Monday, 3 February 2020

Health Insurance Market 2019 Market Challenge, Driver, Trends & Forecast to 2023

Global Health Insurance Market Research Report: Information by Demographics (Minor, Adult, Senior Citizens), by Type (Health Maintenance Organizations (HMOs), Exclusive Provider Organizations (EPOs), Point-Of-Service (POS) Plans and Preferred Provider Organizations), by Period (Lifetime Coverage and Term Insurance), by Service Providers (Public and Private) and by Region (Americas, Europe, Asia-Pacific and Middle East & Africa) - Global Forecast till 2025
Market Scenario:
The Global Health Insurance Market is expected to register a CAGR of ~4.1% during the forecast period of 2019 to 2025 and will achieve USD 141.3 Billion in 2025 with a market value of USD 137.4 billion in 2018.
The increasing participation of Health Insurance Market key players is one of the key factors driving the health insurance market.
For example, Allianz Partners acquired 100% share capital of Servicios Compartidos Multiasistencia, SL from private equity funds managed by Portobello Capital, and marginal shareholders. Various other factors such as the increase in aging population and rise in health expenditure drive the growth of the market. In addition, rise in per capita disposable incomes of individuals and advancement in R&D in the field of medicine are also expected to propel the growth of the market. However, poor claim settlement track record and rigid rules hinder the market growth. The adoption of social media to create health awareness among the youth and research & development in pharmaceuticals is providing opportunities to increse the global health insurance market size.
Segmentation
The global health insurance market is segmented based on demographics, type, term, service providers, and region.
The global market for health insurance, by demographics, has been divided into minor, adult and senior citizens. Adults aged 18–64, 69.0% (136.7 million) were covered by private health insurance plans in the first 9 months of 2018 in the US.
Based on type, the market has been segmented into health maintenance organizations (HMOs), exclusive provider organizations (EPOs), point-of-service (POS) plans, and preferred provider organizations (PPOs). A health maintenance organization (HMO), is a prepaid health plan. The health maintenance organization (HMO) member pays a monthly premium. In return, the health maintenance organization (HMO) offers wide-ranging health care facilities such as emergency care, hospital stays, surgery, laboratory (lab) tests, X-rays, doctor’s visits, and therapy
Based on the period, the market has been segregated into lifetime coverage and term insurance.  The Patient Protection and Affordable Care Act (PPACA) or Obamacare, abolished lifetime maximum benefit clauses in healthcare policies wherever they relate to essential services. The Affordable Care Act legislation also eliminates the facility for health care insurers to place yearly maximums on essential services such as ambulatory patient services, maternity, pregnancy, and neonatal care, laboratory services, and others.
Based on the service providers, the market has been bifurcated into public and private. The public health insurance has been further sub-categorized as Medicare and Medicaid. The private health insurance has been sub-segmented into primary private health insurance, duplicate private health insurance, complimentary private health insurance, and supplementary private health insurance. The number of Americans registered in private healthcare plans has increased from 12.8% to 34% between 2004 and 2017.
In the current scope of the study, the segments mentioned above are covered across four global regions, namely the Americas, Europe, Asia-Pacific, and the Middle East & Africa.
The health insurance market in the Americas has further been segmented into North America and South America, with the North American market has been divided into the US and Canada. The European health insurance market has been segmented into Western Europe and Eastern Europe. Western Europe has been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe.  The health insurance market in Asia-Pacific has been categorized as Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The health insurance market in the Middle East & Africa has been segmented into the Middle East and Africa.
Key Players
  • Allianz SE
  • IHI-Bupa
  • William Russell
  • Aetna
  • Blue Cross
  • Expacare
  • CIGNA
  • International SOS
  • MediCare International
  • Integra Global Health Limited
  • HealthCare International
  • MultiNational Underwriters
Regional Market Summary
The Americas dominated the global market for health insurance owing to the increasing awareness among the people about chronic diseases and many players are coming up with new insurance ideas for the welfare of the individuals. The percentage of people with health insurance coverage for 2017 was 91.2 % in the US. The US continues to be the largest contributor to the complete growth of health premiums worldwide, driven by the expansion of coverage implemented with the Affordable Care Act.
