Medical implants are
manufactured medical devices which are used to support, replace or enhance any
biological structure. Medical implant helps people around the globe to lead a better life. Growing need for an enhanced life for old age & disabled people,
and recent development in medical technology is helping the medical implant
market to grow.
A new report titled, “Medical
Implants Market - Growth, Global Share, Industry Overview, Analysis, Trends
Opportunities and Forecast 2012 – 2020” by Allied Market Research is a useful
piece of information of the market insights. The report provides a fair
analysis of the market scenario according to the geographies, latest trends in
the medical implant market and growth rate of these trends.
According to WHO, the number of
old age people around the globe is more than a 1000 million. However, out of
these 1000 million, 700 million people belong to developing countries. Thus the
growth of the market is influenced more by the developing economies. The major
restraints of the market are the reimbursement policies. Also the high cost, lack of expertise and the
high risk involved with genetic diseases after implantation are creating
troubles for the market.
Prominent players profiled in
the report are Novartis AG, Boston scientific corporation, Johnson and Johnson,
Abbott Labs, Edwards Life-sciences Corporation, Stryker Incorporated, Tornier
NV, Sorin spa, Orthofix International NV
and Smith and Nephew plc.
