies. The report also provides current trends of medical implants and expected growth of these trends.
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