Biological Implants Market to Amount to USD 9.8 Bn by 2024, Forecasts Grand View Research in Its New Study Available at MarketPublishers.com30 Nov 2016 • by Natalie Aster
LONDON – A rise occurring in the field of adoption of organ substitutes and grafts for reconstructive surgeries for different clinical applications like orthopedic, cardiovascular, and more. This will drive to the value of USD 9.8 billion by 2024.
The world’s marketplace has to face certain challenges, such as issues associated with incorporating of such materials that are able to specifically adapt to the surrounding environment’s biology so that to spur regeneration and repair.
Some steps aimed at overcoming this challenge have already been taken in the form of research activities relative to the development of devices of such devices from the biological source.
At present, the demand amongst major players is becoming increasingly tough, and this increase is accelerating growth of the biological implants marketplace.
Xenografts led the worldwide market in terms of revenue in 2015, and its share in the total market revenue stood at more than 50%. Yet allografts are predicted to showcase the fastest growth in the coming years.
Soft tissue products ruled the market space in 2015. The number one position in the worldwide market belongs to North America. This region owned a share of above 50% in 2015. APAC, in the meantime, is projected to experience the swiftest growth in the offing.
When it comes to major companies, it should be noted that NuVasive, Acelity and Baxter International are some of them.
New research report “Biological Implants Market Size And Forecast From 2013 To 2024” drawn up by Grand View Research, Inc. represents a treasure trove of data on the worldwide market for biological implants. The study offers a comprehensive overview of this marketplace.
It sheds light on its drivers and discuses restraints. The report sheds light on performance of this market segments. The research study covers their historical and current performance, besides projecting future development trends.
It scrutinizes a state of the competitive environment. The research report also comprises top players’ profiles (22 in total).
More new studies by Grand View Research are on hand at its page.