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Global biological implant market to total $9.8B by 2024 — 5 notes

Written by  Mary Rechtoris | Tuesday, 06 December 2016 20:10
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The global biological implant market is anticipated to expand over the next eight years, a Grand View Research report found.

Here are five notes:

 

1. By 2024, the market is expected to reach $9.8 billion.

 

2. More adoption of grafts and organ substitutes for reconstructive surgeries is spurring market growth.

 

3. However, difficulty finding a material that can adapt to a surrounding environment's biology poses as a barrier to market expansion.

 

4. Last year, xenografts held a more than 50 percent market share.  

 

5. In 2015, North America dominated the market with a revenue share surpassing 50 percent. The Asia-Pacific region, however, is likely to have the fastest growth due to its target population and improving healthcare infrastructure.

 

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