Bio-Implants Market Scope, Analysis, and Trends by 2031
Bio-Implants Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 117.82 Billion |
Market Size by 2031 | US$ 223.06 Billion |
Global CAGR (2023 - 2031) | 8.3% |
Historical Data | 2021-2023 |
Forecast period | 2023-2031 |
Segments Covered |
By Type
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Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Key Player Analysis:
LifeNet Health; Smith & Nephew; Arthrex, Inc.; Clinic Lemanic; Alpha Bio Tec; MiMedx Group; Medtronic; St Jude Medical (Abbott); Stryker Cooperation; DePuy Synthes; Biomet (Zimmer); Exactech, Inc.; Cochlear Ltd; and Straumann AG are among the key players profiled in the bio-implants market report.
Recent Developments:
Companies operating in the market adopt such as mergers and acquisitions. As per the company press releases, below are a few recent key developments:
- In February 2023, CurvaFix, Inc., a medical device developer designed to repair fractures in curved bones, announced the launch of its smaller diameter 7.5mm—CurvaFix IM implant. It is designed to simplify surgical procedures and provide strong, stable fixation in small bones and is intended to enable patients with bones.
- In June 2022, ZimVie launched the Food and Drug Administration, approved T3 pro-engineered implants, and Encode Emergence Healing Abutment in the US.
- In June 2021, Intelligent Implants Ltd., a medical device company, was granted a breakthrough by the US FDA for SmartFuse, an orthopedic implant technology. The SmartFuse platform was designed to remotely stimulate, control, and monitor bone growth to make real-time clinical decisions. The product is indicated for first-use patients undergoing lumbar spinal fusion.
- In February 2021, Medtronic launched the TYRX Absorbable Antibacterial Sheath, an absorbable, disposable, antibacterial sheath designed for stabilizing a cardiac implantable electronic device or implanted neurostimulator.