Bio-Implants Market Growth, Trends & Industry Analysis | 2022-27

 

Market Overview:

Over the course of the forecast period, the market for bio-implants is anticipated to grow at a CAGR of 8%.

The Covid-19 pandemic had an impact on the nation’s healthcare systems, with serious consequences not only for the patients infected with COVID-19 but also for others. As a result, implant surgeries had to be postponed in order to manage and reserve resources, and many hospitals were struggling to find staff to help with these procedures. For instance, a May 2020 British Journal of Surgery article titled “Elective surgery cancellations due to the COVID-19 pandemic: global predictive modelling to inform surgical recovery plans” reported that approximately 48,728 surgical procedures per week were cancelled in India, which equates to approximately 585,000 surgical procedures over a 12-week period.

Thus, given the above-mentioned factors, there could be a significant impact on the studied market during the COVID-19 pandemic. Thus, COVID-19 adversely affected the bio-implants market during the pandemic period.

Scope of the Report:

According to the report’s purview, a bio-implant is a prosthesis used to restore physiological function. Collagen and tissue-engineered products, such as synthetic skin and tissues, are used to make it. Polymers or biopolymers are also used in the construction of some bioimplants. The bio-implants market is divided into three categories: Type (including cardiac implants, spinal implants, orthopaedic implants, dental implants, and ophthalmic implants), Material (including biomaterial metal and alloys, polymers, and other materials), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). Additionally, the market report includes projected market sizes and trends for 17 different countries across the world’s major geographic regions. The report provides the value for the aforementioned segments (in USD million).

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