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Implantable Medical Devices Market to Observe Strong Development by 2027

Transparency Market Research (TMR) has published a new report titled, ‘Implantable Medical Devices Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027’. According to the report, the global implantable medical devices market was valued at US$ 37,700.8 Mn in 2018 and is projected to expand at a CAGR of 4.6% from 2019 to 2027. In terms of volume, the implantable medical devices were accounted at 10,712,732 units in 2018.

Planning To Lay Down Future Strategy? Request Brochure Of Implantable Medical Devices Market

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Overview

An implantable device, according to the U.S. FDA, is “a device that is placed into a surgically or naturally formed cavity of the human body, if it is intended to remain there for a period of 30 days or more”.

Metals and their alloys have been utilized in the manufacture of implants since the development of first implantable device

Rise in demand for minimally invasive procedures, aging population, high obesity rates, and high purchasing power of the population are anticipated to drive demand for implantable medical devices during the forecast period.

North America dominated the global implantable medical devices market in 2018 and the trend is anticipated to continue during the forecast period. Well-established health care infrastructure, availability of reimbursements, and introduction of the Affordable Care Act in the U.S. are expected to drive the market in North America.

Asia Pacific is likely to be a highly lucrative market for implantable medical devices and it is expected to expand at a high CAGR during the forecast period

Rise in Demand for Minimally Invasive Procedures to Driven the Market

Patients prefer minimally invasive surgery as it includes lesser post-surgery complications and side effects, and shorter recovery time. Therefore, minimal invasive nature of interventional cardiology acts as a driver of the market

The minimal invasive nature of these surgery procedures influences the decision making of patients to undergo interventional cardiac treatments

Orthopedic Implants Segment Accounted for Significant Market Share

In terms of product type, the global implantable medical devices market has been segmented into orthopedic implants, dental implants and cardiovascular implants. The orthopedic implants segment is categorized into spinal implants and reconstructive joint replacement implants. The spinal implants segment is further divide into thoraco-lumbar implants, inter-vertebral spacers and non-bone implants. The reconstructive joint replacement segment is further divide into shoulder implants, elbow implants, ankle implants, hip implants, and knee implants

The orthopedic implants segment is expected to continue to lead the market from 2019 to 2027 due to increase in geriatric population, changing lifestyles leading to a high prevalence of obesity and high acceptance of implants such as knee & hip reconstructive joint replacement implants

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Titanium Segment Accounted for Significant Market Share

In terms of material, the global implantable medical devices market has been segmented into stainless steel, cobalt chromium (CoCr) alloy titanium, titanium alloy, and zirconium

The titanium segment held the largest share of the global implantable medical devices market in terms of revenue in 2018 owing to increase in utilization of titanium in the implantable products

Clinics to be Promising Segment

In terms of end-user, the global implantable medical devices market has been classified into hospitals, ambulatory surgical centers, and clinics. The hospitals segment held major share of the global market in 2018. The hospitals segment is categorized into +500 beds, 200-499 beds and less than 200 beds

Growth of the hospitals segment can be attributed to the high preference among patients for their implantation surgeries within a hospital and presence of large number of hospitals providing implantation facilities especially in some of the developed countries

North America to Dominate Global Market

In terms of region, the global implantable medical devices market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global implantable medical devices market in 2018, followed by Europe

The market in the North America is driven by highly developed health care sector, increasing purchasing power of the people and high demand for superior-quality implants

The implantable medical devices market in Asia Pacific is anticipated to expand at a high CAGR during the forecast period due to geriatric population, high prevalence of orthopedic disorders and increase in awareness about implantable medical devices for therapeutics

Competitive Landscape

The global implantable medical devices market is highly fragmented in terms of number of players providing different products. Key players in the global market include Abbott, Boston Scientific Corporation, Danaher Corporation, Dentsply Sirona, Institut Straumann AG, Johnson & Johnson Services Inc., Medtronic, Smith & Nephew, Stryker, Terumo Corporation, and Zimmer Biomet