In 2018, it was estimated that Europe stood second in the global health insurance market. Technological advancements, along with the availability of funding opportunities in research and innovation will support the growth of health insurance during the review period. Other factors such as a favorable reimbursement scenario, rise in government expenditure on healthcare, and increase in geriatric population in this region can be attributed to the market growth.
Asia-Pacific (APAC) is expected to witness a phenomenal growth in health insurance throughout the forecast period due to rising participation of market players in launching innovative health insurance policies and the growing demand for the treatment of chronic diseases, lenient regulations, adoption of innovative technologies, and rise in medical tourism. The fastest-growing regional market in APAC, mostly fueled by the efforts of companies in China and India to increase health insurance penetration, with China concentrating on its aging population and India on its rural population. Net profit margins in APAC are also the highest globally, led by smaller regional markets such as Hong Kong and Singapore.
On the other hand, the Middle East & Africa holds the least share in the global health insurance market due to the low economic development, especially within the African region.
Key Players
  • DJO Global, Inc. (US)
  • BTL Industries (US)
  • Enraf-NoniUS B.V (Europe)
  • Dynatronics Corporation (US)
  • EMS Physio (UK)
  • ITO Co. Ltd (Japan)
  • Mectronic Medicale (Europe)
  • Performance Health (Subsidiary of Madison Dearborn Partners) (US)
  • Whitehall Manufacturing (US)
  • Zimmer Medizinsysteme GmbH (Germany)
  • Colfax Corporation (US)
  • STORZ MEDICAL (US)

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Automatic Pill Dispenser Market Research Report 2019 Analysis and Forecast to 2024

The Global Automatic Pill Dispenser Market is expected to grow significantly over the forecast period. It is anticipated that the market held a valuation of USD 1,700 million in 2018 and is projected to register a CAGR of 7.3% over the forecast period.
The increasing prevalence of cardiovascular disorders and growing older population are the key factors driving the automatic pill dispenser market size. As per the report published by the Centers for Disease Control and Prevention (CDC) in 2017, nearly 92.1 million adults were dealing with at least one type of cardiovascular disease.
Various other factors such as the advancements in automatic pill dispenser, increasing geriatric population, untapped emerging markets, rise in regulatory approvals, and increasing investment on home care centers are also expected to propel the growth of the market.
However, the high cost of the system can hamper market growth over the forecast period.
Key Players:
Some of the key players in the global automatic pill dispenser market are Baxter International Inc, Becton, Dickinson and Company, Cerner Corporation, Capsa Healthcare, McKesson Corporation, Omnicell Inc., ScriptPro LLC, Swisslog Holdings AG, Yuyama Co.Ltd. Talyst, Inc., and others
Segmentation:
The global automatic pill dispenser market is segmented based on type, end user, and region.
The global market for automatic pill dispenser, by type, is segmented into a centralized, automated dispensing system, and decentralized the automated dispensing system. The centralized, automated dispensing system is further classified into robotic automated dispensing systems, and carousels. Furthermore, decentralized automated dispensing system is classified into a pharmacy-based automated dispensing system, ward-based automated dispensing system, and automated unit dose dispensing system.
Based on end user, the market is segmented into hospital pharmacy, retail pharmacy, and home healthcare.
In the current scope of the study, the segments mentioned above are covered into the four global regions, namely, the Americas, Europe, Asia-Pacific, and the Middle East and African region.
The automatic pill dispenser market in the Americas has further been segmented into North America and South America, with the North American market divided into the US and Canada.
The European automatic pill dispenser market has been segmented into Western Europe and Eastern Europe. Western Europe has been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe.  The automatic pill dispenser market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The automatic pill dispenser market in the Middle East & Africa has been segmented into the Middle East and Africa.
