Biotextiles are used as implantable fabrics or as components of implantable devices. Implantable medical devices have become a key part of the global healthcare industry in recent years, due to the steady innovation in technologies. This has led to availability of reliable implantable devices.

Demographic factors such as changing standards of living, increasing incidence of chronic degenerative diseases, and large elderly population are major factors that influence the demand for Biotextile implants.

Increasing demand for minimally invasive surgeries, rising use of biotextile implants in fields such as the dental procedures, and growing prevalence of dental diseases are expected to drive the global biotextile implants market in the next few years. According to the United Nations, in 2017, there were approximately 962 Mn people aged 60 years or above in the world, accounting for 13% of the global population. The number of elderly people in the world is projected to reach 1.4 Bn by 2030; 2.1 Bn by 2050; and 3.1 Bn by 2100.

The global biotextile implants market can be segmented based on product, material, end-user, and region. Based on product, the market can be classified into stents, heart valves, orthopedic implants, hernia repair mesh, sutures, and others. The hernia repair mesh segment can be sub-segmented into inguinal hernia, femoral hernia, ventral hernia, incisional hernia, and umbilical hernia. The stents segment is expected to account for a major market share during the forecast period, due to the rising demand for minimally invasive surgeries and aging population. Based on material, the biotextile implants market has been classified into resorbable, semi-resorbable, and non-resorbable. The resorbable segment is expected to account for a major market share from 2017 to 2025. Based on end-user, the market has been divided into hospitals, ambulatory surgical centers, and specialty clinics. The hospitals segment is expected to account for a leading market share between 2017 and 2025, due to increasing preference by patients for treatment in hospitals.

In terms of region, the global biotextile implants market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America led the global biotextile implants market in 2016 and the trend is expected to continue during the forecast period. The dominance of North America is attributable to presence of key players in the U.S. and Canada, increasing prevalence of dental diseases, and growing use of biotextile implants in dental care in the region. According to the World Health Organization, the prevalence of dental caries is high in North America with the DMFT (decayed, missing, filled teeth) count of 2.35 among population aged 12 years in 2011. (DMFT is a measure to record and benchmark the prevalence of dental diseases). Europe also held a significant share of the global market for biotextile implants in 2016, due to increasing demand for safe and long-lasting biocompatible implants and increasing prevalence of cardiovascular diseases in the region. According to British Heart Foundation (BHF), in 2015, about seven million people in the U.K. alone were suffering from cardiovascular diseases. Rapidly aging population and increasing incidence of chronic diseases are anticipated to boost the market during the forecast period. Moreover, initiatives by governing authorities to develop health care infrastructure in the region are projected to boost the biotextile implants market in Asia Pacific during the forecast period. According to the United Nations Economic & Social Commission for Asia & the Pacific (UNESCAP), one in four people in the Asia Pacific region would be aged 60 years or above by 2050. The region is experiencing aging of population at an unprecedented pace, with the number of elderly people expected to become more than double from 535 million in 2015 to about 1.3 billion by 2050.

Prominent players operating in the global biotextile implants market are C. R. Bard, Inc., Collagen Matrix, Inc., Medtronic, Getinge Group, Inspiremd, and Novus Scientific Inc.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Biotextile Implants Market

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