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3D Printing Metal Market Share and Industry Forecasts Till, 2019-2023: MRFR

3D Printing Metals Market Information by Material (Titanium, Aluminum, Stainless Steel, Nickel, Inconel and others), Form (Powder and Filament), Technology (Vat Photopolymerization, Material Extrusion, Sheet Lamination, Binder Jetting, Material Jetting and others), Application (Aerospace & Defense, Automotive, Healthcare, Building & Construction, Consumer Electronics and others)  and Region (North America, Europe, Asia-Pacific, Latin America and Middle East & Africa) - Forecast till 2023

Market Highlights:

3D Printing Metal Size has grown over the years. When compared to the traditional manufacturing, making metal and plastic objects can be a wasteful process. The new technology reduces wastage and turns out to be efficient. In the aerospace industry, when aircraft makers manufacture metal parts, around 80% of the material is thrown away. 3D printing metal parts uses less energy and reduces waste to a minimum. The finished 3D printed product can be up to 55% lighter compared to the traditional manufactured parts.

3D Printing Metal Market is highly application driven and the aerospace & defense segment accounts for the largest market by application. In 2015, the segment was leading the market with its more than 35% of market share. It is expected to show similar results by the end of the forecasted period. The market is fueled by its high precision and accuracy, due to which it is used widely to print larger aircraft components. The market has also seen lot of investments in the R&D to develop new technologies to cater the automotive and healthcare segments as well. The global 3D printing metal market is expected to grow from about USD 160 Million in 2015 to cross USD 800 Million by the end of 2022, growing at a CAGR of 32% in the forecasted period

Key Players:

Renishaw Plc

Voxelget AG

3D Systems Corporation

Carpenter Technology Corporation

GKN Plc

EOS GmbH

LPW Technology

Sandvik AB

SLM Solutions GmbH

Industry Updates:

In May 2018, HP, global printing, and PC major     announced its entry into the manufacturing industry. HP made its entry in     the additive manufacturing field in 2016 and currently has plans to sell     3D printers that produce metal objects.

DWK Life Sciences, a leader in lab equipment     manufacturing, has introduced first ever commercial 3D printed lab     equipment. So far, 3D printed lab tools were only being used by lab     individuals, but DWK Life Sciences is the first company to have created     such products which are being marketed

Competitive Analysis:

The global 3D printing metal market is highly competitive and has reached a level of consolidation; the key players are striving to remain competitive by implementing various strategies such as product launches, mergers, partnerships and by offering after-market services, greater flexibility, and reliability. Some of the prominent players operating in the market include Renishaw Plc, 3D Systems Corporation, Carpenter Technology Corporation, Voxelget AG, LWP Technology, SLM Solutions GmbH, GKN Plc, Concept Laser GmbH, Sandvik AB and EOS GmbH.

Market Research Analysis:

The market is highly application based. The key driver for market is the growth of end-use industries such as automotive, aerospace, healthcare among others.  It is expected that the global 3D printing metal market will advance with higher growth rate as compared to previous years. However the current challenge for the market is the fluctuating prices of raw materials.

On the basis of application, aerospace & defense leads the market in all the major regions across the globe. The share owes to the growing demand for lightweight and strengthened printing materials. It also used heavily in orthopedic and dental applications for artificial knee & hip replacement. On the basis of material, titanium accounts for largest market due to its high durability, speed, accessibility, and affordability across all applications.

Scope of the report:

This study provides an overview of the global 3D printing metal industry, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global 3D printing metal market as material, technology and application. On the basis of material it is segmented as steel, aluminum, titanium, nickel and others. On the basis of technology, it is segmented as powder bed fusion, binder jetting, metal depositions, and others. On the basis of application it is segmented as aerospace & defense, dental, automotive, and others.

