Increasing adoption of bio-implant procedures and advancements in the bioengineering technologies is expected to uplift the non-surgical bio-implants market growth.
The global Non-Surgical Bio-Implants Market is valued at US$ 27.8 billion in 2021 and is predicted to grow at a CAGR of 13.2% to reach US$ 96.0 billion by 2032.
An implant is a man-made medical device that is put into a human body cavity to replace, support, or augment a missing, damaged, or already present biological component. The "bio-implants" prosthesis is used to normalise a person's physiological processes.
Injectable bio-implants, a non-surgical therapeutic technique, can effectively restore, replace, or modulate damaged, unregulated, or lost physiology. The increase in the number of persons aged 60 and up contributed to the global trend of increased life expectancy and lowering death rates.
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Advent of Telehealth and Virtual Care to Create Tailwind for the Non-Surgical Bio-Implants Market Growth
Digitization is making deeper inroads across diverse industries, such as healthcare, owing to the increasing penetration of the internet and smartphones across the world.
During the COVID-19 outbreak, healthcare practitioners and patients realized the importance of digitization and encouraged them to adopt virtual methods of patient examination and consultation to counter the regulations concerning social distancing. This gave rise to a new medical domain, Telehealth.
Since the outbreak, telehealth has gained immense popularity, especially among the geriatric population, owing to the convenience associated with it. Hence, increasing adoption of telehealth across radiology, behavioral health, cardiology, and online consultation is expected to create lucrative opportunities for growth in the Non-Surgical Bio-Implants market.
Key Non-Surgical Bio-Implants Market Takeaways and Projections
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Competitive Landscape Analysis
The latest study conducted by FMI provides in-depth insights into the global Non-Surgical Bio-Implants market to assist management level decision-makers in constructing a strategy to capitalize on the critical trends & opportunities. It also discloses competitive trends and profiles a list of leading players operating in the global Non-Surgical Bio-Implants market.
Some of the prominent market players are profiled by FMI are:
Albiorex International, Moma Therapeutics, Inc., FibroGen, Inc., KYTHERA Biopharmaceuticals, Inc., Novatex Bioengineering SA, Anika Therapeutics, Inc., Johnson & Johnson Private Limited, Fidia Farmaceutici S.p.A., LCA Pharmaceuticals, Hangzhou Gallop Biological Products Co., Ltd., and others
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Key Segments Covered In The Non-Surgical Bio-Implants Market Industry Survey
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May 18, 2023