Regional Analysis:
The Americas dominated the global market for automatic pill dispenser owing to the rising geriatric population within the region. As per the data suggested by the United Census Bureau, by 2060, the US is projected to grow by 79 million people, from about 326 million today to 404 million. The population is projected to cross the 400-million threshold in 2058. Additionally, according to the WHO, in the US, more than 20% of the total population is likely to be aged 65 years or over by 2030. Rising participation of market players is also strongly impacting the growth of the Americas automatic pill dispenser market. Moreover, the rising prevalence of chronic disorders such as cardiovascular disorders, cancer, diabetes, and others are driving the growth of the market. For instance, according to the National Cancer Institute, in 2016, in the US, 15.5 million new cases of cancer were registered, and approximately USD 147.3 billion were spent for cancer care.
In 2018, it was estimated that Europe stood second in the global automatic pill dispenser market. Technological advancements, along with the availability of funding opportunities in research and innovation, will support market growth.
Asia-Pacific (APAC) is expected to represent the phenomenal market growth throughout the forecast period due to rising prevalence of chronic conditions, growing awareness about medications, and increasing healthcare expenditure. During 2016-2017, Australia spent nearly USD181 billion on health, which is more than USD 7,400 per person and 10% of overall economic activity.
On the other hand, the Middle East and Africa held the least share in the global automatic pill dispenser market due to the low economic development, especially within the African region.
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Global Handheld Surgical Devices Market Production, Capacity, Revenue, Price, Gross Margin Analysis and forecast 2019-2023

Worldwide handheld surgical devices market size is likely to prosper substantially over the forecast period. It is projected to grow at a CAGR of 6.8% over the forecast period 2018–2023.
Handheld surgical devices are specifically designed devices and is extensively preferred by doctors. The device enables them to perform surgeries with high precision. Demand for surgeries has escalated globally since it has become the standard treatment procedure for treating complex health conditions. Despite the eminent advantages of minimally invasive surgery (MIS) to the patients, the technique is associated with certain technical challenges for surgeons. With the introduction of laparoendoscopic single-site (LESS) surgery, the technical challenges of MIS became prominent. New handheld surgical devices have been industrialized to curtail the limitations posed by minimally invasive procedures. The handheld surgical devices provide enhanced functionalities along with articulating and precision-driven instrument tips. Additionally, the rising demand for surgical procedures act as a significant factor in driving the handheld surgical devices market. Besides, high geriatric population, the rising incidence of accidents, technological upgradations, surging demand for reconstructive & plastic surgery, and increasing patient awareness about the applications of handheld surgical devices likely to boost the handheld surgical devices market. For instance, in 2017, the launch of Vscan Extend by GE positively impacted the global handheld surgical devices market. Vscan Extend is a portable ultrasound device introduced by GE. It is employed for monitoring heart failure patients and in measuring bladder volume. However, lack of trained physicians coupled with stringent government regulations can hinder the market growth over the forecast period. Moreover, the side effects associated with surgeries and implementation of Protection and Affordable Care Act in the U.S. are likely to challenge the growth of the handheld surgical devices market considerably.
Market Segmentation
Global handheld surgical devices market has been segmented based on product, application, and end user. Based on product, the handheld surgical devices market has been segmented into spatulas, forceps, dilators, retractors, cutter devices, auxiliary devices, graspers, and others. The auxiliary devices segment has been sub-segmented as cannulas, closure, and clamps devices. The cutter devices segment has been sub-segmented as lancets, scissor, and trocars. The others segment consists of curettes, punches, snares, and blunt dissectors. Based on application, the market has been segmented into urology, neurology, orthopedics, gynecology, cardiovascular, wound closure, and others. Based on end user, the market has been segmented into clinics, hospitals, research and academic institutes, ambulatory surgical centers, and others. Clinics represented a promising market share in 2017 owing to the growing prevalence of chronic conditions.