Regional Analysis:

North America accounted for the largest share of the 3D printing metal market in 2018; the regional market is expected to exhibit significant growth during the review period. Technological advances and innovation in the aerospace and defense industry to strengthen military power are projected to drive market growth. The rising demand for fuel-efficient military aircraft and economically viable munition components with longer shelf life is projected to positively influence the growth of the market during the forecast period.

The Middle East & Africa is likely to emerge as a key market for 3D printing metals on account of the expanding end-use industries such as automotive, infrastructure, and healthcare. Siemens AG and Strata Manufacturing PJSC partnered with Etihad Airways, the second-largest airline in the UAE, to expand the use of 3D printing technology in the Middle East and North Africa and help the airline to improve designs.

The Middle East & Africa is likely to emerge as a key market for 3D printing metals on account of the expanding end-use industries such as automotive, infrastructure, and healthcare. Siemens AG and Strata Manufacturing PJSC partnered with Etihad Airways, the second-largest airline in the UAE, to expand the use of 3D printing technology in the Middle East and North Africa and help the airline to improve designs.

Asia-Pacific is expected to be the fastest growing market for 3D printing metal owing to economic growth and rapid industrialization driving the growth of major end-use industries such as automotive, medical devices, and aerospace and defense.

Get a complete & Professional sample PDF of the "Global 3D Printing Metal Market" Report @ https://www.marketresearchfuture.com/reports/3d-printing-metal-market-1834 

Segments:

The global 3D printing metal market is segmented based on material, technology, application, and region. By material, the market is segmented into steel, aluminum, titanium, nickel, and others. By technology, the market is segmented into powder bed fusion, binder jetting, metal depositions, and others. By application, the market is segmented into aerospace & defense, dental, automotive, and others.

Intended Audiences:

3D printing metal manufacturers

Traders and distributors of 3D printing metals

Research and development institutes

Potential investors

Raw material suppliers

Nationalized laboratories

[healthy-insights]

Implantable Medical Devices Market: Key Players, Trends, Size, Share, Analysis, Estimations And Forecasts To 2024

The global implantable medical devices market features a largely consolidated competitive landscape, with the top five companies accounting for a share of more than 50% in 2015, reports TMR in a recent report. These companies, including Zimmer Biomet, Johnson & Johnson, Stryker Corporation, Medtronic plc, Institut Straumann AG, hold sway owing to innovation, rapid introduction of newer and more effective product varieties, and presence across several key regional markets. Being a technology- and research-intensive field, governed by stringent approval regulations, the implantable medical devices market faces a low threat of new entrants in the next few years. However, the introduction of more promising substitutes to traditionally used materials is expected to intensify competition.

Get Sample Copy of this Report @

http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=13946

Transparency Market Research estimates that the global implantable medical devices market will witness expansion at a healthy 4.9% CAGR over the period between 2016 and 2024. At this pace, the market, which had a valuation of US$32.3 bn in 2015, is expected to rise to US$49.8 bn by 2024. Of the key materials used for manufacturing medical implants, titanium is presently the most preferred but is expected to lose its prominence to other options such as titanium alloys and zirconium. Over the period between 2016 and 2024, the market for titanium implants is expected to expand at a 4.7% CAGR. The markets for titanium alloy implants and zirconium implants are expected to expand at 5.5% and 6.4% CAGR over the same period, respectively.

Rising Prevalence of Chronic Degenerative Disease and Dental Problems to Stimulate Demand for Implantable Medical Devices Globally

A plethora of factors are boosting the global consumption of medical implantable devices. Some of the chief ones of these are the rising numbers of people suffering from chronic degenerative diseases such as arthritis and cardiovascular issues and the high prevalence of dental problems, which could require orthodontic and periodontics interventions. While busy lifestyles, unhealthy dietary habits, lack of physical activities, and rising geriatric population are triggering chronic health diseases, the rising intake of junk/fast food is leading to the increased incidences of dental issues. Over the next few years, these factors are expected to arise as high-impact drivers of the global implantable medical devices.

