Medical Implants Market in India: Quantitative Analysis From 2020 To 2027 To Enable The Stakeholders To Capitalize On The Prevailing Market Opportunities
Pune, Maharashtra, India, February 24 2021 (Wiredrelease) Allied Analytics –:Medical implants are the devices or tissues transplanted inside the body by a surgery temporarily or permanently. The implants are generally used to replace any damaged organs of the body or used for diagnosis or prevention of any function.
The india market size of Medical Implants is $XX million in 2019 with XX CAGR, and it is expected to reach $XX million by the end of 2027 with a CAGR of XX% from 2020 to 2027.
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1) Due to the global pandemic all over the world, the medical devices manufacturers are majorly focusing on essential medical devices production including ventilators and diagnostics.
2) However, due to the precautionary measures taken by governments in various regions, the supply chain has been hampered. Which may result in shortage of devices in certain locations.
3) Food and Drugs Administration (FDA), on the other hand, shared a COVID-19 guidance with medical device manufacturers to notify the agency about changes that could affect availability of their products.
Increase in incidences of chronic diseases, changes in lifestyle and adoption of sedentary lifestyle, technological advancements, rise in aging population, and growth in disposable incomes in the developed countries drive the medical implants market in India. However, high price issues and problems associated with implantation restraint the market growth.
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The India medical implants market is segmented on the basis of type and biomaterial. On the basis of product, it is segmented into orthopedic implants (reconstructive joint implants, which include knee replacement implants, hip replacement implants, extremities, orthobiologics, and craniomaxillofacial), cardiovascular implants (pacing devices and stents), spinal implants (interbody fusion devices, thoracolumbar devices, cervical fixation devices, spinal electrical stimulation, vertebral compression fracture (VCF) devices, and motion preservation devices), neurostimulators (deep brain stimulators, sacral nerve stimulators, spinal cord stimulators, vagus nerve stimulators, and other neurostimulators), ophthalmic implant (intraocular lens and glaucoma implants), dental implants (plate form dental implants and root form dental implants), facial implant, and breast implant. On the basis of biomaterials, it is classified into ceramic biomaterials, metallic biomaterials, polymers biomaterials, and natural biomaterials.
The Major Key Players Are:
Abbott Laboratories, Biotronik SE & Co. KG, Boston Scientific Corporation, C. R. Bard, Inc., Cardinal Health, Inc., Conmed Corporation, Globus Medical, Inc., Johnson & Johnson, LivaNova plc, and Medtronic plc.
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• The study provides an in-depth analysis of the market with current trends and future estimations to elucidate the imminent investment pockets.
• It offers a quantitative analysis from 2020 to 2027 which is expected to enable the stakeholders to capitalize on prevailing market opportunities.
• Extensive analysis by product helps understand various types of implants used for implantation.
• Comprehensive analysis of all geographical regions is provided, which elucidates the prevailing opportunities.
• Key players are profiled and their strategies are analyzed thoroughly, which helps understand competitive outlook of the global market.
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