Regional Analysis
The Americas held the largest worldwide market share for handheld surgical devices owing to increasing geriatric population and the surging incidences of chronic ailments. The Centers for Disease Control and Prevention (CDC) reported that in 2016, almost 28.1 million adults were diagnosed with heart disease in the United States. In 2017, Europe held the second largest share in the global handheld surgical devices market. The prosperity of the market is owing to the growing instances of surgical procedures collectively with increasing investments in research and development. In 2017, Asia-Pacific represented the fastest growing market in the handheld surgical devices industry. Improving healthcare conditions, emerging brands within the market, surging healthcare expenses, and rising number of surgical procedures, make Asia Pacific a lucrative market for the handheld surgical device manufacturers.
Key Players
The global handheld surgical devices market is dominated by efficient players such as Integra LifeSciences Corporation, B. Braun Melsungen AG, Pelion Surgical, Smith & Nephew, Thompson Surgical, CooperSurgical Inc., Stryker, Dickinson and Company (BD), Millennium Surgical Corp, Becton, KLS Martin, Aspen Surgical, Medtronic, Johnson & Johnson, Elite Medical, Medicon Eg, Zimmer Biomet Holdings, and others.
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Surgical Drills Market Revenue, Opportunity, Forecast and Value Chain Analysis 2019

Global Surgical Drills Market Research Report: by Product (pneumatic drills, electric drills, and others), By Application (orthopedic surgery, neurosurgery, dental surgery, and others) By End-user (Hospitals & clinics, and others) -Forecast Till 2023
An expert on premium research reports, Market Research Future asserts that the, Global Surgical Drills Market is expected to grow significantly over the forecast period. The market held a market value of USD 463.64 million in 2017 and is projected to grow at a CAGR of 4.93% over the forecast period.
Surgical drills as the name itself suggests, are drill machines which are used during the various surgical procedures. Their main function is to drill, cut, and bore holes in the bone in order to attach surgical pins, plates, or screws. There are several types of surgical drills available which are powered by different source. These include pneumatic drills, electric drills, and battery powered drills among others. Surgical drills have simplified the tedious job of a surgeon and reduced the surgery time significantly. Surgical drills have become an important tool in the surgical procedures. Due to high surgical drills market demand and Increasing number of orthopedic and dental surgeries, high awareness about the dental hygiene and high disposable income are some of the factors contribute to the growth of the surgical drills market size.
Key players:
Adeor medical AG, AlloTech Co.Ltd. Arthrex Inc., B.Braun Melsungen AG, CONMED Corporation, De Soutter Medical, DePuy Synthes, Medtronic plc, Stryker Corporation and Zimmer Biomet Holdings, Inc. are some of the key players in the global surgical drills market.
Segmentation:The Global Surgical Drills Market has been segmented into product, application and end-user.Based on products, the market has been segmented into, pneumatic drills, electric drills, battery powered drills, accessories, and others. The pneumatic drills segment is expected to account for the largest share in the global surgical drills market in 2017. This large share is majorly attributed to the wider acceptance of the devices, and better patient compliance as compared to other products. Based on application, the market has been segmented into orthopedic surgery, neurosurgery, ENT, dental surgery, and other. The orthopedic surgery segment is expected to account for the largest share in the global surgical drills market in 2017 followed by dental surgery segment.Based on end-users, the market has been segmented into hospitals & clinics, ambulatory surgical centers, academic and research institutes, and others. The hospitals & clinics segment is expected to account for the largest share in the global surgical drills market in 2017. At the same time, the increasing establishments of the ambulatory surgical centers in the developed and developing countries has led this segment to grow at the fastest rate during the forecast period.
Based on the regions, the market for surgical drills is segmented in to, the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The surgical drills market in the Americas region has further been segmented into North America and South America, where-in the North American market is further divided into the US and Canada.European surgical drills market has been segmented into Western Europe and Eastern Europe where-in Western Europe region is further divided into Germany, France, the UK, Italy, Spain, and the rest of Western Europe.  The surgical drills market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The surgical drills market in the Middle East & Africa has been segmented into regions such as the Middle East and Africa.
