Medical Implant Market Key Players, Trends, Growth
Opportunities and Industry Forecast till 2022
“Factors driving the growth of medical implants market
include growing geriatric population, rising approval rate
for the use of latest advanced electronic devices in
healthcare sector, and advent of advanced technologies
for healthcare.”
The global medical implant market is subject to witness a substantial growth due to the increasing prevalence
of disorders like epilepsy, cardiac disorders, and Parkinson’s disease. Factors driving the growth of medical
implants market include growing geriatric population, rising approval rate for the use of latest advanced
electronic devices in healthcare sector, and advent of advanced technologies for healthcare.
Prevalence of cardiac diseases is considered as one of the prominent factors responsible for high-end demand
for medical implants. Globally, the medical implant market is estimated to grow at a substantial CAGR in the
forecast period, providing numerous opportunities for market players to invest in research and development in
the medical implants market.
Cardiovascular diseases (CVDs) and coronary heart disease are considered as one of the common causes of
death across the globe, thereby augmenting market demand for medical implants, in the recent years.
Additionally, recent technological advancement and development of enhanced medical implants to treat
various diseases is expected to drive the market growth in forecast period.
Shifting trend towards adoption of implantable medical devices for treatment of a wide range of health
conditions is anticipated to fuel market expansion in near future. Growing preference towards to adoption of
implantable medical devices by healthcare professional, doctors and physicians for diagnosis purposes is
anticipated to foster market growth further.
The frequent adoption of medical implants is increasingly found for monitoring as well as diagnosis purposes.
Presently, the medical implants industry has witnessed substantial progress with immense advancement in