Global Bioimplants Market 2017-2021

Global bioimplants market forecast

Technavio’s market research report identifies the increasing adoption of technologically advanced products to be one of the primary growth drivers for the global bioimplants market. Advances in biomedical sciences are consequent in biomaterials that are biodegradable, bioactive, and biologic. Supported by technological advances, the availability of antibiotic-coated bio-implants, microchip-controlled bio-implants, and advances in molecular imaging, will contribute to the widespread acceptance of bioimplants since they detect specific medical parameters and take immediate therapeutic action. According to the bioimplants market analysis, our analysts predict that this market will grow at a CAGR of more than 10% by 2021.

Minimally invasive surgeries are beneficial in reducing the incidences of post-surgical complications, quick recovery, and shorter hospital stay. Minimally invasive procedures such as laser surgery, endoscopy, and laparoscopy create small incisions, significantly helps in reducing pain and morbidity, and improves postoperative recovery. The convenience of minimally invasive surgeries provides traction to the use of small bioimplants, smart tools, and devices. This will increase the preference for minimally invasive surgeries, which will be one of the key bioimplants market trends that will gain traction in the bioimplants market during the next few years.

Competitive landscape and key vendors