The world medical implants market is estimated to reach $116,300 million by 2022. The growth in the medical implants market is primarily attributed to the rising prevalence of chronic diseases coupled with the rapidly ageing population. Moreover, increased awareness and technological advancements in medical implants are further supporting the growth of the market. However, high implantation cost and lack of expertise are some of the factors restraining the growth of the medical implants market.
Medical implants are permanent devices such as pacemakers or temporary devices such as fracture plates which are removed once their function is completed. These implants are made up of bone, tissue, skin, ceramics, metals, plastics, and other natural materials.
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The world medical implants market is segmented into product, biomaterial, and geography.
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