Smart Implants Market Poised for Robust Growth, Forecasted to Expand at 8.62% CAGR from 2023-28

MarkNtel Advisors has released its latest report highlighting strong growth in The Global Smart Implants Market is projected to grow at a CAGR of around 8.62% during the forecast period, i.e., 2023-28 on account of rapid technological advancements & rising demand to provide pervasive & personalized care to patients.

Report Coverage

This report offers a comprehensive analysis of the Smart Implants Market, providing valuable insights across historical trends, current dynamics, and future forecasts.

• Base Year: 2022
• Forecast Years: 2023-28
• Historical Years: 2018-21

Smart Implants Market Overview

In addition, the incorporation of minimally-invasive methods, along with the smart implant, brought unprecedented growth opportunities against various diseases, real-time health data collection, real-time monitoring of chronic ailments, and patient-tailored treatment. These smart implantables have the major potential to minimize complications, decrease recovery time, and reduce readmissions & revision procedures.

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Smart Implants Market Segmentation Outlook

The Smart Implants is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:

By Product Type

• Orthopedic Implants
  • Hip Reconstruction
  • Knee Reconstruction
  • Shoulder Implants
  • Spinal Implants
  • Trauma Implants
• Dental Implants
• Cardiovascular Implants
• Cochlear Implants
• Others (Ocular, Nasal etc.)

By Material

• Bone Cement (PMMA or Polymethyl Methacrylate)
• Surgical Mesh
• Titanium
• Zirconium
• Polyethylene
• Others (Polyurethane Foam, Silicone, etc.)

By End User

• Hospitals
• Specialty Centers
• Ambulatory Surgery Centers
• Clinics

By Region

• North America
• South America
• Europe
• Middle East & Africa
• Asia-Pacific

Smart Implants Market Driver

Surge in Adoption of Technological Advancements to Drive the Market- The rapid technological advancements have been majorly contributing to the up-gradation of medical health & services for historical years. The discovery of biocompatibility & bio-inert materials to be used in Osseointegration as well as other implants in the body was considered a breakthrough in the medical devices & healthcare segment. In addition, to increase predictability, secure stabilization of implants, and utilization of minimally invasive methods propelled the use of computer-guided implant surgeries during 2018-2028.

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Top Smart Implants Market Brands & Their Strategic Market Positioning

MarkNtel Advisors Research identifies Johnson & Johnson Services, Inc., Medtronic, Abbott, Boston Scientific Corporation, Zimmer Biomet, Cochlear Ltd., Biotronik, Nevro Corp., Senseonics, Inc., Nevropace, Aleva Neurotherapeutics SA, Intelligent Implants, Freudenberg Group, AstraZeneca, Integra LifeSciences Others as key players shaping the market landscape.

Smart Implants Market News

• In 2021, Zimmer Biomet & Canary Medical announced the FDA Grant & authorization to market the world’s first smart knee implant.         

• In 2021, Stryker Intelligent Implants received the funding of USD8.7 million to manufacture smart implants with improved stability, correct deformity, and reduced pain.

Key Questions Answered in the Report

• What is the market size (value & volume) along with the current & future trends, growth factors & challenges, etc.?
• How the industry has been evolving, and which segments would dominate the market during the forecast period?
• What are the key opportunity areas that companies foresee in the coming years 2028?
• Who are the key players in the market, and what are their competitive strengths?
• What are the key growth drivers & challenges associated with the market, and how would they impact the market through the forecast period?

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