Biotextile Implants Market to Record an Exponential CAGR by 2026

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.

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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.

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