A growing number of chronic disease cases and an aging population will spur the global medical implants market growth through 2021, according to medGadget.
Here are five insights:
1. Europe follows North America, capturing the second largest market share, because of medical technology advancements and increases in healthcare expenditure.
2. Asia will witness significant growth in the medical implants market, due to an aging population and a growing awareness of medical implant therapeutic applications.
3. India and China will lead growth within the Asian market.
4. High costs and unfavorable reimbursement policies will stunt market growth.
5. Key market players include Johnson & Johnson, Abbott Laboratories, Edwards Life-sciences, Orthofix, Novartis International, Sorin S.p.A, Boston Scientific, Smith & Nephew, Tornier and Stryker.