Regional Market Summary
Geographically, the Americas is anticipated to dominate the global surgical drills market owing to the rising number of the orthopaedic surgeries, increasing awareness about dental hygiene leading to increase in dental procedures and surgeries. The development of the better surgical approaches and advanced treatment procedures have affected the growth of the American market in a positive way. Moreover, high awareness among American population, state of the art medical infrastructure, high disposable income, are some of the many factors that drive the growth of the surgical drills market in this region.
Europe is expected to hold the second largest market share in the global surgical drills market. The market growth in this region is majorly attributed to the increasing government support for the device manufacturers. Geographical expansion of companies has led to the wider reach of the medical products and services which has brought a huge change in terms of the acceptance and implementation of the new products as well as procedures. Similarly, Asia-Pacific region has observed a rapid growth in the surgical drills market owing to the development in the medical sector in developing countries like India and China. Moreover, increase in government funding for healthcare, rising R&D expenditure, and growing number of medical device companies in the region has led to its fastest growth during the forecast period. The Middle East & Africa region is anticipated to show minor growth opportunities in the surgical drills market during the forecast period.
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Laser Probe Market Growth and Restrain Factors Analysis By 2023

Market Analysis 
The global laser probe market is predicted to touch USD 1560.76 million at a 9.11% CAGR between 2018-2023, reveals the latest Market Research Future (MRFR) report. Laser probe, simply put, is an ophthalmic medical device that has been designed for various diagnostic applications. This diagnostic procedure is minimally-invasive, where the laser probes aid in detecting the abnormalities, if any, in the brain, eye, and other areas. The laser probe assists in the real-time determination of abnormalities instead of extracting samples from patients and conducting different diagnostic procedures on it. It leads to better efficiency of treatment as well as reduced time taken for determining the outcomes of the procedure. 
Various factors are propelling the laser probe market growth. These factors, as stated by the latest Market Research Future (MRFR) report, include rising prevalence of cases where laser probes are needed, increasing incidence of ophthalmic disorders/diseases owing to growing number of diabetic patients, growing geriatric population, increasing incidence of medical emergencies, and increasing number of glaucoma and cataract surgeries. Additional factors pushing market growth include rising prevalence of chronic diseases, especially prostate cancer, barrette’s esophagus, non-melanoma skin cancer, and diabetic retinopathy, among others, technological innovations and improvements in reimbursement protocols. 
On the flip side, the availability of alternative devices and technologies in the market and absence of technically skilled experts to use such devices are factors that may impede the laser probe market growth over the forecast period. 
Market Segmentation 
The Market Research Future report provides an all-inclusive segmental analysis of the laser probe market trends, growth and study on the basis of end user, application, product type, and probe type. 
Based on product type, the laser probe market is segmented into continuous-wave laser probes, pulsed laser probes, and others. Of these, the continuous-wave laser probes segment will have the largest share in the market over the forecast period. It is widely used in different dermatological procedures, including marks or scars removal, and wrinkle reduction. 
Based on the probe type, the laser probe market is segmented into a single laser probe, cluster laser probe, and others. Of these, the single laser probe segment will dominate the market over the forecast period. 
Based on the application, the laser probe market is segmented into rheumatology, dentistry, ophthalmology, orthopedics, dermatology, and others. Of these, the ophthalmology segment will lead the market over the forecast period, followed by the dermatology segment. 
Based on the end user, the laser probe market is segmented into tertiary hospitals, clinics, and others. Of these, the tertiary hospitals segment will have the maximum share in the market over the forecast period owing to the rapid proliferation of tertiary hospitals both in suburban and urban areas. 
Regional Analysis 
By region, the laser probe market report covers the latest trends and growth opportunities across the Americas, the Middle East and Africa, Europe, and the Asia Pacific. Of these, the Americas will remain the driving force in the market during the forecast period chiefly on account of the burgeoning demand for minimally invasive cosmetic surgeries, arthritis treatment, and cataract procedures. This will be followed by Europe, which is predicted to have the second-largest share in the market over the forecast period. 
