MEDICAL IMPLANTS MARKET ANALYSIS

Regional Analysis

Global Medical Implants Market: Regional Insights

Based on geography, the global medical implants market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Among regions, North America is expected to gain highest share in the market during the forecast period owing to the increasing prevalence of chronic disease, growing geriatric population, rise in adoption of medical implants, and technological advancements in the field of medical implants in the region. For instance, with the rise in burden of chronic diseases and rising geriatric population, the demand for medical implants is also increasing. According to the Centers for Disease Control and Prevention (CDC), chronic diseases are the leading causes of death and disability in the United States. Moreover, around 85% of Americans over 65 years of age have at least one chronic health condition and 60% have at least two chronic conditions.

Europe and Asia Pacific are also expected to witness robust growth in the global medical implants market owing to the rise in burden of chronic disease, growing geriatric population, rise in demand for safe/effective medical implants, government initiative/support, and well-established healthcare infrastructure in these regions. For instance, in February 2019, the Indian Government decided to regulate the sale, manufacture, and import of medical implants to ensure safe and tested medical devices reach the end user. Devices implanted into the body, or used for life support or sustenance, may pose potential risk and thus, must be strictly controlled.

• North America: U.S. and Canada
• Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
• Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
• Middle East and Africa: GCC Countries, Israel, Rest of Middle East, South Africa, North Africa, and Central Africa