According to a new research report by RNCOS entitled, “Global Medical Implants Market Outlook 2020”, the US industry has been witnessing higher growth in medical implants backed by the government support and rising incidence of chronic diseases. The global medical implant market generates approximately US$ 68.7 Billion in 2014 and expected to grow at a CAGR of around 8% during 2014-2020.
Introduction of innovative medical implants produced through technologically advanced techniques are helping countries to increase their life expectancy. More and more people are becoming aware of the technically advanced implants and are using them to get rid of painful chronic illness. However, the industry faces some challenges as well, such as costly affair, indefinite regulatory framework, implant surgeries complications and reimbursement issues. Companies such as Medtronic, Johnson & Johnson, Boston Scientific, Zimmer Holdings, St. Jude Medical and Straumann are considered to be the larger players, whereas small players in the market are Biomet, Dentsply, Alcon, Staar Surgical and Stryker Corporation etc.
The report is spread in over 75 pages and provides an in-depth research and rational analysis of the current status and future prospect of the Global Medical Implants Industry. The study presents a transparent picture major medical implants such as Orthopedic, Cardiovascular, Dental, Ophthalmology and others including the factors affecting their growth. The research further covers global medical implant industry, detailed analysis of geographical segments, applications of medical implants as well as Mergers and Acquisitions.
The report also covers detailed information about active market players in the Global Medical Implant Industry, including small and large players to enable the clients to understand the market structure and its growth during the forecasted period. In brief, the report covers all the necessary aspects of the global medical implants industry, providing an in-depth research and prudent analysis of the key segments.
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RNCOS is a leading industry research and consultancy firm incorporated in 2002. As a pioneer in syndicate market research, our vision is to be a global leader in the industry research space by providing research reports and actionable insights to companies across a range of industries such as Healthcare, IT and Telecom and Retail etc. We offer comprehensive industry research studies, bespoke research and consultancy services to Fortune 1000, Trade associations, and Government agencies worldwide.