Key Players 
Major players profiled in the laser probe market report include Quantel Medica, Iridex Corporation, Vitreq, OphthalMed LLC, Lumenis, Transonic Systems Inc., ADInstruments, Reimers & Janssen GmbH, Omega Laser Systems Limited, FCI, Bausch & Lomb Incorporated, and Alcon (Novartis). Key players have used multiple strategies to create a foothold in the market, such as expansions, partnerships, acquisitions, and more. 
Industrial News
March 2019: Researchers in Canada have created a laser probe that utilizes changes in light patterns for detecting melanoma, one of the deadliest skin cancers. The researchers claimed that this laser probe could offer a numerical result that is easily understandable akin to the principal of a thermometer. Irrespective of its usability and low cost, this device is a clinical tool to diagnose melanoma instead of being a consumer product. 
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Duodenal Cancer Market 2019 Share, Trend, Segmentation and Forecast to 2023

Market Overview
The worldwide duodenal cancer market is anticipated to develop gradually over the forecast period. The global duodenal cancer market is estimated to record a CAGR of 3.2% over the forecast period of 2018–2023.
It is a rare kind of cancer that develops in the uppermost part of the small intestine. As the cancer cells start generating in the duodenum, it develops tumors. The tumors block food from passing through the digestive tract. At this point, the body or the small intestine is unable to extract the essential vitamins. The patient experiences a number of symptoms.
Symptoms can be ambiguous, which makes early diagnosis difficult. Duodenum plays a significant role in the digestive system. Bile and chemical secretions are passed through duodenum which helps the food to break down. Duodenal cancer disrupts the digestive process and prevents the body from absorbing essential minerals. Several diagnoses have managed to detect it at an early stage. Tests that capture detailed images of the GI tract, such as a CT scan or MRI, tests such as endoscopy, that examines the inner surface of the GI tract with the help of a flexible pipe with an attached small camera or the technique widely known as biopsy where a part of tissue is eliminated for analysis, could help the patient with the early detection of the disease.
Rising prevalence of chronic ailments, increasing instances of rare cancers, increasing geriatric population, and technological advancements are projected to stimulate the market growth. In January 2018, for instance, GE Healthcare entered into a long-term partnership with Roche Diagnostics to co-create and promote digital medical decision support services. With this, the firms will primarily focus on solutions that improve and accelerate personalized treatment options for critical care patients.
Furthermore, increased healthcare investment is likely to influence the worldwide duodenal cancer market size. However, strict administrative regulations for product approval and expensive treatments are major factors undermining the market potential.
Market Segmentation
The worldwide duodenal cancer market has been segmented based on treatment, diagnosis, and type.
Based on treatment, the market has been segmented into chemotherapy, radiotherapy, and surgery.
Based on diagnosis, the market has been segmented into capsule endoscopy, colonoscopy or endoscopy, MRI scan, CT scan, barium X-ray, and other tests.
Based on type, the global duodenal market has been segmented into sarcoma, adenocarcinoma, lymphoma, and neuroendocrine (carcinoid) tumors.
Regional Analysis
The Americas lead the worldwide duodenal cancer market owing to factors such as high healthcare expenditure, growing incidences of chronic & rare ailments, and access to well-established healthcare system. The American Society of Clinical Oncology (ASCO) recorded in January 2018 that 60% of the population had been diagnosed with duodenal cancer at the distant or initial phase. Europe holds the second-largest market share on account of the healthcare supports provided by the government coupled with the occurrences of several chronic ailments. The Asia-Pacific market is likely to be driven by factors such as surge in disposable income, government funding for healthcare units and growing prevalence of chronic diseases. MEA accounts for the smallest share of the global duodenal cancer market. The market growth in this region can be attributed to the improving healthcare set-up and increasing investment in the healthcare sector.
