The medical implant market is expected to grow at a CAGR of 7.5% during the forecast period. Medical Implant is used to replace a body structure, support a damaged structure, or enhance an existing structure of a part of the body. Factors driving the growth of the global medical implant industry include rising geriatric population globally coupled with the rise in chronic diseases, improvement of healthcare infrastructure and rising per capita healthcare expenditure especially in the emerging economies. In addition, rising insurance coverage in developing economies is also projected to augment market growth.
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