Along with these factors, the rising prevalence of a number of congenital diseases and the increased awareness and consciousness regarding body’s appearance, and the alleged boost to self-esteem that cosmetic surgeries bring, have also been underlined as the key drivers of the global implantable medical devices market. The increased awareness regarding body aesthetics has given a huge boost to the market for dental surgeries involving implantations, thus driving the global implantable medical devices market.

Concerns Regarding Corrosion, Developments in Surgical Field Threaten to Hurt Demand for Conventional Implants

Studies have demonstrated that implants made from materials such as nickel and chromium are prone to corrosion and can trigger cancers. Implants made from cobalt alloy are known to pose risks to human health owing to in vivo ion release; polyethylene implants could be a potential trigger for bone lysis and localized tissue ruptures. Owing to the potential health issues that many varieties of implants cause, patients are more prone to opt for other alternatives. Along with this, the vast developments in the surgical field could also stimulate the consumer to prefer surgeries that promise minimal risk to health.  

Moreover, the high costs of medical implants and the concerns regarding post-implantation infections, which may add to the overall cost of implanting a medical device in the body, are also restraining the overall growth prospects of the global implantable medical devices market to a certain extent.

View Report @ http://www.transparencymarketresearch.com/global-implantable-medical-devices-market.html

This review is based on a recent report by Transparency Market Research, titled “Implantable Medical Devices Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016 – 2024.”

For this study, the market has been segmented as follows:

Implantable Medical Devices Market, by Product Type

Orthopedic Implants

Spinal Implants

Reconstructive Joint Replacement

Dental Implants

Cardiovascular Implants

Thoracolumbar Implants

Intervertebral Spacers

Non-bone Implants

Shoulder Implants

Ankle Implants

Elbow Implants

Hip Implants

Knee Implants

Implantable Medical Devices Market, by Material

Stainless Steel

Cobalt Chromium (Co-Cr) Alloy

Titanium

Titanium Alloy

Zirconium

Implantable Medical Devices Market, by End-user

Hospitals

Ambulatory Surgery Centers (ASCs)

Clinics

+500 Beds

200-499 Beds

Less than 200 Beds

Implantable Medical Devices Market, by Geography

North America

Western Europe

Eastern Europe

Asia Pacific Ex. Japan

Japan

Middle East & Africa

Latin America

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

US Office Contact

90 State Street, Suite 700 Albany, NY 12207 Tel: +1-518-618-1030 USA – Canada Toll Free: 866-552-3453 Email: sales@transparencymarketresearch.com Website: http://www.transparencymarketresearch.com

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[healthy-insights]

Implantable Medical Devices Market:Global Industry Analysis 2024

This report on implantable medical devices studies the current as well as future prospects of Implantable Medical Devices market globally. The stakeholders of this report include companies and intermediaries engaged in the manufacture and commercialization of various implantable medical devices and products as well as new entrants planning to enter Implantable Medical Devices market. This report comprises an elaborate executive summary along with a market snapshot providing overall information of various segments and sub-segments considered within the scope of the study. This section also provides the overall information and data analysis of the global implantable medical devices (IMD) market with respect to the leading market segments based on major products, key materials utilized, end-users, and geographies.

Download A PDF Sample Copy of Report: https://goo.gl/43688T

The global implantable medical devices market has been studied based on major implantable product segments, material segments, their end-users, and regional as well as national markets. Based on product type, the global Implantable Medical Devices market has been categorized into three major segments: orthopedic implants [further categorized into reconstructive joint replacement (knee implants, hip implants, elbow implants, ankle implants, and shoulder implants), and spinal implants (thoracolumbar implants, intervertebral spacers, and non-bone implants)], dental implants, and cardiovascular implants. Based on material, the globalImplantable Medical Devices market has been categorized into five major segments: titanium, stainless steel, cobalt-chromium alloy, titanium alloys, and zirconium. Based on end-user, the global market has been categorized into three key segments: hospitals (large, mid-sized, and small), ambulatory surgery centers (ASCs), and clinics.