Key Players
The key players in the worldwide duodenal cancer market includes Pfizer Inc., Eli Lilly & Company, Bristol-Myers Squibb Company, AbbVie, Inc., F. Hoffman-La Roche Ltd., Novartis AG, Thermo Fisher Scientific, Bayer AG, Boehringer Ingelheim International GmbH, Ipsen Biopharmaceuticals Inc., Abbott, G E Healthcare, AstraZeneca, Agilent Technologies Inc., Dickinson & Company, and Becton.
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Bone Implant Market Trends and Drivers Analysis 2019 To 2023

Americas to Dominate Bone Implant Market due to High Availability of Advanced Technology
The global bone implant market share is expected to rise at a CAGR of 6.8% over the forecast period from 2018 to 2023, according to the latest research report from Market Research Future (MRFR). The global bone implant market is mainly driven by the growing technological advancement in bone implants, which has led to the availability of a number of viable options in the bone implants market, and the growing need for bone implant procedures around the world. The rising prevalence of sports injuries and other bone injuries is also likely to be a major driver for the global bone implant market over the forecast period.
Rapid advancement of the technology around bone implants is likely to be a major driver for the global bone implant market over the forecast period. With time, the global bone implants market has grown rapidly, leading to steady development of a number of products that can be viably used as bone implants. The steady development of the materials industry has also led to a rapid rise for the global bone implants market, as a number of viable materials have been developed that can be used to produce effective bone implants. This is likely to remain a major driver for the global bone implants market over the forecast period, as the material plays a key part in ensuring long-term viability of the bone implant. Materials such as ceramics and polymers are likely to undergo extensive research in the coming years, leading to steady growth of the bone implant market.
On the other hand, the high prices of orthopedic surgeries and bone implant products could hinder the global bone implant market’s growth over the forecast period. Government policies could also hinder the use of specific products in the global bone implant market over the forecast period.
Competitive Analysis:
Leading players in the global bone implant market include Depuy Synthes Inc., NuVasive Inc., Stryker Corporation, Integra LifeSciences Holdings Corporation, The Orthopedic Implant Company, Aesculap Implant Systems, Conmed Corporation, Arthrocare Corporation, BioTek Instruments Inc., Wright Medical Group N.V., Medtronic plc, Zimmer Biomet Holdings Inc., Smith & Nephew plc, and Globus Medical Inc.
Acquisitions and mergers and likely to remain a popular tactic for players in the global bone implant market over the forecast period.
In May 2018, NN Inc. acquired Paragon Medical for USD 375 million.
In 2017, Stryker Corporation acquired Vexim for USD 215 million.
Segmentation:
The global bone implant market has been segmented on the basis of biomaterial, product, application, device, end user, and region.
On the basis of biomaterial, the bone implant market has been classified as metals, ceramics, and polymers. The metal segment has been further divided into titanium, stainless steel, cobalt chromium alloy, gold alloys, and tantalum. The ceramics segment has been further divided into alumina, hydroxyapatite, beta-tricalcium, phosphate, carbon, bioglass, zirconia, and zirconia-toughened alumina. The polymers segment has been sub-segmented into polymethylmethacrylate, polytetrafluoroethylene, polyethylene, polysulfone, polyurethane, and polyether ether ketone.
By product, the market is segmented into orthopedic screws, orthopedic plates, interlocking nails (rods), and others.
By application, the bone implant market is segmented into hip orthopedic implants, knee orthopedic implants, spine orthopedic implants, dental orthopedic implants, and others.
By device, the market is segmented into external fixators and internal fixators.
By end user, the market is segmented into orthopedic clinics, hospitals, and others.
Regional Analysis:
The Americas is likely to remain the major regional party in the global bone implant market over the forecast period. The advanced healthcare sector in the region, the high disposable income of consumers in developed countries such as the U.S. and Canada, and the growing prevalence of sports injuries in the region are likely to drive the bone implant market in the Americas region over the forecast period.
The rising prevalence of orthopedic diseases in Europe is likely to drive the regional market for bone implants over the forecast period. Asia Pacific is also likely to exhibit a rapid growth in the bone implant market over the forecast period due to the growing prevalence of orthopedic conditions.
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