Researchers forecast the 2012-2018 bio-implant market.
Here are five facts to note:
1. Bio-implants are typically used for safeguarding after tissue replacement and cover an array of products including orthopedic artificial implants.
2. North America is presently estimated to be the largest market, but researchers foresee a fall in this segment due to increased taxation and austerity measures of the Federal Government.
3. Europe, following behind North America in the bio-implant market, is also expected to fall as the Euro crisis inhibits the growth of the bio-implant market in the near future.
4. Asia-Pacific, trailing closely behind North America in the market, is likely to see growth because of government funding and foreign investments.
5. The bio-implant market is anticipated to thrive as the rising population and increasing incidence of chronic illnesses such as old age-related trauma, osteoarthritis, cardiovascular disease and congenital and neuropathic disorders further expand the market.
For more on devices:
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8 trends in the biologic implants market