Implantable Medical Devices market for these segments has been extensively analyzed based on their utility, effectiveness, sales, and geographic presence. Market revenue in terms of US$ Mn and Implantable Medical Devices market volume in terms of units for the period from 2014 to 2024 along with the compound annual growth rate (CAGR %) from 2016 to 2024 are provided for all segments, considering 2015 as the base year.

The Implantable Medical Devices market overview section of the report explores the market dynamics such as drivers, restraints, and opportunities that currently have a strong impact on the global implantable medical devices market and could influence the market in the near future. Market attractiveness analysis has been provided in all the sections of the report in order to explain the intensity of competition in the market across different products/materials/end-users/geographies. The competitive scenario among different market players is evaluated through market share analysis in the competition landscape section of the report. The section also includes completion matrix that analyzes the competition among some of the top global players operating in the market. All these factors would help market players to take strategic decisions in order to strengthen their positions and expand their shares in the global Implantable Medical Devices market.

Geographically, the implantable medical devices market has been segmented into seven regions: North America, Western Europe, Asia Pacific Ex. Japan, Eastern Europe, Japan, Middle East & Africa (MEA), and Latin America. Each regional market for implantable medical devices has been further categorized into major product, material, and end-user segments considered within the scope of the study. Key country (U.S., Japan, Germany, France, U.K., Australia, Canada, China, Brazil, Mexico, India, etc.) market revenues have also been provided in different regional sections within the report. Market revenue in terms of US$ Mn and volume in terms of units for the period from 2014 to 2024 along with CAGR % from 2016 to 2024 are provided for all the regions and nations considering 2015 as the base year.

The report also profiles key players operating in the implantable medical devices market based on various attributes such as company details, SWOT analysis, strategic overview, financials, and business overview. Major players profiled in this report include Abbott Laboratories, Boston Scientific Corporation, Danaher Corporation, Dentsply Sirona, Institut Straumann AG, Johnson & Johnson, Medtronic plc, Smith & Nephew plc, Stryker Corporation, Terumo Corporation, and Zimmer Biomet Holdings.

Browse Global Strategic Business Report: https://goo.gl/i3gYim

The global implantable medical devices market has been segmented as follows:

Implantable Medical Devices Market, by Product Type

Orthopedic Implants

Spinal Implants

Reconstructive Joint Replacement

Dental Implants

Cardiovascular Implants

Thoracolumbar Implants

Intervertebral Spacers

Non-bone Implants

Shoulder Implants

Ankle Implants

Elbow Implants

Hip Implants

Knee Implants

Implantable Medical Devices Market, by Material

Stainless Steel

Cobalt Chromium (CoCr) Alloy

Titanium

Titanium Alloy

Zirconium

Implantable Medical Devices Market, by End-user

Hospitals

Ambulatory Surgery Centers (ASCs)

Clinics

+500 Beds

200-499 Beds

Less than 200 Beds

Implantable Medical Devices Market, by Geography

North America

Western Europe

Eastern Europe

Asia Pacific Ex. Japan

Japan

Middle East & Africa

Latin America

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

US Office Contact

90 State Street, Suite 700

Albany, NY 12207

Tel: +1-518-618-1030

USA - Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com

Website: www.transparencymarketresearch.com

[healthy-insights]

Implantable Medical Devices Market: Applications and Global Markets

The global implantable medical devices market features a largely consolidated competitive landscape, with the top five companies accounting for a share of more than 50% in 2015, reports TMR in a recent report. These companies, including Zimmer Biomet, Johnson & Johnson, Stryker Corporation, Medtronic plc, Institut Straumann AG, hold sway owing to innovation, rapid introduction of newer and more effective product varieties, and presence across several key regional markets. Being a technology- and research-intensive field, governed by stringent approval regulations, the implantable medical devices market faces a low threat of new entrants in the next few years. However, the introduction of more promising substitutes to traditionally used materials is expected to intensify competition.

