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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