Market Insights
As per recent research by MarkNtel Advisors, The Global Smart Implants Market is projected to grow at a CAGR of around 8.62% during the forecast period, i.e., 2023-28.
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Key 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.
Furthermore, emerging technologies such as cloud computing, artificial intelligence, machine learning, blockchain technology, and virtual reality have transformed the conventional implant strategies & entered into the clinical practice to combat the growing prevalence of infectious & non-communicable diseases. Moreover, the rising adoption of smart sensor technologies to ease the process of post-operative measures is positively impacting the smart implants market across the world. Besides, the wireless communication technology, control monitoring, and smooth assessment of the implants using the latest technologies would further attract the manufacturers to build new technology implants in the coming years.
Market Segmentation and Consumer Behavior:
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
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Smart Implants Market Geographical Analysis:
By Region:
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
Key Players and Competitive Strategies in the Smart Implants Market
Several prominent players dominate the Smart Implants Market, including:
- 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
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Questions Addressed in this Study
1.What factors are driving the Smart Implants Market growth?
2.How is the Smart Implants Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Smart Implants Market?
4.What is the current size of the Smart Implants Market, and how is it projected to change in the future?
5.What is the future outlook for the Smart Implants Market in terms of technological advancements and market expansion?
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