Download Exclusive Brochure of This Report :

http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=13946

Transparency Market Research estimates that the global implantable medical devices market will witness expansion at a healthy 4.9% CAGR over the period between 2016 and 2024. At this pace, the market, which had a valuation of US$32.3 bn in 2015, is expected to rise to US$49.8 bn by 2024. Of the key materials used for manufacturing medical implants, titanium is presently the most preferred but is expected to lose its prominence to other options such as titanium alloys and zirconium. Over the period between 2016 and 2024, the market for titanium implants is expected to expand at a 4.7% CAGR. The markets for titanium alloy implants and zirconium implants are expected to expand at 5.5% and 6.4% CAGR over the same period, respectively.

Rising Prevalence of Chronic Degenerative Disease and Dental Problems to Stimulate Demand for Implantable Medical Devices Globally

A plethora of factors are boosting the global consumption of medical implantable devices. Some of the chief ones of these are the rising numbers of people suffering from chronic degenerative diseases such as arthritis and cardiovascular issues and the high prevalence of dental problems, which could require orthodontic and periodontics interventions. While busy lifestyles, unhealthy dietary habits, lack of physical activities, and rising geriatric population are triggering chronic health diseases, the rising intake of junk/fast food is leading to the increased incidences of dental issues. Over the next few years, these factors are expected to arise as high-impact drivers of the global implantable medical devices.

Along with these factors, the rising prevalence of a number of congenital diseases and the increased awareness and consciousness regarding body’s appearance, and the alleged boost to self-esteem that cosmetic surgeries bring, have also been underlined as the key drivers of the global implantable medical devices market. The increased awareness regarding body aesthetics has given a huge boost to the market for dental surgeries involving implantations, thus driving the global implantable medical devices market.

Concerns Regarding Corrosion, Developments in Surgical Field Threaten to Hurt Demand for Conventional Implants

Studies have demonstrated that implants made from materials such as nickel and chromium are prone to corrosion and can trigger cancers. Implants made from cobalt alloy are known to pose risks to human health owing to in vivo ion release; polyethylene implants could be a potential trigger for bone lysis and localized tissue ruptures. Owing to the potential health issues that many varieties of implants cause, patients are more prone to opt for other alternatives. Along with this, the vast developments in the surgical field could also stimulate the consumer to prefer surgeries that promise minimal risk to health.  

Moreover, the high costs of medical implants and the concerns regarding post-implantation infections, which may add to the overall cost of implanting a medical device in the body, are also restraining the overall growth prospects of the global implantable medical devices market to a certain extent.

This review is based on a recent report by Transparency Market Research, titled “Implantable Medical Devices Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016 - 2024.”

Browse Global Strategic Business Report:

http://www.transparencymarketresearch.com/global-implantable-medical-devices-market.html

For this study, the market has been segmented as follows:

Implantable Medical Devices Market, by Product Type

Orthopedic Implants

Spinal Implants

Reconstructive Joint Replacement

Dental Implants

Cardiovascular Implants

Thoracolumbar Implants

Intervertebral Spacers

Non-bone Implants

Shoulder Implants

Ankle Implants

Elbow Implants

Hip Implants

Knee Implants

Implantable Medical Devices Market, by Material

Stainless Steel

Cobalt Chromium (Co-Cr) Alloy

Titanium

Titanium Alloy

Zirconium

Implantable Medical Devices Market, by End-user

Hospitals

Ambulatory Surgery Centers (ASCs)

Clinics

+500 Beds

200-499 Beds

Less than 200 Beds

Implantable Medical Devices Market, by Geography

North America

Western Europe

Eastern Europe

Asia Pacific Ex. Japan

Japan

Middle East & Africa

Latin America

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