With the rise of lifestyle diseases and aging population, there has been an increasing occurrence of lifestyle diseases. Also, increasing awareness of health related issues and improved access to healthcare, the medical devices industry is in an expanding curve. The medical implants market is driven by an increase in health needs of ageing population, sedentary lifestyle, improving trauma care, and advancement in medical technologies.
According to a WHO (World Health Organization) statistics, there are more than 1000 million people in the world above the age of 50, out of which 700 million are from developing countries. This can increase the demand for orthopedic, cardiovascular, ophthalmic and orthodontic implants. However, high cost of treatment and proportional increase in failure of implants and increasing rejection rates are major challenges faced by the industry. This scenario signifies the importance of materials that are used for manufacturing the implants.